Wednesday, 14 February 2024

Apply for GST Registration Online

Apply for GST Registration Online

Get GST Registration in 7 Business Days

  • GSTIN

  • GST Registration

  • GST Invoicing

  • GST E-Invoicing

  • GST Filing Software

FREE Consultation For GST Registration

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2023-09-18
Very Nice 👍 Excellent Work experience with Legal Dev.Well professional.
 

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2023-08-26
Really very helpful, cooperative and supporting is patna team and staff members like samridhi ma'am, kush sir and special thanks to Riya mam for their quick support and dynamic efforts... they are really very understanding and hardworking quick responding people provide best service to their clients so i personally suggest everyone to take their services on priority basis as I also experienced them for my many work orders... thanks again to whole Patna team and staff members again🙏
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2023-08-10
Excellent, Cooperative, Polite, Fast and very humble
 

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2023-08-09
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2023-08-09
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2023-08-08
Good service, all team members are supported.
 
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3 Step Simple Process

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What Are the Components of GST?

GST has three tax components, namely:

  • Central Goods and Services Tax or CGST, it is a central government.
  • State Goods and Services Tax or SGST which is a state component where centre and state will levy GST on all entities for all the transaction in the state.
  • The Integrated Goods and Services Tax (IGST), to be levied by the centre, i.e. when a transaction happens from one state to another.

Documents Required for
GST Registration Online

Proprietorship

  • PAN Card and address proof of proprietor

Private Limited Company

  • Certificate of Incorporation

  • PAN Card of Company

  • Articles of Association, AOA

  • Memorandum of Association, MOA

  • Resolution signed by board members

  • Identity and address proof of directors

  • Digital Signature

LLP

  • AN Card of LLP

  • LLP Agreement

  • Partners’ names and address proof

Shown as Proof of Address of a Director

  • Passport

  • Voter Identity Card

  • Aadhar Card

  • Ration Card

  • Telephone or Electricity Bill

  • Driving License

  • Bank Account Statement

Eligibility for GST Registration

  • Businesses that are involved in inter-state supply of goods or services.
  • Input service distributors who distribute input tax credit to their branches or units.
  • Casual taxable persons who supply goods or services occasionally in India.
  • Businesses that were previously registered under the old tax regime (VAT, Service Tax, etc.) and have migrated to GST.
  • Any individual or business entity that carries out taxable supplies of goods or services.
  • Annual turnover of the business exceeds the prescribed threshold limit (currently ₹20 lakhs for most businesses).
  • E-commerce operators that facilitate the supply of goods and services through their platform.
  • Non-resident taxable persons who occasionally supply goods or services in India.

One-Stop Solution for
GST Registration in India

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Friday, 12 January 2024

Insurance Types You Should Know

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Monday, 11 December 2023

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How To Become a Tax Consultant: Skills, Education and Salary

Tax consultants help individuals and businesses in making the right financial decisions. Their role in preparing and filing tax returns is extremely valuable. By learning about their exact role, responsibilities and skill requirements, you can identify whether this is a suitable career for you. In this article, we explore how to become a tax consultant, why the role is important and discuss what skills and qualifications you need to excel in the career.

What is a tax consultant?

A tax consultant is a financial expert who uses advanced knowledge of tax laws and codes to help clients meet their tax obligations. They ensure their clients remain compliant with the law while minimising their tax liability. In addition to preparing tax returns for clients, tax consultants also offer advice on related financial concepts like investments.

Tax consultants spend most of their days on their desks calculating figures or meeting with clients. They use a variety of tools to simplify the process of preparing and filing tax returns. They must be aware of the latest developments and changes in tax laws and regulations.

How to become a tax consultant

To become a tax consultant, follow these steps:

1. Understand what the career entails

Find out basic information about Indian tax laws and understand the role of a tax consultant. Talk to established tax consultants and practitioners to clarify any doubts. Make sure you understand the responsibilities that come with the job before deciding to become a tax consultant.

2. Get the right education

While studying commerce subjects in your senior secondary (10+2) is advantageous, you can become a tax consultant even if you have studied science or humanities subjects. Graduate students in law, commerce, mathematics, accounting and banking can become tax consultants. Find an education path that works well for you and your schedule so you can be successful in school.

