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Payments in India

, cards, bank transfers and cash, alongside bank lending and deposit rates, the RBI policy corridor and separately dated weekly monetary readings.

Bank and policy interest rates

Full series: Bank lending and deposit rates · Repo rate and policy corridor

Bank lending and deposit rates

Data through

New bank loans carried an average interest rate of 8.61%

The source’s weighted-average rate on fresh rupee loans. Outstanding loans and deposit rates have separate observations.

Average rate on new bank loans: 22 observations shown, from November 2024 through August 2026.

Average rate on new bank loans. Latest shown reading: 8.6% in August 2026.
Average rate on new bank loans, observations in the selected range
PeriodPercent
November 20249.4%
December 20249.3%
January 20259.3%
February 20259.4%
March 20259.3%
April 20259.3%
May 20259.2%
June 20258.6%
July 20258.8%
August 20258.7%
September 20258.5%
October 20258.6%
November 20258.7%
December 20258.3%
January 20268.5%
February 20268.4%
March 20268.4%
April 20268.5%
May 20268.5%
June 20268.5%
July 20268.5%
August 20268.6%

data.indiadispatch.com

Lending rate on new rupee loans. Last 6 published rows. Read the complete table.
MonthRateSource release
March 20268.4%29 May 2026
April 20268.5%30 June 2026
May 20268.51%31 July 2026
June 20268.53%31 August 2026
July 20268.52%30 September 2026
August 20268.61%30 September 2026
Source notes

Scheduled commercial banks, excluding regional rural banks and small finance banks

Only published observations are shown. Missing periods are not zero and have not been interpolated.

Weighted lending and deposit rates measure fresh and outstanding rupee business separately. The one-year median has its own observation month. This release reports aggregate banks, not individual borrowing offers.

Weighted-average lending and term-deposit rates measure the published bank cohort. The marginal-cost lending-rate measure is a median, not a weighted average. Its month can differ from the loan and deposit rates.

Policy repo rates are a separate central-bank decision series, not these customer loan rates.

Dated revision tables retain the earlier and later reported values. Publication references identify the official release that revised each observation.

Publication cadence: Monthly.

Terms in this reading
WALR
Weighted average lending rate, an average of bank lending rates weighted by the relevant loan amounts. Fresh-loan and outstanding-loan rates are different measures. Definition and conventions
WADTDR
Weighted average domestic term-deposit rate, an average of rates on domestic term deposits weighted by deposit amounts. Fresh and outstanding deposit rates are separate measures. Definition and conventions
MCLR
Marginal cost of funds based lending rate, a bank’s published lending benchmark. It is not the same as every borrower’s actual loan rate. Definition and conventions

Full history, published components and source notes · Download CSV

Source: Reserve Bank of India, India Dispatch Research

Repo rate and policy corridor

The central bank’s policy lending rate was 5.25%

The is the central bank’s policy lending rate.

Policy repo rate

percent

Latest shown observation: 5 August 20265.25%
7 February 20255 August 2026

7 February 2025 to 5 August 2026

Dots show published MPC decision dates, including decisions to leave rates unchanged. No daily rates are interpolated.

Source: Reserve Bank of India

Chart notes

Each dot is a reported observation. Their spacing follows the source observation periods. No line or interpolated values join observations. Missing observations are not zero.

Read every observation in the full data tables

data.indiadispatch.com

Standing deposit facility rate

percent

Latest shown observation: 5 August 20265%
7 February 20255 August 2026

7 February 2025 to 5 August 2026

Dots show published MPC decision dates, including decisions to leave rates unchanged. No daily rates are interpolated.

Source: Reserve Bank of India

Chart notes

Each dot is a reported observation. Their spacing follows the source observation periods. No line or interpolated values join observations. Missing observations are not zero.

Read every observation in the full data tables

data.indiadispatch.com

Marginal standing facility rate

Open this graph to compare its published observations. Read every source observation in the full data tables.

Bank rate

Open this graph to compare its published observations. Read every source observation in the full data tables.

Published policy decisions. Last 6 published rows. Read the complete table.
DecisionMeeting startMeeting endRepoSDFMSFBank rateStanceExplicit effective date
1 October 202529 September 20251 October 20255.5%5.25%5.75%5.75%neutralNot explicitly reported
5 December 20253 December 20255 December 20255.25%5%5.5%5.5%neutralNot explicitly reported
6 February 20264 February 20266 February 20265.25%5%5.5%5.5%neutralNot explicitly reported
8 April 20266 April 20268 April 20265.25%5%5.5%5.5%neutralNot explicitly reported
5 June 20263 June 20265 June 20265.25%5%5.5%5.5%neutralNot explicitly reported
5 August 20263 August 20265 August 20265.25%5%5.5%5.5%neutralNot explicitly reported
Source notes

The published stance was neutral.

Only published observations are shown. Missing periods are not zero and have not been interpolated.

Observations are dated MPC decisions, not daily interpolated rates. A decision to keep a rate unchanged is still a meeting observation. Effective dates appear only when explicitly stated by the RBI.

The is the central bank’s policy lending rate. Standing deposit facility, or SDF, and marginal standing facility, or MSF, rates define the published corridor.

Observations are decision dates, not fabricated daily readings. An effective date is shown only when the official statement explicitly gives it.

Publication cadence: Policy decisions.

Terms in this reading
Repo rate
The Reserve Bank of India’s policy rate for lending to banks against eligible securities. It is a policy rate, not a consumer loan rate. Definition and conventions

Full history, published components and source notes · Download CSV

Source: Reserve Bank of India, India Dispatch Research

network

Full series: UPI transactions · Currency in circulation and UPI · UPI merchant payments and person-to-person transfers

24.07 billion

Monthly transactions

₹29.37 trillion

$305 billion

Value moved

802.3 million

Daily run rate

₹1,220

$12.7

Average transaction

Monthly volume

processed 24.07 billion transactions in September 2026

The chart shows NPCI’s complete monthly transaction-volume history.

Terms in this reading
UPI
The Unified Payments Interface, India’s shared network for instant payments between bank accounts. Definition and conventions
Monthly transaction volume for the latest published history. UPI monthly transaction volume. Latest shown reading: 24.07 billion in September 2026.
UPI monthly transaction volume, observations in the selected range
PeriodTransactions
October 20227.31 billion
November 20227.31 billion
December 20227.83 billion
January 20238.04 billion
February 20237.53 billion
March 20238.69 billion
April 20238.9 billion
May 20239.42 billion
June 20239.34 billion
July 20239.96 billion
August 202310.59 billion
September 202310.56 billion
October 202311.41 billion
November 202311.24 billion
December 202312.02 billion
January 202412.2 billion
February 202412.1 billion
March 202413.44 billion
April 202413.3 billion
May 202414.04 billion
June 202413.89 billion
July 202414.44 billion
August 202414.96 billion
September 202415.04 billion
October 202416.58 billion
November 202415.48 billion
December 202416.73 billion
January 202517 billion
February 202516.11 billion
March 202518.3 billion
April 202517.89 billion
May 202518.68 billion
June 202518.4 billion
July 202519.47 billion
August 202520.01 billion
September 202519.63 billion
October 202520.7 billion
November 202520.47 billion
December 202521.63 billion
January 202621.7 billion
February 202620.39 billion
March 202622.64 billion
April 202622.35 billion
May 202623.2 billion
June 202622.72 billion
July 202623.66 billion
August 202624.51 billion
September 202624.07 billion

data.indiadispatch.com

Cash and

volume grew 22.6% in a year. Notes in circulation grew 13.1%

counts a month of payment transactions while notes in circulation measure the stock of banknotes on a reporting Friday.

