Number of RTGS Transactions In India by Month

The below graph represents the monthly distribution of the total number of RTGS transactions in India, starting from April 2004 to October 2019. India recorded an impressive 12.7% month-over-month growth in RTGS transactions volume, totaling 12.9 million in the month of October 2019.

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The above graph represents the total number of RTGS transactions in India by month, starting from April 2004 to October 2019. The RTGS (Real Time Gross Settlement) is an electronic form of funds transfer where the transmission takes place on a real-time basis. India recorded about 12.9 million RTGS transactions valued at Rs 1,38,614.15 billion in the month of October 2019. That’s an impressive 12.7% month-over-month growth in RTGS transaction volume.

RegionIndia
SourceReserve Bank of India (RBI)
Graph ID449
NoteIndia fiscal year starts from April 01

When compared to the year-ago period, India recorded nearly 8.7% growth in RTGS transaction volume.

As the graph shows, India has been recording a significant growth in the number of RTGS transactions in the March month of every year. In March 2012, the number of transactions carried out through RTGS in India was about 6.34 million, which increased to 8.64 million in March 2014.

Interestingly, in March 2017, the number of RGTS transactions in India crossed the 10-million mark for the first time. The total transaction volume grew from 12.54 million in March 2017 to 13.64 million in March 2019 – the highest-ever till date.

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.