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UPI Top 50 Banks Performance (December'21)

UPI Remitter Banks - Top 50 Banks (December'21)
Sr. No.	UPI Remitter Banks (December-2021)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,296.56	88.63%	6.94%	4.43%	18.29	82.07%
2	HDFC BANK LTD	410.13	94.62%	5.19%	0.19%	2.70	96.87%
3	Bank of Baroda	289.10	92.61%	7.20%	0.19%	2.02	99.67%
4	Union Bank of India	281.76	91.10%	8.50%	0.40%	2.85	83.54%
5	ICICI Bank	280.71	95.19%	4.70%	0.11%	1.48	90.80%
6	Paytm Payments Bank	267.13	94.73%	4.71%	0.56%	1.73	82.09%
7	Axis Bank Ltd	254.57	95.84%	4.14%	0.02%	1.35	98.45%
8	Punjab National Bank	218.34	88.55%	7.94%	3.51%	3.40	80.82%
9	Canara Bank	205.52	92.33%	7.26%	0.41%	1.44	98.23%
10	Kotak Mahindra Bank	181.89	93.45%	5.37%	1.18%	2.45	83.15%
11	Bank of India	169.10	93.92%	4.84%	1.24%	1.96	84.98%
12	Indian Bank	114.41	90.66%	5.92%	3.42%	3.65	61.32%
13	Central Bank Of India	94.11	92.17%	6.75%	1.08%	1.50	86.15%
14	IDBI Bank Limited	66.97	93.33%	5.69%	0.98%	0.67	75.05%
15	Federal Bank	60.58	94.26%	5.19%	0.55%	0.48	87.25%
16	Airtel Payments Bank	59.33	86.17%	12.36%	1.47%	0.56	85.12%
17	Bank of Maharashtra	57.93	94.01%	5.18%	0.81%	0.46	75.97%
18	Indian Overseas Bank	56.25	93.09%	6.05%	0.86%	0.69	76.76%
19	UCO Bank	48.69	88.99%	7.69%	3.32%	1.18	42.60%
20	Yes Bank Ltd	46.64	91.38%	7.56%	1.06%	0.25	64.86%
21	Karnataka Bank	43.84	89.30%	7.11%	3.59%	1.21	22.46%
22	INDUSIND BANK	39.46	92.07%	7.25%	0.68%	0.39	89.48%
23	India Post Payment Bank	38.48	80.61%	18.53%	0.86%	0.26	93.63%
24	Karur Vysya Bank	28.02	89.04%	9.10%	1.86%	0.37	70.61%
25	IDFC FIRST Bank	26.73	93.78%	5.63%	0.59%	0.27	59.96%
26	Fino Payments Bank	20.95	76.07%	21.87%	2.06%	0.19	97.28%
27	South Indian Bank	19.63	93.51%	6.31%	0.18%	0.13	95.48%
28	Bandhan Bank	19.21	85.69%	13.54%	0.77%	0.17	14.16%
29	Citibank	15.31	94.27%	4.78%	0.95%	0.16	99.77%
30	City Union Bank	15.01	91.92%	6.66%	1.42%	0.17	81.96%
31	DBS Bank India Limited	13.68	94.47%	4.98%	0.55%	0.10	77.68%
32	Standard Chartered	12.87	96.74%	2.96%	0.30%	0.07	88.88%
33	Equitas Bank	12.44	83.95%	15.18%	0.87%	0.12	84.47%
34	Andhra Pradesh Grameena Vikas Bank	11.59	74.97%	16.26%	8.77%	0.43	12.41%
35	Ujjivan Small Finance Bank	11.45	90.01%	7.63%	2.36%	0.23	40.56%
36	Tamilnad Mercantile Bank	10.45	86.08%	10.67%	3.25%	0.18	32.99%
37	Maharashtra Gramin Bank	10.03	82.04%	16.35%	1.61%	0.12	40.89%
38	Saraswat Bank	9.97	95.54%	4.16%	0.30%	0.06	84.27%
39	AU small Finance Bank	9.90	91.56%	6.14%	2.30%	0.22	17.99%
40	Pragathi Krishna Gramin Bank	9.74	87.65%	11.75%	0.60%	0.09	84.30%
41	Jammu and Kashmir Bank	9.66	88.35%	10.63%	1.02%	0.09	73.99%
42	Punjab and Sind Bank	8.97	76.81%	19.05%	4.14%	0.21	33.62%
43	Andhra Pragathi Grameena Bank	7.75	72.43%	22.48%	5.09%	0.25	16.01%
44	Kerala Gramin Bank	7.06	86.83%	12.74%	0.43%	0.05	92.28%
45	Rajasthan Marudhara Gramin Bank	7.01	75.74%	18.39%	5.87%	0.22	18.85%
46	ESAF Small Finance Bank Ltd.	6.80	83.09%	13.99%	2.92%	0.05	84.83%
47	RBL	5.97	90.55%	8.48%	0.97%	0.06	68.16%
48	Baroda Rajasthan Kshetriya Gramin Bank	5.77	80.31%	8.42%	11.27%	0.18	26.44%
49	Sarva Haryana Gramin Bank	5.52	85.76%	7.62%	6.62%	0.10	74.12%
50	Telangana Grameena bank	5.17	79.52%	14.33%	6.15%	0.17	16.54%

UPI Top 50 Banks Performance (December'21)

UPI Beneficiary Banks - Top 50 Banks (December'21)
Sr.No.	UPI Beneficiary Banks (December-2021)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	926.17	98.79%	0.51%	0.61%	0.09%
2	State Bank Of India	664.89	92.80%	0.47%	6.50%	0.23%
3	Yes Bank Ltd	486.44	99.80%	0.09%	0.09%	0.02%
4	ICICI Bank	389.47	99.19%	0.73%	0.05%	0.03%
5	Axis Bank Ltd.	366.14	99.49%	0.49%	0.00%	0.02%
6	HDFC Bank Ltd	247.03	98.49%	1.35%	0.09%	0.07%
7	Bank of Baroda	160.55	99.40%	0.46%	0.04%	0.10%
8	Union Bank of India	158.92	99.28%	0.54%	0.06%	0.12%
9	Canara Bank	124.53	98.94%	0.97%	0.04%	0.05%
10	Punjab National Bank	117.29	95.01%	0.78%	3.52%	0.69%
11	Bank of India	98.96	98.76%	0.38%	0.63%	0.23%
12	Kotak Mahindra Bank	94.93	98.24%	1.13%	0.14%	0.49%
13	Federal Bank	92.35	99.46%	0.23%	0.24%	0.07%
14	Indian Bank	62.21	97.59%	0.42%	0.66%	1.33%
15	Central Bank Of India	53.85	98.46%	0.76%	0.17%	0.61%
16	Airtel Payments Bank	48.99	98.30%	1.09%	0.43%	0.18%
17	IndusInd Bank	47.74	99.06%	0.57%	0.20%	0.17%
18	IDBI Bank Limited	39.49	98.63%	0.95%	0.25%	0.17%
19	Indian Overseas Bank	33.95	98.96%	0.65%	0.15%	0.24%
20	Bank of Maharashtra	30.44	98.92%	0.38%	0.50%	0.20%
21	UCO Bank	28.68	96.91%	0.95%	1.67%	0.47%
22	Karnataka Bank	24.71	96.25%	0.81%	1.10%	1.84%
23	India Post Payment Bank	19.76	98.52%	0.48%	0.79%	0.21%
24	Karur Vysya Bank	19.39	98.26%	0.59%	0.89%	0.26%
25	IDFC First Bank	17.74	98.01%	1.64%	0.18%	0.17%
26	South Indian Bank	14.11	99.16%	0.72%	0.08%	0.04%
27	Bandhan Bank	12.91	98.53%	0.80%	0.64%	0.03%
28	City Union Bank	9.74	97.86%	1.44%	0.59%	0.11%
29	AU small Finance Bank	9.09	97.77%	1.04%	0.55%	0.64%
30	CITI Bank	8.49	99.84%	0.15%	0.01%	0.00%
31	Fino Payments Bank	8.47	94.54%	3.89%	1.54%	0.03%
32	Ujjivan Small Finance Bank	7.10	97.55%	0.55%	0.98%	0.92%
33	Tamilnad Mercantile Bank	7.07	94.71%	2.26%	2.13%	0.90%
34	Equitas Bank	6.81	97.47%	1.75%	0.65%	0.13%
35	DBS Bank India Limited	6.25	93.70%	5.92%	0.24%	0.14%
36	Andhra Pradesh Grameena Vikas Bank	6.24	93.93%	0.15%	3.78%	2.14%
37	Pragathi Krishna Gramin Bank	6.16	99.32%	0.33%	0.09%	0.26%
38	Maharashtra Gramin Bank	5.20	98.25%	0.41%	0.96%	0.38%
39	Saraswat Bank	5.01	98.96%	0.84%	0.15%	0.05%
40	Punjab and Sind Bank	4.80	95.30%	0.68%	2.47%	1.55%
41	Kerala Gramin Bank	4.79	99.39%	0.33%	0.09%	0.19%
42	RBL Bank	4.53	95.89%	3.54%	0.35%	0.22%
43	ESAF Small Finance Bank Ltd.	4.20	97.03%	0.35%	2.50%	0.12%
44	Jammu and Kashmir Bank	4.18	96.96%	2.26%	0.69%	0.09%
45	Andhra Pragathi Grameena Bank	4.12	94.63%	0.76%	2.77%	1.84%
46	Rajasthan Marudhara Gramin Bank	4.03	93.18%	2.27%	2.79%	1.76%
47	Sarva Haryana Gramin Bank	3.39	85.42%	2.56%	11.66%	0.36%
48	Baroda Rajasthan Kshetriya Gramin Bank	3.36	90.93%	1.98%	5.42%	1.67%
49	Standard Chartered	3.30	96.86%	2.97%	0.09%	0.08%
50	Karnataka Vikas Grameena Bank	3.03	97.50%	0.72%	1.07%	0.71%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (Dec'21)

UPI Apps (Dec'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	9.04	2,248.49	-	-	-	-	6.08	3,483.60	15.12	5,732.09
2	Allahabad Bank App	0.02	7.43	-	-	-	-	-	-	0.02	7.43
3	Amazon Pay	76.18	6,641.62	-	-	-	-	-	-	76.18	6,641.62
4	AU Small Finance Bank App	0.21	76.22	-	-	-	-	-	-	0.21	76.22
5	Axis Bank Apps	6.63	916.58	53.22	40.79	0.00	0.00	-	-	59.85	957.37
6	Bajaj Finserv	0.13	7.08	-	-	-	-	-	-	0.13	7.08
7	Bank of Baroda Apps	0.75	333.91	-	-	0.00	0.00	-	-	0.75	333.91
8	Bank of India App	0.04	17.26	-	-	0.00	0.00	-	-	0.04	17.26
9	Bank of Maharashtra App	0.05	11.52	-	-	-	-	-	-	0.05	11.52
10	BHIM	27.12	8,831.67	-	-	-	-	-	-	27.12	8,831.67
11	Canara Bank App	0.25	90.72	-	-	0.00	0.00	-	-	0.25	90.72
12	Central Bank of India App	0.13	46.47	-	-	-	-	-	-	0.13	46.47
13	Citi Bank App	0.09	76.94	-	-	-	-	-	-	0.09	76.94
14	City Union Bank App	0.01	4.61	-	-	-	-	-	-	0.01	4.61
15	Cointab	0.94	144.16	-	-	-	-	-	-	0.94	144.16
16	Cred	10.36	13,817.16	-	-	-	-	-	-	10.36	13,817.16
17	DBS Digibank App	0.55	190.75	-	-	-	-	-	-	0.55	190.75
18	Dena Bank App	0.02	26.08	-	-	-	-	-	-	0.02	26.08
19	Deutsche Bank App	0.85	85.62	-	-	0.00	0.58	-	-	0.85	86.20
20	Dhanlaxmi Bank App	0.01	3.07	-	-	-	-	-	-	0.01	3.07
21	Federal Bank App	0.48	99.96	-	-	-	-	-	-	0.48	99.96
22	Fino Payments bank App	0.03	2.09	-	-	-	-	-	-	0.03	2.09
23	Finshell Pay	0.06	2.92	-	-	-	-	-	-	0.06	2.92
24	Google Pay	1,587.43	302,989.79	-	-	-	-	-	-	1,587.43	302,989.79
25	HDFC Bank Apps	4.96	1,250.74	-	-	-	-	-	-	4.96	1,250.74
26	HSBC Bank App	0.09	53.64	0.00	0.09	-	-	-	-	0.09	53.73
27	ICICI Bank Apps	28.81	8,742.96	3.18	178.80	-	-	-	-	31.99	8,921.76
28	IDBI Bank App	0.02	11.34	-	-	-	-	-	-	0.02	11.34
29	IDFC Bank App	0.90	278.53	-	-	0.00	0.00	-	-	0.90	278.53
30	India Post Payments Bank App	2.76	321.16	-	-	-	-	-	-	2.76	321.16
31	Indian Bank App	0.12	42.71	-	-	-	-	-	-	0.12	42.71
32	IndusInd Bank App	1.19	1,269.16	-	-	-	-	-	-	1.19	1,269.16
33	Jammu and Kashmir Bank App	0.01	1.93	-	-	-	-	-	-	0.01	1.93
34	Janta Sahakari Bank App	0.01	4.48	-	-	-	-	-	-	0.01	4.48
35	Jio Payments Bank App	1.65	100.19	-	-	-	-	-	-	1.65	100.19
36	Jupiter Money	0.98	177.92	-	-	-	-	-	-	0.98	177.92
37	Karnataka Bank App	0.25	30.03	-	-	-	-	-	-	0.25	30.03
38	Karur Vysya Bank App	0.04	17.44	-	-	-	-	-	-	0.04	17.44
39	Kotak Mahindra Bank Apps	6.39	1,168.93	-	-	-	-	-	-	6.39	1,168.93
40	MakeMy Trip	0.07	22.30	-	-	-	-	-	-	0.07	22.30
41	MI Pay	0.31	43.97	-	-	-	-	-	-	0.31	43.97
42	Mobikwik	4.24	985.86	-	-	-	-	-	-	4.24	985.86
43	NSDL Payments Bank App	0.01	1.31	-	-	-	-	-	-	0.01	1.31
44	Paytm Payments Bank App	612.71	71,874.13	7.99	11.62	-	-	85.67	16,208.74	706.37	88,094.49
45	PhonePe	2,077.60	394,565.58	-	-	-	-	-	-	2,077.60	394,565.58
46	Punjab National Bank App	0.07	33.76	-	-	0.00	0.00	-	-	0.07	33.76
47	RBL Bank App	0.35	102.17	-	-	0.00	0.00	-	-	0.35	102.17
48	Samsung Pay	3.21	436.30	-	-	-	-	-	-	3.21	436.30
49	South Indian Bank App	0.13	39.92	-	-	-	-	-	-	0.13	39.92
50	Standard Chartered Bank App	0.10	60.26	-	-	-	-	-	-	0.10	60.26
51	State Bank of India Apps	3.63	1,961.70	-	-	0.00	0.02	-	-	3.63	1,961.72
52	UCO Bank App	0.14	33.49	-	-	-	-	-	-	0.14	33.49
53	Ultracash	1.96	178.99	-	-	-	-	-	-	1.96	178.99
54	Union Bank Apps	0.36	167.60	-	-	-	-	-	-	0.36	167.60
55	WhatsApp	2.25	188.78	-	-	-	-	-	-	2.25	188.78
56	Yes Bank Apps	24.88	5,689.57	0.26	0.17	-	-	-	-	25.14	5,689.75
57	YuvaPay	0.05	78.43	-	-	-	-	-	-	0.05	78.43
58	Others	0.02	8.74	-	-	-	-	-	-	0.02	8.74

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.
WhatsApp*: Maximum registered user base of hundred (100) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Dec'21	4,566.30	8,26,848.22	2,812.00	6,69,127.56	1,754.30	1,57,720.66

UPI P2P & P2M transactions by Amount Banding

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 50 Banks Performance (November'21)

UPI Remitter Banks - Top 50 Banks (November'21)
Sr. No.	UPI Remitter Banks (November-2021)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	STATE BANK OF INDIA	1,176.24	92.13%	7.01%	0.86%	6.35	97.75%
2	HDFC BANK LTD	368.77	94.69%	5.24%	0.07%	1.56	99.45%
3	BANK OF BARODA	261.95	91.70%	7.03%	1.27%	3.14	65.11%
4	ICICI BANK	253.34	94.67%	4.81%	0.52%	1.69	82.04%
5	UNION BANK OF INDIA	253.21	91.02%	8.25%	0.73%	2.08	58.71%
6	PAYTM PAYMENTS BANK	246.90	94.94%	4.96%	0.10%	0.96	96.02%
7	AXIS BANK LTD	245.30	95.78%	3.93%	0.29%	0.96	81.31%
8	PUNJAB NATIONAL BANK	199.26	91.92%	7.05%	1.03%	1.62	86.42%
9	CANARA BANK	183.94	92.91%	6.80%	0.29%	0.94	93.64%
10	KOTAK MAHINDRA BANK	162.08	93.43%	5.73%	0.84%	1.34	80.39%
11	BANK OF INDIA	152.46	94.53%	4.88%	0.59%	1.04	79.20%
12	INDIAN BANK	100.11	89.86%	6.15%	3.98%	2.79	42.68%
13	CENTRAL BANK OF INDIA	86.16	92.32%	6.87%	0.81%	0.86	80.00%
14	IDBI BANK LIMITED	61.15	93.85%	5.80%	0.35%	0.35	82.80%
15	AIRTEL PAYMENTS BANK	53.80	86.28%	12.33%	1.39%	0.31	83.02%
16	FEDERAL BANK	52.84	94.77%	5.07%	0.16%	0.24	96.16%
17	BANK OF MAHARASHTRA	51.89	94.05%	5.08%	0.87%	0.28	84.22%
18	INDIAN OVERSEAS BANK	50.11	93.19%	5.97%	0.84%	0.29	86.05%
19	YES BANK LTD	44.22	92.22%	7.24%	0.54%	0.14	66.58%
20	UCO BANK	44.19	90.87%	6.37%	2.77%	0.50	47.36%
21	KARNATAKA BANK	39.22	90.14%	7.01%	2.85%	0.93	17.95%
22	INDUSIND BANK	35.61	92.19%	7.71%	0.10%	0.17	97.45%
23	INDIA POST PAYMENT BANK	30.09	77.69%	16.70%	5.61%	1.11	24.69%
24	KARUR VYSYA BANK	24.89	91.10%	8.36%	0.54%	0.17	84.98%
25	IDFC FIRST BANK	24.13	94.38%	5.34%	0.28%	0.13	74.54%
26	FINO PAYMENTS BANK	17.51	80.75%	17.06%	2.19%	0.13	93.10%
27	SOUTH INDIAN BANK	17.40	94.18%	5.78%	0.04%	0.06	99.35%
28	BANDHAN BANK	16.67	89.22%	9.01%	1.78%	0.10	13.66%
29	CITIBANK	13.80	94.35%	4.80%	0.85%	0.13	99.16%
30	CITY UNION BANK	13.01	92.37%	6.43%	1.20%	0.11	79.38%
31	DBS BANK INDIA LIMITED	12.68	94.44%	4.91%	0.65%	0.08	70.41%
32	STANDARD CHARTERED	11.44	96.48%	2.98%	0.54%	0.09	93.79%
33	EQUITAS BANK	10.68	83.73%	14.83%	1.45%	0.11	54.43%
34	UJJIVAN SMALL FINANCE BANK	10.21	91.75%	7.49%	0.76%	0.09	59.95%
35	ANDHRA PRADESH GRAMEENA VIKAS BANK	10.03	80.60%	14.70%	4.69%	0.14	12.88%
36	TAMILNAD MERCANTILE BANK	9.20	83.33%	13.76%	2.91%	0.10	33.04%
37	SARASWAT BANK	9.18	94.16%	4.23%	1.60%	0.08	52.35%
38	PUNJAB AND SIND BANK	8.84	59.79%	14.03%	26.19%	1.58	7.36%
39	MAHARASHTRA GRAMIN BANK	8.79	83.14%	14.82%	2.04%	0.10	29.54%
40	PRAGATHI KRISHNA GRAMIN BANK	8.66	86.43%	11.61%	1.95%	0.09	50.64%
41	AU SMALL FINANCE BANK	8.65	93.65%	6.07%	0.28%	0.06	98.92%
42	JAMMU AND KASHMIR BANK	8.61	88.79%	9.19%	2.01%	0.08	63.56%
43	ANDHRA PRAGATHI GRAMEENA BANK	6.97	70.63%	26.24%	3.13%	0.13	11.68%
44	KERALA GRAMIN BANK	6.50	84.97%	13.30%	1.73%	0.05	72.24%
45	RAJASTHAN MARUDHARA GRAMIN BANK	5.97	80.93%	14.15%	4.92%	0.10	21.95%
46	ESAF SMALL FINANCE BANK LTD.	5.85	87.42%	9.36%	3.23%	0.03	77.23%
47	RBL	5.37	90.65%	7.52%	1.83%	0.05	58.22%
48	PURVANCHAL BANK	5.34	76.40%	17.91%	5.68%	0.16	16.06%
49	SARVA HARYANA GRAMIN BANK	5.12	84.63%	7.47%	7.89%	0.09	54.75%
50	BARODA RAJASTHAN KSHETRIYA GRAMIN BANK	4.81	84.80%	9.33%	5.87%	0.10	25.51%

