Bankers’ Awareness, Perception, Willingness to Use the Digital Rupee and Its Potential Implications for the Indian Economy

India has made great strides towards innovations in digital payments as the world of money is changing. Reserve Bank of India (RBI), India’s central bank, is currently concentrating on Central Bank Digital Currency. (CBDC). A central bank will issue currency notes in the form of digital currency, or “Central Bank Digital Currency” (CBDC). The level of knowledge, perception, and willingness of bankers to use the digital rupee, as well as their perceptions of the influence on the Indian economy, are all explored in this article. According to the report, the majority of them are aware of the concept of the digital rupee and have a low level of trust in it. In terms of desire to use, consumers prefer it to cryptocurrency and want to use it for P2P transactions and shopping. It was also discovered that the adoption of the digital rupee will have a substantial impact on the Indian economy. Bankers, however, think that it is an effective move that will help the Indian economy grow.