T7: Participation in major payment systems
(units; end of year)
Year
«  2021 › »
2017 2018 2019 2020 2021
Large-value payment systems
RTGS
Total number of participants2032312362392,166
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants203231236239239
Breakdown of 'directly connected participants' by participant type
Banks188214220223223
Central bank11111
Governmentnavnavnavnapnap
Postal institutionnavnavnavnapnap
Payment systems, central counterparties and securities settlement systems75555
Other711101010
Indirectly connected participantsnavnavnavnav1,927
Large-value and retail payment systems
NEFT
Total number of participants1922132172222,155
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants192213217222224
Breakdown of 'directly connected participants' by participant type
Banks190211215220222
Central bank11111
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Other11111
Indirectly connected participantsnavnavnavnav1,931
Retail payment systems
Card based payments
Total number of participants1,1461,1451,1541,1651,208
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants150148139103109
Breakdown of 'directly connected participants' by participant type
Banks104101889194
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Other4647511215
Indirectly connected participants9969971,0151,0621,099
Cheque clearing
Total number of participants1,6132,0052,1011,7401,769
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants270265276398379
Breakdown of 'directly connected participants' by participant type
Banks268263274396377
Central bank11111
Governmentnavnavnavnavnav
Postal institution11111
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participants1,3431,7401,8251,3421,390
ECS / NECS
Total number of participants 18033110
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants8033000
Breakdown of 'directly connected participants' by participant type
Banks7831000
Central bank11110
Governmentnavnavnavnav0
Postal institution11000
Payment systems, central counterparties and securities settlement systemsnavnavnavnav0
Othernavnavnavnav0
Indirectly connected participantsnavnavnavnav0
NACH
Total number of participants1,3121,3321,3771,3431,403
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants158162171161177
Breakdown of 'directly connected participants' by participant type
Banks158162171161177
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participants1,1541,1701,2061,1821,226
Fast payment systems
IMPS
Total number of participants362498559620643
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants362498559620643
Breakdown of 'directly connected participants' by participant type
Banks337472533594628
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Other2526262615
Indirectly connected participantsnavnavnavnavnav
UPI
Total number of participants109143143220297
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants109143143220297
Breakdown of 'directly connected participants' by participant type
Banks109143143220297
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.