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