Will Digital Rupee kill UPI, Cash and Banks? | Assetyogi Show #5
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- čas přidán 7. 07. 2024
- Is Digital Rupee a threat to Cash, UPI and Banks? Digital Rupee (e-Rupee)- India’s own version of CBDC is the digital form of our currency, issued and regulated by RBI.
In this video, we’ll discuss whether digital rupee will replace UPI and traditional banking system or will it coexist? Is digital rupee similar to cryptocurrencies or not? The video includes a live demo of using digital wallet and covers concerns about its regulations and legal status.
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0:00 Intro
01:16 What is Digital Rupee?
03:02 Need for Digital Rupee
03:16 Digital Rupee vs Cash
04:57 Digital Rupee vs UPI
05:30 Bank vs Digital Rupee
06:51 Bitcoin vs Digital Rupee
10:41 Uses of Digital Rupee
About the Video
After UPI, Digital Rupee emerges as a potential game-changer. It is the digital version of Rupee, issued and regulated by RBI. In this video, we try to shed light on its meaning, uses, and draw a comparison between digital rupee and the widely embraced Unified Payments Interface (UPI). We’ll find out if Digital Rupee will redefine the landscape of digital payments, challenging UPI's dominance?
We’ll explore its impact on the banking system of India. Will it pose challenges to established banking systems, or will it seamlessly coexist? The debate extends to Bitcoin and other cryptocurrencies - does Digital Rupee position itself as an alternative to cryptocurrencies?
We’ll understand the practical applications and benefits of Digital Rupee. From streamlined transactions to enhanced financial inclusion, Digital Rupee offers a spectrum of advantages for businesses, consumers, and the overall economy. The video provides a comprehensive understanding of how Digital Rupee stands as more than just a currency- a new disruption in the growing Digital India.
In this video, we’ll cover the following concepts:
1. What is Digital Rupee?
2. Uses of Digital Rupee
3. How to use e Rupi app?
4. Will digital rupee replace UPI?
5. Will digital rupee replace Banks?
6. Is digital rupee an alternative to bitcoin?
7. How to use digital rupee?
8. Advantages of digital rupee
9. Limitations of physical cash
10. Digital rupee vs UPI
11. Digital rupee vs bitcoin
12. Digital rupee vs bank
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Side camera not required
It's irritating too
Right 👍
If you use it with better angles, not adjacent but some where in between front and side will give a better documented video..cheers
Absolutely very irritating
😅😅😅😅😅😅
Very informative as usual, since long your subscriber. Thanks ...!
Agreed to all points,must needed this process very quickly
Very well explained. Thanks.
My 2100 Rs is blocked and transaction in processing stage from last 21 days in kotak digital rupee wallet and there are no customer care number, in app support always show error.... Never use it for bigger amount.
e rupees is a scam.
Thanks for the info. Will wait for the system to stabilize before trying out.
Damn it, i just installed kotak digital rupee but it was asking my debit card details and i dont have it at the moment 😂
Kuch solve hua kya ?
Excellent knowledge video, thank you for that.
Thank you ❤
Unique topic
UPI lite is also Digital Wallet and small transactions are being done extensively and advantage of Digital Wallet of CBDC is not there.
जानकारी अच्छी लगी ! धन्यवाद !
Basically the Banking CBS system is getting affected due to the tremendous high volume of transactions on a daily basis done by UPI and MMT, so even for a single penny transaction happened through the CBS system which may later increase load on the system. Now the banks are not earning any revenue through UPI and MMT. So they are not interested in increasing their server Bandwidth. So they are looking for another option of bringing block chain technology to avoid any transaction through the CBS system. So simple.
Wow, you gave a solid logic which I was not aware of.
Thank you so much for your efforts sir 🎉
Thanks 🙏
Sir ji Aapne iske limitations nahi bataye. Iske limitations ka Part-2 video banaeeye.
Excellent video and clear explanantion!
So nice discussion
utility wise itz similar to mobile wallet?
I will never use cbdc. It's against privacy of user. Virtual money is designed to have self control over the money, not to be centralised.
Jay Bharat
Very nice step by step easy understanding way.
Good wishes for your future
I feel, the main problem with CBDC is Anonymity. Police and law enforcement will bully us. I think cash will still be king unfortunately. However, if there is Anonymity for say upto 50k-1L ₹, then things will be easy to adapt..
There should be both options, if anyone wants to use digital then can or if someone wants to use cash can use it. - the government should provide both to the public as per the flexibility.
Now smaller currency notes/coins, are not easily available,even at banks.
Government will not ban cash but fresh printing will be stopped.. If anybody have cash, he can use it but getting cash,,,, But acquiring cash will be very difficult.
Bahut detailed mein samjya ya hey..thak q
Great 😃 👍
Informative video.
beautifully explained
Nice video about digital rupees .🎉🎉🎉
Very well explained
Very informative video
thanks
Best information for eRupee
Thanks sir
Nice and very informational video
Well explained 😊
Sir mera pnb digital rupee me payment load kar rha hu to wallet kuch exceed limit bta rha or redeem kar rha hu tab bhi wallet axceed limit bta rha or kisi ko transfer kar rha hu same bta rha kya karu sir please help ❤❤❤❤
Well informed
Sir, limitations bhee bataiye......
