Quick Summary
As announced in theStatement on Developmental and Regulatory Policiesas part of theSixth Bi-monthly Monetary Policy Statement for 2019-20 dated February 06, 2020, the Reserve Bank of India has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments acro
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The RBI-DPI is a composite index constructed by the Reserve Bank of India to measure the extent of digitisation of payments in the country.
The RBI-DPI comprises five broad parameters: Payment Enablers (25%), Payment Infrastructure – Demand-side factors (10%), Payment Infrastructure – Supply-side factors (15%), Payment Performance (45%), and Consumer Centricity (5%).
The RBI-DPI has been constructed with March 2018 as the base period, with a DPI score of 100 for that month.
The DPI score was 153.47 for March 2019 and 207.84 for March 2020, indicating substantial growth in digital payments.
Going forward, the RBI-DPI will be published on the RBI's website on a semi-annual basis from March 2021 onwards, with a four-month lag.
CAclubindia
