T7: Participation in major payment systems
(units; end of year)
Year
«  2020 › »
2016 2017 2018 2019 2020
Large-value payment systems
RTGS
Total number of participants198203231236239
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants198203231236239
Breakdown of 'directly connected participants' by participant type
Banks183188214220223
Central bank11111
Governmentnavnavnavnavnap
Postal institutionnavnavnavnavnap
Payment systems, central counterparties and securities settlement systems77555
Other77111010
Indirectly connected participantsnavnavnavnavnav
Large-value and retail payment systems
NEFT
Total number of participants183192213217222
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants183192213217222
Breakdown of 'directly connected participants' by participant type
Banks181190211215220
Central bank11111
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Other11111
Indirectly connected participantsnavnavnavnavnav
Retail payment systems
Card based payments
Total number of participants8721,1461,1451,1541,165
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants142150148139103
Breakdown of 'directly connected participants' by participant type
Banks931041018891
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Other4946475112
Indirectly connected participants7309969971,0151,062
Cheque clearing
Total number of participants1,3561,6132,0052,1011,740
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants270270265276398
Breakdown of 'directly connected participants' by participant type
Banks268268263274396
Central bank11111
Governmentnavnavnavnavnav
Postal institution11111
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participants1,0861,3431,7401,8251,342
ECS / NECS
Total number of participants 1123803311
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants123803300
Breakdown of 'directly connected participants' by participant type
Banks121783100
Central bank11111
Governmentnavnavnavnavnav
Postal institution11100
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participantsnavnavnavnavnav
NACH
Total number of participants1,2431,3121,3321,3771,343
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants148158162171161
Breakdown of 'directly connected participants' by participant type
Banks148158162171161
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participants1,0951,1541,1701,2061,182
Fast payment systems
IMPS
Total number of participants204362498559620
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants204362498559620
Breakdown of 'directly connected participants' by participant type
Banks181337472533594
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Other2325262626
Indirectly connected participantsnavnavnavnavnav
UPI
Total number of participants45109143143220
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants45109143143220
Breakdown of 'directly connected participants' by participant type
Banks45109143143220
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participantsnavnavnavnavnav
 1  2019: The ECS system has been migrated to NACH in a phased manner and ECS was completely discontinued from February 2020. As on December 2019 only one ECS centre was live.