Top Banks in UPI Payments for May 2025, Check SBI, PNB, BOB, HDFC, ICICI Rank

June 19, 2025

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Top Banks in UPI Payments for May 2025, Check SBI, PNB, BOB, HDFC, ICICI Rank

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Recently, Punjab National Bank has been ranked first in Digital Payments Awards 2025. 673 Banks were live on UPI platform in May 2025. 18,677.46 million transactions worth Rs.25,14,297.01 crore were done through UPI. This shows that Banks are playing an important role in digital economy. Bank of Baroda and UCO Bank have been ranked 2nd and 3rd respectively. But where is SBI? Let’s have a look at the UPI Data.

UPI Top 50 Member Remitter Performance (May’25)

UPI Remitter Members – Top 50 Members (May’25)
Sr. No.	UPI Remitter Members (May-2025)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank of India	4,972.91	93.87%	5.88%	0.25%	12.10	95.08%
2	HDFC Bank Ltd.	1,512.37	95.02%	4.86%	0.12%	2.28	99.93%
3	Bank of Baroda	1,262.84	91.27%	8.64%	0.09%	2.65	98.59%
4	Union Bank of India	1,168.19	93.20%	6.72%	0.09%	2.44	94.06%
5	Punjab National Bank	1,068.01	92.60%	7.20%	0.20%	2.57	96.74%
6	Kotak Mahindra Bank	927.50	92.40%	7.51%	0.09%	1.84	61.98%
7	Canara Bank	903.21	93.09%	6.84%	0.07%	1.87	89.90%
8	Axis Bank Ltd.	852.60	94.85%	5.15%	0.00%	1.38	99.76%
9	ICICI Bank Ltd.	713.35	96.15%	3.84%	0.01%	1.01	98.36%
10	Indian Bank	593.72	92.95%	6.74%	0.31%	1.21	90.40%
11	Bank Of India	587.21	92.56%	6.44%	0.99%	2.86	53.96%
12	India Post Payments Bank Limited	576.10	89.08%	10.71%	0.21%	1.72	92.44%
13	Airtel Payments Bank Limited	573.79	86.66%	12.92%	0.42%	2.11	91.48%
14	Indian Overseas Bank	298.90	92.95%	6.75%	0.30%	0.66	96.66%
15	Central Bank of India	265.24	88.88%	10.60%	0.52%	0.85	92.13%
16	UCO Bank	259.36	91.65%	8.20%	0.15%	0.66	89.51%
17	Federal Bank Ltd.	251.18	93.02%	6.87%	0.11%	0.40	98.36%
18	Fino Payments Bank Ltd.	213.85	88.43%	11.33%	0.23%	0.81	72.70%
19	Bank of Maharashtra	204.66	93.47%	6.36%	0.18%	0.58	74.16%
20	Indusind Bank Ltd.	203.19	90.35%	9.48%	0.16%	0.61	74.39%
21	IDBI Bank Ltd.	199.11	93.43%	6.10%	0.47%	0.72	85.19%
22	Yes Bank Ltd.	175.35	92.04%	7.87%	0.09%	0.26	78.73%
23	Karnataka Bank	140.77	92.33%	7.45%	0.21%	0.34	81.09%
24	IDFC Bank Ltd.	113.06	93.44%	6.51%	0.05%	0.22	90.55%
25	Tri O Tech Solutions Private Limited	110.06	100.00%	0.00%	0.00%	–	0.00%
26	The Jammu & Kashmir Bank Limited	96.68	92.37%	6.45%	1.18%	0.70	38.44%
27	Karur Vysya Bank	90.61	93.23%	6.62%	0.14%	0.19	88.09%
28	Bandhan Bank limited	86.69	94.47%	5.29%	0.24%	0.28	92.82%
29	AU Small Finance Bank	73.85	90.28%	9.43%	0.29%	0.20	89.87%
30	The South Indian Bank Limited	69.84	94.78%	5.11%	0.11%	0.10	98.07%
31	Punjab and Sind Bank	56.71	91.83%	7.64%	0.53%	0.28	79.08%
32	City Union Bank	53.56	92.11%	7.72%	0.17%	0.09	99.07%
33	Ujjivan Small Finance Bank Limited	52.91	93.19%	6.62%	0.19%	0.13	91.42%
34	Tamilnad Mercantile Bank Limited	52.51	92.78%	7.05%	0.17%	0.09	92.46%
35	JIO Payments Bank Ltd	52.13	83.89%	15.36%	0.74%	0.31	86.75%
36	Baroda U.P. Bank	45.69	91.48%	6.48%	2.04%	0.39	35.16%
37	Kerala Gramin Bank	44.18	91.81%	7.17%	1.02%	0.32	68.37%
38	Telangana Grameena Bank	37.79	88.89%	10.41%	0.70%	0.23	72.72%
39	RBL Bank Ltd.	35.46	93.76%	5.57%	0.67%	0.10	61.82%
40	Maharashtra Gramin Bank	35.09	86.13%	12.35%	1.52%	0.18	62.95%
41	NSDL Payments Bank Limited	35.02	84.06%	15.48%	0.45%	0.17	77.48%
42	Karnataka Gramin Bank	34.59	89.38%	9.26%	1.36%	0.32	52.34%
43	Rajasthan Marudhara Gramin Bank	32.88	86.88%	12.50%	0.62%	0.18	33.49%
44	ESAF Small Finance Bank Ltd	32.02	95.76%	4.06%	0.19%	0.07	92.80%
45	DBS Bank India Limited	31.69	93.36%	6.53%	0.12%	0.06	94.01%
46	Equitas Small Finance Bank	30.47	91.32%	8.47%	0.21%	0.07	98.98%
47	Saraswat Co-operative Bank	28.72	95.09%	4.88%	0.04%	0.05	99.03%
48	Andhra Pragathi Grameena Bank	28.62	84.84%	12.31%	2.85%	0.18	38.41%
49	Standard Chartered Bank	28.24	95.89%	3.67%	0.43%	0.08	43.42%
50	Sarva Haryana Gramin Bank	26.07	90.17%	6.96%	2.87%	0.28	43.62%