UPI Top 50 Banks Performance (November'21)

UPI Beneficiary Banks - Top 50 Banks (November'21)
Sr.No.	UPI Beneficiary Banks (November-2021)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	PAYTM PAYMENTS BANK	797.69	99.44%	0.39%	0.17%	0.01%
2	STATE BANK OF INDIA	595.02	98.46%	0.36%	1.15%	0.03%
3	YES BANK LTD	471.38	99.81%	0.08%	0.09%	0.02%
4	ICICI BANK	366.71	99.09%	0.67%	0.19%	0.05%
5	AXIS BANK LTD	331.52	99.49%	0.36%	0.00%	0.15%
6	HDFC BANK LTD	227.66	98.61%	1.34%	0.03%	0.02%
7	BANK OF BARODA	144.71	98.64%	0.51%	0.43%	0.42%
8	UNION BANK OF INDIA	142.58	99.08%	0.56%	0.18%	0.17%
9	CANARA BANK	111.26	98.78%	1.01%	0.12%	0.09%
10	PUNJAB NATIONAL BANK	109.33	98.00%	0.59%	0.98%	0.43%
11	KOTAK MAHINDRA BANK	93.07	98.18%	1.22%	0.24%	0.36%
12	BANK OF INDIA	90.05	99.20%	0.42%	0.22%	0.15%
13	FEDERAL BANK	82.59	99.76%	0.21%	0.02%	0.01%
14	INDIAN BANK	53.84	96.96%	0.45%	1.06%	1.53%
15	AIRTEL PAYMENTS BANK	50.47	88.39%	2.42%	9.09%	0.11%
16	CENTRAL BANK OF INDIA	49.94	98.67%	0.67%	0.26%	0.41%
17	INDUSIND BANK	41.88	98.81%	0.60%	0.04%	0.55%
18	IDBI BANK LIMITED	36.41	98.61%	1.15%	0.17%	0.07%
19	INDIAN OVERSEAS BANK	29.98	98.79%	0.44%	0.64%	0.13%
20	BANK OF MAHARASHTRA	27.61	98.77%	0.41%	0.68%	0.15%
21	UCO BANK	26.57	96.90%	0.74%	2.02%	0.34%
22	KARNATAKA BANK	22.21	96.85%	0.83%	0.63%	1.69%
23	KARUR VYSYA BANK	17.37	98.99%	0.64%	0.28%	0.09%
24	INDIA POST PAYMENT BANK	15.59	97.05%	0.70%	1.40%	0.86%
25	IDFC FIRST BANK	15.58	98.55%	1.19%	0.14%	0.11%
26	SOUTH INDIAN BANK	12.63	98.95%	1.02%	0.02%	0.01%
27	BANDHAN BANK	11.89	96.16%	0.75%	3.00%	0.08%
28	CITIBANK	9.54	98.95%	0.89%	0.06%	0.10%
29	CITY UNION BANK	8.49	97.76%	1.54%	0.57%	0.13%
30	AU SMALL FINANCE BANK	8.27	99.23%	0.64%	0.07%	0.06%
31	FINO PAYMENTS BANK	7.36	94.07%	4.28%	1.63%	0.03%
32	UJJIVAN SMALL FINANCE BANK	6.46	98.75%	0.57%	0.39%	0.29%
33	EQUITAS BANK	6.32	93.68%	4.80%	0.78%	0.74%
34	TAMILNAD MERCANTILE BANK	6.08	92.99%	4.22%	2.08%	0.71%
35	ANDHRA PRADESH GRAMEENA VIKAS BANK	5.73	96.72%	0.18%	2.20%	0.90%
36	DBS BANK INDIA LIMITED	5.73	95.71%	3.82%	0.30%	0.17%
37	PRAGATHI KRISHNA GRAMIN BANK	5.44	98.48%	0.36%	0.67%	0.50%
38	MAHARASHTRA GRAMIN BANK	4.73	97.90%	0.29%	1.35%	0.47%
39	SARASWAT BANK	4.55	98.15%	0.68%	0.99%	0.18%
40	KERALA GRAMIN BANK	4.23	99.22%	0.34%	0.19%	0.26%
41	PUNJAB AND SIND BANK	4.13	86.82%	0.46%	7.48%	5.24%
42	RBL	4.04	93.74%	4.75%	1.22%	0.28%
43	ESAF SMALL FINANCE BANK LTD.	3.70	96.92%	0.39%	2.57%	0.12%
44	JAMMU AND KASHMIR BANK	3.67	96.30%	1.73%	1.82%	0.15%
45	RAJASTHAN MARUDHARA GRAMIN BANK	3.66	95.44%	0.31%	3.12%	1.13%
46	ANDHRA PRAGATHI GRAMEENA BANK	3.52	96.83%	0.31%	1.56%	1.30%
47	SARVA HARYANA GRAMIN BANK	3.41	78.70%	0.46%	20.24%	0.60%
48	STANDARD CHARTERED	3.05	98.07%	1.75%	0.14%	0.04%
49	BARODA RAJASTHAN KSHETRIYA GRAMIN BANK	2.96	93.78%	2.25%	2.83%	1.14%
50	PURVANCHAL BANK	2.91	94.45%	1.17%	2.80%	1.57%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (Nov'21)

UPI Apps (Nov'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	8.41	1,923.95	-	-	-	-	7.50	3,630.68	15.90	5,554.63
2	Allahabad Bank App	0.02	6.28	-	-	-	-	-	-	0.02	6.28
3	Amazon Pay	71.04	6,041.96	-	-	-	-	-	-	71.04	6,041.96
4	AU Small Finance Bank App	0.17	67.04	-	-	-	-	-	-	0.17	67.04
5	Axis Bank Apps	6.71	875.09	64.12	45.67	-	-	-	-	70.83	920.76
6	Bajaj Finserv	0.06	4.10	-	-	-	-	-	-	0.06	4.10
7	Bank of Baroda Apps	0.75	329.76	-	-	0.00	0.01	-	-	0.75	329.77
8	Bank of India App	0.03	13.54	-	-	-	-	-	-	0.03	13.54
9	Bank of Maharashtra App	0.04	10.84	-	-	-	-	-	-	0.04	10.84
10	BHIM	25.23	8,237.22	-	-	-	-	-	-	25.23	8,237.22
11	Canara Bank App	0.21	78.32	-	-	0.00	0.00	-	-	0.21	78.32
12	Central Bank of India App	0.11	43.57	-	-	-	-	-	-	0.11	43.57
13	Citi Bank App	0.09	77.41	-	-	-	-	-	-	0.09	77.41
14	City Union Bank App	0.01	3.85	-	-	-	-	-	-	0.01	3.85
15	Cointab	0.64	112.28	-	-	-	-	-	-	0.64	112.28
16	Cred	9.03	12,277.85	-	-	-	-	-	-	9.03	12,277.85
17	DBS Digibank App	0.52	185.20	-	-	-	-	-	-	0.52	185.20
18	Dena Bank App	0.02	24.11	-	-	-	-	-	-	0.02	24.11
19	Deutsche Bank App	0.98	115.42	-	-	-	-	-	-	0.98	115.42
20	Dhanlaxmi Bank App	0.01	2.37	-	-	-	-	-	-	0.01	2.37
21	Federal Bank App	0.47	91.94	-	-	-	-	-	-	0.47	91.94
22	Fino Payments bank App	0.02	1.81	-	-	-	-	-	-	0.02	1.81
23	Finshell Pay	0.05	2.19	-	-	-	-	-	-	0.05	2.19
24	Google Pay	1,447.84	2,83,357.99	-	-	-	-	-	-	1,447.84	2,83,357.99
25	HDFC Bank Apps	3.87	1,030.59	-	-	0.00	0.00	-	-	3.87	1,030.59
26	HSBC Bank App	0.08	46.94	0.00	0.04	-	-	-	-	0.08	46.98
27	ICICI Bank Apps	25.74	7,049.36	3.40	197.39	-	-	-	-	29.14	7,246.75
28	IDBI Bank App	0.03	13.31	-	-	-	-	-	-	0.03	13.31
29	IDFC Bank App	0.64	237.83	-	-	-	-	-	-	0.64	237.83
30	India Post Payments Bank App	2.30	286.07	-	-	-	-	-	-	2.30	286.07
31	Indian Bank App	0.09	37.77	-	-	-	-	-	-	0.09	37.77
32	IndusInd Bank App	1.10	1,407.31	-	-	-	-	-	-	1.10	1,407.31
33	Jio Payments Bank App	1.38	89.68	-	-	-	-	-	-	1.38	89.68
34	Jupiter Money	0.55	102.84	-	-	-	-	-	-	0.55	102.84
35	Karnataka Bank App	0.22	27.68	-	-	-	-	-	-	0.22	27.68
36	Karur Vysya Bank App	0.03	15.46	-	-	-	-	-	-	0.03	15.46
37	Kotak Mahindra Bank Apps	5.78	1,035.67	-	-	-	-	-	-	5.78	1,035.67
38	MakeMy Trip	0.12	45.04	-	-	-	-	-	-	0.12	45.04
39	MI Pay	0.33	47.27	-	-	-	-	-	-	0.33	47.27
40	Mobikwik	5.18	1,478.95	-	-	-	-	-	-	5.18	1,478.95
41	NSDL Payments Bank App	0.01	1.11	-	-	-	-	-	-	0.01	1.11
42	Paytm Payments Bank App	543.71	66,920.55	7.88	11.52	-	-	79.71	14,471.30	631.30	81,403.37
43	PhonePe	1,911.21	3,65,044.32	-	-	-	-	-	-	1,911.21	3,65,044.32
44	Punjab National Bank App	0.07	31.14	-	-	0.00	0.00	-	-	0.07	31.14
45	RBL Bank App	0.25	81.95	-	-	0.00	0.00	-	-	0.25	81.95
46	Samsung Pay	2.80	412.13	-	-	-	-	-	-	2.80	412.13
47	South Indian Bank App	0.11	36.91	-	-	-	-	-	-	0.11	36.91
48	Standard Chartered Bank App	0.09	53.87	-	-	-	-	-	-	0.09	53.87
49	State Bank of India Apps	3.72	1,990.21	-	-	0.00	0.00	-	-	3.72	1,990.21
50	UCO Bank App	0.12	30.41	-	-	0.00	0.00	-	-	0.12	30.41
51	Ultracash	2.13	162.44	-	-	0.00	0.00	-	-	2.13	162.44
52	Union Bank Apps	0.43	178.53	-	-	0.00	0.00	-	-	0.43	178.53
53	WhatsApp	2.11	149.38	-	-	-	-	-	-	2.11	149.38
54	Yes Bank Apps	24.13	6,170.96	0.21	0.12	-	-	-	-	24.34	6,171.08
55	YuvaPay	0.04	66.62	-	-	-	-	-	-	0.04	66.62
56	Other Apps	0.03	14.98	-	-	-	-	-	-	0.03	14.98

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.
WhatsApp*: Maximum registered user base of hundred (100) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Nov'21	4,186.48	7,68,436.11	2,547.94	6,18,101.55	1,638.54	1,50,334.56

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 50 Banks Performance (October'21)

UPI Remitter Banks - Top 50 Banks (October'21)
Sr. No.	UPI Remitter Banks (October-2021)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,193.24	92.02%	7.02%	0.96%	7.15	99.43%
2	HDFC BANK LTD	381.13	94.43%	5.27%	0.30%	1.61	90.55%
3	Bank of Baroda	265.61	91.61%	7.12%	1.27%	1.85	64.27%
4	ICICI Bank	262.75	94.89%	4.96%	0.15%	0.88	85.52%
5	Union Bank of India	256.70	88.23%	10.30%	1.47%	1.16	39.88%
6	Axis Bank Ltd	249.31	95.15%	4.01%	0.84%	0.81	57.52%
7	Paytm Payments Bank	248.26	95.21%	4.72%	0.07%	1.01	98.27%
8	Punjab National Bank	205.66	88.51%	7.08%	4.41%	2.54	82.08%
9	Canara Bank	183.45	92.42%	7.22%	0.36%	0.98	95.76%
10	Kotak Mahindra Bank	161.27	93.04%	5.89%	1.07%	0.83	89.42%
11	Bank of India	154.84	92.23%	5.25%	2.52%	1.25	47.86%
12	Indian Bank	102.35	85.08%	6.59%	8.33%	1.62	30.00%
13	Central Bank Of India	89.81	91.28%	6.95%	1.77%	0.79	55.73%
14	IDBI Bank Limited	63.23	92.10%	5.92%	1.98%	0.31	72.51%
15	Bank of Maharashtra	54.13	91.17%	7.82%	1.01%	0.23	74.95%
16	Airtel Payments Bank	52.97	85.36%	12.84%	1.80%	0.36	78.70%
17	Indian Overseas Bank	50.52	92.00%	6.19%	1.81%	0.31	66.67%
18	Federal Bank	50.10	94.77%	5.07%	0.16%	0.22	97.51%
19	Yes Bank Ltd	48.12	94.84%	4.60%	0.56%	0.08	48.50%
20	UCO Bank	44.76	88.09%	7.08%	4.83%	0.26	34.76%
21	Karnataka Bank	39.04	88.61%	7.52%	3.87%	0.17	20.43%
22	INDUSIND BANK	35.65	90.62%	7.25%	2.13%	0.25	55.19%
23	India Post Payment Bank	32.24	69.38%	19.82%	10.80%	0.80	35.69%
24	Karur Vysya Bank	25.54	89.95%	9.22%	0.83%	0.14	72.06%
25	IDFC FIRST Bank	24.59	93.96%	5.61%	0.43%	0.10	65.50%
26	Bandhan Bank	17.27	84.56%	10.51%	4.93%	0.02	14.14%
27	Fino Payments Bank	17.12	79.11%	18.30%	2.59%	0.12	93.70%
28	South Indian Bank	17.11	92.41%	7.53%	0.06%	0.06	98.51%
29	Citibank	14.78	91.48%	5.06%	3.46%	0.42	90.39%
30	City Union Bank	13.49	92.83%	6.61%	0.56%	0.07	92.16%
31	DBS Bank India Limited	13.47	94.73%	5.02%	0.25%	0.05	86.16%
32	Standard Chartered	11.97	94.60%	3.38%	2.02%	0.09	62.52%
33	Equitas Bank	10.53	82.48%	14.51%	3.01%	0.06	43.36%
34	Tamilnad Mercantile Bank	10.38	69.49%	10.07%	20.44%	0.45	65.18%
35	Ujjivan Small Finance Bank	10.21	90.77%	7.95%	1.28%	0.05	43.72%
36	Andhra Pradesh Grameena Vikas Bank	9.88	80.67%	15.75%	3.58%	0.02	13.00%
37	Saraswat Bank	9.57	94.02%	5.29%	0.69%	0.07	93.74%
38	Punjab and Sind Bank	9.31	69.08%	15.22%	15.70%	0.06	5.10%
39	Pragathi Krishna Gramin Bank	9.07	80.94%	11.57%	7.49%	0.07	25.22%
40	AU small Finance Bank	8.69	92.85%	6.33%	0.82%	0.09	85.45%
41	Jammu and Kashmir Bank	8.35	85.27%	11.69%	3.04%	0.05	63.44%
42	Maharashtra Gramin Bank	8.34	85.41%	13.90%	0.69%	0.03	46.02%
43	Andhra Pragathi Grameena Bank	6.57	75.76%	22.47%	1.77%	0.01	15.15%
44	Kerala Gramin Bank	6.22	82.33%	14.24%	3.43%	0.06	51.78%
45	Rajasthan Marudhara Gramin Bank	5.83	82.72%	15.37%	1.91%	0.02	28.79%
46	Purvanchal Bank	5.54	73.35%	19.45%	7.20%	0.03	15.23%
47	ESAF Small Finance Bank Ltd.	5.50	87.69%	9.10%	3.21%	0.02	80.51%
48	RBL	5.42	92.10%	7.79%	0.11%	0.03	97.41%
49	Sarva Haryana Gramin Bank	5.05	89.70%	8.15%	2.15%	0.06	71.94%
50	Baroda Rajasthan Kshetriya Gramin Bank	5.04	82.09%	9.51%	8.40%	0.03	19.39%

UPI Top 50 Banks Performance (October'21)

UPI Beneficiary Banks - Top 50 Banks (October'21)
Sr.No.	UPI Beneficiary Banks (October-2021)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	783.61	99.52%	0.41%	0.06%	0.01%
2	State Bank Of India	596.38	99.06%	0.43%	0.33%	0.18%
3	Yes Bank Ltd	511.29	99.89%	0.06%	0.04%	0.01%
4	ICICI Bank	374.23	99.22%	0.69%	0.04%	0.05%
5	Axis Bank Ltd	333.11	99.07%	0.32%	0.24%	0.37%
6	HDFC BANK LTD	241.54	98.26%	1.48%	0.20%	0.06%
7	Bank of Baroda	147.47	98.61%	0.48%	0.54%	0.37%
8	Union Bank of India	140.80	99.01%	0.53%	0.09%	0.37%
9	Punjab National Bank	111.94	93.52%	0.61%	4.93%	0.94%
10	Canara Bank	110.73	98.74%	1.06%	0.06%	0.14%
11	Kotak Mahindra Bank	97.01	97.93%	1.27%	0.06%	0.74%
12	Bank of India	90.08	97.46%	0.82%	1.00%	0.72%
13	Federal Bank	79.81	99.83%	0.15%	0.02%	0.00%
14	Indian Bank	52.95	94.24%	0.54%	1.67%	3.55%
15	Central Bank Of India	51.20	97.88%	0.88%	0.50%	0.74%
16	Airtel Payments Bank	48.24	89.63%	4.07%	6.08%	0.22%
17	INDUSIND BANK	41.26	97.81%	0.64%	0.66%	0.89%
18	IDBI Bank Limited	37.36	97.16%	0.74%	1.96%	0.14%
19	Indian Overseas Bank	30.40	97.95%	0.47%	1.06%	0.52%
20	Bank of Maharashtra	27.97	98.51%	0.45%	0.86%	0.18%
21	UCO Bank	26.36	94.53%	1.07%	3.71%	0.69%
22	Karnataka Bank	22.39	96.03%	0.94%	1.74%	1.29%
23	Karur Vysya Bank	17.79	98.80%	0.67%	0.36%	0.17%
24	IDFC FIRST Bank	15.90	98.60%	1.05%	0.16%	0.19%
25	India Post Payment Bank	15.23	94.78%	0.67%	2.95%	1.60%
26	South Indian Bank	12.17	98.74%	1.22%	0.03%	0.01%
27	Bandhan Bank	12.05	90.46%	0.76%	8.68%	0.10%
28	Citibank	9.40	94.42%	3.95%	1.46%	0.17%
29	City Union Bank	8.80	98.00%	1.68%	0.28%	0.04%
30	AU small Finance Bank	8.13	98.90%	0.64%	0.13%	0.33%
31	Fino Payments Bank	7.03	94.28%	3.60%	2.07%	0.05%
32	Tamilnad Mercantile Bank	6.62	80.40%	1.54%	15.08%	2.98%
33	Ujjivan Small Finance Bank	6.44	98.39%	0.64%	0.50%	0.47%
34	DBS Bank India Limited	6.17	95.55%	4.23%	0.12%	0.10%
35	Equitas Bank	6.13	92.72%	4.66%	1.88%	0.74%
36	Andhra Pradesh Grameena Vikas Bank	5.79	96.93%	0.23%	2.05%	0.79%
37	Pragathi Krishna Gramin Bank	5.53	93.71%	0.32%	3.91%	2.06%
38	Saraswat Bank	4.86	98.68%	0.69%	0.59%	0.04%
39	Maharashtra Gramin Bank	4.53	99.07%	0.32%	0.35%	0.26%
40	Punjab and Sind Bank	4.48	94.68%	0.53%	2.16%	2.63%
41	RBL	4.21	89.33%	10.64%	0.01%	0.02%
42	Kerala Gramin Bank	3.95	97.78%	0.36%	0.98%	0.88%
43	Andhra Pragathi Grameena Bank	3.54	98.00%	0.36%	0.59%	1.05%
44	Jammu and Kashmir Bank	3.53	93.74%	3.09%	3.08%	0.09%
45	Rajasthan Marudhara Gramin Bank	3.52	97.86%	0.29%	1.03%	0.82%
46	ESAF Small Finance Bank Ltd.	3.51	96.92%	0.41%	2.57%	0.10%
47	Standard Chartered	3.24	97.47%	1.50%	0.81%	0.22%
48	Sarva Haryana Gramin Bank	3.15	89.69%	0.58%	9.48%	0.25%
49	Baroda Rajasthan Kshetriya Gramin Bank	3.02	90.70%	1.94%	5.44%	1.92%
50	Lakshmi Vilas Bank	2.84	98.43%	0.64%	0.66%	0.27%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (Oct'21)

