HDFC Bank has integrated the Reserve Bank of India’s Central Bank Digital Currency, the Digital Rupee (e₹), into its SmartGateway platform, enabling merchants to accept zero-cost, secure, and sovereign-backed digital payments alongside UPI, cards, and net banking.
The Indian rupee hit a fresh all-time low of 91.01 against the US dollar, extending its decline for the fourth straight session in 2025 as tariff pressures, foreign fund outflows and trade deal delays weighed heavily on sentiment.
The Reserve Bank of India (RBI) has launched an offline mode for its Central Bank Digital Currency — the ‘Digi Rupee’. This innovation allows users to transfer money seamlessly even without an internet connection, marking a major step toward inclusive digital finance across India.
Indian deposits in Swiss banks jumped more than threefold in 2024 to ₹37,600 crore, according to Swiss National Bank data. However, less than 10% belongs to individuals — the surge is largely driven by corporate, institutional, and fiduciary holdings, not black money.
The Reserve Bank of India (RBI) has permitted minors aged 10 and above to open and manage savings or term deposit accounts on their own, promoting financial literacy and independence among young individuals.
