Current Context : The Digital Payments Index (DPI) by the Reserve Bank of India increased to 493.22 in March 2025, up from 465.33 in September 2024, showing strong growth in digital transactions.

ABOUT RBI DIGITAL PAYMENTS INDEX

• Launched By: Reserve Bank of India (RBI)
• Purpose: Measures how much digital payments have grown across India.
• Launched In: January 2021
• Base Year: March 2018 (Index value = 100)

Features

• Shows the spread and growth of digital payments in the country.
• Helps track changes and improvements over time.
• Based on five major parameters with weightage:

Parameters of the Index

1. Payment Enablers – 25%
2. Payment Infrastructure (Demand Side) – 10%
3. Payment Infrastructure (Supply Side) – 10%
4. Payment Performance – 45%
5. Consumer Centricity – 5%