Terms in this reading
UPI
The Unified Payments Interface, India’s shared network for instant payments between bank accounts. Definition and conventions

Monthly UPI value moved

INR crore

Latest shown observation: September 2026₹29.37 trillion$305 billion
April 2026September 2026

April 2026 to September 2026

Money moved is a monthly flow, not consumer spending. It is not the stock of currency in circulation.

FX as of 2 October 2026: ₹96.32 per US dollar.

Source: National Payments Corporation of India

Chart notes

Each dot is a reported observation. Their spacing follows the source observation periods. No line or interpolated values join observations. Missing observations are not zero.

Read every observation in the full data tables

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Currency in circulation

INR crore

  1. 18 September 202618 September 2026
    ₹42.56 trillion$442 billion
0

18 September 2026

A separately dated stock. It cannot be directly compared with monthly UPI payment flows. Only one retained observation is available. This is a snapshot, not a trend.

FX as of 2 October 2026: ₹96.32 per US dollar.

Source: Reserve Bank of India

Chart notes

One reported observation is shown. This is a snapshot, not a time trend. Missing observations are not zero.

Read every observation in the full data tables

data.indiadispatch.com

UPI transactions · September 202624.07 billion

+22.6% year on year

Notes in circulation · 18 September 2026₹42.56 trillion$442 billion

+13.1% year on year

Source: National Payments Corporation of India and Reserve Bank of India, India Dispatch Research

Payment type · September 2026

Merchant payments made up 63.3% of volume

Person-to-person transfers accounted for 69.8% of value. NPCI labels these P2M and P2P.

Terms in this reading
UPI
The Unified Payments Interface, India’s shared network for instant payments between bank accounts. Definition and conventions

Share of transactions

P2M63.3%
P2P36.7%

Share of value

P2M30.2%
P2P69.8%

P2M average ticket

₹582$6.05

Implied average across merchant payments.

P2P average ticket

₹2,320$24.1

Implied average across person-to-person transfers.

Source: National Payments Corporation of India, India Dispatch Research

Bank reliability

Full series: UPI bank approval and decline rates

Bank reliability

Baroda U.P. Bank had the highest sending-bank technical-decline rate, 2.44%, in August 2026

NPCI defines a technical decline as a failed transaction caused by unavailable systems or network issues at a bank or NPCI. Business declines such as a wrong PIN are excluded.

Sending banks approval rate

percent

Showing 6 of 50 observations, including the smallest and largest reported values. Full series and every observation

  1. Airtel Payments Bank LimitedAugust 2026
    73.3%
  2. ICICI Bank Ltd.August 2026
    95.14%
  3. Slice Small Finance Bank LimitedAugust 2026
    94.25%
  4. HDFC Bank Ltd.August 2026
    93.07%
  5. Tri O Tech Solutions Private LimitedAugust 2026
    100%
  6. One Mobikwik Systems LimitedAugust 2026
    100%
0

August 2026

Banks are compared only within the same sending or receiving role and published period.

Source: National Payments Corporation of India

Chart notes

Bars compare the reported observations on the same scale. The marked zero is not a missing observation. Missing observations are not zero.

Read every observation in the full data tables

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Sending banks technical decline rate

percent

Showing 6 of 50 observations, including the smallest and largest reported values. Full series and every observation

  1. Baroda U.P. BankAugust 2026
    2.44%
  2. Central Bank Of IndiaAugust 2026
    2.34%
  3. Punjab And Sind BankAugust 2026
    1.95%
  4. Maharashtra Gramin BankAugust 2026
    1.23%
  5. Rajasthan Marudhara Gramin BankAugust 2026
    1.18%
  6. HDFC Bank Ltd.August 2026
    0%
0

August 2026

Banks are compared only within the same sending or receiving role and published period.

Source: National Payments Corporation of India

Chart notes

Bars compare the reported observations on the same scale. The marked zero is not a missing observation. Missing observations are not zero.

Read every observation in the full data tables

data.indiadispatch.com

Sending banks business decline rate

Open this graph to compare its published observations. Read every source observation in the full data tables.

Receiving banks approval rate

Open this graph to compare its published observations. Read every source observation in the full data tables.

Receiving banks technical decline rate

Open this graph to compare its published observations. Read every source observation in the full data tables.

Receiving banks business decline rate

Open this graph to compare its published observations. Read every source observation in the full data tables.

Sending bankAugust 2026

Top 50 by volume

BankTechnical declineVolume
Baroda U.P. Bank2.44%109.7 million
Central Bank of India2.34%478.3 million
Punjab and Sind Bank1.95%76.9 million
Maharashtra Gramin Bank1.23%45.9 million
Rajasthan Marudhara Gramin Bank1.18%78.5 million
NSDL Payments Bank Limited1.17%85.1 million
Receiving bankAugust 2026

Top 50 by volume

BankTechnical declineVolume
Punjab and Sind Bank2.32%32 million
Baroda U.P. Bank1.99%57.1 million
Central Bank of India1.79%198.7 million
Dakshin Bihar Gramin Bank (Erstwhile Madhya Bihar Gramin Bank)1.4%18.8 million
Maharashtra Gramin Bank1.05%19.3 million
Canara Bank0.79%563.8 million

data.indiadispatch.com

Source: National Payments Corporation of India, India Dispatch Research

Payment systems

Full series: Payment systems and infrastructure · RBI weekly monetary pulse

Payment rails

41.4 million cheques were cleared in August 2026

Cheque volume fell 25.5% over the available 37-month RBI series. December 2024 is omitted because that month is absent from RBI’s public archive.

