RBI Released Digital Payments Index for March 2025

The Reserve Bank of India (RBI) has released Digital Payments Index (DPI) for March 2025. The Reserve Bank of India – Digital Payments Index (RBI-DPI) is a composite index introduced by the Reserve Bank of India to measure the extent of digitalisation of payments across the country. It provides a single metric to track and assess how widely and deeply digital payment systems are being adopted in India.

The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for March 2025 stands at 493.22 as against 465.33 for September 2024, which was announced on January 29, 2025.

The RBI-DPI is designed to monitor the adoption and deepening of digital payments in India, identify areas needing improvement, promote financial inclusion, and guide policymakers. It is a composite index with March 2018 as the base period, assigning a score of 100.

The index is based on five broad parameters: Payment Enablers, Payment Infrastructure (Demand-side and Supply-side), Payment Performance, and Consumer Centricity.

The increase in RBI-DPI index was driven by significant growth in parameters viz. Payment Infrastructure – Supply-side factors and Payment Performance across the country over the period.

The index series since its inception is as under: