The above graph represents the total value of debit card transactions at ATMs in India, on a monthly basis. Despite an increase in the number of transactions, the amount transacted through debit cards at ATMs declined from Rs 2,834.03 billion in June 2019 to Rs 2,821.35 billion in July 2019.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated17 September 2019
Graph ID463
DurationApril 2011 – July 2019

One must note that in July 2019, a whopping 82.9% of the total amount transacted through debit cards in India came from ATM withdrawals.

Interestingly, in December 2018, the usage of debit cards for cash withdrawal reached a new peak, both in terms of volume and value. A total of 914.31 million ATM transactions worth over Rs 3,139 billion were carried out by Indians using their debit cards.

As the graph shows, in April 2011, about Rs 1,061.65 billion amount of cash was withdrawn through debit cards in India, which increased to Rs 1,565.54 billion in the next two years. It was the first time in April 2015 when the total amount transacted through debit cards at ATMs touched Rs 2,000.73 billion mark.

It’s important to note that the usage of debit cards for cash withdrawals fell sharply in the month of November and December 2016, due to demonetisation in India. While the number of debit card transactions at ATMs declined from 802 million in October 2016 to 561 million in November 2016, the total amount transacted also declined from Rs 2,547.8 billion to Rs 1,234.5 billion during the same period. In fact, in the December month, only Rs 849.34 billion cash notes were withdrawn using debit cards in India – that’s the minimum amount transacted ever through debit cards in a single month.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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