RBI's model on India's digital currency could come out by 2021-end

In an interview with Business Standard, RBI governor, Shaktikanta Das, had said that CBDC is something that has implications on monetary and overall savings

The Reserve Bank of India (RBI) on Friday said it may come out with a model of central bank digital currency (CBDC) as early as the end of this year. 

Speaking at the post monetary policy press meet, deputy governor, T Rabi Sankar said, “We are internally evaluating issues such as the scope, technology, distribution mechanism, and validation mechanism, etc."

“These are extremely involving technology and business choices that one has to make. So, it will be difficult to pin a date on it (central bank digital currency) but we should be able to come out with a model in