RBI announces launch of first pilot for retail digital rupee - Shahpur Turk CSC - Common Service Centre in Sonipat RBI announces launch of first pilot for retail digital rupee

04 December 2022

RBI announces launch of first pilot for retail digital rupee

The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.

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