Which of the following points are ‘Incorrect’ with respect to the ‘Digital Rupee – Retail segment (e₹-R)’, a Central Bank Digital Currency (CBDC) as of December 2022?

A) RBI launched its pilot on retail digital currency/ rupee e₹-R in Four Cities, Mumbai  (Maharashtra), New Delhi (Delhi), Bengaluru (Karnataka), and Bhubaneswar (Odisha).

B) In this regard, RBI issued Rs 1.30 crore to four banks i.e State Bank of India, ICICI Bank, Axis  Bank, and HDFC Bank participating banks based on their indents in the first phase.

C) e₹-R can provide access to safe money for payment and settlement as it is a direct liability of the RBI.