{
 "meta": {
  "dossier": "payments",
  "source": "Reserve Bank of India, Payment System Indicators (via DBIE)",
  "vintage": "2026-10-10",
  "mock": false,
  "geo": "IND",
  "releaseDate": null,
  "revisionPolicy": "Monthly figures are provisional when first printed and may be revised in later Bulletins; the RBI re-organised the table in November 2019, and the two layouts are kept apart.",
  "latestPeriod": "2026-07",
  "frequency": "monthly",
  "base": "re-organised table (from November 2019)",
  "unit": "pct_yoy",
  "coverage": "The RBI's own printed year-on-year growth of IMPS, NACH credit, NEFT and UPI, number and value, each month since May 2022",
  "note": "RBI Weekly Statistical Supplement, payment systems (DBIE RBIB43), from the Data Bank's parsed dataset rbi_dbie_payment_system_indicators, the latest retrieval of each month. Published growth rates, kept as printed; validate checks them against growth computed from report 612's levels."
 },
 "dates": [
  "2022-05-01",
  "2022-06-01",
  "2022-07-01",
  "2022-08-01",
  "2022-09-01",
  "2022-10-01",
  "2022-11-01",
  "2022-12-01",
  "2023-01-01",
  "2023-02-01",
  "2023-03-01",
  "2023-04-01",
  "2023-05-01",
  "2023-06-01",
  "2023-07-01",
  "2023-08-01",
  "2023-09-01",
  "2023-10-01",
  "2023-11-01",
  "2023-12-01",
  "2024-01-01",
  "2024-02-01",
  "2024-03-01",
  "2024-04-01",
  "2024-05-01",
  "2024-06-01",
  "2024-07-01",
  "2024-08-01",
  "2024-09-01",
  "2024-10-01",
  "2024-11-01",
  "2024-12-01",
  "2025-01-01",
  "2025-02-01",
  "2025-03-01",
  "2025-04-01",
  "2025-05-01",
  "2025-06-01",
  "2025-07-01",
  "2025-08-01",
  "2025-09-01",
  "2025-10-01",
  "2025-11-01",
  "2025-12-01",
  "2026-01-01",
  "2026-02-01",
  "2026-03-01",
  "2026-04-01",
  "2026-05-01",
  "2026-06-01",
  "2026-07-01"
 ],
 "series": {
  "imps_volume_yoy": {
   "name": "imps_volume_yoy_pct",
   "label": "IMPS (immediate payment service), number of transactions, growth on a year earlier (as printed by the RBI)",
   "unit": "pct_yoy",
   "group": "Credit transfers",
   "color": "#878D99",
   "data": [
    73.23,
    49.98,
    30.75,
    22.96,
    20.1,
    12.02,
    12.49,
    9.67,
    7.8,
    6.39,
    1.03,
    5.12,
    3.45,
    2.72,
    6.27,
    4.77,
    2.31,
    2.16,
    1.92,
    2.67,
    7.23,
    19.39,
    16.81,
    11.01,
    11.2,
    10.39,
    0.12,
    -7.32,
    -9.08,
    -5.29,
    -13.65,
    -11.55,
    -12.69,
    -24.28,
    -20.49,
    -18.37,
    -16.86,
    -13.28,
    -1.65,
    5.28,
    -8.27,
    -13.55,
    -9.56,
    -13.88,
    -15.8,
    -16.98,
    -20.79,
    -19.31,
    -22.77,
    -21.02,
    -24.44
   ]
  },
  "imps_value_yoy": {
   "name": "imps_value_yoy_pct",
   "label": "IMPS (immediate payment service), value, growth on a year earlier (as printed by the RBI)",
   "unit": "pct_yoy",
   "group": "Credit transfers",
   "color": "#878D99",
   "data": [
    69.86,
    56.2,
    42.8,
    39.28,
    40.22,
    25.73,
    24.68,
    22.74,
    23.38,
    21.92,
    18.16,
    17.18,
    16.63,
    12.78,
    15.25,
    15.31,
    11.67,
    15.48,
    17.67,
    17.18,
    18.6,
    21.22,
    16.2,
    13.67,
    14.9,
    15.45,
    15.78,
    12.37,
    11.38,
    16.93,
    4.36,
    5.51,
    7.08,
    -0.88,
    5.22,
    4.96,
    5.72,
    4.94,
    6.45,
    3.4,
    5.59,
    2,
    10.18,
    10.12,
    10.98,
    14.1,
    10.84,
    12.75,
    8.56,
    11.58,
    12.72
   ]
  },
  "nach_cr_volume_yoy": {
   "name": "nach_cr_volume_yoy_pct",
   "label": "NACH credit (bulk payouts: salaries, dividends, pensions), number of transactions, growth on a year earlier (as printed by the RBI)",
   "unit": "pct_yoy",
   "group": "Credit transfers",
   "color": "#878D99",
   "data": [
    -3.85,
    -0.54,
    61.14,
    -6.55,
    39.2,
    -12.36,
    -0.59,
    2.17,
    -34.05,
    -1.24,
    7.5,
    -24.09,
    -31.59,
    -13.09,
    -30.12,
    -16.11,
    -7.24,
    -12.1,
    0.49,
    -13.51,
    -29.99,
    -0.84,
    -7.85,
    -4.49,
    -12.47,
    1.25,
    11.83,
    -5.69,
    9.59,
    14.44,
    4.18,
    0.38,
    37.62,
    1.88,
    2.91,
    24.56,
    15.72,
