RBI launches Pilot for Retail Digital Rupee in Select Locations

The Pilot is being launched within a closed user group of participating retail customers and merchants.

The e-Rupee will be a digital token having same denominations as paper currency and coins.

Users can transact via e-rupee using a digital wallet stored on phones and offered by the participating banks

Retail e-rupee launch comes almost after a month of Wholesale digital rupee or CBDC-W.

Click below to read more about RBI's Digital Rupee