Which of the following statements is not true regarding e-rupee?

[A] It is recognised as legal tender by the RBI.

[B] It has same value as the fiat currency.

[C] The digital rupee stored in the wallet attracts lower interest rate than cash deposited with the banks.

[D] Cash deposits in banks can be converted into digital rupees.

Answer: C

Notes:

Explanation – The digital rupee stored in wallet does not attract any interest from the central bank like the deposited cash in banks.