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PAYMENT AND SETTLEMENT SYSTEMS

Payment and settlement systems play an important role in improving overall economic efficiency. They consist of all the diverse arrangements that we use to systematically transfer money-currency, paper instruments such as cheques, and various electronic channels.

Press Release


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Date : Jul 26, 2024
RBI – Digital Payments Index for March 2024

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 March 2024 stands at 445.50 as against 418.77 for September 2023.

The RBI-DPI index has increased across all parameters driven by significant growth in payment performance and payment infrastructure 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
March 2024 445.50

(Puneet Pancholy)  
Chief General Manager

Press Release: 2024-2025/774


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