UPI Top 50 Member Beneficiary Performance (May’25)

UPI Beneficiary Members – Top 50 Members (May’25)
Sr.No.	UPI Beneficiary Members (May-2025)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Yes Bank Ltd.	7,569.54	99.99%	0.01%	0.00%	0.00%
2	Axis Bank Ltd.	1,893.85	99.95%	0.04%	0.00%	0.01%
3	State Bank of India	1,851.45	99.77%	0.09%	0.14%	0.04%
4	HDFC Bank Ltd.	931.57	99.41%	0.54%	0.05%	0.03%
5	ICICI Bank Ltd.	602.95	99.77%	0.20%	0.03%	0.01%
6	Bank of Baroda	488.55	99.87%	0.06%	0.06%	0.06%
7	Union Bank of India	451.96	99.90%	0.09%	0.02%	0.04%
8	Punjab National Bank	428.80	99.62%	0.25%	0.13%	0.13%
9	Airtel Payments Bank Limited	423.33	98.93%	0.85%	0.22%	0.12%
10	Canara Bank	418.99	99.81%	0.12%	0.07%	0.02%
11	Federal Bank Ltd.	392.98	99.79%	0.18%	0.03%	0.00%
12	Kotak Mahindra Bank	359.30	98.94%	0.92%	0.14%	0.08%
13	Indian Bank	274.77	99.42%	0.27%	0.31%	0.10%
14	India Post Payments Bank Limited	257.72	98.52%	1.01%	0.47%	0.05%
15	Bank Of India	250.87	98.20%	0.94%	0.86%	0.30%
16	Indusind Bank Ltd.	176.40	99.54%	0.28%	0.18%	0.11%
17	Indian Overseas Bank	148.53	99.42%	0.44%	0.14%	0.13%
18	Central Bank of India	123.28	99.08%	0.56%	0.37%	0.14%
19	UCO Bank	110.33	99.41%	0.42%	0.17%	0.02%
20	RBL Bank Ltd.	101.36	99.63%	0.05%	0.32%	0.26%
21	Fino Payments Bank Ltd.	100.21	98.22%	1.65%	0.13%	0.11%
22	IDBI Bank Ltd.	96.22	99.40%	0.24%	0.37%	0.11%
23	Bank of Maharashtra	86.07	99.47%	0.42%	0.11%	0.08%
24	Unity Small Finance Bank Limited	75.73	100.00%	0.00%	0.00%	0.00%
25	Karnataka Bank	74.49	99.37%	0.31%	0.32%	0.05%
26	The Jammu & Kashmir Bank Limited	53.93	98.92%	0.71%	0.37%	0.27%
27	One Mobikwik Systems Limited	52.33	99.93%	0.00%	0.07%	0.00%
28	NSDL Payments Bank Limited	50.90	99.49%	0.38%	0.13%	0.03%
29	Tri O Tech Solutions Private Limited	50.44	99.03%	0.95%	0.02%	0.00%
30	Bandhan Bank limited	49.45	99.37%	0.37%	0.26%	0.04%
31	IDFC Bank Ltd.	46.74	98.83%	1.10%	0.07%	0.02%
32	Karur Vysya Bank	43.15	99.67%	0.22%	0.12%	0.03%
33	The South Indian Bank Limited	42.94	99.87%	0.12%	0.01%	0.00%
34	Tamilnad Mercantile Bank Limited	37.27	99.61%	0.26%	0.14%	0.02%
35	AU Small Finance Bank	33.40	99.30%	0.51%	0.20%	0.02%
36	JIO Payments Bank Ltd	31.76	99.06%	0.58%	0.36%	0.15%
37	City Union Bank	31.51	99.42%	0.33%	0.25%	0.01%
38	Punjab and Sind Bank	25.66	97.76%	1.78%	0.46%	0.09%
39	Ujjivan Small Finance Bank Limited	25.63	99.68%	0.22%	0.10%	0.12%
40	Kerala Gramin Bank	25.62	98.81%	0.51%	0.68%	0.53%
41	Suryoday Small Finance Bank Limited	22.44	98.71%	1.10%	0.19%	0.22%
42	Citi Bank	21.92	99.66%	0.26%	0.08%	0.01%
43	Baroda U.P. Bank	21.87	98.49%	0.23%	1.28%	0.41%
44	Telangana Grameena Bank	17.48	99.30%	0.41%	0.30%	0.11%
45	Karnataka Gramin Bank	15.71	99.00%	0.22%	0.78%	0.58%
46	Maharashtra Gramin Bank	14.99	98.61%	0.11%	1.28%	0.08%
47	ESAF Small Finance Bank Ltd	14.55	99.65%	0.20%	0.15%	0.02%
48	Equitas Small Finance Bank	14.22	97.72%	1.84%	0.44%	0.00%
49	Andhra Pragathi Grameena Bank	13.58	97.27%	0.74%	1.99%	0.32%
50	Rajasthan Marudhara Gramin Bank	13.15	97.89%	1.81%	0.30%	0.15%

June 19, 2025

0 2 minutes read