One more distinction between digital and physical rupees is that the former can be counterfeited, while the latter cannot
How? Can you elaborate? You probably meant the latter can be counterfeited.
How can digital cash be used by Indian national during his foreign travel ? Which countries can be covered ?
I think UPI Chargable ho jayga!
Icici fasttag Mei upi chargeable ho chuka h
@@CHARANSINGH-lk5wbkotak bank m bhi
भौमिक जी, UPI मे बँकको रेकाॅर्ड रखना ही पडता है जिसके लिये MDR की सुविधा है जोडलेले 1%से 3% तक होता है.. भारतमे MDR कँसल नही किया है लेकिन Zero किया है कभीभी चार्ज लग सकता है दुनियाभर मे लगता भी है I
ऐसा कुछ भी CBDC मे नही है चूंकि यह कॅश ही है IUPI कॅश नही बल्कि एक पद्धति है I
UPI और CBDC दोनो ही RBI के ही मातहत है I
कल चल के भी CBDC ॲप बँकके पास ही रहेगा या फिर RBI एक नयी कंपनी भी तैय्यार कर सकती है I आज ही अगर UPI 3% MDR लगा दे तो सारे CBDC मे आ जायेंगे I जो RBI नही चाहती I
CBDC ॲप द्वारा, आज ही ₹500/-के नोट RBI,,, बँकोसे वापस बुला रहा है I RBI जब बँक को e₹ देता है तब पेमेंट केवल ₹ 500/- के नोट मे ही होता है और किसी बँक ने ₹200/- e₹ माँगा, तो RBI ₹ 500/-नोट, बँकसे लेता है ₹100/-के तीन नोट वापस करता है और ₹500/-नोट अपने पास कारवाई के लिये रखता है, वापस बँक नही भेजताI
Cash ko use kro online k chakkar me mat aao
Cash is king....old is gold
can we use it now
E wallet me paise add kaise krna ? Paise ayenge to hi transfer kar payenge na ?
Sir Lic aur PIL k liye video bano isme kon best rahega
sir how will money there be in these wallets , is it linked to bank accounts?
It is certainly a must have technology mainly because we shouldn't be in a position that other countries have it and we don't. But I don't see much benefit of it. The biggest benefit is lower value transactions which is really not a big need. But there is a big disadvantage that it will give Govt full visibility on where all notes are moving. This is something which is not possible today and it will give Govt a new power. Which if used positively, will reduce crime but if used negatively, will create a big brother state.
Exactly my thought, it is a tracking system,
Why government tracks money,, to detect unaccounted, black money only. If one is not indulged in shady business, why fear?
Practical दिखाइए।
Video is very good and informative but I m user kotak digital rupee, no customer care is working and no one is answering my query regarding unsuccessful transaction neither app,and neither branch ,i think it is started without proper preparation and training and I m suffering this as a customer
How can we get digital rupee in our wallet/ mobile phone if our bank is not invoved directly?
E rupi अँप्लिकेशन / कार्ड मे आयेगा क्या? यदी ऐसा हे तो उस अँप्लिकेशन मे पैसा पाहिलीबार bank से ही लाना पडेगा? तो bank invol होगी इसमेl या bank ही हमारे अकाउंट मे जो पैसा हे उसे e rupi मे cunvert करके देगी?
What is the difference between digital rupees and wallet amount (paytm, phone pay). I guess these are same except currency identifaction like unique number etc. please explain
Cbdc app server is maintained by RBI (not any bank) then if RBI server down then how it will work???
😂
Lunch ke baad aao
Excellent video as usual. How could you not mention UPI Lite which is again for same purpose
Yes right me bhi daily ke rs.5 -10 ke payment UPI lite se karta hu..chai paani ka...
I think UPI Lite was brought 'cause. to get habitual to wallet system. The same system is used by CBDC apps.
When you send money through UPI lite. The money is recieved in UPI not in UPI lite of receiver.
UPI is bank dependent where as e rupees once generated it is free form bank i.e. bank does not involve in e rupees transaction.
@@SaurabhKumar-rd2ll Saurabh ji, all banks who are issuing CBDC app,,, are authorised for CBDC use.... Not others.
very good working e rupee.
Bahut achhi jankari.
Sir, I am a beginner .
Kya kisi company ka total interest = debt to equity +operational ratio ka interest coverage, In dono ko jorker(+) hota hai kya ? Please reply kare sir .Aap bahut sahi batate hain .Dhanyabad .
What will be the procedure to Load e₹ wallet? If some one who don't have any bank account then what they will do?
how one can withdraw money in physical form from a digial wallet , if we do not have a bank account..?
This facility is not needed because all CBDC account holders are having bank apps only. Wait for future pl.
Thanks for keeping us updated. I have a query though, first use case you mentioned, through digital wallet transactions there won't be intervention of banks. But only by linking to bank accounts can we store the money in digital wallets right? So, is the non intervention of banks that you talked about applicable only when both parties have already added money to wallets from their bank accounts?
