Value of debit card transactions in India FY 2019-2028

Published by Sandhya Keelery, Aug 30, 2024

In financial year 2023, there were over 3.4 billion debit card transactions worth over seven trillion Indian rupees across India. This value was estimated to rise up to over 11.5 trillion Indian rupees in financial year 2028 in the country. Whereas, the value of credit card transactions was estimated to reach over 46 trillion Indian rupees that year.

Value of debit card transactions in India from financial year 2019 to 2023, with estimates until 2028 (in trillion Indian rupees)

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Release date

July 2024

Region

India

Survey time period

FY 2019 to FY 2023

Supplementary notes

*Estimates.

One Indian rupee is equal to 0.011 U.S. dollars and 0.010 euros (as of July 2023).

India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

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