Oct 7, 2022 · The Reserve Bank of India has today released a Concept Note on Central Bank Digital Currency (CBDC) for India. The purpose behind the issue of this Concept Note is to create awareness about CBDCs in general and the planned features of the Digital Rupee (e₹), in …

Dec 12, 2022 · The Reserve Bank of India (RBI) has issued a concept note on Central Bank Digital Currency (CBDC) on October 7, 2022. The Note is accessible at RBI’s website (https://www.rbi.org.in/S cripts/PublicationReportDetails.aspx?UrlPage=&ID=1218).

As per recommendations of the internal Working Group (WG) set up by Reserve Bank in October 2020, RBI is exploring the option of implementation of account-based CBDC in Wholesale segment and token-based CBDC in Retail segment vide a graded approach.

RBI classified CBDC into retail CBDC that will be designed to complete individual financial needs and wholesale CBDC which will be traded between RBI, Public and Private sector banks for currency distribution purpose and economic stability.

Apr 5, 2024 · It is proposed to make CBDC-Retail accessible to a broader segment of users by enabling non-bank payment system operators to offer CBDC wallets. This will also facilitate testing of the resiliency of CBDC platform to handle multi-channel transactions.

Mar 6, 2025 · When it comes to CBDC, RBI seems to have taken Edward Hickson's 1840 moral song, 'Perseverance, Or Try Again', to heart: 'If at first you don't succeed, try, try, try again.' Launched in late 2022, commercial banks that made CBDC available through their apps and interoperable with the existing UPI framework hailed it as 'a revolutionary step towards digitalising India's economy'.

1 day ago · With the use of central bank digital currency (CBDC) remaining low, the Reserve Bank of India (RBI) is now exploring cash transfer schemes by state governments as a means to promote the digital ...

Feb 6, 2023 · The RBI issues only one digital currency on behalf of Government of India, Central Bank Digital Currency (CBDC), which is a liability of the Central Bank, the Minister stated. **** RM/PPG/KMN.

Feb 8, 2024 · The Reserve Bank of India (RBI) has stated that its Central Bank Digital Currency (CBDC) can be used offline in its RBI monetary policy meeting. Soon, offline transactions can be conducted using the RBI's Digital Rupee.

Aug 28, 2024 · RBI's new CBDC system aims to enhance global payment efficiency. Interoperability is a core feature of RBI's proposed CBDC framework. The Reserve Bank of India (RBI) has proposed developing a plug-and-play system for cross-border payments to enhance interoperability between countries.