UPI Apps (Oct'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	7.60	1491.34	-	-	-	-	6.71	3255.44	14.31	4746.79
2	Allahabad Bank App	0.02	6.35	-	-	-	-	-	-	0.02	6.35
3	Amazon Pay	68.82	6286.60	-	-	-	-	-	-	68.82	6286.60
4	AU Small Finance Bank App	0.16	62.15	-	-	-	-	-	-	0.16	62.15
5	Axis Bank Apps	8.40	963.14	60.88	42.57	0.00	0.00	-	-	69.28	1005.70
6	Bajaj Finserv	0.06	4.30	-	-	-	-	-	-	0.06	4.30
7	Bank of Baroda Apps	0.80	344.85	-	-	0.00	0.00	-	-	0.80	344.85
8	Bank of India App	0.03	12.88	-	-	-	-	-	-	0.03	12.88
9	Bank of Maharashtra App	0.04	10.50	-	-	-	-	-	-	0.04	10.50
10	BHIM	27.27	8513.82	-	-	-	-	-	-	27.27	8513.82
11	Canara Bank App	0.21	77.06	-	-	0.00	0.00	-	-	0.21	77.06
12	Central Bank of India App	0.12	45.48	-	-	-	-	-	-	0.12	45.48
13	Citi Bank App	0.11	81.21	-	-	-	-	-	-	0.11	81.21
14	City Union Bank App	0.01	3.95	-	-	-	-	-	-	0.01	3.95
15	Cointab	0.45	84.71	-	-	-	-	-	-	0.45	84.71
16	Cred	9.73	12561.25	-	-	-	-	-	-	9.73	12561.25
17	DBS Digibank App	0.58	198.18	-	-	-	-	-	-	0.58	198.18
18	Dena Bank App	0.02	27.43	-	-	-	-	-	-	0.02	27.43
19	Deutsche Bank App	0.85	98.84	-	-	0.00	0.39	-	-	0.85	99.23
20	Federal Bank App	0.44	90.50	-	-	-	-	-	-	0.44	90.50
21	Fino Payments bank App	0.02	1.75	-	-	-	-	-	-	0.02	1.75
22	Finshell Pay	0.03	1.26	-	-	-	-	-	-	0.03	1.26
23	Google Pay	1451.93	287491.46	-	-	-	-	-	-	1451.93	287491.46
24	HDFC Bank Apps	5.02	1082.99	-	-	0.00	0.00	-	-	5.02	1082.99
25	HSBC Bank App	0.08	53.35	0.00	0.03	-	-	-	-	0.08	53.39
26	ICICI Bank Apps	26.24	6167.22	3.04	162.41	-	-	-	-	29.27	6329.63
27	IDBI Bank App	0.03	14.22	-	-	-	-	-	-	0.03	14.22
28	IDFC Bank App	0.62	231.02	-	-	-	-	-	-	0.62	231.02
29	India Post Payments Bank App	2.39	291.70	-	-	-	-	-	-	2.39	291.70
30	Indian Bank App	0.09	38.84	-	-	-	-	-	-	0.09	38.84
31	IndusInd Bank App	1.05	1014.56	-	-	-	-	-	-	1.05	1014.56
32	Jio Payments Bank App	1.33	85.75	-	-	-	-	-	-	1.33	85.75
33	Jupiter Money	0.29	60.00	-	-	-	-	-	-	0.29	60.00
34	Karnataka Bank App	0.20	25.71	-	-	-	-	-	-	0.20	25.71
35	Karur Vysya Bank App	0.03	15.40	-	-	-	-	-	-	0.03	15.40
36	Kotak Mahindra Bank Apps	5.38	944.50	-	-	-	-	-	-	5.38	944.50
37	MakeMy Trip	0.13	48.40	-	-	-	-	-	-	0.13	48.40
38	MI Pay	0.37	54.77	-	-	-	-	-	-	0.37	54.77
39	Mobikwik	4.08	1070.32	-	-	-	-	-	-	4.08	1070.32
40	Paytm Payments Bank App	542.57	64727.41	8.06	11.66	-	-	81.55	15768.96	632.18	80508.04
41	PhonePe	1937.57	365845.39	-	-	-	-	-	-	1937.57	365845.39
42	Punjab National Bank App	0.08	32.06	-	-	0.00	0.00	-	-	0.08	32.06
43	RBL Bank App	0.22	84.08	-	-	-	-	-	-	0.22	84.08
44	Samsung Pay	2.81	428.41	-	-	-	-	-	-	2.81	428.41
45	South Indian Bank App	0.11	37.40	-	-	-	-	-	-	0.11	37.40
46	Standard Chartered Bank App	0.10	56.38	-	-	-	-	-	-	0.10	56.38
47	State Bank of India Apps	3.98	2089.18	-	-	-	-	-	-	3.98	2089.18
48	UCO Bank App	0.11	27.95	-	-	-	-	-	-	0.11	27.95
49	Ultracash	2.32	170.32	-	-	-	-	-	-	2.32	170.32
50	Union Bank Apps	0.66	223.98	-	-	0.00	0.00	-	-	0.66	223.98
51	WhatsApp*	2.60	104.19	-	-	-	-	-	-	2.60	104.19
52	Yes Bank Apps	28.32	7660.21	0.10	0.05	-	-	-	-	28.41	7660.27
53	YuvaPay	0.04	61.62	-	-	-	-	-	-	0.04	61.62
54	Other Apps	0.05	21.51	-	-	-	-	-	-	0.05	21.51

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.
WhatsApp*: Maximum registered user base of hundred (100) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Oct'21	4,218.65	7,71,444.98	2,507.12	6,21,400.74	1,711.53	1,50,044.24

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 50 Banks Performance (September'21)

UPI Remitter Banks - Top 50 Banks (September'21)
Sr. No.	UPI Remitter Banks (September-2021)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,036.45	89.52%	7.00%	3.48%	14.87	96.04%
2	HDFC Bank Ltd	327.32	94.77%	5.16%	0.07%	1.70	98.43%
3	Bank Of Baroda	231.73	92.28%	7.53%	0.19%	1.38	98.46%
4	ICICI Bank	225.22	94.29%	5.16%	0.55%	2.06	43.31%
5	Axis Bank Ltd	214.22	95.19%	4.14%	0.67%	1.50	60.12%
6	Paytm Payments Bank	212.36	94.83%	5.05%	0.12%	1.06	95.58%
7	Union Bank Of India	195.42	88.56%	10.66%	0.78%	1.87	67.35%
8	Punjab National Bank	179.64	92.80%	6.50%	0.70%	1.80	83.46%
9	Canara Bank	163.54	91.38%	8.25%	0.37%	1.24	93.72%
10	Kotak Mahindra Bank	137.75	92.72%	5.74%	1.54%	2.09	83.86%
11	Bank Of India	135.81	93.95%	4.90%	1.15%	1.73	79.26%
12	Indian Bank	89.65	87.35%	7.81%	4.84%	2.66	49.55%
13	Central Bank Of India	79.06	92.35%	6.90%	0.75%	0.94	85.45%
14	IDBI Bank Limited	55.60	93.75%	5.89%	0.36%	0.39	89.49%
15	Airtel Payments Bank	46.68	86.85%	12.08%	1.07%	0.41	81.26%
16	Bank Of Maharashtra	46.64	90.27%	7.57%	2.16%	0.35	68.25%
17	Indian Overseas Bank	44.84	91.94%	6.46%	1.60%	0.44	83.61%
18	Federal Bank	43.42	94.59%	5.20%	0.21%	0.25	93.34%
19	Yes Bank Ltd	39.88	94.40%	4.52%	1.08%	0.38	46.99%
20	UCO Bank	39.01	88.18%	7.46%	4.36%	0.90	29.47%
21	Karnataka Bank	35.81	83.17%	7.76%	9.07%	1.35	16.41%
22	IndusInd Bank	29.99	89.39%	7.03%	3.58%	1.03	89.94%
23	India Post Payment Bank	25.54	79.69%	17.82%	2.49%	0.36	54.46%
24	Karur Vysya Bank	22.84	90.49%	8.74%	0.77%	0.18	78.34%
25	IDFC First Bank	21.28	92.75%	6.37%	0.88%	0.23	64.71%
26	Bandhan Bank	15.93	82.62%	9.28%	8.10%	0.18	10.77%
27	South Indian Bank	15.20	92.97%	6.76%	0.27%	0.09	95.41%
28	Fino Payments Bank	13.87	81.03%	17.55%	1.42%	0.13	94.90%
29	Citibank	13.05	92.60%	4.08%	3.32%	0.44	98.75%
30	DBS Bank India Limited	12.27	94.70%	5.02%	0.28%	0.07	93.07%
31	City Union Bank	12.01	92.89%	6.59%	0.52%	0.08	94.14%
32	Standard Chartered	10.39	94.29%	3.18%	2.53%	0.09	78.42%
33	Ujjivan Small Finance Bank	9.09	90.11%	8.15%	1.74%	0.14	46.72%
34	Andhra Pradesh Grameena Vikas Bank	8.95	79.97%	17.91%	2.12%	0.11	30.86%
35	Tamilnad Mercantile Bank	8.95	81.49%	7.97%	10.54%	0.58	90.22%
36	Punjab And Sind Bank	8.80	64.45%	13.99%	21.56%	1.45	7.61%
37	Equitas Bank	8.69	83.24%	14.50%	2.26%	0.12	52.68%
38	Pragathi Krishna Gramin Bank	8.30	84.09%	13.20%	2.71%	0.12	62.94%
39	Saraswat Bank	8.04	94.64%	4.52%	0.84%	0.07	69.92%
40	AU Small Finance Bank	7.47	93.06%	6.46%	0.48%	0.07	92.03%
41	Maharashtra Gramin Bank	7.19	85.11%	14.06%	0.83%	0.06	52.07%
42	Jammu And Kashmir Bank	6.56	87.08%	10.98%	1.94%	0.07	69.40%
43	Andhra Pragathi Grameena Bank	5.95	73.12%	23.80%	3.08%	0.13	18.43%
44	Kerala Gramin Bank	5.51	83.31%	14.21%	2.48%	0.06	90.31%
45	Rajasthan Marudhara Gramin Bank	5.14	82.79%	15.34%	1.87%	0.08	32.14%
46	ESAF Small Finance Bank Ltd.	4.66	89.57%	7.36%	3.07%	0.03	22.47%
47	RBL	4.66	90.37%	8.18%	1.45%	0.05	52.23%
48	Purvanchal Bank	4.58	76.70%	19.82%	3.48%	0.11	27.98%
49	Sarva Haryana Gramin Bank	4.38	89.48%	8.17%	2.35%	0.07	66.24%
50	Baroda Rajasthan Kshetriya Gramin Bank	4.36	85.44%	10.22%	4.34%	0.12	27.91%

UPI Top 50 Banks Performance (September'21)

UPI Beneficiary Banks - Top 50 Banks (September'21)
Sr.No.	UPI Beneficiary Banks (September-2021)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	666.34	99.50%	0.38%	0.11%	0.01%
2	State Bank Of India	527.00	96.25%	0.44%	3.21%	0.10%
3	Yes Bank Ltd	476.00	99.68%	0.07%	0.15%	0.10%
4	ICICI Bank	333.14	98.93%	0.63%	0.04%	0.40%
5	Axis Bank Ltd.	291.08	99.15%	0.41%	0.15%	0.29%
6	HDFC BANK LTD	202.31	98.35%	1.61%	0.02%	0.02%
7	Bank of Baroda	128.63	99.39%	0.45%	0.07%	0.09%
8	Union Bank of India	107.01	98.33%	1.26%	0.19%	0.22%
9	Canara Bank	98.70	98.69%	1.01%	0.10%	0.20%
10	Punjab National Bank	96.96	98.41%	0.68%	0.39%	0.52%
11	Bank of India	79.80	98.84%	0.52%	0.35%	0.29%
12	Kotak Mahindra Bank	79.24	97.65%	1.48%	0.08%	0.79%
13	Federal Bank	69.14	99.82%	0.13%	0.03%	0.02%
14	Indian Bank	47.91	96.97%	0.61%	0.56%	1.86%
15	Central Bank Of India	45.30	98.59%	0.86%	0.15%	0.40%
16	Airtel Payments Bank	41.40	96.53%	2.76%	0.55%	0.16%
17	INDUSIND BANK	37.29	98.22%	0.82%	0.39%	0.57%
18	IDBI Bank Limited	32.88	99.00%	0.79%	0.15%	0.06%
19	Indian Overseas Bank	27.06	97.97%	0.53%	1.12%	0.38%
20	Bank of Maharashtra	24.56	97.12%	0.67%	1.90%	0.31%
21	UCO Bank	22.69	95.73%	1.04%	2.33%	0.90%
22	Karnataka Bank	20.00	92.17%	0.89%	4.44%	2.50%
23	Karur Vysya Bank	16.07	98.82%	0.74%	0.30%	0.14%
24	India Post Payment Bank	13.46	97.51%	0.55%	1.56%	0.38%
25	IDFC FIRST Bank	13.41	98.38%	1.17%	0.26%	0.19%
26	Bandhan Bank	11.01	88.00%	0.82%	10.69%	0.49%
27	South Indian Bank	10.84	98.28%	1.53%	0.17%	0.02%
28	City Union Bank	7.87	97.88%	1.80%	0.25%	0.07%
29	AU small Finance Bank	6.82	99.06%	0.70%	0.13%	0.11%
30	CitiBank	6.45	96.52%	0.00%	0.08%	3.40%
31	Tamilnad Mercantile Bank	5.91	92.72%	1.38%	5.05%	0.85%
32	Fino Payments Bank	5.90	94.70%	4.20%	1.06%	0.04%
33	Ujjivan Small Finance Bank	5.83	97.87%	0.69%	0.84%	0.60%
34	DBS Bank India Limited	5.71	95.21%	4.50%	0.13%	0.16%
35	Andhra Pradesh Grameena Vikas Bank	5.10	98.38%	0.25%	0.87%	0.50%
36	Pragathi Krishna Gramin Bank	5.04	97.25%	0.43%	1.50%	0.82%
37	Equitas Bank	4.98	97.00%	1.34%	1.05%	0.61%
38	Saraswat Bank	4.22	98.52%	0.83%	0.47%	0.18%
39	Punjab and Sind Bank	4.00	91.20%	0.56%	4.18%	4.06%
40	Maharashtra Gramin Bank	3.90	98.76%	0.54%	0.42%	0.28%
41	RBL	3.66	90.67%	8.48%	0.44%	0.41%
42	Kerala Gramin Bank	3.52	97.13%	0.43%	2.04%	0.40%
43	Andhra Pragathi Grameena Bank	3.14	97.11%	0.60%	1.12%	1.17%
44	Rajasthan Marudhara Gramin Bank	3.09	98.24%	0.38%	0.59%	0.79%
45	ESAF Small Finance Bank Ltd.	3.00	97.33%	0.53%	1.99%	0.15%
46	Standard Chartered	2.92	95.75%	1.82%	2.31%	0.12%
47	Jammu and Kashmir Bank	2.85	96.03%	2.36%	1.50%	0.11%
48	Sarva Haryana Gramin Bank	2.66	91.43%	0.74%	7.34%	0.49%
49	Lakshmi Vilas Bank	2.66	97.54%	1.32%	0.72%	0.42%
50	Baroda Rajasthan Kshetriya Gramin Bank	2.63	94.29%	2.10%	2.15%	1.46%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (Sep'21)

UPI Apps (Sep'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	6.91	1,520.92	-	-	-	-	4.61	2,238.19	11.52	3,759.12
2	Allahabad Bank App	0.02	5.34	-	-	-	-	-	-	0.02	5.34
3	Amazon Pay	62.90	5,267.79	-	-	-	-	-	-	62.90	5,267.79
4	AU Small Finance Bank App	0.13	46.49	-	-	-	-	-	-	0.13	46.49
5	Axis Bank Apps	7.37	788.51	51.77	44.22	0.00	0.00	-	-	59.13	832.73
6	Bajaj Finserv	0.04	3.03	-	-	-	-	-	-	0.04	3.03
7	Bank of Baroda Apps	0.73	293.05	-	-	0.00	0.01	-	-	0.73	293.05
8	Bank of India App	0.03	12.45	-	-	0.00	0.00	-	-	0.03	12.45
9	Bank of Maharashtra App	0.04	7.80	-	-	0.00	0.00	-	-	0.04	7.80
10	BHIM	25.36	7,538.58	-	-	-	-	-	-	25.36	7,538.58
11	Canara Bank App	0.16	51.88	-	-	0.00	0.00	-	-	0.16	51.88
12	Central Bank of India App	0.13	47.35	-	-	-	-	-	-	0.13	47.35
13	Citi Bank App	0.12	68.42	-	-	-	-	-	-	0.12	68.42
14	City Union Bank App	0.01	3.32	-	-	-	-	-	-	0.01	3.32
15	Cointab	0.34	69.81	-	-	-	-	-	-	0.34	69.81
16	Cred	7.74	9,614.36	-	-	-	-	-	-	7.74	9,614.36
17	DBS Digibank App	0.55	180.79	-	-	-	-	-	-	0.55	180.79
18	Dena Bank App	0.02	24.37	-	-	-	-	-	-	0.02	24.37
19	Deutsche Bank App	0.76	70.24	-	-	0.00	0.00	-	-	0.76	70.24
20	Dhanlaxmi Bank App	0.01	2.86	-	-	-	-	-	-	0.01	2.86
21	Federal Bank App	0.39	79.44	-	-	-	-	-	-	0.39	79.44
22	Fino Payments bank App	0.02	1.63	-	-	-	-	-	-	0.02	1.63
23	Finshell Pay	0.02	0.72	-	-	-	-	-	-	0.02	0.72
24	Goibibo	0.01	2.62	-	-	-	-	-	-	0.01	2.62
25	Google Pay	1,294.56	2,50,393.65	-	-	-	-	-	-	1,294.56	2,50,393.65
26	HDFC Bank Apps	3.14	772.08	-	-	-	-	-	-	3.14	772.08
27	HSBC Bank App	0.08	42.97	0.00	0.05	-	-	-	-	0.08	43.02
28	ICICI Bank Apps	18.86	6,395.93	3.25	183.72	0.00	0.00	-	-	22.11	6,579.65
29	IDBI Bank App	0.02	12.00	-	-	-	-	-	-	0.02	12.00
30	IDFC Bank App	0.49	181.96	-	-	0.00	0.00	-	-	0.49	181.96
31	India Post Payments Bank App	2.28	267.94	-	-	-	-	-	-	2.28	267.94
32	Indian Bank App	0.08	35.34	-	-	-	-	-	-	0.08	35.34
33	IndusInd Bank App	0.33	532.43	-	-	-	-	-	-	0.33	532.43
34	Jio Payments Bank App	1.24	74.89	-	-	-	-	-	-	1.24	74.89
35	Jupiter Money	0.13	29.30	-	-	-	-	-	-	0.13	29.30
36	Karnataka Bank App	0.16	18.64	-	-	-	-	-	-	0.16	18.64
37	Karur Vysya Bank App	0.03	14.14	-	-	-	-	-	-	0.03	14.14
38	Kotak Mahindra Bank Apps	4.31	771.05	-	-	-	-	-	-	4.31	771.05
39	MakeMy Trip	0.08	25.67	-	-	-	-	-	-	0.08	25.67
40	MI Pay	0.36	51.29	-	-	-	-	-	-	0.36	51.29
41	Mobikwik	3.20	687.94	-	-	-	-	-	-	3.20	687.94
42	NSDL Payments Bank App	0.01	0.84	-	-	-	-	-	-	0.01	0.84
43	Paytm Payments Bank App	462.71	53,793.06	7.02	9.55	-	-	73.82	7,614.92	543.55	61,417.53
44	PhonePe	1,653.19	3,06,437.37	-	-	-	-	-	-	1,653.19	3,06,437.37
45	Punjab National Bank App	0.07	25.07	-	-	-	-	-	-	0.07	25.07
46	Punjab Sindh Bank App	0.01	2.70	-	-	-	-	-	-	0.01	2.70
47	RBL Bank App	0.17	65.95	-	-	0.00	0.00	-	-	0.17	65.95
48	Samsung Pay	2.37	371.10	-	-	-	-	-	-	2.37	371.10
49	South Indian Bank App	0.09	31.18	-	-	-	-	-	-	0.09	31.18
50	Standard Chartered Bank App	0.08	45.86	-	-	-	-	-	-	0.08	45.86
51	State Bank of India Apps	3.77	1,874.58	-	-	-	-	-	-	3.77	1,874.58
52	UCO Bank App	0.10	23.44	-	-	-	-	-	-	0.10	23.44
53	Ultracash	2.02	163.57	-	-	-	-	-	-	2.02	163.57
54	Union Bank Apps	0.41	155.20	-	-	0.00	0.00	-	-	0.41	155.20
55	WhatsApp	1.01	62.31	-	-	-	-	-	-	1.01	62.31
56	Yes Bank Apps	23.02	4,994.32	0.01	0.01	-	-	-	-	23.03	4,994.33
57	YuvaPay	0.04	46.94	-	-	-	-	-	-	0.04	46.94
58	Other Apps	0.03	11.75	-	-	-	-	-	-	0.03	11.75

