The above graph represents the total value of RTGS transactions in India by month, starting from April 2004 to July 2019. RTGS (Real-Time Gross Settlement) is an electronic fund transfer system in which the transactions are processed continuously on a transaction by transaction basis throughout the RTGS business hours. The RTGS system handled 12.74 million transactions valued at Rs 1,60,041.94 billion (Rs 160.04 trillion) in July 2019, up from 11.83 million transactions valued at Rs 1,52,991.31 billion (~Rs 153 trillion) in the previous month.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated14 September 2019
Graph ID450
DurationFrom April 2004 to July 2019

Surprisingly, in March 2019, India has witnessed a whopping 30.2% month-over-month growth in the value of RTGS transactions. Total Rs 1,90,693.10 billion (Rs 190.69 trillion) funds were transferred through the RTGS system, compared to Rs 1,46,468.19 billion in the previous month.

March 2017 was the very first time when the total value of RTGS transactions was crossed Rs 150-trillion mark. RTGS system handled about 12.54 million transactions valued at Rs 1,54,094.85 billion (Rs 154.09 trillion) in March 2017, up from 9.11 million transactions valued at Rs 95,266.75 billion (Rs 95.27 trillion) in the previous month.

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.

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