Value of card payments India FY 2014-2024

Published by Sandhya Keelery, Feb 18, 2025

The value of card payments in India for the fiscal year 2024 amounted to approximately 24 trillion Indian rupees, an increase from the previous year. Except financial year 2021,there has been consistent increase in card payments since fiscal year 2014, as a result of the government's initiative to digitize the country, catalyzed by the demonetization of currency notes in November 2016.

Value of card payments in India from financial year 2014 to 2024 (in trillion Indian rupees)

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Release date

September 2024

Region

India

Survey time period

FY 2014 to FY 2024

Special properties

including credit and debit cards

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2024 started in April 2023 and ended in March 2024. 

One Indian rupee is equal to 0.011 euros and 0.012 dollars (as of February 2025). 

Values have been rounded.

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