UPSC Prelims 2026 Question 69 of 100

a. UPI is a real-time payment system but Digital Rupee is akin to sovereign paper currency.

b. In case of UPI, settlement for end users happens instantly as the money gets immediately debited or credited but in case of Digital Rupee, there is no settlement as the wallet balance gets transferred to another wallet.

c. UPI transactions are recorded by banks and reflected in bank statements but in case of Digital Rupee, no data is captured in bank statements as transactions are from one wallet to another.

d. In both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks.