24.4 C
State of Tripura
Friday, July 18, 2025

Reliance General Insurance to accept Central Bank Digital Currency through YES Bank

Tripura Net
Tripura Net
www.tripuranet.com is a daily news, news article, feature, public opinion, articles, photographs, videos etc –all in digital format- based website meant to disseminate unbiased information as far possible as accurate.

Must Read

Mumbai: Reliance General Insurance has tied up with YES Bank to facilitate the collection of premiums in the digital mode using the banks e? platform, the company said in a statement.

Customers who have an active e? wallet with any bank can scan Reliance General Insurances e? QR code to make immediate payment.

e? is a digital token that is equivalent to a banknote i.e., legal tender, and is a sovereign currency backed by the RBI. Being digital, e? removes all the issues of handling physical cash and offers the same anonymity as a banknote.

Moreover, since all e? transactions are done through an RBI-regulated entity, it reduces banknote-related risks such as anti-money laundering, counterfeit currency etc.

Reliance General Insurance is enabling its customers to hedge such risks by providing e? as a form of digital currency transaction option thereby promoting safe financial transactions, said a company press release.

Currently, Reliance General Insurances physical e? QR code is available at their select branches for walk-in customers to scan and pay instantly.

The company plans to make it available at all branches across the country, on its website and on the Reliance Self-i app in the next few months.

- Advertisement -
spot_img
spot_img
spot_img

Latest News

Arunachal Governor briefs President Murmu on ‘Viksit Arunachal’ initiatives

Arunachal Pradesh Governor Lt. Gen. K.T. Parnaik briefed President Murmu on key development initiatives under 'Viksit Arunachal', highlighting progress...