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.
WhatsApp*: Maximum registered user base of hundred (100) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Sep'21	3,654.30	6,54,351.81	1,981.03	5,28,973.37	1,673.26	1,25,378.44

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 50 Banks Performance (August'21)

UPI Remitter Banks - Top 50 Banks (August'21)
Sr. No.	UPI Remitter Banks (August-2021)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,018.15	90.60%	6.73%	2.66%	11.09	87.39%
2	HDFC BANK LTD	314.36	95.00%	4.71%	0.28%	2.21	96.84%
3	Axis Bank Ltd.	235.25	95.92%	3.62%	0.46%	1.29	70.47%
4	Bank of Baroda	219.01	92.58%	7.21%	0.21%	1.39	98.47%
5	ICICI Bank	217.79	94.79%	5.13%	0.08%	1.06	87.16%
6	Paytm Payments Bank	212.37	95.07%	4.74%	0.19%	1.26	88.73%
7	Punjab National Bank	173.85	86.19%	8.30%	5.51%	6.05	74.48%
8	Union Bank of India	170.46	89.69%	8.26%	2.05%	2.89	43.61%
9	Canara Bank	153.75	91.40%	7.95%	0.66%	1.16	93.65%
10	Bank of India	129.28	94.42%	4.82%	0.76%	1.25	75.49%
11	Kotak Mahindra Bank	129.15	93.82%	5.58%	0.59%	1.01	91.51%
12	Indian Bank	86.39	81.32%	14.37%	4.31%	2.31	52.72%
13	Central Bank Of India	75.71	92.22%	7.05%	0.74%	0.93	72.07%
14	IDBI Bank Limited	53.18	93.84%	5.76%	0.40%	0.39	86.48%
15	Airtel Payments Bank	46.00	86.55%	12.43%	1.02%	0.41	81.72%
16	Bank of Maharashtra	44.88	92.67%	7.02%	0.31%	0.25	86.47%
17	Indian Overseas Bank	43.07	92.47%	7.25%	0.27%	0.30	95.59%
18	Yes Bank Ltd	40.43	95.69%	3.69%	0.63%	0.17	80.14%
19	Federal Bank	40.38	94.94%	4.91%	0.15%	0.22	96.04%
20	UCO Bank	37.41	85.90%	6.81%	7.29%	0.97	25.49%
21	Karnataka Bank	34.56	87.10%	7.81%	5.10%	0.85	28.25%
22	INDUSIND BANK	28.76	92.41%	7.30%	0.29%	0.23	99.02%
23	Karur Vysya Bank	21.88	91.33%	8.34%	0.33%	0.15	91.97%
24	India Post Payment Bank	20.39	85.99%	13.28%	0.73%	0.20	68.97%
25	IDFC FIRST Bank	19.85	91.98%	7.24%	0.78%	0.22	81.49%
26	Bandhan Bank	14.67	87.52%	7.17%	5.31%	0.11	11.43%
27	South Indian Bank	14.20	93.78%	6.15%	0.08%	0.07	99.89%
28	Citibank	13.20	93.88%	4.45%	1.67%	0.05	99.48%
29	DBS Bank India Limited	12.21	94.81%	4.85%	0.34%	0.08	94.76%
30	Fino Payments Bank	12.20	80.52%	17.80%	1.68%	0.10	98.73%
31	City Union Bank	11.49	92.91%	6.80%	0.29%	0.07	99.47%
32	Standard Chartered	10.27	96.51%	3.08%	0.41%	0.07	90.80%
33	Andhra Pradesh Grameena Vikas Bank	9.23	77.79%	18.89%	3.31%	0.13	23.31%
34	Tamilnad Mercantile Bank	8.50	80.30%	8.29%	11.41%	0.20	68.55%
35	Ujjivan Small Finance Bank	8.50	91.27%	7.89%	0.84%	0.10	62.40%
36	Saraswat Bank	7.90	94.79%	4.63%	0.58%	0.08	91.41%
37	Punjab and Sind Bank	7.81	82.19%	10.83%	6.98%	0.44	14.04%
38	Pragathi Krishna Gramin Bank	7.66	82.43%	16.76%	0.82%	0.08	74.98%
39	Equitas Bank	7.41	84.33%	15.24%	0.43%	0.07	80.07%
40	Maharashtra Gramin Bank	7.13	81.05%	17.00%	1.94%	0.09	29.60%
41	AU small Finance Bank	6.96	93.08%	6.46%	0.46%	0.07	92.12%
42	Andhra Pragathi Grameena Bank	6.56	63.86%	33.99%	2.15%	0.15	43.53%
43	Jammu and Kashmir Bank	6.00	86.67%	9.63%	3.70%	0.06	67.81%
44	Kerala Gramin Bank	4.99	85.75%	13.47%	0.78%	0.03	94.08%
45	Rajasthan Marudhara Gramin Bank	4.96	82.80%	15.43%	1.77%	0.07	41.12%
46	RBL	4.57	90.82%	8.44%	0.74%	0.03	90.62%
47	Sarva Haryana Gramin Bank	4.24	87.70%	7.75%	4.55%	0.03	90.62%
48	Baroda Rajasthan Kshetriya Gramin Bank	4.15	84.63%	9.48%	5.89%	0.07	74.87%
49	ESAF Small Finance Bank Ltd.	4.10	90.93%	7.22%	1.85%	0.02	3.03%
50	Purvanchal Bank	4.08	75.94%	20.56%	3.50%	0.10	27.99%

UPI Top 50 Banks Performance (August'21)

UPI Beneficiary Banks - Top 50 Banks (August'21)
Sr.No.	UPI Beneficiary Banks (August-2021)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	642.43	99.53%	0.42%	0.03%	0.03%
2	State Bank Of India	535.44	96.30%	0.47%	3.09%	0.14%
3	Yes Bank Ltd	450.54	99.90%	0.06%	0.02%	0.03%
4	ICICI Bank	323.98	99.10%	0.83%	0.01%	0.05%
5	Axis Bank Ltd.	292.54	98.86%	0.38%	0.26%	0.50%
6	HDFC BANK LTD	199.42	97.90%	1.89%	0.08%	0.12%
7	Bank of Baroda	124.50	99.35%	0.49%	0.07%	0.09%
8	Union Bank of India	96.44	98.41%	0.73%	0.31%	0.55%
9	Canara Bank	95.00	98.21%	1.07%	0.55%	0.18%
10	Punjab National Bank	93.26	93.05%	0.66%	4.35%	1.94%
11	Bank of India	77.82	98.99%	0.52%	0.30%	0.19%
12	Kotak Mahindra Bank	76.74	98.08%	1.57%	0.15%	0.21%
13	Federal Bank	70.29	99.86%	0.12%	0.01%	0.01%
14	Indian Bank	44.94	97.20%	0.51%	0.50%	1.79%
15	Central Bank Of India	44.43	98.61%	0.85%	0.10%	0.44%
16	Airtel Payments Bank	43.10	98.01%	1.41%	0.37%	0.20%
17	INDUSIND BANK	38.56	98.49%	0.80%	0.02%	0.69%
18	IDBI Bank Limited	32.24	98.88%	0.84%	0.21%	0.07%
19	Indian Overseas Bank	26.27	99.22%	0.56%	0.14%	0.08%
20	Bank of Maharashtra	24.20	99.30%	0.41%	0.19%	0.10%
21	UCO Bank	22.96	91.06%	2.34%	5.19%	1.41%
22	Karnataka Bank	20.02	94.60%	1.22%	2.84%	1.34%
23	Karur Vysya Bank	15.74	99.00%	0.80%	0.12%	0.07%
24	IDFC FIRST Bank	12.36	98.67%	1.09%	0.12%	0.12%
25	India Post Payment Bank	11.85	98.91%	0.59%	0.33%	0.16%
26	South Indian Bank	10.62	98.19%	1.76%	0.06%	0.00%
27	Bandhan Bank	10.26	93.91%	0.92%	4.86%	0.31%
28	City Union Bank	7.68	97.91%	1.88%	0.19%	0.03%
29	AU small Finance Bank	6.30	98.99%	0.69%	0.16%	0.16%
30	CITI	6.28	99.85%	0.00%	0.00%	0.15%
31	Tamilnad Mercantile Bank	5.88	87.02%	1.09%	10.72%	1.17%
32	DBS Bank India Limited	5.84	95.19%	4.50%	0.11%	0.19%
33	Ujjivan Small Finance Bank	5.62	98.62%	0.72%	0.36%	0.31%
34	Fino Payments Bank	5.32	94.35%	4.27%	1.37%	0.02%
35	Andhra Pradesh Grameena Vikas Bank	5.13	97.02%	0.26%	1.98%	0.75%
36	Pragathi Krishna Gramin Bank	4.57	98.97%	0.42%	0.14%	0.47%
37	Equitas Bank	4.44	98.65%	1.04%	0.11%	0.19%
38	Saraswat Bank	4.26	98.58%	0.87%	0.48%	0.07%
39	Punjab and Sind Bank	4.22	96.92%	0.61%	1.86%	0.61%
40	Maharashtra Gramin Bank	3.74	97.59%	0.69%	1.45%	0.28%
41	RBL	3.50	95.56%	4.06%	0.35%	0.04%
42	Andhra Pragathi Grameena Bank	3.46	83.25%	14.90%	1.10%	0.75%
43	Kerala Gramin Bank	3.22	98.96%	0.54%	0.23%	0.27%
44	Rajasthan Marudhara Gramin Bank	3.07	98.04%	0.42%	0.91%	0.64%
45	Standard Chartered	2.99	98.29%	1.45%	0.21%	0.06%
46	Jammu and Kashmir Bank	2.86	94.71%	1.84%	3.16%	0.29%
47	ESAF Small Finance Bank Ltd.	2.66	98.65%	0.56%	0.65%	0.15%
48	Baroda Rajasthan Kshetriya Gramin Bank	2.62	92.82%	2.39%	2.83%	1.96%
49	Sarva Haryana Gramin Bank	2.60	89.92%	1.03%	8.67%	0.37%
50	Lakshmi Vilas Bank	2.60	98.89%	0.73%	0.19%	0.19%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (Aug'21)

UPI Apps (Aug'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	6.14	1,396.65	-	-	-	-	3.17	1,545.24	9.31	2,941.88
2	Allahabad Bank App	0.01	4.44	-	-	-	-	-	-	0.01	4.44
3	Amazon Pay	60.67	5,297.16	-	-	-	-	-	-	60.67	5,297.16
4	AU Small Finance Bank App	0.10	38.53	-	-	-	-	-	-	0.10	38.53
5	Axis Bank Apps	10.11	890.50	77.38	69.22	0.00	0.01	-	-	87.49	959.73
6	Bajaj Finserv	0.04	2.85	-	-	-	-	-	-	0.04	2.85
7	Bank of Baroda Apps	0.75	302.05	-	-	0.00	0.00	-	-	0.75	302.06
8	Bank of India App	0.03	10.31	-	-	-	-	-	-	0.03	10.31
9	Bank of Maharashtra App	0.04	7.76	-	-	0.00	0.00	-	-	0.04	7.76
10	BHIM	26.33	8,063.93	-	-	-	-	-	-	26.33	8,063.93
11	Canara Bank App	0.14	56.23	-	-	0.00	0.00	-	-	0.14	56.23
12	Central Bank of India App	0.13	47.83	-	-	0.00	0.00	-	-	0.13	47.83
13	Citi Bank App	0.09	72.04	-	-	-	-	-	-	0.09	72.04
14	City Union Bank App	0.01	2.73	-	-	-	-	-	-	0.01	2.73
15	Cointab	0.28	63.77	-	-	-	-	-	-	0.28	63.77
16	Cred	7.50	9,040.43	-	-	-	-	-	-	7.50	9,040.43
17	DBS Digibank App	0.57	187.52	-	-	-	-	-	-	0.57	187.52
18	Dena Bank App	0.02	23.12	-	-	-	-	-	-	0.02	23.12
19	Deutsche Bank App	0.73	81.70	-	-	0.00	0.04	-	-	0.73	81.74
20	Federal Bank App	0.35	74.71	-	-	-	-	-	-	0.35	74.71
21	Fino Payments bank App	0.02	1.38	-	-	-	-	-	-	0.02	1.38
22	Google Pay	1,243.75	2,44,453.05	-	-	-	-	-	-	1,243.75	2,44,453.05
23	HDFC Bank Apps	3.10	676.72	-	-	0.00	0.00	-	-	3.10	676.72
24	HSBC Bank App	0.07	39.19	0.00	0.05	-	-	-	-	0.07	39.24
25	ICICI Bank Apps	17.55	5,476.78	2.26	144.48	0.00	0.00	-	-	19.81	5,621.27
26	IDBI Bank App	0.03	11.26	-	-	-	-	-	-	0.03	11.26
27	IDFC Bank App	0.40	155.19	-	-	-	-	-	-	0.40	155.19
28	India Post Payments Bank App	2.00	255.16	-	-	-	-	-	-	2.00	255.16
29	Indian Bank App	0.08	34.46	-	-	-	-	-	-	0.08	34.46
30	IndusInd Bank App	0.52	570.21	-	-	-	-	-	-	0.52	570.21
31	Janta Sahakari Bank App	0.01	4.80	-	-	-	-	-	-	0.01	4.80
32	Jio Payments Bank App	1.06	68.16	-	-	-	-	-	-	1.06	68.16
33	Jupiter Money	0.07	17.36	-	-	-	-	-	-	0.07	17.36
34	Karnataka Bank App	0.12	15.38	-	-	-	-	-	-	0.12	15.38
35	Karur Vysya Bank App	0.03	15.25	-	-	-	-	-	-	0.03	15.25
36	Kotak Mahindra Bank Apps	3.98	723.21	-	-	0.00	0.00	-	-	3.98	723.21
37	MakeMy Trip	0.08	25.28	-	-	-	-	-	-	0.08	25.28
38	MI Pay	0.34	50.26	-	-	-	-	-	-	0.34	50.26
39	Mobikwik	2.59	418.04	-	-	-	-	-	-	2.59	418.04
40	NSDL Payments Bank App	0.01	0.85	-	-	-	-	-	-	0.01	0.85
41	Paytm Payments Bank App	423.63	50,021.40	6.17	6.15	-	-	68.85	6,292.08	498.65	56,319.62
42	PhonePe	1,622.95	3,01,644.80	-	-	-	-	-	-	1,622.95	3,01,644.80
43	Punjab National Bank App	0.04	15.28	-	-	0.00	0.00	-	-	0.04	15.28
44	Punjab Sindh Bank App	0.01	2.53	-	-	-	-	-	-	0.01	2.53
45	RBL Bank App	0.16	70.24	-	-	0.00	0.00	-	-	0.16	70.24
46	RealMe	0.01	0.41	-	-	-	-	-	-	0.01	0.41
47	Samsung Pay	2.25	372.08	-	-	-	-	-	-	2.25	372.08
48	South Indian Bank App	0.09	31.69	-	-	-	-	-	-	0.09	31.69
49	Standard Chartered Bank App	0.08	45.31	-	-	-	-	-	-	0.08	45.31
50	State Bank of India Apps	3.69	1,905.52	-	-	0.00	0.00	-	-	3.69	1,905.52
51	UCO Bank App	0.09	21.64	-	-	0.00	0.00	-	-	0.09	21.64
52	Ultracash	1.66	161.92	-	-	0.00	0.00	-	-	1.66	161.92
53	Union Bank Apps	0.37	150.94	-	-	0.00	0.00	-	-	0.37	150.94
54	WhatsApp	0.50	44.70	-	-	-	-	-	-	0.50	44.70
55	Yes Bank Apps	24.34	5,702.87	0.00	0.00	-	-	-	-	24.35	5,702.87
56	YuvaPay	0.02	19.01	-	-	-	-	-	-	0.02	19.01
57	Other Apps	0.02	10.41	-	-	-	-	-	-	0.02	10.41

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.
WhatsApp*: Maximum registered user base of hundred (100) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Aug'21	3,555.55	6,39,116.95	1,945.80	5,16,207.43	1,609.74	1,22,909.52

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (July'21)

UPI Remitter Banks - Top 30 Banks (July'21)
Sr. No.	UPI Remitter Banks (July-2021)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	936.08	91.19%	6.28%	2.53%	13.25	80.28%
2	HDFC BANK LTD	290.73	95.28%	4.66%	0.06%	1.71	99.41%
3	Axis Bank Ltd.	210.70	94.64%	5.11%	0.25%	1.11	75.51%
4	ICICI Bank	204.12	94.84%	5.12%	0.03%	0.96	93.62%
5	Bank of Baroda	195.78	92.31%	7.27%	0.43%	1.23	99.14%
6	Paytm Payments Bank	191.30	93.45%	6.19%	0.35%	1.53	79.71%
7	Punjab National Bank	158.02	89.52%	9.40%	1.08%	1.69	85.15%
8	Union Bank of India	153.70	87.80%	9.63%	2.57%	2.98	39.33%
9	Canara Bank	139.91	91.32%	8.23%	0.45%	1.00	94.37%
10	Bank of India	116.61	93.49%	4.76%	1.75%	1.45	62.26%
11	Kotak Mahindra Bank	115.72	94.27%	5.42%	0.30%	0.77	86.50%
12	Indian Bank	78.43	77.11%	11.35%	11.54%	4.10	29.28%
13	Central Bank Of India	69.47	92.38%	7.00%	0.62%	0.75	88.99%
14	IDBI Bank Limited	49.17	94.30%	5.36%	0.34%	0.39	87.06%
15	Yes Bank Ltd	40.70	96.32%	3.23%	0.45%	0.12	87.16%
16	Bank of Maharashtra	40.34	92.01%	7.31%	0.68%	0.27	77.97%
17	Airtel Payments Bank	39.84	85.36%	11.57%	3.07%	0.47	76.00%
18	Indian Overseas Bank	38.87	92.36%	6.66%	0.98%	0.40	84.40%
19	Federal Bank	35.56	94.72%	5.13%	0.16%	0.19	99.79%
20	UCO Bank	34.29	89.53%	6.52%	3.94%	0.64	36.78%
21	Karnataka Bank	31.27	87.85%	8.35%	3.80%	0.66	37.33%
22	INDUSIND BANK	27.56	89.27%	6.61%	4.12%	0.78	73.97%
23	Karur Vysya Bank	20.14	90.11%	8.16%	1.73%	0.30	62.48%
24	IDFC FIRST Bank	17.73	91.69%	7.27%	1.04%	0.23	64.04%
25	India Post Payment Bank	16.87	80.86%	16.87%	2.27%	0.13	85.10%
26	Bandhan Bank	13.45	88.05%	7.16%	4.79%	0.30	17.74%
27	South Indian Bank	12.92	92.60%	7.11%	0.29%	0.08	94.91%
28	Citibank	12.42	95.77%	3.96%	0.27%	0.05	99.25%
29	DBS Bank India Limited	11.63	94.88%	4.79%	0.34%	0.08	90.74%
30	City Union Bank	10.51	92.63%	6.84%	0.54%	0.08	91.15%

UPI Top 30 Banks Performance (July'21)

