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Retail sandbox for digital currency
October 13 , 2025
14 hrs 0 min
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- The RBI launched a retail sandbox for its central bank digital currency.
- The digital currency is called the e-rupee and is part of the central bank digital currency (CBDC) pilot project.
- The retail CBDC pilot started on December 1, 2022, and has reached around 7 million users in India.
- The sandbox allows financial technology (fintech) firms to build and test solutions using the e-rupee.
- Tokenisation is being used to convert real bank deposits into digital tokens for secure and efficient transactions.
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