3. Complete specialised programmes and certifications

There are many ways to become a licensed tax consultant, and most of them require specialised training programmes and certifications. The programmes offered by The Institute of Chartered Accountants of India (ICAI) and The Institute of Company Secretaries of India (ICSI) are the most direct ways to become a tax consultant. There are also several government-registered short-term and distance education programmes to help people start a career in the tax consultancy sector.

4. Get professional experience

It is ideal to obtain adequate professional experience  by working in a chartered accountancy firm, consulting services firm or financial services firm. You can begin an apprenticeship or internship during the final year of your programme and take up a full-time role after finishing your training. Experience is a highly sought-after trait in tax consultants.

5. Start your practice

Once you gain sufficient experience, you can set up a private practice and work directly with clients. However, it is important to remember that a tax consultancy business comes with certain responsibilities and client requirements. Ensure that you provide your clients with the best service and sustain their trust.

What are the different kinds of tax consultants?

While most tax consultants offer a wide variety of services, they usually specialise in one or two of the many types of taxes:

  • Income tax consultant

  • Business tax consultant

  • Goods and services tax (GST) consultant

  • Capital gains and losses tax consultant

  • Property tax consultant

  • Vehicle tax consultant

Tax consultants must have in-depth knowledge about all their chosen fields of specialisation and must keep obtaining new certifications to expand their competency and offerings.

What qualifications do you need to be a tax consultant?

People with the following qualifications can become tax consultants:

  • Clearing all levels of The Institute of Chartered Accountants of India (ICAI) programme

  • Clearing all levels of The Institute of Company Secretaries of India (ICSI) programme

  • Registered members of the Bar Council (L.L.B.)

  • Clearing all levels of The Institute of Cost and Management Accountants of India (ICMAI) programme

  • Certified by the Central Board of Direct Taxes (CBDT) after graduation in commerce, banking or management

Please note that company secretaries can become tax consultants and file returns on behalf of assessees, but they can not conduct audits or represent clients before the tax tribunal.

Estimated salary of tax consultants in Gurgaon, Haryana Skills required to become a tax consultant

Here are a few skills that help tax consultants succeed:

Mathematical acumen

Taxation involves a lot of numbers. Being able to make projections, calculate percentages and interest and account for profit and losses is vital to the role of a tax consultant. Thus, a strong foundation in mathematics, economics and financial concepts is required.

Eye for detail

Preparing the paperwork for tax returns is a long and comprehensive process with many opportunities to make errors. Tax consultants should spot these mistakes quickly upon review and must have strong attention to detail to identify even the most minute inconsistencies. Accuracy is one of the biggest strengths of a tax consultant, as any oversight in the tax filing process can cause non-compliance or violation of the tax law.

Problem-solving

Businesses and individuals often approach tax consultants with unique financial situations. Tax consultants must apply their knowledge and provide the best possible solution that helps their clients. Therefore, strategic thinking and planning to solve problems is an important part of the job.

Client management

Managing clients and ensuring their satisfaction is critical to the success of tax consultants. Engaging clients with regular updates, offering them the best advice and building a personal rapport to retain them are a few things that a tax consultant must be able to do. To do well in client management, you can keep a file folder for each client with their unique financial and tax situations, along with their contact information and any other pertinent information.

Communication

Tax consultants are able to explain complex and confusing tax-related concepts to clients with low levels of financial literacy. Whether it is helping a working professional cut down their tax liability with the right investment or filing the GST returns for a business, tax consultants must have strong communication skills to explain tax strategy and implications and provide advice. They must be responsive to the needs and requests of their clients.

What is the salary of a tax consultant?

The average salary of a tax consultan is ₹ 3,72,540 per year. However, this figure can vary drastically based on your company and location. The average salary of tax consultants in Delhi is ₹ 10,22,437 per year. Similarly, the  is ₹ 5,31,078 per year.

Is tax consultancy a good career?

Being a tax consultant gives you the necessary skills and knowledge to make wise financial decisions. The role of a tax consultant is a highly coveted one, and they usually earn a high salary, which grows with their skills and experience. Tax consultants also have the choice to work independently, for the government or the private sector. This flexibility, along with high career growth prospects, is the reason many people become tax consultants after studying non-commerce subjects.

