T8: Volume of transactions processed by selected payment systems
(millions, unless otherwise stated; total for the year)| Year | |||||
|---|---|---|---|---|---|
| 2012 | 2013 | 2014 | 2015 | 2016 | |
 Large-value payment systems | |||||
| RTGS | |||||
| Total gross volume | nap | 81 | 93 | 98 | 108 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nap | 81 | 93 | 98 | 108 |
| Direct debits | nap | nav | nav | nav | nav |
| Cheques | nap | nav | nav | nav | nav |
| Card and e-money payments | nap | nav | nav | nav | nav |
| Other payment instruments | nap | nav | nav | nav | nav |
| Partial breakdown of 'total gross volume' | |||||
| Of which: volume of settlement in the PS in question for other PSs | nap | nav | nav | nav | nav |
| Breakdown of 'volume of settlement in the PS in question for other PSs' by PS whose transactions are settled | |||||
| Concentration ratio in terms of volume (%) | nap | 40.93 | 40.85 | 40.50 | 40.59 |
| Large-value and retail payment systems | |||||
| NEFT | |||||
| Total gross volume | 394 | 661 | 928 | 1,253 | 1,622 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | 394 | 661 | 928 | 1,253 | 1,622 |
| Direct debits | nav | nav | nav | nav | nav |
| Cheques | nav | nav | nav | nav | nav |
| Card and e-money payments | nav | nav | nav | nav | nav |
| Other payment instruments | nav | nav | nav | nav | nav |
| Partial breakdown of 'total gross volume' | |||||
| Of which: volume of settlement in the PS in question for other PSs | nav | nav | nav | nav | nav |
| Breakdown of 'volume of settlement in the PS in question for other PSs' by PS whose transactions are settled | |||||
| Concentration ratio in terms of volume (%) | 58.55 | 59.81 | 57.02 | 59.64 | 57.00 |
| Retail payment systems | |||||
| Card based payments | |||||
| Total gross volume | 1,261 | 1,737 | 2,707 | 5,450 | 8,207 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nav | nav | nav | nav | nav |
| Direct debits | nav | nav | nav | nav | nav |
| Cheques | nav | nav | nav | nav | nav |
| Card and e-money payments | 1,261 | 1,737 | 2,707 | 5,450 | 8,207 |
| Other payment instruments | nav | nav | nav | nav | nav |
| Number of netting cycles | 1 | 1 | 1 | 1 | 1 |
| Cheque clearing | |||||
| Total gross volume | 1,314 | 1,257 | 1,196 | 1,096 | 1,207 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nav | nav | nav | nav | nav |
| Direct debits | nav | nav | nav | nav | nav |
| Cheques | 1,314 | 1,257 | 1,196 | 1,096 | 1,207 |
| Card and e-money payments | nav | nav | nav | nav | nav |
| Other payment instruments | nav | nav | nav | nav | nav |
| Number of netting cycles | 2 | 2 | 2 | 2 | 2 |
| ECS / NECS | |||||
| Total gross volume | 299 | 345 | 341 | 264 | 19 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | 122 | 153 | 115 | 39 | 10 |
| Direct debits | 177 | 193 | 226 | 225 | 9 |
| Cheques | nav | nav | nav | nav | nav |
| Card and e-money payments | nav | nav | nav | nav | nav |
| Other payment instruments | nav | nav | nav | nav | nav |
| Number of netting cycles | 2 | 2 | 2 | 2 | 2 |
| NACH | |||||
| Total gross volume | nap | 87 | 340 | 1,425 | 2,057 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nap | 86 | 336 | 1,361 | 1,701 |
| Direct debits | nap | 0 | 4 | 64 | 356 |
| Cheques | nap | nav | nav | nav | nav |
| Card and e-money payments | nap | nav | nav | nav | nav |
| Other payment instruments | nap | nav | nav | nav | nav |
| Number of netting cycles | nap | nap | nap | nap | nap |
| Fast payment systems | |||||
| IMPS | |||||
| Total gross volume | 1 | 15 | 78 | 221 | 507 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | 1 | 15 | 78 | 221 | 507 |
| Direct debits | nav | nav | nav | nav | nav |
| Cheques | nav | nav | nav | nav | nav |
| Card and e-money payments | nav | nav | nav | nav | nav |
| Other payment instruments | nav | nav | nav | nav | nav |
| Number of netting cycles | nap | nap | nap | nap | 4 |
| UPI | |||||
| Total gross volume | nap | nap | nap | nap | 18 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nap | nap | nap | nap | 18 |
| Direct debits | nap | nap | nap | nap | nav |
| Cheques | nap | nap | nap | nap | nav |
| Card and e-money payments | nap | nap | nap | nap | nav |
| Other payment instruments | nap | nap | nap | nap | nav |
| Number of netting cycles | nap | nap | nap | nap | 4 |