MUMBAI, Dec 1 (Reuters) - A month into India's pilot project for using an official digital rupee for inter-bank and institutional transactions, stakeholders are seeing no benefits, several bankers said. But in the initial trial banks have been using it for settlements with each other - with no particular advantage, according to bankers. Another issue is that, since e-rupee transactions do not wholly replace those using established procedures, they add to banks' accounting work. It would also offer a safer means of digital payment in retail use, the RBI said. UPI, an instant real-time consumer payments system that lets users transfer money between banks without disclosing account details, has been a factor in India's soaring digital payment volume.

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