Skip to main content

Upi money transactions hit new highs in january india

Digital money transfer has become increasingly popular among the people in the last few years. In this regard, the number of money transactions through India's Unified Payments Interface (UPI) is increasing every month.

Upi money transactions hit new highs in january india
Upi money transactions

What is the growth in UPI transactions in India

New Delhi: UPI transactions hit a new high of 1.70 crore in January, according to NBCI data. 
 
Accordingly, UPI transactions increased by 1.60 per cent to 1.69 crore in January, up from 1.67 crore in December 2024.

This is a new record in terms of number since the digital payment system was launched in April 2016.

The number of daily transactions for January was 1.43 crore, up from 1.42 crore in December. The value of daily transactions increased to Rs 19,562 crore in January.

Compared to the same month of the previous fiscal, the number of digital money transactions in January increased by 39 per cent and by 28 per cent in value.

Similarly, the number of transactions in other digital money transactions, such as 'IMPS', also increased by 0.70 per cent to 44.4 crore in January.

This was 44.1 crore in December. In value terms, it was Rs 6.06 lakh crore in January.

Another transaction, 'FASTag', decreased by 0.50 per cent to 38 crore in January.

This was 38.2 crore in December. In value terms, it was Rs 6,614 crore, the data shows.

 

Tags:

Comments

Post a Comment

Like this 22k jewelers blog?

Popular posts from this blog

What are the retirement expectations of Indian youth?

A majority of the Indian youth want to retire early and are expecting a large pension, a study has revealed.    Retirement plan Retirement preferences of Indian youth In a survey conducted by Grant Thornton Bharat among various stakeholders across India to find out about retirement planning, more than 55 percent of the participants said that they expect a pension of more than Rs 1 lakh per month during retirement. However, it has also been revealed that the savings they have made are not enough to compensate for this. This study reveals that there is a huge gap between pension preferences and retirement planning.  Most of the participants in the study said that they want to retire before the age of 45 to 55. However, they rely on traditional means such as provident fund, national pension scheme, and gratuity for retirement planning. More than 76 percent of the participants in the study said that they have not invested in annuity plans. The study emphasizes ...
Post a Comment
Read more

This gold price is not permanent.

This gold price is not permanent, but when people think of a problem in the country, they buy gold first. It is good to buy as much as needed, but buying too much is foolish. When there is a famine, the things they buy are food, clothing, and money. If we don't have money, it is difficult to sell gold for urgent needs. Gold price Gold market crash history   Will there ever be a situation where gold , which has been rising very, very rapidly in a short period of time, will become a commodity? Studies on gold say that it may come. If we look at the price of gold over the past 50 years, rather than just 10 or 20 years, it seems that what you are saying has happened. That is, in September 1980, the price of 1 ounce of gold touched $666. 19 years later, in September 1999, the same 1 ounce of gold was sold for $255. A 62 percent decline. An ounce did not touch $666 again until 2007. That is, 27 years later. Next, in 2012, 1 ounce of gold touched $1,772. But, in just three ye...
Post a Comment
Read more

No tax on gold, gold prices plummet

New Delhi, Aug. 13-Gold prices fell by nearly two percent in the international market yesterday after US President Trump announced that there would be no tax on gold. Gold price gold price fall reasons The US Customs Department issued a statement last week that the tax would also apply to gold bars . Following this, prices rose sharply. The price of one ounce of gold, i.e. about 28.35 grams, reached a new high of Rs 3 lakh. White House sources said at the time that the tax would be applicable and that an official clarification would be made soon. Following this, Trump announced on his Truth Social social networking site the day before yesterday that 'there will be no tax on gold '. This announcement allayed investors' fears regarding price hike, leading to high selling of gold. Following this, the price of one ounce of gold fell below Rs 2.90 lakh. The international market situation was also reflected in India. In the last 2 days in Chennai, the price of 22-ka...
Post a Comment
Read more