Sir, Running project is pilot only, not final version.
Sir wallets are not for storing money. It does have money limited to expenditure. If there is balance, remit it back to bank account. One will get interest also. When need arises, fill wallet from bank. Loading is very fast.
E rupi fon me kaha pe save hogi kya process he
How change will be handled? Incase the receiving party does not have the requited denominations?
(Considering, its equivalent to hard cash, new notes may not be randomly generated)
As your digital cash is also linked with your bank, one can at any point of irrespective of location exchange cash with his bank and pay the amount.
Agar sabji Wale ke pass phone n ho to digital rupee se kaise payment kar sakte h?
For dgital wallet account creation, we. Need to have bank account. It cannot be without linking our bank account
If UPI becomes chargeable, then better n wise to use cash
Can i e-money transfer to bank a/c
Sir digital cash mai investment kaise kar sakte hai
Two Questions (1) Coin does not have Serial No ? (2) Suppose I have to Pay ₹ 99.85?
Digital currency programming matlab application nahi hota uska matlab iski expiry date set ho sakti hai aur purpose set ho sakta hai yeh currency control ke liye hai
Offline transaction ho sakta hai ki nahi.?
Digital India,, Future of India......,, Digital money
If someone has no job or salary, he is earning 5-6 lakhs annually through share market only using intraday and swing trades. Is he supposed to pay according to the income tax slab rate or STCG tax?
So will digitap wallet tell me how many notes i have of 100 denomination or 50 denomination if we are going to have serial numbers too?
Yes serial number on all notes in your wallet
Note number of notes by pushing one note at a time. At present there is no other way.
Note number of notes by pushing one note at a time. At present there is no other way.
@@purnimachaudhariyou can enter the total amount you are wanting to have in your wallet this option is available.
Can we make UPI payments using digital rupee?
Dada pranam 🙏🙏
SBI Digital application do work properly....... Good video.
Ager hamara phone kho gaya to digital cash bhi gaya, Per digital cash ka sabse bada fayda tab ho sakta hai jab ham kisi aise jagah per ho jaha network na ho aur Bluetooth ke jariye transfer ker sake.
Can we use e rupee to transfer money to Gpay or for payment of purchases please?
Will e rupee launch in crypto exchange?
isase global trade aur rupee ko globalcurrency banane mein koi madad milegi ?
ek major issue solve hua hai e rupi se
e rupi wale cash ko easily government block kar sakti agar aap government ko galat bolenge
sahi hai phir government ko koi oppose bhi nahi kar paayegaa
मैं पिछले 6 महीनें से use कर रहा हूँ।शानदार चल रहा है मेरा e Rupi ....
Bhai sahab, ground pe customer ko thikse cheque/withdrawal slip bharne nahi aata, debit card ka pin set nahi kar pate log, upi karneke baad passbook print chahiye logo ko. Rs 200 500 nikalne ke liye bhi log adha adha ghanta line me khade rehte hai. Digitalization bass urban aur metro cities ke young logo ke liye hai ,aaj bhi majority log bank me hi jake withdraw karne ko safest maante hai
True
Sirji, digital wallet require must ATM Card last 6digit and expiry date.
So, without bank account it's not possible
To have a bank debit card and need of bank, both are different things. One can load via any bank/voucher like mobile top up voucher(yet to be introduced) However one can load CBDC, via UPI account app too.
@@purnimachaudhari are you using via you app ??
@purnimachaudhari ji ,thanks, I was looking for this info but didn't find anywhere else.
E-rupee is needed bcoz banks are facing huge technical problem on database. That’s y we are using even govt will force it.
That’s the actual reason.
The challenge will be in theft issues when phones are lost or stolen.
Something like this can wipe out corruption, we can put logic that money can be used for certain purposes only.
Sir swift code 8digit ka hai to paisa ayga nahi
Whoever idea was to have side camera, absolutely not required
How it will reduce financial crimes explain please? Only saying is not enough.
Money can be tracked down
Maja aa gya sir
Hello Sir I like your context every time and use to watch your videos but I have a question If you can please answer that for me.
NDTV profit logo in left top corner, Why❓
I think there are many more you want to know why Adani NTDV is flashing on your video.
Without having a bank account, you can not get CBDC. So, a bank account is necessary for CBDC. Moreover, excess CBDC can be easily traferred to bank.
Isse black money mai bhi koi fayda hoga kya?????
Sir online fraud will increase in this case and illegal case of transition will increase .I think .is it so ?
My Suggestion is more than 10000.00₹ UPI payment 1₹ charge must be.
Side camera not Required I think
Mere bhai k kal upi se 97000 rupey kat gye h kya kre sir plz reply paise kaise vapas honge humne report bi dal di h plz reply sir
For this transaction other party must have digital wallet?
Whenever I have to pay merchant, I load that much amount and pay to merchant.
This solve my two issues. There will be no risk of hacking. Secondly I will get interest on saving in bank.
What about buying car or house payment restriction??!?
Sir Stock Martet Series pr vedio banai For Beginners
Digital rupee is good ❤
Kaun se app se ise use karna hai vah batate to bahut achcha hota😊