Federal Bank Digital Rupee App for CBDC (e₹ ) Digital Rupee (also known as eRupee or e₹), is a new form of currency launched by the Reserve Bank of India. e₹ is a legal tender, similar to sovereign paper currency, and is issued in digital form by the Reserve Bank of India. Only those who are invited will be able to use the Digital Rupee app by Federal Bank. Federal Bank Digital Rupee app facilitates digital currency transactions using a wallet. This e₹ wallet will be like your physical w