The Reserve Bank of India (RBI) has announced that the Digital Payments Index (DPI) for March 2025 reached 493.22, marking an impressive rise from 465.33 in September 2024. This continued growth highlights the accelerating pace of digital adoption across India.
Launched in January 2021 with March 2018 as the base (index = 100), the RBI-DPI captures the extent of digitisation in the country’s payment landscape. The increase is primarily driven by significant improvements in Payment Infrastructure (Supply-Side) and Payment Performance.
📊 RBI-DPI Progression Over Time
| Period | Index Value |
|---|---|
| March 2018 (Base) | 100.00 |
| March 2019 | 153.47 |
| September 2019 | 173.49 |
| March 2020 | 207.84 |
| September 2020 | 217.74 |
| March 2021 | 270.59 |
| September 2021 | 304.06 |
| March 2022 | 349.30 |
| September 2022 | 377.46 |
| March 2023 | 395.57 |
| September 2023 | 418.77 |
| March 2024 | 445.50 |
| September 2024 | 465.33 |
| March 2025 | 493.22 |
RBI continues to publish the DPI semi-annually to monitor and promote a less-cash economy. The steady rise in the index reflects India’s commitment to digital financial inclusion and innovation in the payments ecosystem.
