India: volume of retail electronic clearing by type 2022

The volume of Unified Payment Interface within the retail electronic clearing in India for the fiscal year 2022 was approximately 46 billion. Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the Peer to Peer collect request which can be scheduled and paid as per requirement and convenience.

Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions)

Characteristic	ECS DR	ECS CR (Includes NECS)	EFT/NEFT	Immediate Payment Service	Unified Payment Interface	National Automated Clearing House
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Release date

September 2022

More information

Region

India

Survey time period

FY 2014 to FY 2022

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

Values have been rounded.

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