UPI Beneficiary Banks - Top 30 Banks (July'21)
Sr.No.	UPI Beneficiary Banks (July-2021)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	564.55	99.16%	0.51%	0.06%	0.28%
2	State Bank Of India	487.46	95.77%	0.57%	2.20%	1.46%
3	Yes Bank Ltd	419.86	99.70%	0.08%	0.03%	0.19%
4	ICICI Bank	311.00	97.96%	0.80%	0.01%	1.23%
5	Axis Bank Ltd.	269.13	99.25%	0.52%	0.04%	0.18%
6	HDFC BANK LTD	188.41	97.74%	1.98%	0.00%	0.28%
7	Bank of Baroda	111.24	99.20%	0.53%	0.13%	0.13%
8	Canara Bank	87.39	98.49%	1.13%	0.30%	0.08%
9	Union Bank of India	86.40	98.70%	0.72%	0.28%	0.31%
10	Punjab National Bank	86.17	98.34%	0.94%	0.64%	0.08%
11	Bank of India	70.46	98.07%	0.56%	1.25%	0.12%
12	Kotak Mahindra Bank	69.14	97.90%	1.81%	0.11%	0.18%
13	Federal Bank	65.46	99.88%	0.12%	0.00%	0.00%
14	Central Bank Of India	40.84	98.94%	0.90%	0.13%	0.03%
15	Airtel Payments Bank	38.68	97.47%	2.11%	0.40%	0.02%
16	Indian Bank	38.52	96.79%	0.53%	2.62%	0.06%
17	INDUSIND BANK	31.01	97.45%	1.16%	1.15%	0.24%
18	IDBI Bank Limited	29.77	98.81%	0.90%	0.17%	0.12%
19	Indian Overseas Bank	24.06	98.47%	0.67%	0.58%	0.28%
20	Bank of Maharashtra	22.06	98.58%	0.40%	0.68%	0.33%
21	UCO Bank	20.61	95.57%	1.27%	2.30%	0.86%
22	Karnataka Bank	17.74	94.24%	3.27%	2.08%	0.41%
23	Karur Vysya Bank	14.55	98.42%	0.83%	0.65%	0.10%
24	IDFC FIRST Bank	11.12	98.54%	1.21%	0.22%	0.03%
25	India Post Payment Bank	9.50	96.63%	0.79%	1.92%	0.67%
26	Bandhan Bank	9.25	96.01%	0.97%	3.00%	0.02%
27	South Indian Bank	9.24	97.27%	2.30%	0.23%	0.20%
28	City Union Bank	7.07	96.94%	2.05%	0.28%	0.73%
29	CITI	6.69	99.33%	0.10%	0.01%	0.56%
30	DBS Bank India Limited	5.71	95.02%	4.88%	0.08%	0.02%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (July'21)

UPI Apps (July'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	5.79	1534.21	-	-	-	-	1.57	809.00	7.36	2342.76
2	Allahabad Bank App	0.01	2.03	-	-	-	-	-	-	0.01	2.03
3	Amazon Pay	62.83	5223.57	-	-	-	-	-	-	62.83	5223.57
4	AU Small Finance Bank App	0.08	33.12	-	-	-	-	-	-	0.08	33.12
5	Axis Bank Apps	10.08	891.26	64.06	50.09	0.00	0.00	-	-	74.13	941.35
6	Bajaj Finserv	0.02	1.55	-	-	-	-	-	-	0.02	1.55
7	Bank of Baroda Apps	0.67	284.98	-	-	0.00	0.00	-	-	0.67	284.99
8	Bank of India App	0.03	9.80	-	-	-	-	-	-	0.03	9.80
9	Bank of Maharashtra App	0.03	7.27	-	-	-	-	-	-	0.03	7.27
10	BHIM	23.76	7442.86	-	-	-	-	-	-	23.76	7442.86
11	Canara Bank App	0.11	55.83	-	-	0.00	0.00	-	-	0.11	55.83
12	Central Bank of India App	0.12	46.71	-	-	-	-	-	-	0.12	46.71
13	Citi Bank App	0.09	80.39	-	-	-	-	-	-	0.09	80.39
14	City Union Bank App	0.01	2.09	-	-	-	-	-	-	0.01	2.09
15	Cointab	0.17	49.15	-	-	-	-	-	-	0.17	49.15
16	Cred	7.12	8121.41	-	-	-	-	-	-	7.12	8121.41
17	DBS Digibank App	0.57	189.67	-	-	-	-	-	-	0.57	189.67
18	Dena Bank App	0.02	24.26	-	-	-	-	-	-	0.02	24.26
19	Deutsche Bank App	0.52	55.42	-	-	0.00	0.10	-	-	0.52	55.55
20	Federal Bank App	0.28	68.82	-	-	-	-	-	-	0.28	68.82
21	Fino Payments bank App	0.01	1.13	-	-	-	-	-	-	0.01	1.13
22	Google Pay	1119.16	230847.54	-	-	-	-	-	-	1119.16	230847.54
23	HDFC Bank Apps	3.00	588.25	-	-	0.00	0.00	-	-	3.00	588.25
24	HSBC Bank App	0.06	40.49	0.00	0.04	-	-	-	-	0.06	40.52
25	ICICI Bank Apps	15.41	5761.98	2.85	134.07	0.00	0.00	-	-	18.26	5896.05
26	IDBI Bank App	0.02	11.24	-	-	-	-	-	-	0.02	11.24
27	IDFC Bank App	0.30	130.10	-	-	-	-	-	-	0.30	130.10
28	India Post Payments Bank App	1.79	231.52	-	-	-	-	-	-	1.79	231.52
29	Indian Bank App	0.08	33.52	-	-	0.00	0.00	-	-	0.08	33.52
30	IndusInd Bank App	2.18	458.06	-	-	0.00	0.00	-	-	2.18	458.06
31	Jio Payments Bank App	1.03	63.44	-	-	-	-	-	-	1.03	63.44
32	Jupiter Money	0.01	2.07	-	-	-	-	-	-	0.01	2.07
33	Karnataka Bank App	0.13	18.45	-	-	-	-	-	-	0.13	18.45
34	Karur Vysya Bank App	0.03	14.60	-	-	-	-	-	-	0.03	14.60
35	Kotak Mahindra Bank Apps	3.46	642.53	-	-	-	-	-	-	3.46	642.53
36	MakeMy Trip	0.08	29.31	-	-	-	-	-	-	0.08	29.31
37	MI Pay	0.34	53.34	-	-	-	-	-	-	0.34	53.34
38	Mobikwik	2.80	402.42	-	-	-	-	-	-	2.80	402.42
39	NSDL Payments Bank App	0.01	0.86	-	-	-	-	-	-	0.01	0.86
40	Paytm Payments Bank App	387.85	46406.52	4.10	4.07	-	-	62.11	5284.00	454.06	51694.41
41	PhonePe	1492.09	288573.00	-	-	-	-	-	-	1492.09	288572.90
42	Punjab National Bank App	0.02	8.86	-	-	0.00	0.00	-	-	0.02	8.86
43	RBL Bank App	0.15	68.54	-	-	-	-	-	-	0.15	68.54
44	Samsung Pay	2.02	367.67	-	-	-	-	-	-	2.02	367.67
45	South Indian Bank App	0.08	28.23	-	-	-	-	-	-	0.08	28.23
46	Standard Chartered Bank App	0.08	46.29	-	-	-	-	-	-	0.08	46.29
47	State Bank of India Apps	3.55	1908.20	-	-	0.00	0.00	-	-	3.55	1908.20
48	UCO Bank App	0.08	22.50	-	-	-	-	-	-	0.08	22.50
49	Ultracash	1.45	158.45	-	-	-	-	-	-	1.45	158.45
50	Union Bank Apps	0.33	137.37	-	-	0.00	0.00	-	-	0.33	137.37
51	WhatsApp	0.47	45.33	-	-	-	-	-	-	0.47	45.33
52	Yes Bank Apps	25.94	4811.73	-	-	-	-	-	-	25.94	4811.73
53	YuvaPay	0.48	38.30	-	-	-	-	-	-	0.48	38.30
54	Other Bank Apps	0.04	16.61	-	-	-	-	-	-	0.04	16.61

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.
WhatsApp*: Maximum registered user base of hundred (100) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
July'21	3,247.82	6,06,281.14	1,781.79	4,93,664.08	1,466.03	1,12,617.06

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (Jun'21)

UPI Remitter Banks - Top 30 Banks (June'21)
Sr. No.	UPI Remitter Banks (June-2021)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	812.88	92.90%	6.26%	0.84%	6.21	93.30%
2	HDFC BANK LTD	243.87	95.25%	4.69%	0.06%	1.25	99.44%
3	Axis Bank Ltd.	176.88	95.56%	4.08%	0.36%	1.04	63.06%
4	ICICI Bank	171.43	94.66%	5.17%	0.17%	0.90	75.00%
5	Bank of Baroda	168.54	91.53%	7.69%	0.78%	1.10	95.06%
6	Paytm Payments Bank	158.54	93.19%	6.71%	0.10%	1.10	93.73%
7	Punjab National Bank	146.76	84.14%	9.96%	5.90%	4.78	61.59%
8	Union Bank of India	130.72	89.89%	8.23%	1.88%	2.02	40.87%
9	Canara Bank	118.46	91.00%	8.74%	0.26%	0.81	96.94%
10	Bank of India	103.01	94.29%	4.83%	0.88%	0.94	73.49%
11	Kotak Mahindra Bank	95.22	94.09%	5.53%	0.38%	0.56	96.98%
12	Indian Bank	72.18	85.69%	10.94%	3.38%	1.26	41.39%
13	Central Bank Of India	61.18	92.48%	7.26%	0.26%	0.52	97.75%
14	IDBI Bank Limited	43.22	93.41%	5.42%	1.18%	0.32	89.30%
15	Yes Bank Ltd	37.08	96.99%	2.83%	0.18%	0.08	97.07%
16	Bank of Maharashtra	36.55	91.30%	7.37%	1.33%	0.24	68.12%
17	Airtel Payments Bank	33.79	83.64%	14.62%	1.74%	0.27	89.87%
18	Indian Overseas Bank	33.43	92.71%	6.97%	0.31%	0.23	93.83%
19	UCO Bank	29.58	90.51%	6.51%	2.99%	0.34	58.63%
20	Federal Bank	28.97	94.48%	5.29%	0.22%	0.14	96.89%
21	Karnataka Bank	27.64	83.25%	10.49%	6.27%	0.63	24.80%
22	INDUSIND BANK	24.39	91.34%	6.27%	2.39%	0.41	63.60%
23	Karur Vysya Bank	16.79	90.65%	8.52%	0.83%	0.14	77.28%
24	IDFC FIRST Bank	14.66	90.21%	8.09%	1.71%	0.20	44.79%
25	India Post Payment Bank	12.47	85.57%	14.16%	0.27%	0.10	87.00%
26	Bandhan Bank	11.71	89.59%	6.53%	3.89%	0.20	11.46%
27	South Indian Bank	10.73	93.28%	6.64%	0.07%	0.05	99.69%
28	Citibank	10.29	95.80%	3.94%	0.26%	0.04	94.02%
29	DBS Bank India Limited	9.93	95.15%	4.75%	0.10%	0.05	93.69%
30	City Union Bank	8.55	92.11%	7.27%	0.62%	0.05	84.08%

UPI Top 30 Banks Performance (Jun'21)

UPI Beneficiary Banks - Top 30 Banks (June'21)
Sr.No.	UPI Beneficiary Banks (June-2021)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	442.46	99.06%	0.89%	0.05%	0.00%
2	State Bank Of India	431.64	98.59%	0.66%	0.71%	0.05%
3	Yes Bank Ltd	378.70	99.89%	0.09%	0.00%	0.01%
4	ICICI Bank	288.31	99.10%	0.80%	0.02%	0.08%
5	Axis Bank Ltd.	227.53	99.02%	0.59%	0.18%	0.21%
6	HDFC BANK LTD	161.82	97.54%	2.41%	0.03%	0.02%
7	Bank of Baroda	94.42	98.95%	0.64%	0.20%	0.21%
8	Punjab National Bank	78.08	93.39%	2.05%	3.93%	0.63%
9	Union Bank of India	75.48	98.37%	0.87%	0.30%	0.46%
10	Canara Bank	73.17	98.52%	1.28%	0.07%	0.13%
11	Bank of India	61.92	98.84%	0.67%	0.38%	0.11%
12	Kotak Mahindra Bank	55.82	97.43%	2.32%	0.14%	0.11%
13	Federal Bank	50.28	99.81%	0.17%	0.02%	0.00%
14	Indian Bank	37.88	98.16%	0.56%	0.39%	0.90%
15	INDUSIND BANK	36.38	98.40%	1.13%	0.25%	0.22%
16	Central Bank Of India	35.73	98.73%	1.03%	0.03%	0.21%
17	Airtel Payments Bank	30.95	97.42%	2.14%	0.36%	0.08%
18	IDBI Bank Limited	26.29	97.65%	1.51%	0.77%	0.07%
19	Indian Overseas Bank	20.40	98.93%	0.88%	0.05%	0.14%
20	Bank of Maharashtra	19.96	98.68%	0.42%	0.80%	0.10%
21	UCO Bank	18.06	96.30%	1.46%	1.97%	0.27%
22	Karnataka Bank	15.94	93.24%	2.85%	3.12%	0.79%
23	Karur Vysya Bank	11.96	98.53%	1.05%	0.31%	0.11%
24	IDFC FIRST Bank	9.58	97.60%	1.34%	0.47%	0.59%
25	Bandhan Bank	8.15	95.75%	1.11%	2.43%	0.71%
26	South Indian Bank	7.47	97.28%	2.68%	0.05%	0.00%
27	India Post Payment Bank	7.42	98.92%	0.83%	0.13%	0.13%
28	CITI	5.82	99.79%	0.20%	0.00%	0.01%
29	City Union Bank	5.70	96.93%	2.67%	0.34%	0.06%
30	DBS Bank India Limited	5.18	94.56%	5.36%	0.04%	0.04%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (June'21)

UPI Apps (June'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	5.06	1,323.26	-	-	-	-	1.63	1,498.68	6.69	2,821.94
2	Amazon Pay	51.34	4,814.74	-	-	-	-	-	-	51.34	4,814.74
3	AU Small Finance Bank App	0.05	25.43	-	-	-	-	-	-	0.05	25.43
4	Axis Bank Apps	9.77	822.59	52.15	34.46	-	-	-	-	61.92	857.05
5	Bajaj Finserv	0.01	1.05	-	-	-	-	-	-	0.01	1.05
6	Bank of Baroda Apps	0.60	265.38	-	-	-	-	-	-	0.60	265.38
7	Bank of India App	0.02	8.25	-	-	-	-	-	-	0.02	8.25
8	Bank of Maharashtra App	0.03	6.82	-	-	-	-	-	-	0.03	6.82
9	BHIM	22.84	7,319.77	-	-	-	-	-	-	22.84	7,319.77
10	Canara Bank App	0.10	52.64	-	-	-	-	-	-	0.10	52.64
11	Central Bank of India App	0.11	45.30	-	-	-	-	-	-	0.11	45.30
12	Citi Bank App	0.08	75.09	-	-	-	-	-	-	0.08	75.09
13	Cointab	0.12	40.95	-	-	-	-	-	-	0.12	40.95
14	Cred	5.77	6,151.57	-	-	-	-	-	-	5.77	6,151.57
15	DBS Digibank App	0.51	170.57	-	-	-	-	-	-	0.51	170.57
16	Dena Bank App	0.02	21.57	-	-	-	-	-	-	0.02	21.57
17	Deutsche Bank App	0.32	27.44	-	-	-	-	-	-	0.32	27.44
18	Federal Bank App	0.21	49.99	-	-	-	-	-	-	0.21	49.99
19	Fino Payments bank App	0.01	1.09	-	-	-	-	-	-	0.01	1.09
20	Google Pay	972.26	2,07,287.73	-	-	-	-	-	-	972.26	2,07,287.73
21	HDFC Bank Apps	2.07	408.61	-	-	-	-	-	-	2.07	408.61
22	HSBC Bank App	0.07	35.56	0.00	0.02	-	-	-	-	0.07	35.57
23	ICICI Bank Apps	12.94	4,958.01	2.36	118.11	-	-	-	-	15.29	5,076.12
24	IDBI Bank App	0.02	10.86	-	-	-	-	-	-	0.02	10.86
25	IDFC Bank App	0.21	101.74	-	-	-	-	-	-	0.21	101.74
26	India Post Payments Bank App	1.47	203.73	-	-	-	-	-	-	1.47	203.73
27	Indian Bank App	0.05	25.18	-	-	-	-	-	-	0.05	25.18
28	IndusInd Bank App	2.18	421.41	-	-	-	-	-	-	2.18	421.41
29	Jio Payments Bank App	0.80	52.08	-	-	-	-	-	-	0.80	52.08
30	Karnataka Bank App	0.12	22.51	-	-	-	-	-	-	0.12	22.51
31	Karur Vysya Bank App	0.03	12.59	-	-	-	-	-	-	0.03	12.59
32	Kotak Mahindra Bank Apps	2.80	535.98	-	-	-	-	-	-	2.80	535.98
33	MakeMy Trip	0.06	22.16	-	-	-	-	-	-	0.06	22.16
34	MI Pay	0.36	56.69	-	-	-	-	-	-	0.36	56.69
35	Mobikwik	3.21	535.12	-	-	-	-	-	-	3.21	535.12
36	Paytm Payments Bank App	326.53	40,614.09	4.62	4.29	-	-	51.89	4,362.73	383.05	44,981.11
37	PhonePe	1,292.71	2,62,565.88	-	-	-	-	-	-	1,292.71	2,62,565.88
38	Punjab National Bank App	0.08	41.10	-	-	-	-	-	-	0.08	41.10
39	RBL Bank App	0.13	61.95	-	-	-	-	-	-	0.13	61.95
40	Samsung Pay	1.64	331.04	-	-	-	-	-	-	1.64	331.04
41	South Indian Bank App	0.06	24.30	-	-	-	-	-	-	0.06	24.30
42	Standard Chartered Bank App	0.06	39.42	-	-	-	-	-	-	0.06	39.42
43	State Bank of India Apps	3.43	1,978.61	-	-	-	-	-	-	3.43	1,978.61
44	UCO Bank App	0.09	20.80	-	-	-	-	-	-	0.09	20.80
45	Ultracash	1.19	148.09	-	-	-	-	-	-	1.19	148.09
46	Union Bank Apps	0.29	128.37	-	-	-	-	-	-	0.29	128.37
47	WhatsApp	0.46	42.44	-	-	-	-	-	-	0.46	42.44
48	Yes Bank Apps	24.72	5,227.04	0.00	0.00	-	-	-	-	24.72	5,227.04
49	YuvaPay	1.33	60.44	-	-	-	-	-	-	1.33	60.44
50	Others	0.05	19.27	-	-	-	-	-	-	0.05	19.27

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.
WhatsApp*: Maximum registered user base of hundred (100) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
June'21	2,807.51	5,47,373.17	1,550.08	4,47,775.59	1,257.43	99,597.58

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI IPO Banks Performance (June'21)

UPI IPO Remitter - Mandate Creation (June'21)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	4,86,555	84.63%	13.89%	1.48%
2	HDFC BANK LTD	3,07,185	90.35%	9.08%	0.57%
3	ICICI Bank	2,16,456	92.23%	7.62%	0.15%
4	Bank of Baroda	1,73,853	82.29%	15.83%	1.88%
5	Axis Bank Ltd.	1,21,395	88.66%	10.83%	0.51%
6	Punjab National Bank	1,17,727	43.51%	7.10%	49.39%
7	Bank of India	74,305	86.89%	11.62%	1.49%
8	Kotak Mahindra Bank	72,811	92.22%	7.65%	0.13%
9	Union Bank of India	61,710	85.99%	12.47%	1.54%
10	Canara Bank	41,120	81.23%	18.38%	0.39%
11	IDBI Bank Limited	38,163	89.13%	10.84%	0.03%
12	Central Bank Of India	32,501	88.04%	11.66%	0.30%
13	Indian Bank	18,268	83.40%	11.49%	5.11%
14	Citibank	18,153	93.34%	6.54%	0.12%
15	INDUSIND BANK	16,794	88.57%	10.40%	1.03%
16	Yes Bank Ltd	16,111	80.40%	17.80%	1.80%
17	Bank of Maharashtra	15,286	75.63%	10.10%	14.27%
18	Indian Overseas Bank	14,228	37.76%	6.67%	55.57%
19	IDFC FIRST Bank	13,586	82.48%	10.68%	6.84%
20	UCO Bank	12,029	86.43%	11.87%	1.70%
21	The Mehsana Urban Co-Operative Bank Ltd.	11,599	60.62%	10.94%	28.44%
22	Standard Chartered	8,542	90.95%	8.41%	0.64%
23	Saraswat Bank	8,233	64.26%	8.34%	27.40%
24	Karnataka Bank	5,950	79.48%	12.47%	8.05%
25	Rajkot Nagrik Sahakari Bank Ltd.	5,901	76.97%	13.20%	9.83%
26	Federal Bank	5,877	85.18%	14.67%	0.15%
27	Bandhan Bank	4,584	83.12%	13.37%	3.51%
28	Karur Vysya Bank	3,896	84.17%	14.14%	1.69%
29	DBS BANK LTD	3,620	91.05%	8.20%	0.75%
30	South Indian Bank	3,006	88.66%	11.27%	0.07%
31	RBL	2,437	84.28%	15.72%	0.00%
32	Kalupur Commercial Cooperative Bank	2,359	86.99%	12.76%	0.25%
33	HSBC	2,134	90.96%	5.29%	3.75%
34	Punjab and Sind Bank	2,092	64.78%	34.46%	0.76%
35	AU Small Finance bank	2,006	65.15%	4.89%	29.96%
36	Tamilnad Mercantile Bank	1,732	84.64%	9.76%	5.60%
37	City Union Bank	1,713	84.71%	14.82%	0.47%
38	TJSB	1,320	76.06%	11.97%	11.97%
39	DCB Bank Ltd	1,280	85.23%	14.69%	0.08%
40	Svc co-operative bank ltd	1,140	81.40%	17.28%	1.32%
41	Surat People Cooperative Bank	1,060	83.68%	14.34%	1.98%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	886	86.91%	10.72%	2.37%
43	Janata Sahakari Bank Ltd. Pune	556	79.14%	14.21%	6.65%
44	Dhanlaxmi Bank Ltd	366	77.05%	18.03%	4.92%
45	Catholic Syrian Bank	295	84.07%	10.51%	5.42%
46	GP PARSIK BANK	177	80.79%	12.43%	6.78%

Note:

Cases which are expired (after the specified time limit) have been excluded.

