RBI announces Digital Payments Index for March 2022 at 349.30
- The Reserve Bank of India has announced Digital Payments Index (DPI) for March 2022 at 349.30 as against 304.06 for September 2021.
- RBI has introduced Digital Payments Index in January 2021 with March 2018 as the base year to capture the extent of digitisation of payments across the country. This means that the DPI score for March 2018 is set at 100.
- RBI has started publishing the Digital Payments Index (DPI) on a semi-annual basis from March 2021 onwards with a lag of 4 months. This means that the DPI will be released by RBI for March and September every year in the months of July and January respectively.
Points to remember:
- DPI for March 2022?
- How many times in year will RBI release DPI?