The much-awaited cross-over is here!
Scan and pay any UPI QR code using Axis Bank Digital Rupee App
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Customer having an Axis bank Savings Account are eligible and can download the Axis Bank Digital Rupee App.
Note: Keep your Debit Card detail's handy to complete registration of your Axis Bank Digital Rupee account.
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Scan and pay any UPI QR code using Axis Bank Digital Rupee App
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Experience the future of money with Digital Rupee (e₹) by the Reserve Bank of India. Download the Axis Bank Digital Rupee App
Apply NowCentral Bank Digital Currency (CBDC) also known as “Digital Rupee” or “e₹” is defined by RBI as a legal tender issued by a central bank in a digital form. It is the same as a sovereign currency and is exchangeable one-to-one at par (1:1) with existing currency. Digital rupee (e₹) will offer features of physical cash like trust, safety and settlement finality with atomicity (i.e. immediate settlement of transactions) in digital mode. Digital rupee (e₹) represents a direct claim on the central bank. It can be used to carry out transactions or store value digitally, similar to the manner in which currency notes are used in physical form.
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include:Now you can send digital rupee to individuals/merchants by scanning UPI QR.
This features when turned On, will auto load the excess amount needed to the complete the transaction.
Please note: The maximum limit for Auto load is set at INR 2,000. When the excess amount exceeds the above threshold, you will have to load your wallet manually.
Axis Bank Digital Rupee App can be used to make payments to any merchant having a CBDC wallet & Merchants who are using UPI as a accepted mode of payment. Basically you can use this App to pay to any merchant by scanning their QR. The list of merchants having Digital wallet is increasing day by day, the latest list of merchants having a Digital currency account can be checked here.
Find MerchantsCentral Bank Digital Currency (CBDC) also known as “Digital Rupee” or “e₹” is defined by RBI as a legal tender issued by a central bank in a digital form. It is the same as a sovereign currency and is exchangeable one-to-one at par (1:1) with existing currency. e₹ represents a direct claim on the central bank. It can be used to carry out transactions or store value digitally, like the manner in which currency notes are used in physical form.
Digital Rupee (e₹) can be held in a wallet issued by banks and can be linked to your existing Bank Savings account. The wallet is a digital version of your physical wallet and Digital Rupee (e₹) can be deposited/ withdrawn to/from your existing bank Savings account into this wallet.
Digital Rupee (e₹) is a form of currency, a digital version of physical currency which one can use to make payments, whereas UPI or other fund transfer modes are only forms of payment. Digital Rupee (e₹) transactions occur between Digital rupee wallets and UPI QR codes, whereas UPI and other modes of payment like NEFT/RTGS/IMPS supports money transfer from Bank account to Bank account.
You can transact in Digital Rupee (e₹) through a convenient and safe digital wallet offered by Axis Bank. Digital Rupee (e₹) can be used to make payments to merchants and individuals, who also hold a Digital Rupee (e₹) wallet via mobile number or scanning Digital Rupee (e₹) QR codes. Digital Rupee app is interoperable with UPI and can also be used to scan and pay to existing UPI QR codes of merchants.
So basically, a user can hold up to Rs. 1 Lakh at any given point in the wallet.
Cooling period will be applicable for the new customers, and they will be able to load Rs. 5,000 per day. Cooling period will be applicable for 5 days post registration.
For a new customer, cooling period is applied for the first 5 days after registration wherein cumulative transaction amount limit is 5 thousand and total transaction count is 10. Daily transaction limit of Rs. 50,000 /20 transactions will be applicable after 5 days. Cooling period will also be applicable for 5 days in the event a customer re-registers after de-registration, changes pin on the App or re-installs the app after deleting it.
During cooling period, only a cumulative value of Rs. 5000 or total transaction count of 10 is allowed. Cooling period duration is 5 days.
Monthly limit for number of Person to Person (P2P) transactions is 100. There are no limits for person to merchant (P2M) transactions. This also includes the outgoing UPI transactions. Load & Redeem are excluded.
Please find below load limits for Axis Mobile Digital Rupee App:
Digital Rupee can be loaded using Axis Bank Digital Rupee App.
User can choose to redeem/unload Digital rupee to their Savings account.
Yes, Digital rupee can be closed/deregistered in case no longer required by user.
