cbdc

The Minister said that the proposed cbdc-based model will gradually be operationalised at ration shops and integrated with banking systems, including private banks in the future.

India's economic horizon is looking promising, with the Reserve Bank of India forecasting a robust 6.9% GDP growth for the fiscal year 2026-27. Yet, challenges loom as global tensions, particularly in West Asia, and escalating energy costs could disrupt this trajectory. Inflation is predicted to rise slightly to 4.6%, while the RBI targets a steady 4%.

The Reserve Bank of India (RBI) has issued a concept note on Central Bank Digital Currency (cbdc) to raise awareness about it and explain the objectives, benefits, technology, and as well as risks involved. The country’s apex bank also indicated that it will soon start a pilot programme for specific use cases and gives an idea of what one can expect from the Digital Rupee. The Digital Rupee will, to an extent, mimic the characteristics of hard money (notes and coins). In this article, we list down all that’s important to know about the cbdc.

Budget 2023: In simple terms, cbdc is the existence of currency in digital form. For owning a digital rupee wallet and receiving payments, one doesn't need a bank account similar to cash.

Mumbai: Banks transacted in Rs 275-crore worth of government securities using central bank digital currency (cbdc) for the first time. On Tuesday, 48 G-Sec trades took place using cbdc. The deal settled in cbdc is understood to have taken place between IDFC First Bank and ICICI Bank. TNN

The e-rupee's circulation significantly increased to ₹1,016 crore by March 2025, according to the RBI's recent report. The central bank is actively exploring cross-border cbdc pilots to improve payment efficiency and transparency, with bilateral projects underway. The retail pilot now includes 17 banks and 60 lakh users, while the wholesale version expands with new participants.

In the pilot phase, RBI will issue the digital currency to each bank’s cbdc account at regular intervals and on demand, the bonds will settle in the SGL account with day end and pre-trade checks to ensure end-to-end operationalisation.

Being the digital form of fiat currency, cbdc may seem similar to its decentralized counterpart - Bitcoin. However, there’s a technological difference between the two. Though distributed ledger technology (DLT) forms the basis of both a cbdc and Bitcoin, permissioned identity makes the former different.

Mumbai, Dec 28 (PTI) India needs to initially go in for the basic model of central bank digital currency (cbdc) and use the payment system architecture as a backbone to make a state-of-the-art cbdc, the Reserve Bank said on Tuesday.

cbdcs enable instant and direct transactions between an Indian importer and an American exporter. The transaction is as final as if cash were exchanged, without relying on the US Federal Reserve system for settlement. Time zone differences no longer affect currency settlements, mitigating 'Herstatt' risk.

The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific use cases as it tests digital currency in India. "As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e-rupee, from time to time," the central bank said in a concept note on Central Bank Digital Currency (cbdc).

Finance Minister Nirmala Sitharaman has announced that the Reserve Bank of India (RBI) will launch a central bank digital currency (cbdc).

RBI governor Shaktikanta Das has said that there would be many challenges to widespread use of eRupee — the central bank digital currency (cbdc) — and they would have to be dealt with. The eRupee will, however, have the same anonymity feature that is available for cash payments.