Remarks

Mandate Creation means a transaction where the customer has created a successful block of amount in the bank account for an IPO application.

UPI IPO Remitter - Mandate Execution (June'21)
Sr. No.	Remitter Bank	Total Volume	Approved%	BD%	TD%
1	State Bank Of India	78,706	98.86%	0.85%	0.29%
2	HDFC BANK LTD	57,737	98.61%	1.24%	0.15%
3	ICICI Bank	40,813	97.76%	2.22%	0.02%
4	Bank of Baroda	29,882	56.43%	0.24%	43.33%
5	Axis Bank Ltd.	22,205	98.73%	1.27%	0.00%
6	Punjab National Bank	13,495	68.74%	21.82%	9.44%
7	Kotak Mahindra Bank	12,541	99.50%	0.48%	0.02%
8	Bank of India	11,389	99.86%	0.14%	0.00%
9	Union Bank of India	10,479	92.09%	4.42%	3.49%
10	Canara Bank	6,938	88.29%	11.70%	0.01%
11	IDBI Bank Limited	6,573	98.95%	0.62%	0.43%
12	Central Bank Of India	6,335	98.33%	0.57%	1.10%
13	Citibank	4,140	99.47%	0.53%	0.00%
14	INDUSIND BANK	3,039	96.68%	3.32%	0.00%
15	Indian Bank	2,974	96.77%	3.23%	0.00%
16	Yes Bank Ltd	2,568	99.34%	0.54%	0.12%
17	IDFC FIRST Bank	2,275	98.95%	0.87%	0.18%
18	Bank of Maharashtra	2,239	98.17%	0.00%	1.83%
19	UCO Bank	1,909	92.46%	6.54%	1.00%
20	Standard Chartered	1,791	99.27%	0.17%	0.56%
21	Indian Overseas Bank	1,287	98.83%	1.17%	0.00%
22	The Mehsana Urban Co-Operative Bank Ltd.	1,124	99.91%	0.09%	0.00%
23	Saraswat Bank	1,046	97.80%	2.20%	0.00%
24	Karnataka Bank	1,041	92.80%	0.48%	6.72%
25	Federal Bank	1,014	95.86%	4.14%	0.00%
26	Karur Vysya Bank	734	96.59%	2.32%	1.09%
27	Bandhan Bank	714	93.28%	0.00%	6.72%
28	Rajkot Nagrik Sahakari Bank Ltd.	694	99.57%	0.43%	0.00%
29	HSBC	683	41.43%	0.00%	58.57%
30	South Indian Bank	600	94.67%	3.00%	2.33%
31	RBL	387	100.00%	0.00%	0.00%
32	DBS BANK LTD	371	100.00%	0.00%	0.00%
33	Kalupur Commercial Cooperative Bank	337	91.99%	0.00%	8.01%
34	Tamilnad Mercantile Bank	331	82.18%	16.91%	0.91%
35	City Union Bank	327	100.00%	0.00%	0.00%
36	Svc co-operative bank ltd	285	34.74%	64.91%	0.35%
37	Punjab and Sind Bank	272	38.97%	61.03%	0.00%
38	AU Small Finance bank	248	93.55%	6.45%	0.00%
39	DCB Bank Ltd	212	92.92%	7.08%	0.00%
40	Surat People Cooperative Bank	210	97.62%	0.00%	2.38%
41	TJSB	204	100.00%	0.00%	0.00%
42	THE AHMEDABAD MERCANTILE CO OP BANK LTD	115	100.00%	0.00%	0.00%
43	Janata Sahakari Bank Ltd. Pune	92	100.00%	0.00%	0.00%
44	Dhanlaxmi Bank Ltd	53	100.00%	0.00%	0.00%
45	Catholic Syrian Bank	47	97.87%	0.00%	2.13%
46	GP PARSIK BANK	22	100.00%	0.00%	0.00%

Note:

Mandate execution relate only to IPO applications for which the shares have been allotted.
Business Declines (BD) and Technical Declines (TD) are at the time of online transactions and such declines are manually processed within 24 hrs to 48 hrs.

Remarks

Mandate Execution means transaction where the customer has applied for an IPO and has been allotted shares for which the funds are debited from the applicant’s account.

UPI Top 30 Banks Performance (May'21)

UPI Remitter Banks - Top 30 Banks (May'21)
Sr. No.	UPI Remitter Banks (May-2021)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	738.71	92.51%	6.41%	1.08%	5.84	92.21%
2	HDFC BANK LTD	215.12	95.06%	4.88%	0.06%	1.18	99.95%
3	Axis Bank Ltd.	172.04	96.07%	3.82%	0.11%	0.68	87.97%
4	ICICI Bank	151.71	94.68%	5.25%	0.08%	0.65	94.54%
5	Bank of Baroda	150.93	92.12%	7.64%	0.24%	0.92	99.05%
6	Paytm Payments Bank	145.00	92.98%	6.91%	0.11%	1.01	98.13%
7	Punjab National Bank	130.87	91.52%	7.01%	1.47%	1.32	67.83%
8	Union Bank of India	114.27	91.79%	7.65%	0.56%	0.95	74.53%
9	Canara Bank	107.20	88.62%	10.72%	0.66%	1.09	89.29%
10	Bank of India	92.96	94.63%	4.98%	0.39%	0.79	83.13%
11	Kotak Mahindra Bank	82.44	93.13%	5.82%	1.05%	1.09	94.86%
12	Indian Bank	62.87	83.33%	10.97%	5.70%	2.35	52.58%
13	Central Bank Of India	55.45	92.12%	7.54%	0.34%	0.51	94.12%
14	Andhra Bank	40.94	94.60%	4.63%	0.77%	0.44	68.15%
15	IDBI Bank Limited	38.53	94.16%	5.54%	0.30%	0.25	92.16%
16	Bank of Maharashtra	32.23	92.31%	7.56%	0.12%	0.16	96.64%
17	Yes Bank Ltd	32.04	96.81%	3.07%	0.12%	0.07	98.55%
18	Indian Overseas Bank	30.28	91.82%	7.25%	0.93%	0.22	90.21%
19	Airtel Payments Bank	29.46	86.78%	12.01%	1.21%	0.24	91.25%
20	UCO Bank	26.20	92.91%	6.58%	0.51%	0.20	87.96%
21	Federal Bank	25.31	94.72%	5.14%	0.14%	0.12	97.81%
22	Karnataka Bank	24.68	89.20%	9.92%	0.87%	0.20	52.21%
23	INDUSIND BANK	22.54	93.81%	6.13%	0.06%	0.12	98.59%
24	Karur Vysya Bank	15.10	89.70%	9.33%	0.98%	0.14	71.62%
25	IDFC FIRST Bank	12.93	92.00%	7.83%	0.17%	0.08	83.46%
26	Bandhan Bank	10.37	90.32%	6.63%	3.05%	0.17	10.68%
27	India Post Payment Bank	10.25	86.44%	13.22%	0.33%	0.08	88.27%
28	Citibank	9.45	95.55%	3.71%	0.74%	0.05	85.08%
29	South Indian Bank	9.38	93.75%	6.13%	0.12%	0.04	99.67%
30	DBS Bank India Limited	8.98	95.10%	4.83%	0.07%	0.05	95.86%

UPI Top 30 Banks Performance (May'21)

UPI Beneficiary Banks - Top 30 Banks (May'21)
Sr.No.	UPI Beneficiary Banks (May-2021)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	State Bank Of India	391.51	98.29%	0.76%	0.88%	0.07%
2	Paytm Payments Bank	371.15	98.67%	1.26%	0.06%	0.00%
3	Yes Bank Ltd	363.73	99.87%	0.12%	0.01%	0.00%
4	ICICI Bank	280.54	99.06%	0.91%	0.03%	0.01%
5	Axis Bank Ltd.	204.81	99.20%	0.71%	0.04%	0.06%
6	HDFC BANK LTD	143.07	96.70%	3.24%	0.03%	0.03%
7	Bank of Baroda	82.78	99.08%	0.76%	0.01%	0.14%
8	Punjab National Bank	72.16	97.56%	1.24%	1.11%	0.10%
9	Union Bank of India	66.32	97.85%	1.90%	0.10%	0.15%
10	Canara Bank	64.52	98.16%	1.48%	0.09%	0.27%
11	Bank of India	55.34	99.02%	0.83%	0.07%	0.08%
12	Kotak Mahindra Bank	50.02	96.68%	2.33%	0.21%	0.78%
13	Federal Bank	40.97	99.80%	0.19%	0.01%	0.00%
14	INDUSIND BANK	35.09	98.48%	1.18%	0.02%	0.32%
15	Indian Bank	32.53	95.67%	0.53%	1.81%	1.99%
16	Central Bank Of India	32.06	98.52%	1.21%	0.06%	0.22%
17	Airtel Payments Bank	27.21	97.18%	0.67%	2.04%	0.11%
18	Andhra Bank	26.28	99.21%	0.35%	0.09%	0.34%
19	IDBI Bank Limited	23.59	95.79%	4.01%	0.15%	0.05%
20	Indian Overseas Bank	18.27	98.08%	1.19%	0.06%	0.67%
21	Bank of Maharashtra	17.89	99.24%	0.55%	0.16%	0.05%
22	UCO Bank	16.03	97.66%	1.86%	0.41%	0.07%
23	Karnataka Bank	14.95	97.18%	2.17%	0.45%	0.20%
24	Karur Vysya Bank	10.45	98.19%	1.30%	0.28%	0.23%
25	IDFC FIRST Bank	8.65	96.84%	3.00%	0.07%	0.09%
26	Bandhan Bank	7.05	95.97%	1.26%	2.05%	0.71%
27	India Post Payment Bank	6.44	98.79%	0.92%	0.19%	0.11%
28	South Indian Bank	6.31	96.73%	3.14%	0.12%	0.01%
29	CITI	6.19	99.77%	0.17%	0.00%	0.06%
30	City Union Bank	5.07	96.86%	2.87%	0.21%	0.06%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (May'21)

UPI Apps (May'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	4.06	429.12	-	-	-	-	-	-	4.06	429.12
2	Allahabad Bank App	0.01	4.43	-	-	-	-	-	-	0.01	4.43
3	Amazon Pay	58.35	4,782.59	-	-	-	-	-	-	58.35	4,782.59
4	AU Small Finance Bank App	0.04	20.29	-	-	-	-	-	-	0.04	20.29
5	Axis Bank Apps	10.27	769.07	58.63	37.23	-	-	-	-	68.90	806.31
6	Bajaj Finserv	0.01	0.77	-	-	-	-	-	-	0.01	0.77
7	Bank of Baroda Apps	0.54	230.89	-	-	-	-	-	-	0.54	230.89
8	Bank of India App	0.01	5.23	-	-	-	-	-	-	0.01	5.23
9	Bank of Maharashtra App	0.02	6.18	-	-	-	-	-	-	0.02	6.18
10	BHIM	21.02	6,776.20	-	-	-	-	-	-	21.02	6,776.20
11	Canara Bank App	0.09	45.92	-	-	-	-	-	-	0.09	45.92
12	Central Bank of India App	0.10	42.18	-	-	-	-	-	-	0.10	42.18
13	Citi Bank App	0.08	70.14	-	-	-	-	-	-	0.08	70.14
14	Cointab	0.10	35.72	-	-	-	-	-	-	0.10	35.72
15	Cred	5.65	6,142.78	-	-	-	-	-	-	5.65	6,142.78
16	DBS Digibank App	0.47	160.73	-	-	-	-	-	-	0.47	160.73
17	Dena Bank App	0.02	20.90	-	-	-	-	-	-	0.02	20.90
18	Deutsche Bank App	0.21	14.69	-	-	0.000004	0.04	-	-	0.21	14.73
19	Federal Bank App	0.17	38.99	-	-	-	-	-	-	0.17	38.99
20	Fino Payments bank App	0.01	1.23	-	-	-	-	-	-	0.01	1.23
21	Google Pay	880.59	1,87,136.95	-	-	-	-	-	-	880.59	1,87,136.95
22	HDFC Bank Apps	1.56	274.77	-	-	-	-	-	-	1.56	274.77
23	HSBC Bank App	0.06	35.67	0.00003	0.01	-	-	-	-	0.06	35.68
24	ICICI Bank Apps	10.95	4,411.52	2.21	102.59	-	-	-	-	13.16	4,514.11
25	IDBI Bank App	0.02	10.36	-	-	-	-	-	-	0.02	10.36
26	IDFC Bank App	0.15	72.34	-	-	-	-	-	-	0.15	72.34
27	India Post Payments Bank App	1.29	178.52	-	-	-	-	-	-	1.29	178.52
28	Indian Bank App	0.06	26.84	-	-	-	-	-	-	0.06	26.84
29	IndusInd Bank App	3.12	433.37	-	-	-	-	-	-	3.12	433.37
30	Jio Payments Bank App	0.68	40.92	-	-	-	-	-	-	0.68	40.92
31	Karnataka Bank App	0.10	20.74	-	-	-	-	-	-	0.10	20.74
32	Karur Vysya Bank App	0.02	11.59	-	-	-	-	-	-	0.02	11.59
33	Kotak Mahindra Bank Apps	2.37	427.40	-	-	-	-	-	-	2.37	427.40
34	MakeMy Trip	0.03	11.47	-	-	-	-	-	-	0.03	11.47
35	MI Pay	0.37	55.17	-	-	-	-	-	-	0.37	55.17
36	Mobikwik	3.18	467.11	-	-	-	-	-	-	3.18	467.11
37	NSDL Payments Bank App	0.01	0.58	-	-	-	-	-	-	0.01	0.58
38	Paytm Payments Bank App	290.69	35,715.48	1.57	2.84	-	-	51.56	8,023	343.81	43,741.16
39	PhonePe	1,149.84	2,34,123.57	-	-	-	-	-	-	1,149.84	2,34,123.57
40	Punjab National Bank App	0.11	55.51	-	-	-	-	-	-	0.11	55.51
41	RBL Bank App	0.12	56.21	-	-	-	-	-	-	0.12	56.21
42	Samsung Pay	1.36	302.68	-	-	-	-	-	-	1.36	302.68
43	South Indian Bank App	0.05	19.67	-	-	-	-	-	-	0.05	19.67
44	Standard Chartered Bank App	0.06	36.73	-	-	-	-	-	-	0.06	36.73
45	State Bank of India Apps	3.69	2,079.32	-	-	-	-	-	-	3.69	2,079.32
46	UCO Bank App	0.08	19.50	-	-	-	-	-	-	0.08	19.50
47	Ultracash	1.15	142.92	-	-	-	-	-	-	1.15	142.92
48	Union Bank Apps	0.28	110.65	-	-	-	-	-	-	0.28	110.65
49	WhatsApp	0.51	48.15	-	-	-	-	-	-	0.51	48.15
50	Yes Bank Apps	21.08	4,486.54	-	-	-	-	-	-	21.08	4,486.54
51	YuvaPay	2.32	73.16	-	-	-	-	-	-	2.32	73.16
52	Others	0.03	12.47	-	-	-	-	-	-	0.03	12.47

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.
WhatsApp*: Maximum registered user base of hundred (100) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
May'21	2,539.57	4,90,638.65	1,396.99	4,03,884.58	1,142.58	86,754.07

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (April'21)

UPI Remitter Banks - Top 30 Banks (April'21)
Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD %	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	755.71	92.11%	6.82%	1.07%	4.94	98.22%
2	HDFC BANK LTD	231.53	95.04%	4.78%	0.17%	1.40	98.34%
3	Axis Bank Ltd.	191.12	95.73%	3.85%	0.42%	1.30	47.69%
4	ICICI Bank	164.83	94.76%	5.00%	0.24%	0.83	79.37%
5	Paytm Payments Bank	164.47	92.68%	7.32%	0.01%	1.17	99.61%
6	Bank of Baroda	152.80	92.02%	7.60%	0.38%	0.87	99.47%
7	Punjab National Bank	132.92	91.54%	7.32%	1.14%	1.85	50.87%
8	Union Bank of India	113.21	90.94%	8.43%	0.63%	1.00	71.29%
9	Canara Bank	112.33	88.46%	11.28%	0.26%	0.74	94.91%
10	Bank of India	93.46	94.05%	5.30%	0.65%	0.90	73.72%
11	Kotak Mahindra Bank	88.09	93.10%	6.07%	0.83%	0.88	87.31%
12	Indian Bank	67.27	74.06%	12.29%	13.65%	6.44	60.33%
13	Central Bank Of India	56.36	91.22%	7.86%	0.92%	0.69	69.51%
14	Andhra Bank	42.50	93.55%	5.13%	1.32%	0.70	64.54%
15	IDBI Bank Limited	39.68	93.80%	5.79%	0.41%	0.30	82.06%
16	Yes Bank Ltd	34.68	96.17%	3.41%	0.42%	0.11	77.45%
17	Bank of Maharashtra	31.71	91.89%	8.00%	0.11%	0.17	97.38%
18	Indian Overseas Bank	31.12	91.44%	7.96%	0.60%	0.29	82.14%
19	Airtel Payments Bank	29.38	87.39%	11.64%	0.97%	0.27	87.20%
20	Karnataka Bank	28.29	89.27%	10.07%	0.67%	0.22	56.89%
21	Federal Bank	27.97	94.19%	5.49%	0.32%	0.18	99.33%
22	UCO Bank	26.88	92.77%	6.79%	0.44%	0.21	80.40%
23	INDUSIND BANK	24.93	94.35%	5.62%	0.02%	0.12	99.30%
24	Karur Vysya Bank	16.52	85.46%	9.19%	5.35%	0.56	46.93%
25	IDFC FIRST Bank	14.24	92.21%	6.94%	0.85%	0.16	49.66%
26	Citibank	10.92	95.02%	3.71%	1.27%	0.04	96.64%
27	DBS Bank India Limited	10.49	93.95%	5.58%	0.47%	0.06	80.70%
28	Bandhan Bank	10.44	91.33%	6.72%	1.94%	0.08	75.82%
29	South Indian Bank	10.30	92.44%	7.48%	0.08%	0.05	99.18%
30	India Post Payment Bank	9.15	86.61%	13.33%	0.06%	0.06	95.25%

UPI Top 30 Banks Performance (April'21)

UPI Beneficiary Banks - Top 30 Banks (April'21)
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	430.04	98.94%	1.05%	0.01%	0.00%
2	State Bank Of India	396.30	98.51%	0.74%	0.54%	0.21%
3	Yes Bank Ltd	359.78	99.82%	0.09%	0.06%	0.02%
4	ICICI Bank	248.84	98.92%	0.99%	0.07%	0.03%
5	Axis Bank Ltd.	221.81	99.05%	0.54%	0.09%	0.32%
6	HDFC BANK LTD	151.35	97.44%	2.47%	0.05%	0.05%
7	Bank of Baroda	85.87	98.95%	0.69%	0.25%	0.11%
8	Punjab National Bank	75.07	96.35%	0.91%	2.62%	0.13%
9	Canara Bank	69.89	98.72%	1.09%	0.07%	0.11%
10	Union Bank of India	65.68	98.05%	1.58%	0.21%	0.16%
11	Kotak Mahindra Bank	56.41	97.47%	1.91%	0.16%	0.47%
12	Bank of India	56.07	98.65%	0.83%	0.32%	0.19%
13	Federal Bank	55.94	99.88%	0.11%	0.01%	0.00%
14	INDUSIND BANK	34.84	98.71%	0.97%	0.02%	0.31%
15	Central Bank Of India	32.66	97.76%	1.17%	0.77%	0.31%
16	Indian Bank	31.54	91.34%	0.58%	2.34%	5.74%
17	Airtel Payments Bank	27.48	97.59%	0.58%	1.60%	0.24%
18	Andhra Bank	26.68	99.04%	0.33%	0.06%	0.58%
19	IDBI Bank Limited	24.63	96.48%	3.21%	0.20%	0.11%
20	Indian Overseas Bank	19.76	98.58%	1.07%	0.12%	0.23%
21	Karnataka Bank	17.36	97.55%	1.59%	0.65%	0.22%
22	Bank of Maharashtra	17.23	99.34%	0.51%	0.09%	0.06%
23	UCO Bank	16.73	97.94%	1.54%	0.41%	0.10%
24	Karur Vysya Bank	11.60	95.77%	1.14%	1.71%	1.39%
25	IDFC FIRST Bank	9.18	96.69%	2.74%	0.33%	0.23%
26	Bandhan Bank	7.49	96.89%	1.16%	1.86%	0.09%
27	South Indian Bank	7.46	97.61%	2.30%	0.08%	0.01%
28	City Union Bank	5.71	97.25%	2.18%	0.50%	0.07%
29	India Post Payment Bank	5.69	98.89%	1.01%	0.05%	0.05%
30	DBS Bank India Limited	5.33	94.70%	4.85%	0.34%	0.11%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (April'21)

