RBI's Pilot Retail Digital Rupee Launches on Dec 1

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.

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

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

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

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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.

CBDC & Latest Developments

Click below to read more about RBI's Digital Rupee