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RBI-Digital Payments Index for September 2023

The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for September 2023 stands at 418.77 as against 395.57 for March 2023, which was announced on July 27, 2023.

The RBI-DPI index has increased across all parameters and was driven particularly by growth in payment enablers, payment performance and consumer centricity across the country over the period.

The index series since its inception is as under:

Period

RBI - DPI Index

March 2018 (Base)

100

March 2019

153.47

September 2019

173.49

March 2020

207.84

September 2020

217.74

March 2021

270.59

September 2021

304.06

March 2022

349.30

September 2022

377.46

March 2023

395.57

September 2023

418.77

(Yogesh Dayal)       
Chief General Manager

Press Release: 2023-2024/1777

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