e-Rupee: RBI launches retail digital rupee e₹-R
The pilot launch of the Reserve Bank of India’s (RBI) retail digital currency, called the e-Rupee or digital rupee, became live on 1st December 2022. e-Rupee or digital rupee is the electronic form of sovereign currency called central bank digital currency (CBDC).
According to the Reserve Bank of India notifications issued on 7th October and 29th November 2022, RBI is piloting the retail digital rupee.
Table of ContentsWhat is retail e-Rupee?How is the retail e-Rupee?Who issues and manages the retail e-Rupee?What are the participating banks and cities for pilot launch of e-Rupee?Who can use retail e-Rupee?How to use e₹-R?Reasonable, secure, and more effortless payments for all