{
 "name": "India RBI Digital Payments Index (RBI-DPI) — Semi-annual Composite, Base March 2018 = 100",
 "unit": "index value (base March 2018 = 100)",
 "dashboard": "https://bankpulse.ai/dashboards/digital-payments-index/",
 "source": "RBI Digital Payments Index (RBI-DPI) press releases & RBI Database on Indian Economy (DBIE), rbi.org.in",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-20T02:01:41+05:30",
 "dateModified": "2026-06-20T02:01:41+05:30",
 "note": "Official RBI-DPI readings, rounded and approximate. Base period March 2018 = 100. Published semi-annually (March & September) with a ~4-month lag, built from five weighted parameters: Payment Enablers, Payment Infrastructure (demand side), Payment Infrastructure (supply side), Payment Performance and Consumer Centricity. The latest reading is provisional and subject to revision. Exact decimals pending reviewer sign-off; not in the public Verified-numbers ledger.",
 "series": [
  {
   "period": "Mar 2018",
   "index_value": "100",
   "note": "Base period — index set to 100"
  },
  {
   "period": "Mar 2019",
   "index_value": "153",
   "note": "First annual reading — rapid early digitisation"
  },
  {
   "period": "Mar 2020",
   "index_value": "208",
   "note": "Pre-pandemic; UPI scaling fast"
  },
  {
   "period": "Mar 2021",
   "index_value": "271",
   "note": "COVID-19 push to contactless/online payments"
  },
  {
   "period": "Mar 2022",
   "index_value": "349",
   "note": "UPI + cards + PPIs broaden reach"
  },
  {
   "period": "Mar 2023",
   "index_value": "396",
   "note": "Growth continues, base effect slows the pace"
  },
  {
   "period": "Mar 2024",
   "index_value": "446",
   "note": "Deepening usage and infrastructure"
  },
  {
   "period": "Sep 2024",
   "index_value": "465",
   "note": "Latest firmly-reported reading"
  },
  {
   "period": "Mar 2025",
   "index_value": "~470",
   "note": "Provisional / indicative — pending reviewer confirmation"
  }
 ]
}