India's Central Bank to Start Retail CBDC Pilot on December 1: All You Need to Know

The Reserve Bank of India (RBI) is set to revolutionize digital payments with the launch of its retail Central Bank Digital Currency (CBDC) pilot, the e-Rupee (e₹-R), on December 1st. This marks a significant step for India, placing it as one of the front runners in the global race to adopt digital currencies.

On Tuesday, India’s central bank The Reserve Bank of India (RBI) announced the launch date for the first pilot of the country’s retail Central Bank Digital currency (CBDC). Following the successful launch of its wholesale pilot for central bank digital currency, the Reserve Bank of India (RBI) said on Tuesday that it will commence with its retail pilot. The Reserve Bank of India will begin the pilot of its retail central bank digital currency (CBDC) on December 1. The pilot of the ‘e₹-R’ follows the launch of the pilot phase. The Reserve Bank of India (RBI) launched the first pilot of Digital Rupee- Retail segment (e₹-R) on Decem.

The Reserve Bank of India's first pilot for a retail e-rupee, its version of the central bank digital currency (CBDC), will be launched on Dec. 1, it said in a statement on Novem, the Reserve Bank has announced the launch of the first pilot for retail digital Rupee (e₹-R) on Decem. This was stated by the Union Minister of State.

The Reserve Bank of India (RBI) has announced its first retail digital Rupee pilot will commence on Decem. “The pilot will test the robustness of the entire system,” ensuring a secure and efficient digital currency experience for users.