Total Value of Card Transactions In India by Month

The below graph represents the total value of Card Transactions in India, by month. In October 2019, the total amount transacted through either credit or debit cards in India reached a record-high Rs 45,70.99 billion, with an impressive 17.4% M-o-M and 13.1% YoY growth.

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The above graph represents the total value of Card Transactions in India, by month. In October 2019, the total card transactions in India reached an all-time high of 1,517.66 million. Interestingly, the total amount transacted through either credit or debit cards in India also reached a record-high Rs 45,70.99 billion in the same month. That represented an impressive 17.4% M-o-M and 13.1% YoY increase in the value of card transactions recorded in the country.

Amount Transacted Through Credit or Debit Cards: History

RegionIndia
SourceReserve Bank of India (RBI)
Graph ID446
NoteIndia fiscal year starts from April 01

In October 2018, a total of 1,424.22 million card transactions worth Rs 4,041.87 billion were completed in India.

It’s important to note that India has seen a sudden decline in the volume and value of card transactions in November 2016, due to the demonetization of Rs 500 and Rs 1000 in the country. The number of transactions carried out through either credit or debit was 896.14 million in the month of November 2016, which declined from 1,032.14 million in October 2016. While the total amount transacted through cards declined from Rs 3,069.65 billion to Rs 1,823.25 billion during the same period. That represents a notable 40.6% month-over-month decline.

Note: From April 2011, RBI started releasing the data for Credit and Debit cards usage at ATMs. Before that, the total number of Credit/Debit card transactions includes only Credit/Debit usages at POS, not usage at ATMs. That’s the reason, a huge jump of 894.7% M-o-M in the total number of card transactions (Credit + Debit cards) in India noted in the month of April 2011. The total value of card transactions in India also increased from Rs 103.24 billion in March 2011 to a whopping Rs 1 billion in April 2011.

Digital Transactions In India: Additional Information

The internet revolution has resulted in exploded adoption of digital methods of transactions worldwide. The users of Credit & Debit cards, mobile and internet nowadays are far more aware and digitally empowered with making financial transactions. In the last few years, however, digital transactions have branched out into multiple types of financial transactions.

Started with the use of Credit and Debit cards at POS in large retail stores, digital transactions industry has come a long way. The introduction of mobile wallets and UPI have transformed the whole digital transaction industry in India. RTGS (Real Time Gross Settlement), NEFT (National Electronic Fund Transfer), CTS (Cheque Truncation System), IMPS (Immediate Payment Service), NACH (National Automated Clearing House), UPI (Unified Payments Interface) and PPI (Prepaid Payment Instruments) are the main type of financial transactions that fall under the Digital transaction category.

Digital transactions save time and money, resulting in a better bottom line. Customer experiences are also enhanced (think of the convenience of eSigning versus having to print a contract, sign it, and then return it by mail or fax). And digital transactions improve tracking capabilities, which helps reduce errors.

The exploded adoption of smartphones, mobile apps and mobile internet has helped Digital transaction industry to grow at an unprecedented rate. With more than 500 million smartphone users, India is one of the largest countries by the number of digital transactions that are recorded every month.


The above graph is a part of Dazeinfo GraphFarm – the most trusted source of hundreds of thousands of market graphs. Our team of researchers mines millions of data points every month to bring the most updated and validated set of data points representing the comprehensive view in a graphical format. From mobile to e-commerce, from Retail to healthcare, from startups to SMEs we have carefully designed thousands of graphs for those who value and understand the importance of data visualisation.