Monthly CTS volume. Monthly cheque volume through the Cheque Truncation System. Latest shown reading: 41.4 million in August 2026.
Monthly cheque volume through the Cheque Truncation System, observations in the selected range
PeriodTransactions
July 202355.5 million
August 202356.5 million
September 202353.8 million
October 202356 million
November 202352.6 million
December 202354.7 million
January 202454.7 million
February 202454.2 million
March 202458.5 million
April 202452.6 million
May 202452.4 million
June 202448.4 million
July 202453.1 million
August 202450.8 million
September 202448.5 million
October 202454.7 million
November 202447.2 million
January 202551.7 million
February 202546.2 million
March 202553.2 million
April 202549.5 million
May 202548.2 million
June 202544.7 million
July 202549.5 million
August 202544.6 million
September 202546.5 million
October 202545.2 million
November 202544.9 million
December 202547.6 million
January 202645.9 million
February 202643.1 million
March 202649.2 million
April 202645.4 million
May 202641.9 million
June 202642.6 million
July 202644.7 million
August 202641.4 million

data.indiadispatch.com

ATMs and CRMs253,000

−2.3% since July 2023

Micro ATMs1.33 million

−13.7% since July 2023

PoS terminals10.21 million

+25.7% since July 2023

UPI QR codes813.03 million

+189.6% since July 2023

Payment railMonthly transactionsValue moved
RTGS31.5 million₹205.84 trillion (≈ ₹205.84 lakh crore)$2.14 trillion
NEFT882.5 million₹44.09 trillion (≈ ₹44.09 lakh crore)$458 billion
IMPS359.9 million₹7.04 trillion (≈ ₹7.04 lakh crore)$73.1 billion
Prepaid instruments969.5 million₹274.67 billion (≈ ₹27,467 crore)$2.85 billion
Cheque Truncation System41.4 million₹5.8 trillion (≈ ₹5.8 lakh crore)$60.2 billion

Source: Reserve Bank of India, India Dispatch Research

RBI weekly monetary pulse

Data through

Notes in circulation totalled ₹42.56 trillion

Each monetary component has its own observation date.

Year-on-year change in weekly monetary readings

percent

  1. Currency in circulation, 18 September 202618 September 2026
    13.14%
  2. Foreign exchange reserves, 18 September 202618 September 2026
    9.01%
  3. Bank credit, 15 September 202615 September 2026
    18.13%
  4. Aggregate deposits, 15 September 202615 September 2026
    17.31%
0

18 September 2026

Each balance retains its own published date. Bars compare reported growth rates, not balances with different currencies or units.

Source: Reserve Bank of India

Chart notes

Bars compare the reported observations on the same scale. The marked zero is not a missing observation. Missing observations are not zero.

Year-on-year change in weekly monetary readings. Every supplied observation. Unit: percent. 18 September 2026. Source: Reserve Bank of India
ObservationPeriodValueUS dollar equivalent where applicable
Currency in circulation, 18 September 202618 September 202613.14%Not applicable
Foreign exchange reserves, 18 September 202618 September 20269.01%Not applicable
Bank credit, 15 September 202615 September 202618.13%Not applicable
Aggregate deposits, 15 September 202615 September 202617.31%Not applicable

data.indiadispatch.com

Dated component snapshots. Last 4 published rows. Read the complete table.
ComponentObservation dateValueYear-on-year changeOfficial table
Notes in circulation18 September 2026₹42.56 trillion (≈ ₹42.56 lakh crore) · $442 billion13.14%Official source
Foreign exchange reserves18 September 2026₹73.77 trillion (≈ ₹73.77 lakh crore) · $766 billion9.01%Official source
Bank credit15 September 2026₹223.29 trillion (≈ ₹223.29 lakh crore) · $2.32 trillion18.13%Official source
Aggregate bank deposits15 September 2026₹276.23 trillion (≈ ₹276.23 lakh crore) · $2.87 trillion17.31%Official source
Source notes

The 25 September 2026 issue contains separate dated component tables, not one common observation date.

Only published observations are shown. Missing periods are not zero and have not been interpolated.

Notes and reserves have weekly source dates. Bank credit and aggregate deposits can have different reporting dates. The publication’s issue date is not substituted for those dates.

This retained complete supplement supplies dated snapshots. A historical series is not fabricated from unretained prior issues.

Converted dollar or rupee equivalents use $1 = ₹96.32 on 2 October 2026, not historical exchange rates.

Publication cadence: Weekly publication, component-specific observation dates.

Full history, published components and source notes · Download CSV

Source: Reserve Bank of India, India Dispatch Research

Merchant categories

Full series: UPI merchant categories

Merchant categories

Groceries & supermarkets led merchant volume with 4 billion in August 2026

The ranking covers merchant categories published by NPCI.

Terms in this reading
UPI
The Unified Payments Interface, India’s shared network for instant payments between bank accounts. Definition and conventions
01Groceries & supermarkets4 billion
02Fast food restaurants1.52 billion
03Eating places & restaurants1.3 billion
04Telecommunication services817.8 million
05Service stations772.9 million
06Bakeries515.4 million
07Cigar shops & stands470.5 million
08Drug stores & pharmacies335.9 million
09Dairies298.2 million
10Purchase of digital gold249.2 million

data.indiadispatch.com

transaction volume for Family clothing shops rose 22.7% in one month, while Men’s and women’s clothing shops fell 12.3%

Categories without observations in both comparison periods are excluded.

Terms in this reading
UPI
The Unified Payments Interface, India’s shared network for instant payments between bank accounts. Definition and conventions

Change in matching merchant-category transactions

transactions

Showing 6 of 29 observations, including the smallest and largest reported values. Full series and every observation

  1. Groceries & SupermarketsAugust 2026
    149.91 million
  2. Fast Food RestaurantsAugust 2026
    38.97 million
  3. Eating Places & RestaurantsAugust 2026
    31.01 million
  4. Telecommunication ServicesAugust 2026
    −19,910,000
  5. Service StationsAugust 2026
    30.06 million
  6. BakeriesAugust 2026
    39.56 million
0

July 2026 to August 2026

Only categories reported under the same MCC in both published snapshots are included. An absent category is not zero. This is a difference between snapshots, not a continuous history.

Source: National Payments Corporation of India

Chart notes

Bars compare the reported observations on the same scale. The marked zero is not a missing observation. Missing observations are not zero.

Change in matching merchant-category transactions. Every supplied observation. Unit: transactions. July 2026 to August 2026. Source: National Payments Corporation of India
ObservationPeriodValueUS dollar equivalent where applicable
Groceries & SupermarketsAugust 2026149.91 millionNot applicable
Fast Food RestaurantsAugust 202638.97 millionNot applicable
Eating Places & RestaurantsAugust 202631.01 millionNot applicable
Telecommunication ServicesAugust 2026−19,910,000Not applicable
Service StationsAugust 202630.06 millionNot applicable
BakeriesAugust 202639.56 millionNot applicable
Cigar Shops & StandsAugust 202626.71 millionNot applicable
Drug Stores & PharmaciesAugust 202623.94 millionNot applicable
DairiesAugust 202620.67 millionNot applicable
Purchase Of Digital GoldAugust 20266.71 millionNot applicable
Debt Collection AgenciesAugust 20266.99 millionNot applicable
Package Shops Beer, Wine And LiquorAugust 2026−5,010,000Not applicable
Online MarketplacesAugust 20265.24 millionNot applicable
Government Services Not Elsewhere ClassifiedAugust 2026−1,650,000Not applicable
Utilities Electric, Gas, Water And SanitaryAugust 20263.27 millionNot applicable
Candy, Nut And Confectionery ShopsAugust 202618.78 millionNot applicable
Freezer And Locker Meat ProvisionersAugust 2026−15,860,000Not applicable
Variety StoresAugust 202613.97 millionNot applicable
Family Clothing ShopsAugust 202618.21 millionNot applicable
Beauty And Barber ShopsAugust 20265.91 millionNot applicable
Drinking Places (Alcoholic Beverages) Bars, Taverns, Night-Clubs, Cocktail Lounges And DiscothquesAugust 2026−410,000Not applicable
Mens And Womens Clothing ShopsAugust 2026−13,000,000Not applicable
Digital Goods: Media, Books, Movies, MusicAugust 2026−330,000Not applicable
Electronics Repair ShopsAugust 20261.59 millionNot applicable
Department StoresAugust 2026−3,450,000Not applicable
Securities Brokers And DealersAugust 20261.4 millionNot applicable
Taxi-Cabs And LimousinesAugust 20263.21 millionNot applicable
Electronics ShopsAugust 2026−620,000Not applicable
Mens, Womens And Childrens Uniforms And Commercial ClothingAugust 20269.46 millionNot applicable

