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What is the RBI Digital Payments Index (RBI-DPI) score?

The RBI Digital Payments Index stood at 516.76 for September 2025 (RBI), against 493.22 for March 2025. That is 4.8% higher over six months and 11.1% higher than the 465.33 for September 2024. The index uses March 2018 as the base of 100.

Source · RBI, figure for September 2025 · checked

Sep 2023: 418.77 index points418.77Sep 2023 Mar 2024: 445.5 index points445.5Mar 2024 Sep 2024: 465.33 index points465.33Sep 2024 Mar 2025: 493.22 index points493.22Mar 2025 Sep 2025: 516.76 index points516.76Sep 2025
RBI Digital Payments Index (March 2018 = 100)

History

PeriodValue (index points)
Sep 2025516.76
Mar 2025493.22
Sep 2024465.33
Mar 2024445.5
Sep 2023418.77
516.76
RBI Digital Payments Index (March 2018 = 100) · September 2025
Range
445.50 in March 2024 to 516.76 in September 2025
Confidence
High: an official count
Last checked

The RBI publishes the index twice a year, for March and September, with March 2018 set to 100. The five readings from September 2023 to September 2025 are 418.77, 445.50, 465.33, 493.22 and 516.76.

The figures side by side

MeasureFigureSource
Index, September 2025516.76RBI, Feb 12, 2026
Index, March 2025493.22RBI, Jul 28, 2025
Index, September 2024465.33RBI, Jul 28, 2025
Index, March 2024445.50RBI, Jul 26, 2024
Index, September 2023418.77RBI, Jul 26, 2024

How we got this number

  1. Read the latest reading from the RBI's press release 'RBI - Digital Payments Index for September 2025', released on 12 February 2026: 516.76, against 493.22 for March 2025.
  2. Read the earlier readings from the RBI's releases for March 2025 (493.22 and 465.33 for September 2024) and March 2024 (445.50 and 418.77 for September 2023).
  3. Work out the rise as 516.76 less 493.22, which is 23.54 points, or 4.8% of 493.22. Compare with September 2024 (465.33) for the 11.1% rise over a year.

What this number does not tell you

  • The RBI releases each reading about four to five months after the reference month, so the latest reading is always old. I could not find a March 2026 reading on the RBI's site on 28 October 2026; check the RBI's press releases for a newer one.
  • The index is a score, not a count of payments. A rise means digital payments are used more widely, but it does not say by how many transactions.
  • The index is built by the RBI from several parameters. It is not comparable to a payments count from the NPCI.

Sources

  1. RBI, Digital Payments Index for September 2025, Feb 12, 2026The index for September 2025 stands at 516.76 as against 493.22 for March 2025. March 2018 (Base) 100
  2. RBI, Digital Payments Index for March 2025, Jul 28, 2025The index for March 2025 stands at 493.22 as against 465.33 for September 2024, which was announced on January 29, 2025.
  3. RBI, Digital Payments Index for March 2024, Jul 26, 2024The index for March 2024 stands at 445.50 as against 418.77 for September 2023.

Worked out by us: 23.54 (516.76 (September 2025) minus 493.22 (March 2025)); 4.8 (23.54 divided by 493.22, as a percentage, rounded to one decimal); 11.1 (516.76 (September 2025) minus 465.33 (September 2024), divided by 465.33, as a percentage, rounded to one decimal).

Questions people ask

What is the latest RBI Digital Payments Index?

516.76, for September 2025, released by the RBI on 12 February 2026.

What does 100 mean in the RBI-DPI?

March 2018 is the base period and is set to 100. A score of 516.76 means the index is 516.76 on that scale.

How often does the RBI publish the index?

Twice a year, for March and September. The March 2025 reading came out on 28 July 2025 and the September 2025 reading on 12 February 2026.

Read next

This figure is from RBI's own release or a report quoting it. We recheck it half-yearly. If you have a newer or better source, send it to us.

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