How do I start a tax consultancy business?

Here is how to set up your own tax consultancy practice:

Get your paperwork in order

Before you start working as a tax consultant, make sure that your licences and paperwork are complete. Only qualified and certified individuals have the authority to act as tax consultants and offer advisory on tax-related matters. Being a licensed tax consultant also inspires confidence from your clients and helps build trust, which is essential in this sector.

Set up an office and create brand assets

Create a physical workplace for yourself, and decide your company's name, logo, identity and other brand assets. Register the company and the details of the ownership with the government and open a current account to facilitate transactions. Register your business at the GST portal to pay your business taxes.

Advertise in your networks

While studying to become a tax consultant or during your professional experience, you are likely to have come in contact with people who are in the same profession. Reach out to them and ask them to refer clients to you. Also, advertise your new business and service offerings in your personal and social network. Remember, tax consultancy is a service almost everyone requires, so it may not take very long to get your first few clients.

Provide exceptional client service

One of the best ways to retain existing clients is by offering them unparalleled service. File returns on time, respond to their queries, explain the significance of certain financial decisions and commit to their success. Try to help your clients proactively and they may refer their acquaintances to your business.

Please note that none of the companies mentioned in this article are affiliated with Indeed.

Salary figures reflect data listed on Indeed Salaries at time of writing. Salaries may vary depending on the hiring organisation and a candidate's experience, academic background and location.

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Saturday, 17 June 2023

अगर आपके बैंक खाते में होती है ऐसी ट्रांसजेक्शन, तो आ सकता है इनकम टैक्स का नोटिस

आज का समय ऑनलाइन बैंकिंग का समय है और बहुत से लोगो को ये तरीका आसान तो लगता है लेकिन इसके कुछ नुकसान भी है जो आपको मुसीबत में डाल सकते है बैंक की ट्रांजेक्शन से जुड़े नियम आपको जानना जरुरी है नहीं तो आप इनकम टैक्स के दायरे में आ सकते है और आपको नोटिस जारी किया जा सकता है अगर आप इनकम टैक्स के नोटिस से बचना चाहते है तो आपको पता होना जरुरी है की कौनसी ट्रांजेक्शन पर इनकम टैक्स आपको नोटिस भेज सकता है आइये जानते है इनके बारे में

शेयर, म्यूच्यूअल फंड्स में निवेश
अगर आपको म्यूच्यूअल फण्ड, शेयर मार्किट या बांड खरीदना है और आप इसमें अधिक मात्रा में इन्वेस्ट करते है या कैश का इस्तेमाल करते है तो आपको इनकम टैक्स डिपार्टमेंट से नोटिस जारी हो सकता है यदि दस लाख रु से अधिक का ट्रांसजेक्शन होता है तो इसकी जानकारी पैन कार्ड के जरिये इनकम टैक्स विभाग तक जाएगी और आपसे इसके बारे में पूर्ण जानकारी मांगी जा सकती है

क्रेडिट कार्ड से बिल्स भुगतान
यदि आपके पास क्रेडिट कार्ड है और इसमें आपका बिल एक लाख रु से अधिक हो जाता है और इसको आप कैश में पेमेंट करके भुगतान करते है तो आपको इनकम टैक्स डिपार्टमेंट की तरफ से इनकम सोर्स की जानकारी मांगी जा सकती है या फिर आप एक वर्ष में दस लाख रु तक का भुगतान किसी भी तरीके से करते है तो इनकम टैक्स आपसे जवाब मांग सकता है की इतने पैसे कहा से आये है


प्रॉपर्टी निवेश
यदि आपने कोई जमीन या कोई प्रॉपर्टी खरीदी है और उसकी वैल्यू 30 लाख रु से अधिक का आप ट्रांससेशन करते है तो आपको इनकम टैक्स की तरफ से नोटिस जारी हो सकता है क्योकि जहा पर आप प्रॉपर्टी का रजिस्ट्रेशन करवाते है तो प्रॉपर्टी रजिस्टर इसकी जानकारी इनकम टैक्स को देगा और आपको नोटिस जारी हो सकता है