data.indiadispatch.com

Compared with July 2026

Growth

Transaction volume
  1. Family clothing shops+22.7%
  2. Candy, nut and confectionery shops+16%
  3. Variety stores+14.8%
  4. Uniforms and work clothing+13.6%
  5. Bakeries+8.3%
  6. Drug stores & pharmacies+7.7%

Decline

Transaction volume
  1. Men’s and women’s clothing shops−12.3%
  2. Freezer and locker meat provisioners−11.5%
  3. Department stores−3.9%
  4. Telecommunication services−2.4%
  5. Beer, wine and liquor shops−2.3%
  6. Government services not elsewhere classified−1.1%

NPCI published 29 merchant categories for August 2026

RankMerchant categoryTransactionsMonthSix monthsOne yearValueAverage payment
01Groceries & supermarketsMCC 54114 billion+3.9%+21.7%+27.7%₹868.82 billion (≈ ₹86,882 crore)$9.02 billion₹217$2.26
02Fast food restaurantsMCC 58141.52 billion+2.6%+9.7%+20.1%₹185.07 billion (≈ ₹18,507 crore)$1.92 billion₹122$1.27
03Eating places & restaurantsMCC 58121.3 billion+2.4%+11.5%+9.9%₹226.63 billion (≈ ₹22,663 crore)$2.35 billion₹174$1.81
04Telecommunication servicesMCC 4814817.8 million−2.4%+2.9%−5.5%₹232.62 billion (≈ ₹23,262 crore)$2.42 billion₹284$2.95
05Service stationsMCC 5541772.9 million+4%+21.9%+23.3%₹441.93 billion (≈ ₹44,193 crore)$4.59 billion₹572$5.94
06BakeriesMCC 5462515.4 million+8.3%+94.6%+90%₹72.31 billion (≈ ₹7,231 crore)$751 million₹140$1.46
07Cigar shops & standsMCC 5993470.5 million+6%+29.9%+42.5%₹30.58 billion (≈ ₹3,058 crore)$317 million₹65$0.675
08Drug stores & pharmaciesMCC 5912335.9 million+7.7%+14%+4.2%₹138.66 billion (≈ ₹13,866 crore)$1.44 billion₹413$4.29
09DairiesMCC 5451298.2 million+7.4%+69.1%+66.5%₹65.26 billion (≈ ₹6,526 crore)$678 million₹219$2.27
10Purchase of digital goldMCC 5412249.2 million+2.8%+11.8%+149.8%₹24.89 billion (≈ ₹2,489 crore)$258 million₹100$1.04
11Debt collection agenciesMCC 7322215 million+3.4%+27.5%+41.9%₹739.83 billion (≈ ₹73,983 crore)$7.68 billion₹3,441$35.7
12Beer, wine and liquor shopsMCC 5921215 million−2.3%+31.2%+44.1%₹88.81 billion (≈ ₹8,881 crore)$922 million₹413$4.29
13Online marketplacesMCC 5262186 million+2.9%+62.4%+51.7%₹99.61 billion (≈ ₹9,961 crore)$1.03 billion₹536$5.56
14Government services not elsewhere classifiedMCC 9399152.6 million−1.1%+28.2%+41.6%₹110.32 billion (≈ ₹11,032 crore)$1.15 billion₹723$7.51
15Utilities electric, gas, water and sanitaryMCC 4900149.6 million+2.2%−4.1%−12.5%₹246.36 billion (≈ ₹24,636 crore)$2.56 billion₹1,647$17.1
16Candy, nut and confectionery shopsMCC 5441136.3 million+16%+17%+18.4%₹28.17 billion (≈ ₹2,817 crore)$292 million₹207$2.15
17Freezer and locker meat provisionersMCC 5422121.5 million−11.5%+3.6%+19%₹42.17 billion (≈ ₹4,217 crore)$438 million₹347$3.6
18Variety storesMCC 5331108.6 million+14.8%+78.7%+61.7%₹43.68 billion (≈ ₹4,368 crore)$454 million₹402$4.18
19Family clothing shopsMCC 565198.5 million+22.7%+31.2%Not comparable₹87.24 billion (≈ ₹8,724 crore)$906 million₹886$9.2
20Beauty and barber shopsMCC 723094 million+6.7%+12.3%+15.1%₹26.35 billion (≈ ₹2,635 crore)$274 million₹280$2.91
21Bars and pubsMCC 581393 million−0.4%+12.2%+5.5%₹36.9 billion (≈ ₹3,690 crore)$383 million₹397$4.12
22Men’s and women’s clothing shopsMCC 569192.7 million−12.3%−7.5%−9%₹110.85 billion (≈ ₹11,085 crore)$1.15 billion₹1,195$12.4
23Digital goods: media, books, movies, musicMCC 581591 million−0.4%Not comparableNot comparable₹20.72 billion (≈ ₹2,072 crore)$215 million₹228$2.36
24Electronics repair shopsMCC 762287.6 million+1.8%+18.3%+12.3%₹24.32 billion (≈ ₹2,432 crore)$252 million₹277$2.88
25Department storesMCC 531184.8 million−3.9%+22.3%+21.2%₹51.91 billion (≈ ₹5,191 crore)$539 million₹612$6.36
26Securities brokers and dealersMCC 621184.1 million+1.7%+18.5%+45.5%₹636.67 billion (≈ ₹63,667 crore)$6.61 billion₹7,569$78.6
27Taxi-cabs and limousinesMCC 412182.9 million+4%+14.5%+18.4%₹12.05 billion (≈ ₹1,205 crore)$125 million₹145$1.51
28Electronics shopsMCC 573282.2 million−0.7%+0.3%−12%₹111.13 billion (≈ ₹11,113 crore)$1.15 billion₹1,352$14
29Uniforms and work clothingMCC 513779 million+13.6%+15.9%+4.2%₹73.39 billion (≈ ₹7,339 crore)$762 million₹928$9.64

States and territories

Full series: UPI payments by state and territory

Geography

Maharashtra led state-attributed volume with 2.39 billion in August 2026

NPCI reports state and union-territory activity separately from unclassified transactions. Shares use the same month’s national total.

