Value of credit transfers India FY 2018-2024, by mode

Published by Sandhya Keelery, Apr 16, 2025

In financial year 2024, digital payments via the National Electronic Funds Transfer (NEFT) valued to over 391 trillion Indian rupees. This was by far the highest value of credit transfer modes. Unified Payments Interface (UPI) payments, which made up the highest number of transactions, came second with over 200 trillion Indian rupees.

Value of credit transfers across India from financial year 2018 to 2024, by mode of payment (in trillion Indian rupees)

CharacteristicAePSECSNACHAPBSIMPSNEFTUPI
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Showing entries 1 to 7 (7 entries in total)
Statistic: Value of credit transfers across India from financial year 2018 to 2024, by mode of payment (in trillion Indian rupees)

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Release date

June 2024

Region

India

Survey time period

FY 2018 to FY 2024

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.


Values have been rounded for clarity.

Previous reports have been accessed for historical data.

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