Status of online banking in India 2020

Published by Sandhya Keelery, Aug 30, 2024
According to a survey conducted on online payments in India in 2020, 31 percent of the households stated that they had mobile banking apps in their smartphones. However, 32 percent of the households stated that they used digital payments in their everyday life.

Status of online banking in India in 2020

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Sources

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Release date

January 2021

Region

India

Survey time period

2020

Number of respondents

5,314 households

Special properties

across 25 states

Supplementary notes

Specific date and type of survey was not mentioned by the source.

The survey covered households over 25 states with person "mostly doing banking and payment related work for the household".

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