Bank of India launches programmable digital rupee auto-pay feature
In short
Bank of India launched a new digital rupee feature that can move e₹ automatically to another person’s CBDC wallet. Users can set the amount and how often it is sent.
This matters because it adds more control and automation to digital payments. The report does not say when the service started or who can use it right now.
What the reporting says
Bank of India launched a programmable digital rupee feature that lets account holders schedule automatic transfers of e₹ to a beneficiary’s CBDC wallet at a fixed amount and frequency. The feature also restricts how the recipient can spend the funds, according to the publisher summary. The reporting does not say when it was launched, which customers can use it, or how widely it is available.
Why it matters
Bank of India launched a programmable digital rupee feature that allows automatic transfers of e₹ to a beneficiary’s CBDC wallet at a fixed amount and frequency. The publisher summary says the recipient’s spending can also be restricted. This is a payments and CBDC feature that could affect how customers and businesses use digital rupees. The reporting does not say rollout scope or launch timing beyond the announcement itself.