Terms in this reading
UPI
The Unified Payments Interface, India’s shared network for instant payments between bank accounts. Definition and conventions

State-attributed UPI transactions

million transactions

Showing 6 of 37 observations, including the smallest and largest reported values. Full series and every observation

  1. Maharashtra
    2.39 billion
  2. Karnataka
    1.27 billion
  3. Uttar Pradesh
    1.26 billion
  4. Tamil Nadu
    998.6 million
  5. Lakshadweep
    0.8 million
  6. Unclassified
    10.88 billion
0

August 2026

Attribution does not establish where a payer or recipient lives. Unclassified activity remains unclassified.

Source: National Payments Corporation of India

Chart notes

Bars compare the reported observations on the same scale. The marked zero is not a missing observation. Missing observations are not zero.

Read every observation in the full data tables

data.indiadispatch.com

RankState / UTTransactionsVolume shareValueValue share
01Maharashtra2.39 billion9.74%₹2.78 trillion (≈ ₹2.78 lakh crore)$28.9 billion9.34%
02Karnataka1.27 billion5.17%₹1.76 trillion (≈ ₹1.76 lakh crore)$18.2 billion5.89%
03Uttar Pradesh1.26 billion5.16%₹1.53 trillion (≈ ₹1.53 lakh crore)$15.9 billion5.13%
04Tamil Nadu998.6 million4.07%₹1.5 trillion (≈ ₹1.5 lakh crore)$15.6 billion5.04%
05Telangana964.2 million3.93%₹1.47 trillion (≈ ₹1.47 lakh crore)$15.2 billion4.92%
06Andhra Pradesh691.9 million2.82%₹1.12 trillion (≈ ₹1.12 lakh crore)$11.7 billion3.77%
07Gujarat624.4 million2.55%₹924.69 billion (≈ ₹92,469 crore)$9.6 billion3.1%
08Rajasthan612.2 million2.5%₹857.56 billion (≈ ₹85,756 crore)$8.9 billion2.88%
09Delhi569.8 million2.32%₹727.75 billion (≈ ₹72,775 crore)$7.56 billion2.44%
10West Bengal521.1 million2.13%₹706.78 billion (≈ ₹70,678 crore)$7.34 billion2.37%
11Kerala509.6 million2.08%₹710.42 billion (≈ ₹71,042 crore)$7.38 billion2.38%
12Madhya Pradesh507.9 million2.07%₹636.28 billion (≈ ₹63,628 crore)$6.61 billion2.13%
13Bihar501.9 million2.05%₹646.03 billion (≈ ₹64,603 crore)$6.71 billion2.17%
14Haryana469.2 million1.91%₹642.36 billion (≈ ₹64,236 crore)$6.67 billion2.15%
15Odisha316.9 million1.29%₹386.34 billion (≈ ₹38,634 crore)$4.01 billion1.3%
16Punjab260.7 million1.06%₹418.83 billion (≈ ₹41,883 crore)$4.35 billion1.4%
17Assam254.7 million1.04%₹253.56 billion (≈ ₹25,356 crore)$2.63 billion0.85%
18Jharkhand201.3 million0.82%₹242.97 billion (≈ ₹24,297 crore)$2.52 billion0.81%
19Chhattisgarh155.2 million0.63%₹187.16 billion (≈ ₹18,716 crore)$1.94 billion0.63%
20Uttarakhand133.2 million0.54%₹157.84 billion (≈ ₹15,784 crore)$1.64 billion0.53%
21Jammu and Kashmir108.1 million0.44%₹135.77 billion (≈ ₹13,577 crore)$1.41 billion0.46%
22Himachal Pradesh67 million0.27%₹84.29 billion (≈ ₹8,429 crore)$875 million0.28%
23Goa38.2 million0.16%₹55.89 billion (≈ ₹5,589 crore)$580 million0.19%
24Chandigarh30.6 million0.12%₹37.32 billion (≈ ₹3,732 crore)$387 million0.13%
25Arunachal Pradesh27.3 million0.11%₹34.39 billion (≈ ₹3,439 crore)$357 million0.12%
26Puducherry23 million0.09%₹31.87 billion (≈ ₹3,187 crore)$331 million0.11%
27Meghalaya20.3 million0.08%₹23.52 billion (≈ ₹2,352 crore)$244 million0.08%
28Manipur19.3 million0.08%₹34.33 billion (≈ ₹3,433 crore)$356 million0.12%
29Tripura18.5 million0.08%₹23.05 billion (≈ ₹2,305 crore)$239 million0.08%
30Mizoram16.4 million0.07%₹21.7 billion (≈ ₹2,170 crore)$225 million0.07%
31Nagaland15.2 million0.06%₹20.4 billion (≈ ₹2,040 crore)$212 million0.07%
32Dadra & Nagar Haveli & Daman & Diu11.7 million0.05%₹12.63 billion (≈ ₹1,263 crore)$131 million0.04%
33Sikkim10.1 million0.04%₹12.67 billion (≈ ₹1,267 crore)$132 million0.04%
34Ladakh5.6 million0.02%₹9.95 billion (≈ ₹995 crore)$103 million0.03%
35Andaman and Nicobar Islands4.5 million0.02%₹6.48 billion (≈ ₹648 crore)$67.3 million0.02%
36Lakshadweep0.8 million<0.01%₹793.85 million (≈ ₹79.39 crore)$8.24 million<0.01%
Not rankedUnclassified10.88 billion44.39%₹11.62 trillion (≈ ₹11.62 lakh crore)$121 billion38.95%

apps

Full series: UPI app market share

apps

PhonePe handled 45.9% of payer-app volume in August 2026

PhonePe and Google Pay together held 78.3%, compared with 80.4% six months earlier.

Terms in this reading
UPI
The Unified Payments Interface, India’s shared network for instant payments between bank accounts. Definition and conventions
01PhonePe45.87%
02Google Pay32.43%
03Paytm8.07%
04Navi4.42%
05super.money1.73%
06BHIM1.04%
07FamApp0.92%
08WhatsApp0.75%
09Axis Bank Apps0.6%
10CRED0.59%
11Kotak Mahindra Bank Apps0.57%
12Amazon Pay0.39%
13Slice Small Finance Bank Apps0.32%
14HDFC Bank Apps0.3%
15Mobikwik0.28%
16ICICI Bank Apps0.26%
17IDFC Bank Apps0.22%
18Yes Bank Apps0.21%
19State Bank of India Apps0.12%
20Unity Small Finance Bank Apps0.08%

data.indiadispatch.com

PhonePe’s volume share fell 0.6 points over six months

Six-month change in payer-app share

percentage points

Showing 6 of 20 observations, including the smallest and largest reported values. Full series and every observation

  1. PhonePeAugust 2026
    −0.638804388
  2. Google PayAugust 2026
    −1.4715169546
  3. NaviAugust 2026
    1.166911396
  4. Super.MoneyAugust 2026
    0.280744591
  5. FamAppAugust 2026
    0.1690668649
  6. WhatsappAugust 2026
    0.1877723932
0

February 2026 to August 2026

Current volume divided by its payer-app denominator, less prior volume divided by that snapshot’s denominator, multiplied by 100. Only apps present in both snapshots are compared. Missing apps are not zero.

