RBI Digital Payments Index: Scope of digital payments increased in the country, increase of 10.94% in one year
RBI Digital Payments Index: In the year before September 2023, digital payments in the nation increased by 10.94%. This data was obtained from the RBI index, which tracks online transactions. By the end of September 2023, the RBI's digital payments index was 418.77, up from 377.46 in September 2022. In contrast, this index was 395.57 in March 2023. The RBI reported that the index has risen for all parameters.
Muskan 
In the year preceding September 2023, digital payments in the nation increased by 10.94%. This data was obtained from the RBI index, which tracks online transactions.
RBI's digital payments index stood at 418.77 at the end of September 2023, while it stood at 377.46 in September 2022. Whereas, in March 2023 this index was at 395.57. RBI said the index has increased across all parameters.
The RBI-DPI index has increased across all parameters, according to a statement released by the Reserve Bank of India (RBI) on Wednesday. According to the RBI, payments have increased, particularly nationwide.
In March 2018, the central bank declared that a composite index would be created to evaluate the level of payment digitization throughout the nation. This includes five broad measures that are designed to gather data on digital payments across the nation at various points in time.
These reports will be released starting in March 2021. These are released four months in advance, on a half-yearly basis beginning in March 2021.
