Bank of India Introduces Programmable Digital Rupee with Auto-Payment Feature

The Bank of India has launched new user-level programmable digital rupee functionality and auto-issuance capability on its Central Bank Digital Currency (CBDC) platform. This feature allows account holders to schedule automatic transfers of digital rupees (e₹) to a beneficiary's CBDC wallet at a fixed amount and frequency, with the ability to restrict how the recipient can spend the funds.