Exploring the Future: RBI’s release of a concept note on Central Bank Digital Currency (CBDC)


  • Mr. Pritam Kumar Student, National University of Study and Research in Law, Ranchi, Jharkhand, India.


This paper aims to provide a comprehensive examination of the Reserve Bank of India's (RBI) plan to establish the e-rupee as a Central Bank Digital Currency (CBDC). With regard to the financial ecosystem, monetary policy framework, privacy concerns, and practical applications, the study intends to explore a variety of aspects, including technological foundations, design complexities, and wide-ranging implications. Upon examining these facets, the paper aims to provide significant perspectives on the revolutionary possibilities, obstacles, and tactical ramifications of the e-rupee within the framework of India's developing digital banking environment. Furthermore, it seeks to shed light on the prospective legal and economic ramifications steaming from the incorporation of CBDC, elucidating potential future scenarios and implications. Also, It aims to present the future implication that may arise due to CBDC, both legal and economical. Ultimately, this study contributes to the ongoing dialogue surrounding CBDC, providing stakeholders and policymakers with a nuanced understanding of the opportunities and challenges associated with this paradigm shift in monetary transaction.