The above graph represents the monthly distribution of credit card transactions at ATMs in India, in terms of volume and value. In July 2019, about 0.87 million (~9 lakh) transactions worth Rs 4.09 billion (Rs 409 crore) were completed through credit cards at ATMs. Both, the volume and value of ATM withdrawals using credit cards grew 7.4% and 5.4% month-over-month in India.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated17 September 2019
Graph ID461
DurationApril 2011 – July 2019

The usage of credit cards for cash withdrawal fell sharp in the month of November and December 2016, due to demonetisation of Rs 500 and Rs 1000 notes in India. In October 2016, there were 0.62 million transactions carried out through credit cards at ATMs, which declined to 0.40 million and 0.38 million in November and December month, respectively. The total value of transactions through credit cards at ATMs also declined from Rs 3 billion in October 2016 to just Rs 1.39 billion and Rs 0.88 billion in the following two months.

Interestingly, the maximum amount transacted by Indians using their credit cards at ATMs was Rs 4.18 billion (Rs 418 crore) in the month of October 2018. The total number of transactions also reached an all-time high of 0.91 million during the same month. That represented an impressive month-over-month growth of 13.7% and 12.4% in both volume and value of cash withdrawals through credit cards in India.

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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