RBI Reports 10.7% Surge in Digital Payments Index to 493.22 in March 2025 Reflecting Robust Infrastructure and Performance Growth.

Banking & Finance

In July 2025, the Reserve Bank of India (RBI) released its latest RBI-Digital Payments Index (RBI-DPI) data showing a 10.7% year-on-year rise to 493.22 in March 2025, up from 445.50 in March 2024. This semi-annual index reflects the extent of digital payments adoption and infrastructure advancement in India.


      - The RBI-Digital Payments Index (RBI-DPI) saw a substantial growth of 10.7% over the year, rising to 493.22 in March 2025 from 445.50 in March 2024, and also showing improvement from 465.33 in September 2024. This consistent rise highlights growing digital payment penetration and transaction volumes across the country.

      - The surge in the index was majorly driven by two key components—Payment Infrastructure-Supply-Side and Payment Performance. The improved availability of payment acceptance devices, digital banking services, and efficient payment processing systems contributed significantly to this growth.

      - The RBI-DPI was first launched in 2021 by the Reserve Bank of India as a composite measure to track the adoption and reach of digital payments. It serves as a crucial tool for assessing the progress of India’s digital economy initiatives and financial technology expansion.

Main Point :-   (i) The Digital Payments Index is published twice a year—covering the months of March and September—and uses March 2018 as its base period, which is indexed at a value of 100. This baseline helps in understanding the growth trajectory and systemic improvements over time.

      (ii) RBI-DPI comprises five carefully structured components: Payment Enablers (25%), Payment Infrastructure-Demand-Side (10%), Payment Infrastructure-Supply-Side (15%), Payment Performance (45%), and Consumer Centricity (5%). These parameters ensure a holistic assessment of the digital payment ecosystem.

(iii) India has experienced a remarkable rise in digital transactions, with over 65,000 crore transactions valued at more than Rs. 12,000 lakh crore (Rs. 120 trillion) recorded during the Financial Year 2024–25. This reflects growing trust in digital platforms and sustained government initiatives promoting cashless payments.
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Governor : Sanjay Malhotra
Headquarter : Mumbai
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