Subhechcha Ganguly 
Manoj Kumar Mishra, Principal Secretary of the Government of Odisha’s Electronics and Information Technology (E&IT) Department, unveiled the HDFC Bank’s E-Rupee (Central Bank Digital Currency) on Thursday in Bhubaneswar.
The digital currency has been introduced for the first time in Bhubaneswar in order to give the city’s small business owners the ability to digitise their payments through CBDC and lessen the difficulties they have with cash payments.One of the four places where CBDC would be rolled out initially by RBI is Bhubaneswar. To carry out the scheme, the RBI and HDFC Bank have teamed up. The bank has signed up small retailers for the E-Rupee platform.
The shape and purposes of money have evolved over time as a result of economic advancements and the growth of the payments system, and this trend will continue to affect how currencies develop in the future. From commodities to metallic currency to paper currency to digital currency, the idea of money has undergone change. The characteristics of money are evolving, creating a new financial environment for the economy. The digitalization of money is the next major development in the history of money as a result of the development of cutting-edge technologies. Technology progress has enabled the creation of a new type of currency known as central bank digital currencies (CBDCs).
The Digital Currency was introduced by E&IT Principal Secretary Manoj Mishra at the opening of HDFC Bank’s 190th branch in Odisha at Pokhariput in Bhubaneswar. The 33rd branch of HDFC in Bhubaneswar located in Pokhariput. In the presence of Shubhranshu Mishra, Joint Secretary to the CM, and Puja Mishra, Joint Secretary Science and Technology, the E&IT Principal Secretary opened the branch. On this occasion, SHG loans were given to two women’s SHG groups, checks were given to the groups, and Manoj Kumar Mishra gave the owner of an electric vehicle the key as part of a green initiative.He thanked the bank personnel and gave advice on adding additional ATMs to unbanked general practitioners in Odisha. Additionally, he exhorted the bank to reach out to rural areas of Odisha. The SHGs led by Mission Shakti also displayed their millet-based goods. The bank provided financing for tractors, commercial vehicles, two-wheelers, and four-wheelers. Cheques for the disbursements were delivered to the beneficiary.
In the State of Odisha, HDFC Bank is dedicated to offering top-notch services and all forms of loans, according to Animesh Biswal, Vice President HDFC Bank, Odisha.