UPI Apps (April'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	3.53	363.66	-	-	-	-	11.18	10,808.76	14.70	11,172.43
2	Allahabad Bank App	0.02	5.21	-	-	-	-	-	-	0.02	5.21
3	Amazon Pay	49.12	4,272.47	-	-	-	-	-	-	49.12	4,272.47
4	AU Small Finance Bank App	0.04	20.23	-	-	-	-	-	-	0.04	20.23
5	Axis Bank Apps	9.72	697.87	70.80	49.59	-	-	-	-	80.52	747.46
6	Bajaj Finserv	0.01	0.96	-	-	-	-	-	-	0.01	0.96
7	Bank of Baroda Apps	0.56	238.50	-	-	-	-	-	-	0.56	238.50
8	Bank of India App	0.01	2.11	-	-	-	-	-	-	0.01	2.11
9	Bank of Maharashtra App	0.02	6.05	-	-	-	-	-	-	0.02	6.05
10	BHIM	22.26	6,886.78	-	-	-	-	-	-	22.26	6,886.78
11	Canara Bank App	0.09	43.87	-	-	-	-	-	-	0.09	43.87
12	Central Bank of India App	0.11	41.58	-	-	-	-	-	-	0.11	41.58
13	Citi Bank App	0.08	68.17	-	-	-	-	-	-	0.08	68.17
14	Cointab	0.11	40.84	-	-	-	-	-	-	0.11	40.84
15	Cred	5.08	5,419.88	-	-	-	-	-	-	5.08	5,419.88
16	DBS Digibank App	0.54	164.93	-	-	-	-	-	-	0.54	164.93
17	Dena Bank App	0.02	22.37	-	-	-	-	-	-	0.02	22.37
18	Deutsche Bank App	0.43	43.32	-	-	0.00002	0.26	-	-	0.43	43.58
19	Federal Bank App	0.19	39.57	-	-	-	-	-	-	0.19	39.57
20	Fino Payments bank App	0.01	1.18	-	-	-	-	-	-	0.01	1.18
21	Google Pay	905.96	190,106.71	-	-	-	-	-	-	905.96	190,106.71
22	HDFC Bank Apps	1.42	243.86	-	-	-	-	-	-	1.42	243.86
23	HSBC Bank App	0.07	40.02	0.00	0.01	-	-	-	-	0.07	40.03
24	ICICI Bank Apps	10.76	3,672.30	3.60	155.65	-	-	-	-	14.37	3,827.95
25	IDBI Bank App	0.02	9.59	-	-	-	-	-	-	0.02	9.59
26	IDFC Bank App	0.15	65.23	-	-	0.000001	0.0000001	-	-	0.15	65.23
27	India Post Payments Bank App	1.32	174.08	-	-	-	-	-	-	1.32	174.08
28	Indian Bank App	0.06	24.13	-	-	-	-	-	-	0.06	24.13
29	IndusInd Bank App	4.20	654.49	-	-	-	-	-	-	4.20	654.49
30	Jio Payments Bank App	0.57	35.43	-	-	-	-	-	-	0.57	35.43
31	Karnataka Bank App	0.12	21.13	-	-	-	-	-	-	0.12	21.13
32	Karur Vysya Bank App	0.03	13.08	-	-	-	-	-	-	0.03	13.08
33	Kotak Mahindra Bank Apps	2.13	381.37	-	-	-	-	-	-	2.13	381.37
34	MakeMy Trip	0.08	26.08	-	-	-	-	-	-	0.08	26.08
35	MI Pay	0.38	58.08	-	-	-	-	-	-	0.38	58.08
36	Mobikwik	2.09	254.32	-	-	-	-	-	-	2.09	254.32
37	Paytm Payments Bank App	320.78	36,859.20	1.66	2.57	-	-	50.26	4,607.76	372.70	41,469.53
38	PhonePe	1,189.89	234,023.33	-	-	-	-	-	-	1,189.89	234,023.33
39	Punjab National Bank App	0.12	63.07	-	-	-	-	-	-	0.12	63.07
40	RBL Bank App	0.13	58.08	-	-	-	-	-	-	0.13	58.08
41	Samsung Pay	1.62	312.93	-	-	-	-	-	-	1.62	312.93
42	South Indian Bank App	0.07	23.53	-	-	-	-	-	-	0.07	23.53
43	Standard Chartered Bank App	0.06	33.32	-	-	-	-	-	-	0.06	33.32
44	State Bank of India Apps	4.14	2,359.08	-	-	-	-	-	-	4.14	2,359.08
45	UCO Bank App	0.07	16.17	-	-	-	-	-	-	0.07	16.17
46	Ultracash	1.49	178.72	-	-	-	-	-	-	1.49	178.72
47	Union Bank Apps	0.34	135.79	-	-	-	-	-	-	0.34	135.79
48	WhatsApp	0.54	47.62	-	-	-	-	-	-	0.54	47.62
49	Yes Bank Apps	22.81	5,120.17	0.00004	0.0002	-	-	-	-	22.81	5,120.17
50	YuvaPay	1.59	51.22	-	-	-	-	-	-	1.59	51.22
51	Other Apps	0.03	13.88	-	-	-	-	-	-	0.03	13.88

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.
WhatsApp*: Maximum registered user base of hundred (100) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Apr-21	2,641.06	493,663.67	1,448.53	411,827.19	1,192.53	81,836.48

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (March'21)

UPI Remitter Banks - Top 30 Banks (March'21)
Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD %	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	775.55	92.28%	6.82%	0.90%	5.92	98.23%
2	HDFC BANK LTD	244.63	95.27%	4.60%	0.13%	1.46	98.98%
3	Axis Bank Ltd.	186.90	95.57%	3.83%	0.60%	1.29	49.92%
4	ICICI Bank	173.82	94.03%	4.95%	1.01%	1.99	78.93%
5	Paytm Payments Bank	173.09	92.65%	7.30%	0.05%	1.18	96.79%
6	Bank of Baroda	158.70	91.83%	7.82%	0.34%	0.95	98.51%
7	Punjab National Bank	142.78	91.40%	7.15%	1.45%	2.31	52.57%
8	Canara Bank	114.82	86.74%	12.92%	0.34%	0.81	94.73%
9	Union Bank of India	111.46	89.95%	7.93%	2.12%	1.47	50.67%
10	Bank of India	98.25	93.09%	6.20%	0.71%	0.90	70.57%
11	Kotak Mahindra Bank	92.30	92.83%	6.31%	0.85%	0.74	95.37%
12	Indian Bank	70.06	82.44%	11.17%	6.39%	3.38	61.89%
13	Central Bank Of India	59.96	91.30%	7.45%	1.25%	0.92	72.23%
14	Andhra Bank	42.91	89.04%	5.84%	5.12%	1.83	53.10%
15	IDBI Bank Limited	42.09	93.87%	5.74%	0.39%	0.33	81.81%
16	Yes Bank Ltd	41.87	95.90%	3.79%	0.30%	0.14	64.84%
17	Bank of Maharashtra	34.72	91.70%	7.58%	0.73%	0.26	66.45%
18	Indian Overseas Bank	32.17	89.97%	8.12%	1.90%	0.26	80.36%
19	Karnataka Bank	29.55	88.68%	10.46%	0.86%	0.26	47.47%
20	Federal Bank	29.44	94.69%	4.98%	0.34%	0.19	95.02%
21	Airtel Payments Bank	27.69	86.81%	11.89%	1.30%	0.34	79.67%
22	UCO Bank	27.59	91.61%	7.08%	1.31%	0.29	65.28%
23	INDUSIND BANK	25.71	93.60%	5.52%	0.88%	0.25	64.05%
24	Karur Vysya Bank	17.17	87.89%	8.77%	3.34%	0.26	52.35%
25	IDFC FIRST Bank	14.72	92.23%	7.33%	0.45%	0.11	69.82%
26	Citibank	11.77	94.88%	4.10%	1.02%	0.05	96.34%
27	DBS Bank India Limited	11.45	93.74%	4.78%	1.48%	0.14	31.44%
28	South Indian Bank	10.90	92.65%	7.21%	0.14%	0.06	95.00%
29	Bandhan Bank	10.57	89.71%	6.66%	3.63%	0.13	73.45%
30	City Union Bank	9.63	84.73%	14.66%	0.60%	0.07	91.41%

UPI Top 30 Banks Performance (March'21)

UPI Beneficiary Banks - Top 30 Banks (March'21)
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	469.84	99.22%	0.74%	0.03%	0.01%
2	State Bank Of India	413.33	98.50%	0.82%	0.48%	0.20%
3	Yes Bank Ltd	334.87	99.86%	0.09%	0.03%	0.02%
4	ICICI Bank	245.42	98.54%	0.95%	0.41%	0.11%
5	Axis Bank Ltd.	232.53	99.03%	0.46%	0.31%	0.20%
6	HDFC BANK LTD	160.75	98.02%	1.94%	0.01%	0.03%
7	Bank of Baroda	91.60	99.10%	0.62%	0.11%	0.17%
8	Punjab National Bank	79.60	98.37%	0.87%	0.66%	0.11%
9	Canara Bank	72.88	98.65%	1.05%	0.12%	0.18%
10	Federal Bank	68.28	99.86%	0.11%	0.01%	0.02%
11	Union Bank of India	65.04	97.85%	1.11%	0.70%	0.34%
12	Bank of India	59.27	98.36%	0.94%	0.51%	0.20%
13	Kotak Mahindra Bank	57.60	97.61%	1.83%	0.21%	0.35%
14	Indian Bank	38.38	95.64%	0.57%	1.22%	2.57%
15	INDUSIND BANK	37.40	98.40%	0.96%	0.15%	0.50%
16	Central Bank Of India	34.83	98.22%	0.94%	0.34%	0.50%
17	Airtel Payments Bank	26.42	97.27%	1.54%	0.82%	0.36%
18	IDBI Bank Limited	26.04	97.74%	1.99%	0.17%	0.11%
19	Andhra Bank	25.80	95.95%	0.38%	1.18%	2.49%
20	Indian Overseas Bank	20.60	96.52%	1.09%	2.11%	0.28%
21	Bank of Maharashtra	19.08	99.13%	0.41%	0.30%	0.16%
22	Karnataka Bank	18.40	97.87%	1.40%	0.39%	0.33%
23	UCO Bank	17.65	96.32%	1.53%	1.91%	0.25%
24	Karur Vysya Bank	12.76	95.74%	1.10%	2.72%	0.44%
25	IDFC FIRST Bank	9.46	97.38%	2.22%	0.20%	0.20%
26	South Indian Bank	7.99	97.57%	2.35%	0.06%	0.02%
27	Bandhan Bank	7.67	94.81%	1.21%	3.67%	0.31%
28	City Union Bank	6.20	97.17%	2.33%	0.42%	0.09%
29	DBS Bank India Limited	5.49	94.38%	4.14%	0.63%	0.86%
30	India Post Payment Bank	5.38	98.17%	1.44%	0.28%	0.11%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (March'21)

UPI Apps (March'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	3.79	381.74	-	-	-	-	-	-	3.79	381.74
2	Allahabad Bank App	0.05	13.51	-	-	-	-	-	-	0.05	13.51
3	Amazon Pay	52.38	4,457.47	-	-	-	-	-	-	52.38	4,457.47
4	AU Small Finance Bank App	0.04	21.33	-	-	-	-	-	-	0.04	21.33
5	Axis Bank Apps	8.56	704.60	64.32	44.31	-	-	-	-	72.87	748.91
6	Bajaj Finserv	0.01	1.02	-	-	-	-	-	-	0.01	1.02
7	Bank of Baroda Apps	0.78	294.28	-	-	-	-	-	-	0.78	294.28
8	Bank of Maharashtra App	0.03	6.73	-	-	-	-	-	-	0.03	6.73
9	BHIM	24.42	7,653.21	-	-	-	-	-	-	24.42	7,653.21
10	Canara Bank App	0.10	47.87	-	-	-	-	-	-	0.10	47.87
11	Central Bank of India App	0.12	46.03	-	-	-	-	-	-	0.12	46.03
12	Citi Bank App	0.10	71.02	-	-	-	-	-	-	0.10	71.02
13	Cointab	0.12	45.71	-	-	-	-	-	-	0.12	45.71
14	Cred	4.96	5,389.97	-	-	-	-	-	-	4.96	5,389.97
15	DBS Digibank App	0.59	178.13	-	-	-	-	-	-	0.59	178.13
16	Dena Bank App	0.02	23.57	-	-	-	-	-	-	0.02	23.57
17	Deutsche Bank App	0.71	79.28	-	-	0.00002	0.30	-	-	0.71	79.58
18	Federal Bank App	0.20	38.85	-	-	-	-	-	-	0.20	38.85
19	Fino Payments bank App	0.01	1.28	-	-	-	-	-	-	0.01	1.28
20	Google Pay	957.01	2,01,185.14	-	-	-	-	-	-	957.01	2,01,185.14
21	HDFC Bank Apps	1.59	244.17	-	-	-	-	-	-	1.59	244.17
22	HSBC Bank App	0.08	45.88	0.00	0.02	-	-	-	-	0.08	45.89
23	ICICI Bank Apps	9.95	3,703.08	4.00	120.28	-	-	-	-	13.95	3,823.36
24	IDBI Bank App	0.02	9.68	-	-	-	-	-	-	0.02	9.68
25	IDFC Bank App	0.13	60.84	-	-	-	-	-	-	0.13	60.84
26	India Post Payments Bank App	1.21	167.52	-	-	-	-	-	-	1.21	167.52
27	Indian Bank App	0.09	34.10	-	-	-	-	-	-	0.09	34.10
28	IndusInd Bank App	4.49	541.66	-	-	-	-	-	-	4.49	541.66
29	Janta Sahakari Bank App	0.01	5.32	-	-	-	-	-	-	0.01	5.32
30	Jio Payments Bank App	0.47	32.14	-	-	-	-	-	-	0.47	32.14
31	Karnataka Bank App	0.12	20.89	-	-	-	-	-	-	0.12	20.89
32	Karur Vysya Bank App	0.03	15.14	-	-	-	-	-	-	0.03	15.14
33	Kotak Mahindra Bank Apps	2.26	397.99	-	-	-	-	-	-	2.26	397.99
34	MakeMy Trip	0.09	31.20	-	-	-	-	-	-	0.09	31.20
35	MI Pay	0.42	64.65	-	-	-	-	-	-	0.42	64.65
36	Mobikwik	2.22	315.59	-	-	-	-	-	-	2.22	315.59
37	Paytm Payments Bank App	344.99	38,653.06	2.79	4.50	-	-	53.37	4,563.69	401.16	43,221.25
38	PhonePe	1,199.51	2,31,412.33	-	-	-	-	-	-	1,199.51	2,31,412.33
39	Punjab National Bank App	0.14	72.25	-	-	-	-	-	-	0.14	72.25
40	Punjab Sind Bank App	0.01	3.21	-	-	-	-	-	-	0.01	3.21
41	RBL Bank App	0.14	59.94	-	-	-	-	-	-	0.14	59.94
42	RealMe	0.01	1.44	-	-	-	-	-	-	0.01	1.44
43	Samsung Pay	1.83	326.96	-	-	-	-	-	-	1.83	326.96
44	South Indian Bank App	0.07	25.50	-	-	-	-	-	-	0.07	25.50
45	Standard Chartered Bank App	0.05	30.66	-	-	-	-	-	-	0.05	30.66
46	State Bank of India Apps	4.55	2,578.38	-	-	-	-	-	-	4.55	2,578.38
47	Truecaller	0.01	3.55	-	-	-	-	-	-	0.01	3.55
48	UCO Bank App	0.07	16.08	-	-	-	-	-	-	0.07	16.08
49	Ultracash	1.33	158.23	-	-	0.000001	0.0000001	-	-	1.33	158.23
50	Union Bank Apps	0.38	144.93	-	-	-	-	-	-	0.38	144.93
51	WhatsApp	0.58	38.17	-	-	-	-	-	-	0.58	38.17
52	Yes Bank Apps	29.14	4,831.58	0.00	0.00	-	-	-	-	29.14	4,831.58
53	YuvaPay	0.56	18.56	-	-	-	-	-	-	0.56	18.56
54	Other Apps	0.02	11.62	-	-	-	-	-	-	0.02	11.62

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Mar-21	2,731.68	5,04,886.44	1,515.53	4,21,810.19	1,216.15	83,076.25

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (February'21)

UPI Remitter Banks - Top 30 Banks (February'21)
Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD %	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	656.92	91.34%	7.45%	1.20%	5.99	98.57%
2	HDFC BANK LTD	207.27	95.22%	4.47%	0.31%	1.62	96.58%
3	Axis Bank Ltd.	164.27	94.94%	4.24%	0.83%	1.16	94.04%
4	Paytm Payments Bank	149.32	92.45%	7.43%	0.11%	1.16	94.04%
5	ICICI Bank	148.98	93.94%	5.19%	0.87%	1.62	89.58%
6	Bank of Baroda	131.16	92.15%	7.46%	0.39%	0.96	96.68%
7	Punjab National Bank	119.36	92.55%	6.74%	0.70%	1.60	81.62%
8	Canara Bank	95.94	82.83%	16.34%	0.83%	0.98	93.72%
9	Union Bank of India	88.80	88.13%	7.67%	4.20%	2.77	29.11%
10	Bank of India	82.65	92.52%	6.00%	1.49%	1.03	59.05%
11	Kotak Mahindra Bank	77.82	92.91%	6.40%	0.68%	0.70	88.21%
12	Central Bank Of India	50.38	92.09%	7.33%	0.58%	0.53	89.69%
13	Indian Bank	49.48	76.63%	13.09%	10.28%	2.83	28.43%
14	Yes Bank Ltd	39.68	97.53%	2.26%	0.21%	0.10	72.17%
15	Andhra Bank	37.01	79.45%	5.54%	15.00%	4.15	38.41%
16	IDBI Bank Limited	35.83	94.01%	5.56%	0.42%	0.33	86.58%
17	Bank of Maharashtra	30.01	89.64%	7.65%	2.70%	0.30	55.28%
18	Indian Overseas Bank	26.85	90.51%	8.46%	1.04%	0.39	78.83%
19	Karnataka Bank	25.05	86.33%	12.34%	1.33%	0.28	44.82%
20	Federal Bank	24.62	93.98%	4.87%	1.14%	0.29	80.81%
21	Airtel Payments Bank	23.49	85.71%	12.71%	1.58%	0.26	76.89%
22	UCO Bank	23.29	92.08%	7.27%	0.65%	0.22	79.83%
23	INDUSIND BANK	20.08	92.63%	5.83%	1.54%	0.37	93.58%
24	Karur Vysya Bank	14.33	90.19%	9.07%	0.73%	0.14	84.39%
25	IDFC FIRST Bank	12.25	90.59%	8.60%	0.81%	0.12	58.86%
26	Citibank	10.42	94.32%	3.73%	1.95%	0.06	89.88%
27	DBS Bank India Limited	9.98	94.85%	4.71%	0.44%	0.08	58.17%
28	South Indian Bank	8.94	92.95%	6.05%	1.00%	0.07	78.37%
29	Bandhan Bank	8.93	89.70%	6.73%	3.58%	0.16	52.09%
30	Allahabad Bank	8.47	77.23%	15.94%	6.83%	0.28	25.88%

UPI Top 30 Banks Performance (February'21)