Mobile number and scanning of QR code are 2 ways in which you can send money from your Digital Rupee (e₹) wallet to other registered users with Digital Rupee (e₹) wallet/ users with valid UPI QR Code.
Yes. You can scan and Pay to any merchants/ individual’s QR code. Money shall be deducted from your axis digital rupee wallet and credited in the receiver’s UPI linked bank account.
No, there are no charges/fees associated with receiving or transferring Digital Rupee (e₹) or issuance of Digital Rupee (e₹) wallets. There is no minimum balance required to open/ maintain e₹ wallet.
No, as it is Digital form of currency note, there is no interest paid on digital currency in your Digital Rupee (e₹) wallet.
You can raise disputes with Customer Care via call 18004190013 or email at digitalrupee.support@axisbank.com
Non- Axis Bank customers cannot use Axis bank Digital Rupee (e₹) app in pilot. However, they may use their own bank Digital rupee wallet to transact with e₹ (Digital rupee) if they are invited for pilot by their respective bank.
Yes. Please refer to the below table for matching checksum shown in your app:
| Platform | App version | Checksum value |
|---|---|---|
| Android | 0.1.13 | buSX6KjnOL43yKBNwR7zUpshai+5zNxujT3GP1GWEAvpKqw5VF9YAKG8pZMznp99 |
| Android | 0.1.14 | x5PMJiFS07RsLp5Kp7geOBcrgaztSttY36pG2oh9574ErWjO+9leFIW9ZQPX/q2x |
| Android | 0.1.15 | T3ujHL9MLT38mKUEEUkTbmYrw3znA3A6gteaKX2Cltk2Yz8sc+xjqzoZQiDFJDJu |
| Android | 0.1.16 | 1OhEW1PF5ekeXEWgwUXC1FT7PwZ9Qi20Dmnoin47k7Q09POKzxPTZZNENVeFbNAe |
| Android | 0.1.17 | SvFmNYzmcCgDAlgk0XwQnYve0uNC/275wTFt6VU4T3ZVHAWOeYZeElhIc7GUwoeB |
| Android | 0.1.18 | l0qAz5xzvK78bvnIBpasRExq7T79wRUmzX5Zhu1BcISbbA5evyrCpxO5uIILwuAE |
| iOS | 1.8.0 | jXemi4IcW4FJPWi2Mzz0/u58fSv+/7yRZ/znfDaI2MSyzut60SynR4b3hqDYtZs3eO9KhA/K7HcghHAHxCmokXewlG+/dfemjuYs1Z4dOSw= |
| iOS | 1.9.0 | 7/tcZsHuf8SBq6BUhVCN+uA0hjv3SRirNGh7eti1+IIhYcEPtNfCdqdzIqKaPy1ADEuZCzCZ3kBgjpo7dD4LWnQs7CtJkl6p+eeRdWcbzv8= |
| iOS | 1.10.0 | xljj/7BC4odwgMvcS5+wfSLrKJrJzKtdtdbFfgISezDOqKQZUxVJ8QAVXZH3/u3Fl2CFzj7WDFu5qXALFI2nGYqzmxeQpPQI2WzfFzWLndk= |
| iOS | 1.11.0 | K6UxlemoK3UR7Wvtxb9ffSsgNtistDHNckRwCSjohSHTJKnXjalOIdTfZGbecS40paeEO9VIJbRAl8WHg8eXmVOhlNR4uMM8zEqAJVnwGZY= |
Customers can reach out to the bank for raising chargeback request for scenario wherein transaction was successful, but merchant is claiming that they have not received the transaction amount. Bank shall lodge a chargeback request with NPCI basis customer’s consent. Concerned NPCI team shall investigate the claim. This process has a TAT of 15 business days. In the event chargeback request is rejected, customer can ask the bank to raise pre-arbitration request which has a TAT of additional 7 business days. If chargeback is successful, the bank shall credit the customer’s wallet in 3 business days. This is set process as per NPCI and the bank can assist but TAT is not in our control.
Note: For raising pre-arbitration request, customer needs to reach out to the bank and raise the request within 7 days of rejection of initial request.
“Special Purpose Digital Rupee” is also called as Programmable Central Bank Digital Currency (PCBDC). It is the designated digital rupee within Axis Mobile Digital Rupee Wallet, regulated and guided by the Reserve Bank of India (RBI). It is exclusively designed and programmed for carrying out transactions with a specific purpose.
Special Purpose Digital Rupee is assigned to beneficiary by Sponsor entity which can be government or non-government organization. Beneficiary/ user who has provided Special purpose digital Rupee by sponsor entity can start using it on issuer Digital Rupee Banking App. Beneficiary/ user is not required to necessarily have Savings account with issuer bank to avail this facility.
User shall receive SMS communication on receipt of Special Purpose Digital Rupee by Issuer Bank
User has Savings Account with issuer bank.
User doesn’t have savings account with Issuer Bank
Yes, user can user Axis Mobile Digital Rupee app to link Special purpose Digital Rupee by completing SIM verification and authenticating Unique Identifier.
It depends on the scheme Initiated by Sponsor entity.
Not necessarily. Merchant can receive payment by scanning CBDC QR or UPI QR. If CBDC QR is scanned, Merchant will receive payment in his CBDC wallet. In case of UPI QR, merchant will receive payment in his Bank account linked with UPI QR
No. Transaction using Special Purpose Digital Rupee can only be done to Eligible merchants.
There are 5 parameters defined by RBI to program Special purpose digital Rupee.
MCC – Merchant category
Areas of Usage
Expiry date
Acceptance on VPA or CBDC wallet ID
No. of times transaction can be done
No, you cannot deregister wallet having Special Purpose Digital Rupee
Yes, transaction limits are common for Retail CBDC & Special Purpose Digital Rupee. Refer the transaction limits listed under the Retail CBDC section for more information
Offline CBDC is a mode of payment on Axis Digital Rupee wherein customers can transfer or receive funds in offline mode. Enabling this feature will allow you to transfer or receive funds from other digital rupee apps (supporting offline feature) when you are in remote areas having no network reception.
Offline CBDC can be enabled by following below steps:
Note : Offline feature can be enabled and used only on those devices which support NFC.
No. Offline feature can be enabled and used only on those devices which support NFC.
Offline feature is available only on Android device currently.
Offline balance can be loaded by following below steps:
Note: Customer’s existing tokens in the wallet will get tagged for offline use when they are loading offline balance. No new load will happen from customer’s savings account. Consequently, offline load will fail if user do not have exact tokens having cumulative value equal to the amount entered. Load will also fail in the event entered amount is greater than customer’s wallet balance.
Customer’s existing tokens in the wallet will get tagged for offline use when they are loading offline balance. No new load will happen from customer’s savings account.
Offline transaction can be initiated by following below steps:
Offline balance can be un-loaded by following below steps:
Offline feature can be disabled by following below steps:
Past Offline transactions can be seen by clicking on “Offline transaction history” button in Offline management screen.
Tokens received during an offline session are marked as “Un-spendable” and therefore, cannot be used in the same offline session. This has been done to safeguard customer from fraudulent activities. Customer will have to come online and use sync option to realise the tokens. Sync option is available in home screen as well as Offline feature management screen.
Only Digital Rupee wallet to wallet transactions is allowed in Offline CBDC.
Offline balance will be visible in Offline management screen (Home page -> Offline wallet) when customer is online. Offline balance will be visible in home page itself when customer is offline.
Offline transaction operate using NFC technology. Distance between NFC chips of both devices should be less than 4 centimetres.
Please find below various limits applicable for Offline CBDC:
Tokens received during an offline session are marked as “Un-spendable”. Customer will have to come online and use sync option to realise the tokens. Sync option is available in home screen as well as Offline feature management screen.
If customer uninstalls/deletes the app without unloading/ deactivating offline feature, customer will recover only online spendable tokens post re-installation of the App. Offline spendable tokens in such case will be locked for 30 days. The respective offline tokens will be transferred back in the customer’s wallet If the tokens remain uncontested for the mentioned period. We strongly recommend not to delete the App while in the Offline mode. Delete only when transactions are settled & visible as part of the overall wallet balance.
If customer initiates deregistration and offline feature is still active, in such scenario the system will automatically deactivate the Offline feature and unmark all offline spendable tokens present in offline balance.
For more details, refer the Concept Note of RBI
Disclaimer: Only Selected banks are invited to participate in Central Bank Digital Currency pilot programme. Axis bank being one of the selected banks is delighted to invite its retail customers & merchants to use Digital Rupee (e₹) pilot.
