Rbi To Launch Retail Digital Rupee On December 1 Know All Details About How To Use Digital Rupee And Pay | NewsBust Rbi To Launch Retail Digital Rupee On December 1 Know All Details About How To Use Digital Rupee And Pay | NewsBust

Business

Rbi To Launch Retail Digital Rupee On December 1 Know All Details About How To Use Digital Rupee And Pay

By Amit - November 29, 2022

feature img

The first pilot test of the wholesale segment of Digital Rupee took place on 1 November.

New Delhi:

The Reserve Bank of India (RBI) is going to launch Digital Rupee on 1 December. It will be released for retail use under pilot testing. In a statement released on Tuesday, the central bank has announced a pilot test for the retail use of digital currency. Eight public and private sector banks will be involved in this pilot test. Retail Digital Rupee will be in the form of a digital token. RBI said that on December 1, this test will be done at selected places in the Closed User Group (CUG). This will include both the customer and the bank merchant.

read this also

Prior to this, the central bank has done a pilot test of the wholesale segment of Digital Rupee. The first pilot test of the wholesale segment of the digital rupee took place on 1 November.

Central Bank Digital Currency (CBDC) will be issued by RBI in the same denomination in which paper currency and coins are issued. This test will be done in Delhi, Mumbai, Bangalore and Bhubaneswar.

(This news has not been edited by NewsBust India team. It is published directly from syndicate feed.)

Featured Video Of The Day

Are chemical hair straighteners safe, know why women reached the court?

Amit

Related Stories

Latest Article

Business

Budget 2023: Multiple Benefits Announced For The New Income Tax Regime

Updated February 2023

India

Income Tax Benefit For Startup Budget 2023 To Give Lot Of Support To Indian Startup Ecosystem Says Piyush Goyal

Updated February 2023

Education

GATE exam will be held by IIT Kanpur from February 4 to 12, click here to know the issued guidelines. GATE exam will be held by IIT Kanpur from February 4 to 12, click here to know the issued guidelines

Updated February 2023

Business

Today reached 58 thousand 689 rupees per 10 grams, silver also crossed 71 thousand. Gold Silver Price 2 February Update; gold and silver rate per gram what is in india mumbai delhi

Updated February 2023

Sports

Said – Bad times have passed, now you prepare, Punjab has to be brought number one in sports. Bhagwant Mann CM Punjab | Punjab CM Bhagwant Mann Job Hockey player Paramjeet Kumar Struggle Story | Faridkot News

Updated February 2023

Sports

Shubman said – Pandya had asked to play natural game, Hardik said – always listen to the mind on the field. Shubman Gill Century Hardik Pandya; India Vs New Zealand T20 Ahmedabad

Updated February 2023

India

Man Was Sitting In The Salon Suddenly A Car Entered Inside The Shop Then What Happened Next Will Shock You See Viral Video

Updated February 2023

India

Kerala Journalist Siddique Kappan Released From Jail In Uttar Pradesh After Two Years

Updated February 2023

Business

From farming to start-ups, the attention of the youth… but the education budget remains unturned. From farming to start-ups, the attention of the youth…but nothing remains in the education budget

Updated February 2023

Business

Stock Market Opening Today Live Updates Share Market Opened Lower On February 2 Sensex Down 248 Points Nifty Around 17520

Updated February 2023

Travel

Mandarin Oriental Signs Resort in Punta Negra, Mallorca

Updated February 2023

Travel

Steven Howard Outlines Travel News Asia’s Video and Podcast Plans for 2023

Updated February 2023

Education

Identify the strength and weakness… Adapt according to the syllabus of the exam. Identify your strength and weakness…Adapt according to the syllabus of the exam

Updated February 2023

India

Government will present motion of thanks on President’s address, opposition may create ruckus on inflation-unemployment. Budget Session 2023; Lok Sabha, Rajya Sabha, Government Present motion of thanks on President’s address; opposition ruckus on inflation-unemployment

Updated February 2023

Education

10th pass candidates up to the age of 24 years will be able to apply. 10th pass candidates up to the age of 24 years can apply Indian railway

Updated February 2023