RBI announces five banks to work on its digital currency pilot project in future

RBI is working well with the implementation of digital currency

There is news that RBI has selected 5 banks for this pilot project

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State Bank of India, ICICI Bank, IDFC First Bank and HDFC Bank are finalised

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According to the news few more banks may also be added in future

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The RBI is working on two fronts to test the central bank digital currency

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First one for the wholesale market, for which a pilot project is already underway

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The second one is for for retail

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Everyone is eagerly waiting for this great change in currency system.

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