Reliance General to accept CBDC e-Rupee through Yes Bank

Reliance General to accept CBDC e-Rupee through Yes Bank

Daily Current Affairs / Reliance General to accept CBDC e-Rupee through Yes Bank

Change Language English Hindi

Category : Business and economics Published on: May 01 2023

Share on facebook

Reliance General Insurance has become a forerunner general insurance company in the country to accept the Reserve Bank of India's (RBI) Central Bank Digital Currency e-Rupee for premium payments.
The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's eRupee platform.
Customers who have an active e-wallet with any bank can scan Reliance General Insurance's eRupee QR code to make immediate payment.
eRupee is a digital token that is equivalent to a banknote i.e. legal tender, and is a sovereign currency backed by the RBI.
Currently, Reliance General Insurance’s physical e-rupee QR code is available at select branches for walk-in customers to scan and pay instantly.

Recent Post's

Indian-American musician and entrepreneur Chandrika Tandon has won a Grammy Award for her album "Shanti - A Journey of Peace".
Read More....
Shri H Shankar has taken charge as the Managing Director of Chennai Petroleum Corporation Ltd.
Read More....
Prime Minister launches Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 low crop productivity districts.
Read More....
Canada imposes a 25% tariff on U.S. imports in retaliation to Trump's tariffs.
Read More....
Benjamin Netanyahu appoints Major General Eyal Zamir as the new head of the Israeli Defense Forces.
Read More....
India and Oman agree to amend the Double Taxation Avoidance Agreement to enhance bilateral cooperation.
Read More....
New Zealand's Mount Taranaki has been granted legal personhood, recognizing it as a living entity with rights and responsibilities.
Read More....
The Government of India has appointed Abhinav Gupta as the Additional Director General of the Directorate General of Foreign Trade (DGFT).
Read More....
Former Chief Election Commissioner Navin Chawla Dies At 79.
Read More....
All India Radio and the Ministry of Culture launched the classical music series 'Har Kanth Mein Bharat' to celebrate India's rich musical heritage.
Read More....