Digital Rupee to save costs of printing, distributing and storing cash

For every Rs 100 note, the cost works out to be about Rs 15-17 rupee (15-17% on each tender) in its four-year life cycle, according to a market estimate. The cycle entails a chain of printing new notes and soiled notes coming back to RBI via commercial banks.

from News-Economic Times https://ift.tt/oL07lQf