Reserve Bank of India announces Digital Payments Index (RBI-DPI) for March 2021

Last updated: 29 July 2021

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The Reserve Bank of India (RBI) has released the Digital Payments Index (RBI-DPI) for March 2021. This index, with March 2018 as its base, measures the digitisation of payments nationwide. The index reached 270.59 in March 2021, showing a substantial increase from 207.84 in March 2020, indicating a rapid and widespread adoption of digital payments in India.

Reserve Bank of India

Reserve Bank of India announces Digital Payments Index (RBI-DPI) for March 2021

Date : Jul 28, 2021

The Reserve Bank had earlier announced construction of a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) with March 2018 as base to capture the extent of digitisation of payments across the country. The index for March 2021 stands at 270.59 as against 207.84 for March 2020, announced while launching the index on January 1, 2021.

The RBI-DPI index has demonstrated significant growth in the index representing the rapid adoption and deepening of digital payments across the country in recent years. 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

(Yogesh Dayal)
Chief General Manager

Press Release: 2021-2022/597

FAQ :

The RBI-DPI is a composite index constructed by the Reserve Bank of India to measure the extent of digital payment adoption across the country.

The base period for the RBI-DPI is March 2018, with an index value of 100.

The RBI-DPI for March 2021 was 270.59.

The RBI-DPI for March 2021 stood at 270.59, a significant increase from 207.84 recorded in March 2020.

The significant growth in the RBI-DPI indicates the rapid adoption and deepening of digital payments across India in recent years.

Notification No : PR : 2021-2022/597
Source : https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51962

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