RBI to pilot digital rupee for retail use from December 1

November 29, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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RBI has said that the retail digital rupee (e-R) pilot will launch on December 1 with four banks – State Bank of India, ICICI Bank, IDFC First Bank and Yes Bank. The project will be run in Mumbai, New Delhi, Bengaluru, and Bhubaneswar. The digital rupee is the RBI’s digital currency, which the central bank launched earlier this month for wholesale transactions in government securities.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

RBI to pilot digital rupee for retail use from December 1

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