Central Bank Digital Currency (CBDC) will be issued by the central bank and will be a sovereign currency. It will be monetary policy aligned. \r2. It will be a liability in the balance sheet of the RBI. \r3. It will be accepted as a safe value store, payment medium, and legal tender by all government agencies, enterprises, and citizens. \r4. It will be free and fully convertible against bank cash and money commercially. \r5. You will not require a bank account, which will be a fungible legal tender. \r6. The central bank expects it to reduce money issuance and transaction costs.