Digital Rupee has arrived for the common man, will be launched on December 1, know - how will you use it!

National Desk:
Reserve Bank of India (RBI) has announced the launch of Retail Digital Rupee (Digital Rupee) from December 1.  This will be the first pilot project for retail digital currency.  During the pilot, the entire process of manufacturing, distribution, and retail use of digital rupee will be tested.  Earlier, on November 1, the central bank launched the digital rupee for wholesale transactions.
This digital currency of the Reserve Bank has been named Central Bank Digital Currency (CBDC).  From December 1, its rollout will be done at selected locations in the country, in which everything from the customer to the merchant will be included.
e₹-R will be distributed through banks.  Person-to-person or person-to-merchant transactions can be done through digital wallets.  According to the Reserve Bank, users will be able to transact through digital rupees from digital wallets of banks stored in mobile phones or devices.  If you have to pay a shopkeeper in digital form, then it can be done through the QR codes displayed with the merchant.
Eight banks have been identified to participate in this pilot project.  But the first phase will start through State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country.  After this Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will be included in this pilot project.
The pilot project will initially cover four cities - Mumbai, New Delhi, Bengaluru and Bhubaneswar.  Then gradually it will expand to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla.