Volume of debit transfers India FY 2018-2023, by mode

Published by Statista Research Department, Nov 20, 2023
In financial year 2023, over 1.3 billion transactions were reported for the National Automated Clearing House (NACH) mode in India. This was an significant increase compared to the previous three years. In terms of value, NACH payments were also leading by far within the modes of debit transfers. NACH was implemented by the National Payments Corporation of Indie (NPCI) and was largely used for large transfers within the banking and financial institutions sector.

Number of debit transfers across India from financial year 2018 to 2023, by mode of payment (in millions)

CharacteristicBHIM Aadhaar PayECSNACHNETC
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Showing entries 1 to 6 (6 entries in total)
Statistic: Number of debit transfers across India from financial year 2018 to 2023, by mode of payment (in millions)

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Release date

May 2023

Region

India

Survey time period

FY 2018 to FY 2023

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.
One Indian rupee is equal to 0.012 U.S. dollars and 0.011 euros (as of July 2023).

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