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Mumbai: The Reserve Bank of India (RBI) on Monday said it will commence pilot launches of digital rupee (e-rupee) for specific use cases from November 1.
As we move into a new era of digital money here are ten things you should know about the Digital Rupee.
The nine banks selected for digital rupee pilot projects are State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC.
The Reserve Bank of India will begin the first pilot in Digital Rupee - Retail segment (e₹-R) within a month, involving closed user groups comprising select merchants and customers.
The Reserve Bank of India (RBI) announced on Monday that from 1 November 2022 it will begin pilot launch of the digital rupee for specific use cases.