What is RBI's e-Rupee?

Published By Aman Gupta | 10 Oct, 2022
E-Rupee or Central Bank Digital Currency (CBDC) is a digital form of currency notes issued by a central bank

RBI to soon start pilot launch of e-rupee for specific use cases
The Government had announced the launch of the Digital Rupee from fiscal year 2022-23 onwards in the Union Budget on February 1, 2022
CBDC can be classified into two broad types - general purpose or retail (CBDC-R) and wholesale (CBDC-W)
Retail CBDC would be potentially available for use by all and while wholesale CBDC is designed for restricted access to select financial institutions