The Reserve Bank of India, in its annual report stated that during 2023-24, it aims at expanding the ongoing pilots in CBDC-Retail and CBDC-Wholesale by incorporating various use cases and features. The pilot in CBDC-Retail is proposed to be expanded to more locations and to include more participating banks. The report said: ?Taking forward digitisation efforts announced in the Union Budget 2022-23, the Reserve Bank introduced its Central Bank Digital Currency (CBDC) in phases during the year, with the launch of pilots for Digital Rupee (e`) in the wholesale and retail segments on November 1, 2022, and December 1, 2022, respectively. ?The pilots were preceded by the issuance of a 'Concept Note' on CBDC to create awareness about CBDCs in general and the planned features of e` in particular, the annual report added.

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