Bank of India Goes Live with User-Level Programmable Digital Rupee and Auto Issuance on Its CBDC Platform

Key facts

• Bank of India has gone live with User-Level Programmable CBDC and Auto Issuance on its Central Bank Digital Currency (CBDC) platform, built by Montran India, announced in Mumbai on September 29, 2026.
• The capability was built in line with Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) guidelines.
• The feature lets a user schedule automatic issuance of digital rupee (e₹) to a beneficiary's CBDC wallet at a set amount and frequency, while defining the purpose the funds can be used for.
• Key capabilities include user-level programmability configurable by the account holder, auto issuance of a predefined amount at a set frequency, purpose-based usage controls, and full automation of recurring payments.
• The system supports allowances, education expenses and other recurring, purpose-bound payments, such as a parent crediting a child's e₹ wallet monthly for tuition and meals.
• Julie Esca is the Chief Executive Officer of Montran India, and Ashutosh Mishra is the General Manager & CTO of Bank of India.
• The launch comes as RBI extends digital rupee pilots into welfare disbursement and cross-border payments beyond the original wallet-to-wallet design.