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Bank of India Launches Programmable CBDC

1 min read
RBI Grade BNABARD ESISEBI
  • Bank of India launched user-level programmable CBDC with auto-issuance.
  • Users can schedule recurring Digital Rupee (e₹) payments with fixed amounts and frequencies.
  • Users can also specify the purpose for which the recipient can use the funds.
  • Applications include allowances, education expenses and other recurring purpose-bound payments.
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