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Banking - General Knowledge Questions
When was India's first digital rupee pilot project launched by RBI for the wholesale segment?
A)
October 29, 2022
B)
October 30, 2022
C)
October 31, 2022
D)
November 1, 2022

Correct Answer :   November 1, 2022

First Digital Rupee pilot project of India has been launched on November 1, 2022, by RBI for the wholesale segment.

Participated Banks : SBI, BoB, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC

CBDC can be classified into two types : Retail (CBDC-R) and Wholesale (CBDC-W)

* CBDC-R : It would be potentially available for use by all.

* CBDC-W : It is designed for restricted access to select financial institutions.

Source : Economic Times

Published On : November 1, 2022
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