RBI announces Digital Payments Index for March 2022
Reserve Bank of India (RBI) announces Digital Payments Index for March 2022.
The Reserve Bank had announced construction of a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) with March 2018 as base to capture the extent of digitisation of payments across the country. The index for March 2022 stands at 349.30 as against 304.06 for September 2021, which was announced on January 19, 2022.
The RBI-DPI index has demonstrated significant growth representing the rapid adoption and deepening of digital payments across the country in recent years.
The index series since its inception is as under:
| Period | RBI – DPI Index |
| March 2018 (Base) | 100 |
| March 2019 | 153.47 |
| September 2019 | 173.49 |
| March 2020 | 207.84 |
| September 2020 | 217.74 |
| March 2021 | 270.59 |
| September 2021 | 304.06 |
| March 2022 | 349.30 |
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