The RBI’s Digital Payment Index, which shows the deepening of payments through digital modes in India, rose by 39.64 per cent to 304.06 in September 2021 against 217.74 in the year-ago month. The RBI-DPI Index continues to demonstrate significant growth in adoption and deepening of digital payments across the country. RBI has introduced Digital Payments Index in January 2021 with March 2018 as the base year to capture the extent of digitisation of payments across the country. This means that the DPI score for March 2018 is set at 100.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
RBI has started publishing the Digital Payments Index (DPI) on a semi-annual basis from March 2021 onwards with a lag of 4 months. This means that the DPI will be released by RBI for March and September every year in the months of July and January respectively.
About the RBI-DPI:
The RBI-DPI comprises five broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods, viz. payment enablers (with 25 per cent weight), payment infrastructure—demand-side factors (10 per cent), payment infrastructure—supply-side factors (15 per cent), payment performance (45 per cent) and consumer centricity (5 per cent). These parameters have sub-parameters which, in turn, consist of various measurable indicators.
Important takeaways for all competitive exams:
RJ Mitte, the American actor who was popularly known for his performance in the TV…
NPCI has decided to put hold on the implementation of the MDR of 0.4% for…
PM GatiShakti National Master Plan (PMGS-NMP) completed 5 years on October 13th 2026. The plan…
Lakshadweep was made a fully literate union territory on October 11, 2026, under the centrally…
India's all-rounder Shafali Verma has been selected by the International Cricket Council (ICC) as the…
India skipper Shubman Gill has bagged his fifth ICC Player of the Month award to…