    1.13,
    10.07,
    20.82,
    11.61,
    18.62,
    17.55,
    -5.72,
    -4.27,
    11.04,
    -16.09,
    -14.12,
    -40.45,
    -10.08,
    -26.5
   ]
  },
  "nach_cr_value_yoy": {
   "name": "nach_cr_value_yoy_pct",
   "label": "NACH credit (bulk payouts: salaries, dividends, pensions), value, growth on a year earlier (as printed by the RBI)",
   "unit": "pct_yoy",
   "group": "Credit transfers",
   "color": "#878D99",
   "data": [
    -16.42,
    9.37,
    39.65,
    30.94,
    25.68,
    3.75,
    45.52,
    39.16,
    3.79,
    25.24,
    36.01,
    4.21,
    25.58,
    8.99,
    -7.93,
    0.1,
    -4.57,
    3.48,
    0.36,
    -18.54,
    -3.12,
    -5.79,
    -2.7,
    3.96,
    8.32,
    3.55,
    20.16,
    12.12,
    11.52,
    19.71,
    3.49,
    5.81,
    14.26,
    13.72,
    1.42,
    27.08,
    11.31,
    17.82,
    8.07,
    16.41,
    22.65,
    4.87,
    10.74,
    24.4,
    10.9,
    17.1,
    2.99,
    8.3,
    4.92,
    27.01,
    23.88
   ]
  },
  "neft_volume_yoy": {
   "name": "neft_volume_yoy_pct",
   "label": "NEFT, number of transactions, growth on a year earlier (as printed by the RBI)",
   "unit": "pct_yoy",
   "group": "Credit transfers",
   "color": "#878D99",
   "data": [
    48.65,
    37.6,
    26.76,
    29.45,
    28.96,
    27.86,
    29.3,
    29,
    32.22,
    28.71,
    26.77,
    29.1,
    28.41,
    26.72,
    36.29,
    35.64,
    29.21,
    38.16,
    45.71,
    37.47,
    43.44,
    47.34,
    45.16,
    45.9,
    52.51,
    43.36,
    46.18,
    41.25,
    41.28,
    45.43,
    21.51,
    24.47,
    24.48,
    11.01,
    13.48,
    9.2,
    10.01,
    8.39,
    6.17,
    3.83,
    6.25,
    -4.27,
    5.22,
    5.66,
    1.82,
    6.2,
    4.23,
    8.36,
    3.42,
    8.36,
    5.53
   ]
  },
  "neft_value_yoy": {
   "name": "neft_value_yoy_pct",
   "label": "NEFT, value, growth on a year earlier (as printed by the RBI)",
   "unit": "pct_yoy",
   "group": "Credit transfers",
   "color": "#878D99",
   "data": [
    39.98,
    29.47,
    19.19,
    19.09,
    20.8,
    10.11,
    17.99,
    9.42,
    15.04,
    12.07,
    7.39,
    10.5,
    18.82,
    11.91,
    16.06,
    19.11,
    6.95,
    19.63,
    17.49,
    12.98,
    19.83,
    25.06,
    15.2,
    17,
    14.26,
    9.61,
    20.1,
    14.55,
    15.09,
    27.3,
    5.37,
    13.24,
    14.28,
    1.98,
    12.35,
    20.64,
    9.69,
    13.01,
    9.06,
    5.42,
    18.55,
    2.92,
    13.41,
    14.73,
    12.51,
    20.09,
    16.63,
    13.53,
    11.59,
    18.3,
    16.7
   ]
  },
  "upi_volume_yoy": {
   "name": "upi_volume_yoy_pct",
   "label": "UPI, number of transactions, growth on a year earlier (as printed by the RBI)",
   "unit": "pct_yoy",
   "group": "Credit transfers",
   "color": "#2E4BD8",
   "data": [
    135.11,
    108.83,
    93.79,
    85.12,
    85.48,
    73.18,
    74.6,
    71.45,
    74.1,
    66.42,
    60.05,
    58.71,
    58.34,
    59.22,
    58.43,
    60.84,
    55.67,
    56.17,
    53.71,
    53.54,
    51.81,
    60.62,
    55.35,
    50.1,
    49.08,
    48.74,
    44.87,
    41.35,
    42.5,
    45.37,
    37.8,
    39.18,
    39.28,
    33.08,
    36.17,
    34.5,
    33.07,
    32.48,
    34.86,
    33.72,
    30.53,
    24.82,
    32.2,
    29.32,
    27.7,
    26.62,
    23.71,
    24.89,
    24.22,
    23.49,
    21.52
   ]
  },
  "upi_value_yoy": {
   "name": "upi_value_yoy_pct",
   "label": "UPI, value, growth on a year earlier (as printed by the RBI)",
   "unit": "pct_yoy",
   "group": "Credit transfers",
   "color": "#2E4BD8",
   "data": [
    112.68,
    85.32,
    75.47,
    67.91,
    70.54,
    57.06,
    54.94,
    55.04,
    56.14,
    49.47,
    46.26,
    43.91,
    43.16,
    45.45,
    44.25,
    46.91,
    41.44,
    41.61,
    46.12,
    42.2,
    41.72,
    47.9,
    40.81,
    38.78,
    37.32,
    36.03,
    34.61,
    30.71,
    30.7,
    36.95,
    23.88,
    27.52,
    27.54,
    20.17,
    25.22,
    21.91,
    22.95,
    19.77,
    21.52,
    20.61,
    20.63,
    16.09,
    22.11,
    20.3,
    20.67,
    22.21,
    19.19,
    21.21,
    18.94,
    20.31,
    19.11
   ]
  }
 }
}