Source: National Payments Corporation of India

Chart notes

Bars compare the reported observations on the same scale. The marked zero is not a missing observation. Missing observations are not zero.

Six-month change in payer-app share. Every supplied observation. Unit: percentage points. February 2026 to August 2026. Source: National Payments Corporation of India
ObservationPeriodValueUS dollar equivalent where applicable
PhonePeAugust 2026−0.638804388Not applicable
Google PayAugust 2026−1.4715169546Not applicable
PaytmAugust 20260.0798003514Not applicable
NaviAugust 20261.166911396Not applicable
Super.MoneyAugust 20260.280744591Not applicable
BHIMAugust 20260.1590509766Not applicable
FamAppAugust 20260.1690668649Not applicable
WhatsappAugust 20260.1877723932Not applicable
Axis Bank AppsAugust 2026−0.0598413938Not applicable
CREDAugust 2026−0.1409949793Not applicable
Kotak Mahindra Bank AppsAugust 20260.0541129737Not applicable
Amazon PayAugust 20260.013629767Not applicable
Slice Small Finance Bank AppsAugust 20260.1088893158Not applicable
HDFC Bank AppsAugust 2026−0.0401103457Not applicable
MobikwikAugust 2026−0.0483177622Not applicable
ICICI Bank AppsAugust 20260.06067907Not applicable
IDFC Bank AppsAugust 20260.0302174757Not applicable
Yes Bank AppsAugust 2026−0.0035447425Not applicable
State Bank Of India AppsAugust 20260.0426010404Not applicable
Unity Small Finance Bank AppsAugust 20260.0831926564Not applicable

data.indiadispatch.com

RankApplicationTransactionsValueAugust 2026 shareSix months agoChange
01PhonePe11.19 billion₹14.26 trillion (≈ ₹14.26 lakh crore)$148 billion45.87%46.51%−0.6 points
02Google Pay7.91 billion₹10.07 trillion (≈ ₹10.07 lakh crore)$105 billion32.43%33.9%−1.5 points
03Paytm1.97 billion₹2.05 trillion (≈ ₹2.05 lakh crore)$21.3 billion8.07%7.99%+0.1 points
04Navi1.08 billion₹525.13 billion (≈ ₹52,513 crore)$5.45 billion4.42%3.26%+1.2 points
05super.money421.9 million₹203.63 billion (≈ ₹20,363 crore)$2.11 billion1.73%1.45%+0.3 points
06BHIM253.7 million₹287.78 billion (≈ ₹28,778 crore)$2.99 billion1.04%0.88%+0.2 points
07FamApp223.3 million₹30.23 billion (≈ ₹3,023 crore)$314 million0.92%0.75%+0.2 points
08WhatsApp183.7 million₹139.48 billion (≈ ₹13,948 crore)$1.45 billion0.75%0.57%+0.2 points
09Axis Bank Apps146.8 million₹140.24 billion (≈ ₹14,024 crore)$1.46 billion0.6%0.66%−0.1 points
10CRED143.9 million₹573.98 billion (≈ ₹57,398 crore)$5.96 billion0.59%0.73%−0.1 points
11Kotak Mahindra Bank Apps137.8 million₹171.39 billion (≈ ₹17,139 crore)$1.78 billion0.57%0.51%+0.1 points
12Amazon Pay95.9 million₹110.37 billion (≈ ₹11,037 crore)$1.15 billion0.39%0.38%Unchanged
13Slice Small Finance Bank Apps78.6 million₹69.94 billion (≈ ₹6,994 crore)$726 million0.32%0.21%+0.1 points
14HDFC Bank Apps72 million₹178.03 billion (≈ ₹17,803 crore)$1.85 billion0.3%0.34%Unchanged
15Mobikwik68.6 million₹80.83 billion (≈ ₹8,083 crore)$839 million0.28%0.33%Unchanged
16ICICI Bank Apps63.6 million₹223.44 billion (≈ ₹22,344 crore)$2.32 billion0.26%0.2%+0.1 points
17IDFC Bank Apps53.1 million₹47.19 billion (≈ ₹4,719 crore)$490 million0.22%0.19%Unchanged
18Yes Bank Apps50.5 million₹90.03 billion (≈ ₹9,003 crore)$935 million0.21%0.21%Unchanged
19State Bank of India Apps29.6 million₹71.63 billion (≈ ₹7,163 crore)$744 million0.12%0.08%Unchanged
20Unity Small Finance Bank Apps20.3 million₹24.83 billion (≈ ₹2,483 crore)$258 million0.08%<0.01%+0.1 points

Credit cards

Full series: Credit cards · Credit cards by bank

Credit cards in circulation

India had 124.05 million credit cards in circulation in August 2026

Cards outstanding at month end, August 2023 to August 2026.

Number in circulation at month end across reporting banks. Credit cards in circulation. Latest shown reading: 124.05 million in August 2026.
Credit cards in circulation, observations in the selected range
PeriodCount
August 202391.28 million
September 202393.02 million
October 202394.71 million
November 202396 million
December 202397.9 million
January 202499.5 million
February 2024100.6 million
March 2024101.8 million
April 2024102.54 million
May 2024103.3 million
June 2024103.81 million
July 2024104.57 million
August 2024105.42 million
September 2024106.1 million
October 2024106.89 million
November 2024107.24 million
December 2024108.06 million
January 2025108.87 million
February 2025109.32 million
March 2025109.88 million
April 2025110.44 million
May 2025111.05 million
June 2025110.97 million
July 2025111.81 million
August 2025112.5 million
September 2025113.51 million
October 2025114.13 million
November 2025115 million
December 2025115.79 million
January 2026116.65 million
February 2026117.7 million
March 2026118.63 million
April 2026119.46 million
May 2026120.45 million
June 2026121.59 million
July 2026122.86 million
August 2026124.05 million

data.indiadispatch.com

Credit card payments

Cardholders made 632.4 million credit-card payments worth ₹2.02 trillion (≈ ₹2.02 lakh crore) ($21 billion) in August 2026

Payment value excludes credit-card cash withdrawals.