फिक्स डिपाजिट
यदि आप एक वित् वर्ष के दौरान दस लाख रु से अधिक पैसे जमा करते है फिक्स्ड डिपाजिट में तो इसके बारे में बैंक की तरफ से आपके पैन कार्ड के जरिये इनकम टैक्स डिपार्टमेंट को जानकारी मिल जाती है और आपसे सवाल पूछे जा सकते है

कैश जमा करना
यदि आपके खाते में सालाना दस लाख रु से अधिक कैश जमा होता है तो आपको इनकम टैक्स से नोटिस जारी हो सकता है और इनकम का सोर्स पूछा जा सकता है क्योकि इनकम डिपार्टमेंट की तय सीमा से अधिक कैश जमा होने के बाद आप टैक्स के दायरे में आ जाते है


LPG Cylinder Price : गैस सिलेंडर के दामों में कटौती, आम आदमी को राहत, भर भर के बनाओ अब रसोई में खाना
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Wednesday, 8 March 2023

The 5 Types of Online Shoppers and How to Get Them to Buy

Have you ever found yourself thinking that “any customer is better than no customer?” Whether you’re just starting a business or trying to grow an existing one, it’s tempting to see every customer you acquire as equally valuable. After all, a sale is a sale, right?

Not every customer is valuable.
Unfortunately, there’s a huge difference between one-time customers and repeat customers. While one-time shoppers boost sales in the moment, they’re often attracted by expensive ads and have no intention of making another purchase or engaging beyond their initial discount-driven transaction.

Repeat customers are committed to your brand. One-time shoppers are committed to finding deals.
Repeat customers, on the other hand, care about your brand and are willing to choose you over the competition because they’re motivated by what you stand for, not just what you sell. These customers are willing to create an account at your store which makes it easier for them to checkout in the future, securing your brand as their first choice every time they want to make another purchase.

So how do you get more one-time customers to become repeat customers? The trick is to understand the five most common types of online shoppers that could be visiting your store:

Discount seekers
Wandering customers
Impulse buyers
Need-based shoppers
Loyal customers
No two shoppers are exactly the same and each has a particular way they like to shop. With that in mind, let’s explore who each of these shoppers are and what you can do to turn them into valuable repeat customers.

Discount seekers are focused on the value they save
It’s not hard to understand why discount seekers aren’t valuable to your business. They shop around, searching multiple sites or stores trying to find the best price, and will always base their buying decisions on how much they can save. A whopping 67% of customers shop this way, with no loyalty to the brands they choose to make purchases with.

67% of customers shop by jumping from store to store, with no loyalty to any of them.
This transactional mindset is the polar opposite of a repeat customer, who’s interested in building an emotional relationship with your brand that extends beyond how much money they spend with you. As a result, they’re the least loyal type of customer and are least likely to make a repeat purchase.

Encourage repeat purchases by showing them the benefits
Luckily, this type of online customer isn’t as common as you may think. Customers that care exclusively about prices are actually quite rare, and can be persuaded to revisit your store by moving their attention to other aspects of their purchase decision.

Emphasize the benefits of your products to shift the focus away from direct price or feature comparison.
An effective and easy way to do this is by showcasing the benefits of your products — not the features. When you start simply listing features, you make it easier for price sensitive customers to compare your offerings to your competitors’. By highlighting the benefits, you shift the focus from what you do compared to your competitors and emphasize what sets your products apart.

oVertone product benefits
oVertone does this beautifully. For every one of their color conditioners, they show off what the product can do for you first. Whether that’s how quickly it starts to work or how much hydration it can give your hair, customers can quickly see that choosing any of their products will improve their hair’s health and vibrancy. From there, they also show their product in action with user-generated content alongside a link to more specific product details.

This hierarchy of information increases the chances that a discount seeker will see and understand the benefits of shopping with them over a competitor. oVertone makes it easier than ever for a customer to self-select the products that speak to their needs, increasing the chances of these customers making their first purchase and being more willing to think of them first in the future.

Wandering shoppers spend a little and cost a lot
If discount seekers are the least loyal type of online customer, wandering shoppers are right behind. With no idea what they want to buy but a desire to make purchases quickly, these customers are easily lost because they simply enjoy the experience of shopping.

