The above graph represents the monthly distribution of the debit card transactions at ATMs in India, in volume and value terms. With 1,236.82 million transactions worth Rs 3,402.36 billion in July 2019, Debit cards continue to dominate the digital payments industry in India. Interestingly, out of that, about 816 million transactions worth Rs 2,821.35 billion were taken place via ATM machines. To put things in context, ATM withdrawals accounted for nearly 66% of the total debit card transactions in India in July month.

SourceReserve Bank of India (RBI)
Last Updated17 September 2019
Graph ID464
DurationApril 2011 – July 2019

India has witnessed the highest-ever cash transactions from debit cards in the month of December 2018, in terms of volume and value. About 914.31 million ATM transactions were carried out through debit cards in the country, which worth over Rs 3,139 billion.

While in November 2016, the cash withdrawals through debit cards in India reached the lowest, due to demonetisation of Rs 500 and Rs 1000 notes. The total number of transactions done by Indians using their debit cards at ATMs declined from 802.06 million in October 2016 to 561.36 million in November 2016. The amount transacted through debit cards at ATMs also declined from Rs 2,547.81 billion to Rs 1,234.52 billion during the same period.

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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