Payment value · August 2026₹2.02 trillion$21 billion
Axis in INR. Paired USD values use the site’s dated reference rate. Credit card payment value. Latest shown reading: ₹2.02 trillion ($21 billion) in August 2026.
Credit card payment value, observations in the selected range
PeriodValue in Indian rupeesUS dollar equivalent at the site’s dated reference rate
August 2023₹1.49 trillion$15.4 billion
September 2023₹1.42 trillion$14.8 billion
October 2023₹1.79 trillion$18.5 billion
November 2023₹1.61 trillion$16.7 billion
December 2023₹1.65 trillion$17.1 billion
January 2024₹1.66 trillion$17.3 billion
February 2024₹1.49 trillion$15.5 billion
March 2024₹1.64 trillion$17.1 billion
April 2024₹1.56 trillion$16.2 billion
May 2024₹1.65 trillion$17.1 billion
June 2024₹1.59 trillion$16.5 billion
July 2024₹1.73 trillion$17.9 billion
August 2024₹1.68 trillion$17.5 billion
September 2024₹1.76 trillion$18.3 billion
October 2024₹2.02 trillion$20.9 billion
November 2024₹1.69 trillion$17.6 billion
December 2024₹1.88 trillion$19.5 billion
January 2025₹1.84 trillion$19.1 billion
February 2025₹1.67 trillion$17.4 billion
March 2025₹2.01 trillion$20.9 billion
April 2025₹1.84 trillion$19.1 billion
May 2025₹1.9 trillion$19.7 billion
June 2025₹1.83 trillion$19 billion
July 2025₹1.94 trillion$20.1 billion
August 2025₹1.91 trillion$19.8 billion
September 2025₹2.17 trillion$22.5 billion
October 2025₹2.14 trillion$22.2 billion
November 2025₹1.89 trillion$19.6 billion
December 2025₹2.05 trillion$21.3 billion
January 2026₹1.99 trillion$20.7 billion
February 2026₹1.77 trillion$18.4 billion
March 2026₹2.19 trillion$22.8 billion
April 2026₹1.97 trillion$20.5 billion
May 2026₹2.03 trillion$21 billion
June 2026₹2.01 trillion$20.9 billion
July 2026₹2.08 trillion$21.6 billion
August 2026₹2.02 trillion$21 billion
Payment volume · August 2026632.4 million
Monthly credit-card payment transactions across reporting banks. Credit card payment volume. Latest shown reading: 632.4 million in August 2026.
Credit card payment volume, observations in the selected range
PeriodTransactions
August 2023290.6 million
September 2023273.9 million
October 2023320 million
November 2023297.1 million
December 2023321.5 million
January 2024329 million
February 2024311.2 million
March 2024343.9 million
April 2024344.2 million
May 2024360.1 million
June 2024357.9 million
July 2024383.8 million
August 2024390 million
September 2024392.2 million
October 2024433.2 million
November 2024393.6 million
December 2024432.8 million
January 2025430.6 million
February 2025397 million
March 2025458.7 million
April 2025450.3 million
May 2025467.7 million
June 2025458.7 million
July 2025486.2 million
August 2025493.6 million
September 2025495.2 million
October 2025518.3 million
November 2025503 million
December 2025539.8 million
January 2026539.7 million
February 2026493.8 million
March 2026577.5 million
April 2026559.5 million
May 2026595.5 million
June 2026581.3 million
July 2026605.3 million
August 2026632.4 million

data.indiadispatch.com

Online vs swipe

60.7% of credit-card payment value was online in August 2026

The remaining value was reported at physical points of sale or in RBI's separately reported other channel.

Online credit-card payment value as a share of all payment value reported by banks. Cash withdrawals are excluded. Online share of credit-card payment value. Latest shown reading: 60.7% in August 2026.
Online share of credit-card payment value, observations in the selected range
PeriodPercent
August 202364.4%
September 202365.3%
October 202367.6%
November 202363.3%
December 202364.7%
January 202464.8%
February 202463.5%
March 202463.3%
April 202460.4%
May 202461.3%
June 202462.6%
July 202463.9%
August 202462.5%
September 202465.5%
October 202460.7%
November 202459.7%
December 202461.1%
January 202562.3%
February 202562.8%
March 202564.5%
April 202563.1%
May 202563.3%
June 202563.1%
July 202563.7%
August 202561.9%
September 202566.5%
October 202558.7%
November 202559.9%
December 202561.6%
January 202661.8%
February 202661.9%
March 202664.2%
April 202662.5%
May 202662.2%
June 202663.1%
July 202663.6%
August 202660.7%

data.indiadispatch.com

Source: Reserve Bank of India, India Dispatch Research

Largest card books

The ten largest bank books held 89% of India’s credit cards in August 2026

Shares use cards outstanding at month end.

01HDFC Bank27.1 million
02State Bank of India22.96 million
03ICICI Bank19.83 million
04Axis Bank16.29 million
05IDFC First Bank4.95 million
06Kotak Mahindra Bank4.89 million
07RBL Bank4.69 million
08Bank of Baroda3.38 million
09Yes Bank3.08 million
10IndusInd Bank2.98 million

data.indiadispatch.com

Card-book changes

State Bank of India added 193,294 credit cards while SBM Bank India reduced its credit-card book by 25,578 in August 2026

Each figure is the net change in cards outstanding at month end.

One-month changes in bank card books

cards

Showing 6 of 63 observations, including the smallest and largest reported values. Full series and every observation

  1. Bank Of BarodaAugust 2026
    101,670
  2. Canara BankAugust 2026
    96,154
  3. State Bank Of IndiaAugust 2026
    193,294
  4. HDFC BankAugust 2026
    122,669
  5. ICICI BankAugust 2026
    140,498
  6. SBM Bank IndiaAugust 2026
    −25,578
0

July 2026 to August 2026

Current cards less prior cards for matching stable bank IDs. Banks missing in either release are omitted, not treated as zero.

Source: Reserve Bank of India

Chart notes

Bars compare the reported observations on the same scale. The marked zero is not a missing observation. Missing observations are not zero.

