What is RBI's e-Rupee?

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