Employees of Union Bank are unhappy to getting moneys in digital Currency

SYNOPSIS  : -

RBI Digital Currency : -

Union Bank of India wants to adopt Reserve Bank of India's digital rupee for the employee benefit schemes, to prepare CBDC wallet transactions among the staff members, the plan of bank the Credit allowance directly to their digital wallet, yet the resistance for some employees, giving the protest from the All India Union Bank employees Federation.  They may have consult to advocate  for management to context with the staff before liable these decision  upon them.

RBI PROMOTE  OF India's digital rupee : -

According to  RBI of India's the digital rupee, state itself  UNION  BANK OF INDIA is planning to send claims which is related to various employee benefit schemes  directly to the CENTRAL BANK DIGITAL CURRENCY (  CBDC ) wallet instead to employees' salary accounts. 

RBI wants to promote CBDC wallet transactions, banks have advisedto tell CBDC schemes  to all staff employes may be chose the digitalcurrency and to much confident that 100% staff will registration on digital rupee app. The bank told that in a communication to employees on December  26, in 2023.

The bank staff with the managements has decided to credit news paper allowance  directly to the CBDC wallet. The bank advised to all its employees  to register on the banks digital rupee app.