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)
