Authors : Dr. Anju Agarwal; Pooja Soni

Volume/Issue : Volume 11 - 2026, Issue 5 - May

Google Scholar : https://tinyurl.com/3dwrknkf

Scribd : https://tinyurl.com/4ycycz2z

DOI : https://doi.org/10.38124/ijisrt/26May1515

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Abstract : The rapid expansion of digital payment systems in India, particularly the Unified Payments Interface (UPI), has transformed the country’s financial landscape and created a strong behavioral foundation for future digital currency adoption. The Reserve Bank of India’s introduction of the Digital Rupee (e₹) as India’s Central Bank Digital Currency (CBDC) represents a significant milestone in the modernization of the monetary system. This study examines consumer perception toward CBDC adoption in India with special focus on the transition from UPI-driven payment systems to the Digital Rupee framework. Based entirely on secondary data drawn from RBI reports, NPCI statistics, BIS publications, IMF working papers, and peer-reviewed literature, the study employs thematic, comparative, and trend analysis methods to identify the key factors shaping consumer readiness toward Digital Rupee adoption. The findings indicate that while India possesses strong technological and institutional infrastructure for CBDC implementation, consumer acceptance remains contingent upon trust, security, digital literacy, privacy protection, and sustained policy support. The study highlights both the opportunities and challenges associated with CBDC adoption and offers practical suggestions for policymakers and financial institutions to ensure a successful and inclusive transition toward the Digital Rupee economy.

Keywords : Central Bank Digital Currency (CBDC), Digital Rupee, UPI, Consumer Perception, Digital Payments, Financial Inclusion, Technology Adoption.

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