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)

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

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).

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Fintech in Poland "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Fintech in Poland

Overview

8

BankTech

8

Digital payments

8

Cryptocurrencies & DeFi

8

Cloud computing

8

Financing of FinTech (Crowdfunding & Venture Capital)

8

Further related statistics

5

Further Content: You might find this interesting as well

Statistics

Topics

Digital payments in IndiaDigital payments in ChinaFintechFintech in South KoreaFintech in China
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.