Wandering shoppers make up the largest percentage of your traffic but spend the least amount of money at your store.
This behavior means that they make up the largest percentage of your traffic but the smallest percentage of sales revenue. In other words, they cost a lot to acquire with virtually nothing in it for you — unless you know how to grab their attention!

Make purchases convenient with a simple checkout process
Even though you don’t want to waste much time trying to attract this type of customer, there are things you can do to increase the chances they buy from you and not someone else. Ultimately wandering shoppers are all about convenience, which means the biggest obstacle on your site is the checkout. Slow load times, too many steps, and onerous forms are all ways to complicate the process and ensure they jump ship.

Knowing many wandering shoppers are likely to find them through a quick Google search, RIPT Apparel put a lot of work into streamlining their checkout process. After adding an item to their cart, customers are able to quickly calculate their shipping costs and confirm payment options before completing the checkout process.

These tactics help reduce general cart abandonment and improve their conversion rates as more wandering shoppers can quickly explore their products and checkout. This positive experience will go a long way to persuade customers to shop with them again, proving that not all customers who wander stay lost.

Impulse buyers want to stay informed
Similar to wandering shoppers, impulse buyers don’t have a specific product in mind when they shop. Instead, they simply make purchases when it sounds or feels like a good idea.

With this mentality, impulse buyers are often obsessed with having the latest product. They’re the ones that will replace a perfectly good product with another simply because it is more up to date or trendier. This makes impulse buyers particularly prone to shopping in industries that are rapidly changing, such as fashion, beauty, and technology.

Impulse shoppers are receptive to recommendations and are always looking for their next exciting purchase.
This means that they’re incredibly easy to upsell to and are very receptive to recommendations. With a desire to buy “when the time is right,” they love to hear about new products and like to be in the know of what’s new and exciting from the brands they love. The trick is making sure you’re able to keep them informed and, subsequently, interested in your brand.

Keep your brand top of mind by encouraging them to subscribe to your newsletter
This type of online shopper can be very profitable if you can keep them informed, which means you need to find a way to keep them in the loop. Offering a valuable reason to subscribe to your newsletter is a fantastic way to ensure these impulsive customers always know what’s going on. By creating an account, they can be added to your ongoing email marketing campaigns and receive regular updates on what you’re up to.

Steelseries newsletter and social CTA
With a wide range of high-end tech at the core of their brand, Steelseries understands that impulsive shoppers are looking for the next opportunity to buy something cool. This understanding of who their customers are prompted them to put clear calls-to-action at the footer of every page of their website, inviting customers to stay connected between purchases through social media or their newsletter. To sweeten the deal, they also offer 10% off their first order, making it a lot harder for customers to say no.

This small incentive packs a powerful punch, especially when combined with the regularity of both their email and social content. Through each of these channels, Steelseries is making it easy for impulsive shoppers to see the value of engaging with them and lays the groundwork for not only their first purchase but the inevitability of additional purchases in the future.

Need-based customers don't want to make the wrong decision
While impulse shoppers don’t have a particular product in mind when they visit your store, need-based customers are on the hunt for something very specific. As a result, they’re a lot harder to upsell. Having done a lot of research on the products they’re looking for, they’re the type of customer most likely to compare products across sites and are terrified of making an uninformed decision.

Emotional connections are the key to building trust with customers afraid of choosing the wrong product.
This makes the relationship they have with your brand (or the one they can develop with you) incredibly powerful. Without a strong emotional connection to your brand, need-based customers are less likely to believe that you can actually help them solve their problem. Without that trust, one purchase (let alone repeat ones) are very unlikely.

Make yourself the expert with value-add marketing
Since need-based shoppers want to ensure they’re buying only the best-suited product for their needs, they’ll undertake extensive research missions in search of expert advice. They’ll compare specs, comb through feature lists, and look for every possible piece of information that could indicate your brand is better equipped to help them than someone else.

This commitment to educating themselves is what makes value-add marketing the perfect tool for turning one purchase into repeat purchases. By investing in content like a blog, video tutorials, or webinars, you help every customer acquire the knowledge and relevant resources they need to help them get started with your products and to feel confident in your expertise.

