In financial year 2024, over one billion transactions in India were reported for the National Automated Clearing House (NACH) mode worth nearly 16.9 trillion Indian rupees. This was by far the highest value within the debit payments segment. 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.
Value of debit transfers across India from financial year 2018 to 2024, by mode of payment
(in billion Indian rupees)
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Reserve Bank of India. (June 3, 2024). Value of debit transfers across India from financial year 2018 to 2024, by mode of payment (in billion Indian rupees) [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/1251318/india-value-of-debit-transfers-by-mode/
Reserve Bank of India. "Value of debit transfers across India from financial year 2018 to 2024, by mode of payment (in billion Indian rupees)." Chart. June 3, 2024. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/1251318/india-value-of-debit-transfers-by-mode/
Reserve Bank of India. (2024). Value of debit transfers across India from financial year 2018 to 2024, by mode of payment (in billion Indian rupees). Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/1251318/india-value-of-debit-transfers-by-mode/
Reserve Bank of India. "Value of Debit Transfers across India from Financial Year 2018 to 2024, by Mode of Payment (in Billion Indian Rupees)." Statista, Statista Inc., 3 Jun 2024, https://www.statista.com/statistics/1251318/india-value-of-debit-transfers-by-mode/
Reserve Bank of India, Value of debit transfers across India from financial year 2018 to 2024, by mode of payment (in billion Indian rupees) Statista, https://www.statista.com/statistics/1251318/india-value-of-debit-transfers-by-mode/ (last visited December 31, 2024)
Value of debit transfers across India from financial year 2018 to 2024, by mode of payment (in billion Indian rupees) [Graph], Reserve Bank of India, June 3, 2024. [Online]. Available: https://www.statista.com/statistics/1251318/india-value-of-debit-transfers-by-mode/
