e-Kuber is the Core Banking Solution of Reserve Bank of India. E-Kuber provides the provision
of a single current account for each bank across the country, with decentralised access to this
account from anywhere-anytime using portal based services in a safe manner.
e-Kuber enables ease of operations. The system also benefits state /central Governments as
users. Some of the facilities offered include the provision of portal based access which allows
Government departments to access on anywhere-anytime basis and view their balances – of all
types including the Ways and Means Advances, drawings, funds positions and the like – all in a consolidated manner so as to help them in better funds management. The capability of
consolidating revenue collections by banks through the e-Kuber offers the potential for better
flexibility for the Government in managing its finances apart from moving over towards higher
levels of electronic banking.
The e-kuber system can be accessed either through INFINET or Internet. The INFINET is a
Closed User Group Network for the exclusive use of member banks and financial institutions
and is the communication backbone for the National Payments System, which caters mainly to
inter-bank applications like Real Time Gross Settlement (RTGS), Delivery Vs Payment,
Government Transactions, Automatic Clearing House, etc.
The e-kuber system, implemented in 2012, is reported to be one of the foremost central bank
oriented Core Banking Systems in the world.
Auction of Government securities is done through e-kuber system. Sovereign Gold Bonds are
available for subscription at the branches of scheduled commercial banks and designated post
offices through RBI’s e-kuber system. Goods and Service Tax (GST) settlements are also
proposed to be done through e-kuber. On 7 April 2016, RBI launched a platform to enable
trading in the priority sector lending certificates (PSLC) through its Core Banking Solution (CBS)
portal (e-Kuber)