Glow Recipe Glowipedia
Glow Recipe took this strategy to the limit with their Glow Edit blog and Glowipedia skincare tutorial portal. Covering everything from beauty routine tutorials to the science behind healthy skin, these resources are both extremely relevant to their products and the customers they’re hoping to sell to. By helping customers get started with a variety of forms of content, they make it easy for new and returning shoppers alike to understand the value of choosing them over someone else, building trust that pays off in dividends and repeat purchases.

How to Create a Content Marketing Strategy That Helps You Acquire New Customers
When you create a content marketing strategy, you're not only able to acquire new customers but also engage and retain them!

Kirsten Burkard

Loyal customers
Even though loyal customers might be listed last, they are far from least important. Quite the opposite, actually, since loyal customers are the driving force behind not only repeat purchases but also your brand’s overall success and longevity.

Loyal customers are more likely to make repeat purchases because they genuinely care about your brand.
While they might make up the minority of your customer base, they generate a significant portion of your sales and are more likely to recommend your brand to other people. This is because they want to be involved with you outside of simply making purchases.

These types of shoppers are common in industries where high value is placed on feeling exclusive and unique, such as fashion, beauty, and luxury goods.

What Kind of Loyalty Do Your Customers Have?
Whether you realize it or not, there's more than one type of customer loyalty. Find out what kind of loyalty your customers have, which kind is the most effective, and how to generate more loyalty just like it.

Kirsten Burkard

Make every loyal customer feel special with a VIP program
For your loyal customers, it’s all about the experience. They aren’t looking for items based on price or features — they’re looking to buy from brands that make them feel elite. They want to feel like they are a part of something, not like just another customer.

A VIP loyalty program is the best way to cater to this particular need. With VIP tiers, you offer every customer the chance to become a member of an exclusive group of shoppers who get extra benefits. These benefits could include things like special discounts, free products, or even invitations to exclusive events.

SHEFIT Sisterhood VIP program
SHEFIT has built a four tiered VIP program that gives their best customers early access to sales, early access to new products, gifts, and the chance to be featured in product photoshoots. This extensive array of rewards is not only in line with what their target customers value, but also reflects the nature of their products and brands.

This type of program draws their most loyal customers deeper into their brand story and creates a desire for more first-time customers to pursue these experiences as well. With additional value available at every stage in their customer journey, SHEFIT has made repeat purchases simply irresistible.

The Expert's Guide to VIP Program Strategy
Understanding the different types of shoppers is the key to encouraging purchases
When you understand the difference between valuable and not valuable types of customers, you’re in a much better position to deliver a brand experience that generates more repeat purchases.

Once you have an idea of which shoppers are visiting your site, you can begin to tailor your marketing efforts to not only encourage them to not only buy, but also to buy in the future. A marketing strategy built around customer retention is one that’s built to last, and know which types of customers will help you grow over time is the sturdy foundation you need to succeed.
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Wednesday, 30 November 2022

RBI Retail Digital rupee launching tomorrow, December 1: Check full list of banks offering digital wallet transactionThe e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks.

New Delhi: A month after Reserve Bank of India (RBI) had started a pilot in the digital rupee - wholesale segment on November 1, the central bank will launch the first pilot for retail digital rupee (e₹-R) in four Indian cities --Mumbai, New Delhi, Bengaluru and Bhubaneswar -- tomorrow (Thursday, December 1). RBI will later expand it to nine more cities in the initial phase.

The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks. 

Users will be able to transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones / devices. Transactions can be both Person to Person (P2P) and Person to Merchant (P2M). 

Payments to merchants can be made using QR codes displayed at merchant locations. The e₹-R would offer features of physical cash like trust, safety and settlement finality. As in the case of cash, it will not earn any interest and can be converted to other forms of money, like deposits with banks.

Here is the full list of banks offering digital wallet transaction for e₹-R

Eight banks have been identified for phase-wise participation in this pilot. The first phase will begin with four banks, viz., State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. Four more banks, viz., Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will join this pilot subsequently. The pilot would initially cover four cities, viz., Mumbai, New Delhi, Bengaluru and Bhubaneswar and later extend to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla. The scope of pilot may be expanded gradually to include more banks, users and locations as needed, said RBI.

The Central Bank further added that the pilot will test the robustness of the entire process of digital rupee creation, distribution and retail usage in real time. Different features and applications of the e₹-R token and architecture will be tested in future pilots, based on the learnings from this pilot.

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