One-month changes in bank card books. Every supplied observation. Unit: cards. July 2026 to August 2026. Source: Reserve Bank of India
ObservationPeriodValueUS dollar equivalent where applicable
Bank Of BarodaAugust 2026101,670Not applicable
Bank Of IndiaAugust 202615,377Not applicable
Bank Of MaharashtraAugust 20260Not applicable
Canara BankAugust 202696,154Not applicable
Central Bank Of IndiaAugust 20260Not applicable
Indian BankAugust 20267,041Not applicable
Indian Overseas BankAugust 202610,461Not applicable
Punjab And Sind BankAugust 20260Not applicable
Punjab National BankAugust 202636,965Not applicable
State Bank Of IndiaAugust 2026193,294Not applicable
UCO BankAugust 20260Not applicable
Union Bank Of IndiaAugust 2026−1,596Not applicable
Axis BankAugust 202632,789Not applicable
Bandhan BankAugust 20262,403Not applicable
City Union BankAugust 20263,436Not applicable
CSB BankAugust 2026518Not applicable
Dcb BankAugust 20266,830Not applicable
Dhanalaxmi BankAugust 2026535Not applicable
Federal BankAugust 202694,263Not applicable
HDFC BankAugust 2026122,669Not applicable
ICICI BankAugust 2026140,498Not applicable
IDBI BankAugust 2026981Not applicable
IDFC First BankAugust 202661,090Not applicable
IndusInd BankAugust 20262,468Not applicable
Jammu And Kashmir BankAugust 2026−13,258Not applicable
Karnataka BankAugust 20260Not applicable
Karur Vysya BankAugust 2026−417Not applicable
Kotak Mahindra BankAugust 202638,552Not applicable
Nainital BankAugust 20260Not applicable
RBL BankAugust 202615,643Not applicable
South Indian BankAugust 2026−3,111Not applicable
Tamilnad Mercantile BankAugust 2026−31Not applicable
Yes BankAugust 202641,774Not applicable
American Express Banking CorporationAugust 2026669Not applicable
Bank Of AmericaAugust 20260Not applicable
Bank Of Bahrain & Kuwait B.S.C.August 20260Not applicable
Barclays Bank PlcAugust 20260Not applicable
Citi BankAugust 20261,712Not applicable
DBS Bank IndiaAugust 202624,769Not applicable
Deutsche BankAugust 20260Not applicable
Doha Bank Q.P.S.C.August 20260Not applicable
HSBCAugust 202619,591Not applicable
Keb Hana BankAugust 20260Not applicable
Kookmin BankAugust 20260Not applicable
SBM Bank IndiaAugust 2026−25,578Not applicable
Standard Chartered BankAugust 2026−17,017Not applicable
Woori BankAugust 20260Not applicable
Airtel Payments BankAugust 20260Not applicable
Fino Payments BankAugust 20260Not applicable
India Post Payments BankAugust 20260Not applicable
Jio Payments BankAugust 20260Not applicable
Nsdl Payments BankAugust 20260Not applicable
Au Small Finance BankAugust 202632,385Not applicable
Capital Small Finance BankAugust 20260Not applicable
Equitas Small Finance BankAugust 20261,556Not applicable
Esaf Small Finance BankAugust 202650Not applicable
Jana Small Finance BankAugust 20260Not applicable
Slice Small Finance BankAugust 202681,233Not applicable
Shivalik Small Finance BankAugust 20260Not applicable
Suryoday Small Finance BankAugust 20263,590Not applicable
Ujjivan Small Finance BankAugust 20260Not applicable
Unity Small Finance BankAugust 202647,174Not applicable
Utkarsh Small Finance BankAugust 202618,518Not applicable

data.indiadispatch.com

Compared with July 2026

Most cards added

Net change
  1. 01State Bank of India+193,294
  2. 02ICICI Bank+140,498
  3. 03HDFC Bank+122,669
  4. 04Bank of Baroda+101,670
  5. 05Canara Bank+96,154
  6. 06Federal Bank+94,263
  7. 07Slice Small Finance Bank+81,233
  8. 08IDFC First Bank+61,090
  9. 09Unity Small Finance Bank+47,174
  10. 10Yes Bank+41,774

Most cards withdrawn

Net change
Banks with credit-card book reductions, compared with July 2026
BankReduction
SBM Bank India25,578
Standard Chartered Bank17,017
Jammu and Kashmir Bank13,258
South Indian Bank3,111
Union Bank of India1,596
Karur Vysya Bank417
Tamilnad Mercantile Bank31

7 banks recorded a net reduction in this period.

data.indiadispatch.com

Cash withdrawals

Full series: Debit-card cash withdrawals

Debit-card cash withdrawals

Debit cards dispensed ₹2.24 trillion (≈ ₹2.24 lakh crore) ($23.2 billion) in cash in August 2026

Cash withdrawn on debit cards at ATMs and PoS terminals.

Monthly cash-withdrawal value reported for debit cards across banks. Axis in INR. Paired USD values use the site’s dated reference rate. Debit-card cash withdrawal value. Latest shown reading: ₹2.24 trillion ($23.2 billion) in August 2026.
Debit-card cash withdrawal value, observations in the selected range
PeriodValue in Indian rupeesUS dollar equivalent at the site’s dated reference rate
August 2023₹2.72 trillion$28.2 billion
September 2023₹2.59 trillion$26.9 billion
October 2023₹2.76 trillion$28.7 billion
November 2023₹2.75 trillion$28.6 billion
December 2023₹2.68 trillion$27.8 billion
January 2024₹2.59 trillion$26.9 billion
February 2024₹2.56 trillion$26.6 billion
March 2024₹2.77 trillion$28.7 billion
April 2024₹2.64 trillion$27.5 billion
May 2024₹2.59 trillion$26.9 billion
June 2024₹2.54 trillion$26.4 billion
July 2024₹2.49 trillion$25.8 billion
August 2024₹2.54 trillion$26.3 billion
September 2024₹2.44 trillion$25.3 billion
October 2024₹2.84 trillion$29.5 billion
November 2024₹2.4 trillion$25 billion
December 2024₹2.51 trillion$26.1 billion
January 2025₹2.51 trillion$26 billion
February 2025₹2.34 trillion$24.3 billion
March 2025₹2.63 trillion$27.3 billion
April 2025₹2.43 trillion$25.3 billion
May 2025₹2.45 trillion$25.4 billion
June 2025₹2.29 trillion$23.7 billion
July 2025₹2.32 trillion$24.1 billion
August 2025₹2.39 trillion$24.8 billion
September 2025₹2.3 trillion$23.8 billion
October 2025₹2.5 trillion$26 billion
November 2025₹2.34 trillion$24.3 billion
December 2025₹2.39 trillion$24.8 billion
January 2026₹2.39 trillion$24.8 billion
February 2026₹2.3 trillion$23.9 billion
March 2026₹2.48 trillion$25.8 billion
April 2026₹2.3 trillion$23.9 billion
May 2026₹2.3 trillion$23.9 billion
June 2026₹2.16 trillion$22.5 billion
July 2026₹2.19 trillion$22.8 billion
August 2026₹2.24 trillion$23.2 billion

data.indiadispatch.com

Source: Reserve Bank of India, India Dispatch Research

UPI: The Unified Payments Interface, India’s shared network for instant payments between bank accounts. Definition and conventionsWALR: Weighted average lending rate, an average of bank lending rates weighted by the relevant loan amounts. Fresh-loan and outstanding-loan rates are different measures. Definition and conventionsWADTDR: Weighted average domestic term-deposit rate, an average of rates on domestic term deposits weighted by deposit amounts. Fresh and outstanding deposit rates are separate measures. Definition and conventionsMCLR: Marginal cost of funds based lending rate, a bank’s published lending benchmark. It is not the same as every borrower’s actual loan rate. Definition and conventionsRepo rate: The Reserve Bank of India’s policy rate for lending to banks against eligible securities. It is a policy rate, not a consumer loan rate. Definition and conventionsMCC: A merchant category code, the four-digit code used to group merchants by their main business. It classifies the merchant, not every item bought. Definition and conventions