In October, Unified Payments Interface (UPI) recorded its highest-ever activity since its launch in April 2016, with 16.58 billion transactions amounting to ₹23.5 trillion.
Month
No. of Banks live on UPI
Volume (in Mn)
Value (in Cr.)
Oct-24
632
16,584.97
23,49,821.45
Sep-24
622
15,041.75
20,63,994.71
Aug-24
608
14,963.05
20,60,735.57
Jul-24
605
14,435.55
20,64,292.40
Jun-24
602
13,885.14
20,07,081.16
May-24
598
14,035.84
20,44,937.05
Apr-24
581
13,303.99
19,64,464.52
Mar-24
572
13,440.00
19,78,353.23
Feb-24
560
12,102.67
18,27,869.35
Jan-24
550
12,203.02
18,41,083.97
UPI Top 50 Member Remitter Performance (October 2024)
UPI Remitter Members – Top 50 Members (Oct’24)
Sr. No.
UPI Remitter Members (Oct-2024)
Total Volume (In Mn)
Approved %
BD %
TD%
Total Debit Reversal Count (In Mn)
Debit Reversal Success %
1
State Bank Of India
4,478.41
92.10%
6.29%
1.61%
17.29
97.03%
2
HDFC BANK LTD.
1,409.32
94.74%
5.24%
0.02%
4.26
99.84%
3
Bank of Baroda
1,116.59
92.54%
7.41%
0.06%
3.50
97.90%
4
Union Bank of India
1,043.89
93.16%
6.69%
0.15%
3.77
86.01%
5
Punjab National Bank
955.82
90.92%
8.90%
0.18%
3.29
96.59%
6
Kotak Mahindra Bank
863.59
91.32%
8.58%
0.10%
2.81
87.86%
7
Axis Bank Ltd.
827.97
94.82%
5.13%
0.06%
2.30
95.70%
8
Canara Bank
795.21
92.55%
7.16%
0.29%
3.31
89.26%
9
ICICI Bank Ltd.
709.27
95.76%
4.20%
0.04%
1.91
98.23%
10
Bank of India
538.24
93.54%
5.93%
0.54%
2.50
77.09%
11
Indian Bank
513.28
93.41%
6.42%
0.18%
1.87
87.20%
12
Airtel Payments Bank Limited
500.76
89.46%
10.35%
0.19%
2.20
97.31%
13
India Post Payments Bank Limited
434.48
87.51%
11.24%
1.25%
1.84
81.21%
14
Indian Overseas Bank
244.05
91.68%
6.13%
2.19%
1.74
87.54%
15
Central Bank Of India
241.37
86.85%
12.22%
0.92%
1.10
84.13%
16
Federal Bank Ltd.
238.16
92.59%
7.10%
0.31%
0.69
97.63%
17
UCO Bank
220.30
92.16%
7.68%
0.16%
0.85
90.84%
18
Bank of Maharashtra
187.72
92.94%
6.64%
0.42%
0.76
76.93%
19
IDBI Bank Ltd.
186.35
93.67%
6.15%
0.18%
0.71
92.38%
20
INDUSIND BANK Ltd.
184.41
90.46%
9.32%
0.22%
0.77
90.97%
21
Fino Payments Bank Ltd.
173.06
92.76%
7.17%
0.07%
0.79
94.78%
22
Yes Bank Ltd.
165.55
85.65%
14.14%
0.21%
0.54
69.34%
23
Karnataka Bank
126.09
92.63%
6.87%
0.50%
0.48
84.10%
24
IDFC Bank Ltd.
99.72
92.41%
7.14%
0.44%
0.71
42.29%
25
Karur Vysya Bank
79.62
92.99%
6.72%
0.29%
0.31
93.92%
26
The Jammu & Kashmir Bank Limited
78.02
89.55%
5.02%
5.43%
1.82
13.78%
27
AU small Finance Bank
76.76
90.05%
9.88%
0.07%
0.29
94.71%
28
Bandhan Bank Limited
74.83
93.87%
5.29%
0.84%
0.34
94.37%
29
Tri O Tech Solutions Private Limited
69.79
100.00%
0.00%
0.00%
#N/A
#N/A
30
The South Indian Bank Limited
64.32
94.61%
5.25%
0.14%
0.18
98.72%
31
Ujjivan Small Finance Bank Limited
48.67
94.65%
4.98%
0.37%
0.19
86.84%
32
Punjab and Sind Bank
47.91
91.97%
7.83%
0.20%
0.22
92.65%
33
City Union Bank
47.69
93.04%
6.83%
0.14%
0.13
99.75%
34
Tamilnad Mercantile Bank Limited
44.76
92.22%
7.41%
0.38%
0.16
77.33%
35
Kerala Gramin Bank
38.22
92.47%
6.68%
0.85%
0.23
86.93%
36
Equitas Small Finance Bank
34.50
92.52%
7.45%
0.03%
0.12
97.83%
37
Andhra Pradesh Grameena Vikas Bank
32.92
85.99%
12.62%
1.39%
0.04
0.00%
38
Baroda UP Gramin Bank
31.14
92.41%
6.10%
1.48%
0.00
0.00%
39
Karnataka Gramin Bank
30.87
89.60%
8.27%
2.13%
0.36
79.23%
40
DBS Bank India Limited
30.17
92.60%
7.25%
0.15%
0.11
87.46%
41
Maharashtra Gramin Bank
29.85
85.61%
12.12%
2.27%
0.18
53.89%
42
Rajasthan Marudhara Gramin Bank
29.28
84.14%
10.95%
4.91%
0.37
26.64%
43
Saraswat Co-operative Bank
28.50
94.07%
5.72%
0.21%
0.10
88.12%
44
Jio Payments Bank Ltd
28.23
88.59%
10.18%
1.23%
0.26
99.35%
45
Standard Chartered Bank
27.97
95.45%
3.31%
1.24%
0.17
53.65%
46
ESAF Small Finance Bank Ltd
27.91
95.35%
4.55%
0.10%
0.10
96.78%
47
NSDL Payments Bank Limited
24.07
84.64%
11.55%
3.81%
0.37
3.94%
48
RBL Bank Ltd.
23.06
92.36%
7.33%
0.31%
0.10
76.65%
49
Andhra Pragathi Grameena Bank
21.92
78.27%
10.39%
11.34%
0.64
36.42%
50
Sarva Haryana Gramin Bank
21.22
93.23%
6.41%
0.36%
0.09
87.26%
UPI Top 50 Member Beneficiary Performance (October 2024)
