The Reserve Bank of India wants to use digital currency all over the country by the end of the year. However, multiple sources say the pilot program has already shown some problems. India held two CBDC trials in 2022 On November 1, nine financial institutions joined a CBDC wholesale initiative for the first time (CBDC-W). The second is a pilot program for CBDC stores (CBDC-R) that started on December 1 in Mumbai, New Delhi, Bangalore, and Bhubaneswar. The first four banks to join were the State Bank of India, the ICICI Bank, the Yes Bank, and the IDFC First Bank.