UPI Beneficiary Banks - Top 30 Banks (February'21)
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	389.24	99.22%	0.73%	0.04%	0.01%
2	State Bank Of India	352.24	98.19%	0.88%	0.83%	0.09%
3	Yes Bank Ltd	272.55	99.78%	0.18%	0.02%	0.02%
4	ICICI Bank	211.14	98.55%	1.13%	0.27%	0.05%
5	Axis Bank Ltd.	204.37	98.15%	0.55%	0.54%	0.76%
6	HDFC BANK LTD	138.82	96.74%	3.15%	0.05%	0.06%
7	Bank of Baroda	77.11	98.94%	0.74%	0.24%	0.08%
8	Punjab National Bank	67.34	98.86%	0.91%	0.22%	0.01%
9	Canara Bank	59.80	98.21%	1.11%	0.32%	0.36%
10	Federal Bank	58.25	99.69%	0.12%	0.15%	0.05%
11	Bank of India	50.88	96.14%	1.10%	2.48%	0.27%
12	Union Bank of India	50.63	95.64%	2.21%	0.88%	1.26%
13	Kotak Mahindra Bank	48.54	97.33%	1.96%	0.25%	0.46%
14	INDUSIND BANK	30.13	96.37%	1.05%	0.17%	2.40%
15	Central Bank Of India	30.10	98.39%	1.14%	0.22%	0.25%
16	Indian Bank	28.62	87.69%	0.54%	8.96%	2.80%
17	IDBI Bank Limited	23.26	93.24%	6.43%	0.18%	0.15%
18	Airtel Payments Bank	22.21	96.57%	2.69%	0.46%	0.28%
19	Andhra Bank	20.68	86.89%	0.38%	6.04%	6.70%
20	Indian Overseas Bank	17.24	97.92%	1.35%	0.32%	0.42%
21	Bank of Maharashtra	16.77	96.03%	0.51%	3.07%	0.38%
22	Karnataka Bank	15.82	96.30%	2.10%	1.22%	0.38%
23	UCO Bank	15.25	95.97%	1.83%	2.04%	0.16%
24	Karur Vysya Bank	10.75	98.09%	1.25%	0.43%	0.23%
25	IDFC FIRST Bank	7.89	96.74%	2.52%	0.47%	0.28%
26	South Indian Bank	6.96	93.27%	2.42%	4.23%	0.08%
27	Bandhan Bank	6.39	95.56%	1.31%	2.59%	0.54%
28	Allahabad Bank	6.36	77.76%	1.68%	19.31%	1.25%
29	City Union Bank	5.29	97.09%	2.45%	0.37%	0.09%
30	DBS Bank India Limited	4.97	95.10%	4.25%	0.24%	0.41%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (February'21)

UPI Apps (February'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	3.33	348.70	-	-	-	-	-	-	3.33	348.70
2	Allahabad Bank App	0.05	12.23	-	-	-	-	-	-	0.05	12.23
3	Amazon Pay	44.22	3,831.99	-	-	-	-	-	-	44.22	3,831.99
4	AU Small Finance Bank App	0.03	15.48	-	-	-	-	-	-	0.03	15.48
5	Axis Bank Apps	6.72	604.08	58.02	44.38	-	-	-	-	64.74	648.47
6	Bajaj Finserv	0.01	1.03	-	-	-	-	-	-	0.01	1.03
7	Bank of Baroda Apps	0.66	256.49	-	-	-	-	-	-	0.66	256.49
8	Bank of Maharashtra App	0.02	5.73	-	-	-	-	-	-	0.02	5.73
9	BHIM	20.44	6,379.91	-	-	-	-	-	-	20.44	6,379.91
10	Canara Bank App	0.08	37.39	-	-	-	-	-	-	0.08	37.39
11	Central Bank of India App	0.10	39.78	-	-	-	-	-	-	0.10	39.78
12	Citi Bank App	0.10	64.89	-	-	-	-	-	-	0.10	64.89
13	Cointab	0.12	41.56	-	-	-	-	-	-	0.12	41.56
14	Cred	3.94	4,229.11	-	-	-	-	-	-	3.94	4,229.11
15	DBS Digibank App	0.52	167.48	-	-	-	-	-	-	0.52	167.48
16	Dena Bank App	0.01	17.66	-	-	-	-	-	-	0.01	17.66
17	Deutsche Bank App	0.55	59.97	-	-	0.000002	0.004	-	-	0.55	59.97
18	Federal Bank App	0.16	30.55	-	-	-	-	-	-	0.16	30.55
19	Fino Payments bank App	0.01	1.14	-	-	-	-	-	-	0.01	1.14
20	Google Pay	827.86	1,74,455.33	-	-	-	-	-	-	827.86	1,74,455.33
21	HDFC Bank Apps	1.13	208.06	-	-	-	-	-	-	1.13	208.06
22	HSBC Bank App	0.05	37.34	0.0001	0.02	-	-	-	-	0.05	37.36
23	ICICI Bank Apps	7.63	2,393.80	2.31	83.43	-	-	-	-	9.93	2,477.23
24	IDBI Bank App	0.02	9.15	-	-	-	-	-	-	0.02	9.15
25	IDFC Bank App	0.10	47.09	-	-	-	-	-	-	0.10	47.09
26	India Post Payments Bank App	1.23	145.46	-	-	-	-	-	-	1.23	145.46
27	Indian Bank App	0.05	12.38	-	-	-	-	-	-	0.05	12.38
28	IndusInd Bank App	2.16	379.54	-	-	-	-	-	-	2.16	379.54
29	Janta Sahakari Bank App	0.01	4.35	-	-	-	-	-	-	0.01	4.35
30	Jio Payments Bank App	0.36	25.76	-	-	-	-	-	-	0.36	25.76
31	Karnataka Bank App	0.09	16.41	-	-	-	-	-	-	0.09	16.41
32	Karur Vysya Bank App	0.03	13.87	-	-	-	-	-	-	0.03	13.87
33	Kotak Mahindra Bank Apps	1.95	347.66	-	-	-	-	-	-	1.95	347.66
34	MakeMy Trip	0.12	44.08	-	-	-	-	-	-	0.12	44.08
35	MI Pay	0.40	59.91	-	-	-	-	-	-	0.40	59.91
36	Mobikwik	1.92	216.94	-	-	-	-	-	-	1.92	216.94
37	Paytm Payments Bank App	290.03	34,405.44	3.41	5.86	-	-	47.27	4,082.22	340.71	38,493.52
38	PhonePe	975.53	1,89,517.82	-	-	-	-	-	-	975.53	1,89,517.82
39	Punjab National Bank App	0.13	62.93	-	-	-	-	-	-	0.13	62.93
40	Punjab Sind Bank App	0.01	3.67	-	-	-	-	0.00001	0.01	0.01	3.67
41	RBL Bank App	0.12	49.40	-	-	-	-	-	-	0.12	49.40
42	RealMe	0.01	1.63	-	-	-	-	-	-	0.01	1.63
43	Samsung Pay	1.65	296.08	-	-	-	-	-	-	1.65	296.08
44	South Indian Bank App	0.06	22.61	-	-	-	-	-	-	0.06	22.61
45	Standard Chartered Bank App	0.05	27.11	-	-	-	-	-	-	0.05	27.11
46	State Bank of India Apps	4.13	2,273.77	-	-	-	-	-	-	4.13	2,273.77
47	Truecaller	0.05	15.36	-	-	-	-	-	-	0.05	15.36
48	UCO Bank App	0.06	13.69	-	-	-	-	-	-	0.06	13.69
49	Ultracash	0.89	118.31	-	-	-	-	-	-	0.89	118.31
50	Union Bank Apps	0.32	119.40	-	-	-	-	-	-	0.32	119.40
51	WhatsApp	0.55	32.41	-	-	-	-	-	-	0.55	32.41
52	Yes Bank Apps	29.34	3,396.01	0.00	0.00	-	-	-	-	29.34	3,396.01
53	YuvaPay	0.02	0.63	-	-	-	-	-	-	0.02	0.63
54	Other Apps	0.02	10.49	-	-	-	-	-	-	0.02	10.49

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Feb-21	2,292.90	425,062.76	1,281.80	354,819.42	1,011.10	70,243.34

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (January'21)

UPI Remitter Banks - Top 30 Banks (January'21)
Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD %	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	664.75	91.73%	6.83%	1.44%	9.19	98.04%
2	HDFC BANK LTD	206.65	94.03%	4.62%	1.35%	2.29	94.83%
3	Axis Bank Ltd.	173.38	96.39%	3.51%	0.10%	1.06	87.20%
4	ICICI Bank	152.06	92.81%	5.22%	1.97%	2.79	51.74%
5	Paytm Payments Bank	145.61	91.85%	8.10%	0.05%	1.24	96.80%
6	Bank of Baroda	126.31	91.48%	8.04%	0.47%	1.19	98.00%
7	Punjab National Bank	118.43	90.22%	8.13%	1.66%	2.34	54.16%
8	Union Bank of India	85.95	79.75%	7.36%	12.89%	6.05	26.29%
9	Bank of India	82.24	93.02%	6.46%	0.51%	0.93	77.87%
10	Canara Bank	81.70	81.13%	16.74%	2.14%	1.93	87.68%
11	Kotak Mahindra Bank	77.16	93.18%	6.37%	0.45%	0.88	96.69%
12	Andhra Bank	56.64	78.09%	11.51%	10.40%	3.08	44.84%
13	Central Bank Of India	50.57	91.81%	7.57%	0.62%	0.75	93.02%
14	Indian Bank	47.13	80.15%	10.02%	9.83%	1.68	20.01%
15	IDBI Bank Limited	36.09	94.24%	5.58%	0.18%	0.38	91.95%
16	Bank of Maharashtra	30.11	91.82%	7.89%	0.29%	0.19	91.68%
17	Indian Overseas Bank	26.87	90.17%	8.81%	1.02%	0.55	88.21%
18	Karnataka Bank	25.46	84.61%	13.29%	2.10%	0.48	51.12%
19	Federal Bank	24.88	92.71%	5.79%	1.50%	0.45	80.11%
20	Yes Bank Ltd	24.84	96.00%	3.67%	0.33%	0.10	90.32%
21	UCO Bank	23.81	90.00%	9.67%	0.33%	0.26	86.51%
22	Airtel Payments Bank	23.49	85.68%	13.36%	0.96%	0.25	92.93%
23	Syndicate Bank	22.49	86.86%	12.25%	0.89%	0.35	81.38%
24	Allahabad Bank	19.90	84.13%	14.52%	1.36%	0.28	64.60%
25	INDUSIND BANK	19.48	93.75%	6.04%	0.21%	0.17	91.90%
26	Karur Vysya Bank	14.37	89.30%	9.71%	0.98%	0.27	81.19%
27	IDFC FIRST Bank	11.91	90.52%	8.36%	1.12%	0.17	53.23%
28	Citibank	10.75	94.64%	3.74%	1.62%	0.08	97.85%
29	DBS Bank India Limited	10.00	95.01%	4.85%	0.14%	0.08	84.49%
30	South Indian Bank	9.22	91.83%	7.80%	0.37%	0.10	87.35%

UPI Top 30 Banks Performance (January'21)

UPI Beneficiary Banks - Top 30 Banks (January'21)
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	368.90	99.19%	0.78%	0.03%	0.01%
2	State Bank Of India	354.61	97.59%	0.82%	1.52%	0.07%
3	Yes Bank Ltd	273.95	99.84%	0.14%	0.01%	0.01%
4	ICICI Bank	237.59	97.93%	0.83%	0.86%	0.38%
5	Axis Bank Ltd.	207.61	99.44%	0.48%	0.01%	0.07%
6	HDFC BANK LTD	138.37	95.69%	2.78%	1.43%	0.10%
7	Bank of Baroda	73.53	98.94%	0.77%	0.10%	0.20%
8	Punjab National Bank	66.17	98.13%	1.08%	0.65%	0.13%
9	Federal Bank	54.05	99.42%	0.14%	0.37%	0.08%
10	Kotak Mahindra Bank	49.77	97.80%	1.80%	0.04%	0.36%
11	Bank of India	49.62	98.27%	1.08%	0.45%	0.21%
12	Canara Bank	49.52	96.38%	1.37%	1.11%	1.13%
13	Union Bank of India	45.35	92.21%	1.87%	3.08%	2.84%
14	Andhra Bank	33.60	85.10%	9.63%	2.67%	2.60%
15	Central Bank Of India	29.89	98.29%	1.16%	0.04%	0.51%
16	Indian Bank	26.98	92.06%	0.79%	5.50%	1.65%
17	INDUSIND BANK	26.52	97.32%	1.09%	0.05%	1.55%
18	IDBI Bank Limited	22.79	95.69%	4.21%	0.05%	0.05%
19	Airtel Payments Bank	21.52	96.72%	2.83%	0.35%	0.10%
20	Indian Overseas Bank	16.81	97.90%	1.05%	0.48%	0.56%
21	Bank of Maharashtra	16.62	98.96%	0.50%	0.42%	0.12%
22	Syndicate Bank	16.58	81.65%	9.57%	8.65%	0.14%
23	Karnataka Bank	16.03	94.21%	2.10%	3.18%	0.51%
24	UCO Bank	14.80	97.86%	1.62%	0.40%	0.12%
25	Allahabad Bank	12.73	96.80%	2.08%	0.86%	0.26%
26	Karur Vysya Bank	10.60	98.11%	1.24%	0.41%	0.25%
27	IDFC FIRST Bank	7.47	97.39%	1.76%	0.26%	0.59%
28	South Indian Bank	6.77	97.27%	2.38%	0.31%	0.04%
29	Bandhan Bank	6.22	97.48%	1.34%	1.02%	0.16%
30	CITI	5.94	99.90%	0.10%	0.00%	0.00%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (January'21)

UPI Apps (January'21)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	PhonePe	968.72	1,91,973.77	-	-	-	-	-	-	968.72	1,91,973.77
2	Google Pay	853.53	1,77,791.47	-	-	-	-	-	-	853.53	1,77,791.47
3	Paytm Payments Bank App	281.18	33,909.50	3.52	5.59	-	-	47.99	3,930.67	332.69	37,845.76
4	Axis Bank Apps	5.23	560.70	66.73	57.74	-	-	-	-	71.96	618.44
5	Amazon Pay	46.30	4,044.38	-	-	-	-	-	-	46.30	4,044.38
6	BHIM	23.38	7,462.94	-	-	-	-	-	-	23.38	7,462.94
7	Yes Bank Apps	14.78	3,207.95	0.0019	0.003	-	-	-	-	14.78	3,207.95
8	ICICI Bank Apps	6.22	1,835.97	4.24	148.10	-	-	-	-	10.46	1,984.07
9	State Bank of India Apps	4.29	2,358.82	-	-	-	-	-	-	4.29	2,358.82
10	Cred	4.08	4,247.83	-	-	-	-	-	-	4.08	4,247.83
11	Airtel Payments Bank Apps	3.71	355.77	-	-	-	-	-	-	3.71	355.77
12	Mobikwik	1.94	253.16	-	-	-	-	-	-	1.94	253.16
13	Kotak Mahindra Bank Apps	1.88	343.38	-	-	-	-	-	-	1.88	343.38
14	IndusInd Bank App	1.82	367.77	-	-	-	-	-	-	1.82	367.77
15	Samsung Pay	1.67	314.07	-	-	-	-	-	-	1.67	314.07
16	HDFC Bank Apps	1.52	244.03	-	-	-	-	-	-	1.52	244.03
17	Freecharge	1.12	63.80	-	-	-	-	-	-	1.12	63.80
18	India Post Payments Bank App	1.08	123.25	-	-	-	-	-	-	1.08	123.25
19	Ultracash	0.75	120.28	-	-	-	-	-	-	0.75	120.28
20	Bank of Baroda Apps	0.75	293.25	-	-	-	-	-	-	0.75	293.25
21	WhatsApp	0.56	36.44	-	-	-	-	-	-	0.56	36.44
22	DBS Digibank App	0.56	178.75	-	-	-	-	-	-	0.56	178.75
23	Deutsche Bank App	0.55	60.39	-	-	0.00003	0.26	-	-	0.55	60.65
24	MI Pay	0.44	62.81	-	-	-	-	-	-	0.44	62.81
25	Jio Payments Bank App	0.41	27.91	-	-	-	-	-	-	0.41	27.91
26	Union Bank Apps	0.24	99.94	-	-	-	-	-	-	0.24	99.94
27	Federal Bank App	0.15	26.09	-	-	-	-	-	-	0.15	26.09
28	Punjab National Bank App	0.13	64.68	-	-	-	-	-	-	0.13	64.68
29	Cointab	0.13	43.70	-	-	-	-	-	-	0.13	43.70
30	RBL Bank App	0.12	48.58	-	-	-	-	-	-	0.12	48.58
31	Central Bank of India App	0.11	40.45	-	-	-	-	-	-	0.11	40.45
32	Citi Bank App	0.09	71.30	-	-	-	-	-	-	0.09	71.30
33	Allahabad Bank App	0.09	21.14	-	-	-	-	-	-	0.09	21.14
34	Canara Bank App	0.09	40.52	-	-	-	-	-	-	0.09	40.52
35	IDFC Bank App	0.08	41.87	-	-	-	-	-	-	0.08	41.87
36	Karnataka Bank App	0.07	15.35	-	-	-	-	-	-	0.07	15.35
37	HSBC Bank App	0.06	41.58	0.00	0.01	-	-	-	-	0.06	41.59
38	South Indian Bank App	0.06	22.77	-	-	-	-	-	-	0.06	22.77
39	UCO Bank App	0.05	14.12	-	-	-	-	-	-	0.05	14.12
40	Standard Chartered Bank App	0.05	27.86	-	-	-	-	-	-	0.05	27.86
41	Karur Vysya Bank App	0.03	13.14	-	-	-	-	-	-	0.03	13.14
42	AU Small Finance Bank App	0.02	12.28	-	-	-	-	-	-	0.02	12.28
43	Bank of Maharashtra App	0.02	6.37	-	-	-	-	-	-	0.02	6.37
44	IDBI Bank App	0.02	9.18	-	-	-	-	-	-	0.02	9.18
45	Indian Bank App	0.02	5.77	-	-	-	-	-	-	0.02	5.77
46	Andhra Bank App	0.02	13.32	-	-	-	-	-	-	0.02	13.32
47	Khalijeb	0.02	2.49	-	-	-	-	-	-	0.02	2.49
48	Dena Bank App	0.02	20.50	-	-	-	-	-	-	0.02	20.50
49	Bajaj Finserv	0.01	0.99	-	-	-	-	-	-	0.01	0.99
50	Fino Payments bank App	0.01	1.08	-	-	-	-	-	-	0.01	1.08
51	RealMe	0.01	1.86	-	-	-	-	-	-	0.01	1.86
52	MakeMy Trip	0.01	3.95	-	-	-	-	-	-	0.01	3.95
53	Punjab Sind Bank App	0.01	3.18	-	-	-	-	-	-	0.01	3.18
54	Truecaller	0.01	1.94	-	-	-	-	-	-	0.01	1.94
55	Janta Sahakari Bank App	0.01	5.02	-	-	-	-	-	-	0.01	5.02
56	Other Apps	0.03	10.76	-	-	-	-	-	-	0.03	10.76

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
Apps which has volume less than 10,000 is included under ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Jan-21	2,302.73	4,31,181.89	1,294.11	3,60,545.93	1,008.62	70,635.96

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (December'20)

UPI Remitter Banks - Top 30 Banks (December'20)
Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD %	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	641.62	84.83%	6.21%	8.96%	23.27	80.14%
2	HDFC BANK LTD	198.89	94.86%	4.59%	0.55%	2.31	95.95%
3	Axis Bank Ltd.	189.24	96.53%	3.15%	0.32%	1.33	77.68%
4	ICICI Bank	150.54	94.26%	4.90%	0.85%	1.77	76.34%
5	Paytm Payments Bank	147.56	91.57%	8.40%	0.03%	1.36	99.14%
6	Bank of Baroda	116.17	90.92%	7.97%	1.11%	1.54	91.52%
7	Punjab National Bank	107.95	88.78%	10.30%	0.92%	2.08	63.13%
8	Union Bank of India	80.60	81.37%	7.88%	10.75%	3.90	33.69%
9	Bank of India	78.57	91.40%	6.66%	1.94%	1.99	46.17%
10	Kotak Mahindra Bank	73.67	93.16%	6.29%	0.55%	0.81	97.27%
11	Canara Bank	70.49	88.32%	11.52%	0.16%	0.76	96.95%
12	Andhra Bank	62.89	93.37%	5.61%	1.01%	1.17	73.78%
13	Central Bank Of India	48.68	91.02%	8.38%	0.60%	0.81	87.90%
14	Indian Bank	46.22	85.90%	11.22%	2.87%	1.18	35.70%
15	IDBI Bank Limited	34.93	93.71%	5.95%	0.34%	0.49	94.35%
16	Syndicate Bank	33.58	91.65%	6.64%	1.71%	0.74	86.78%
17	Yes Bank Ltd	29.27	94.81%	4.64%	0.55%	0.18	77.38%
18	Bank of Maharashtra	28.88	90.86%	8.09%	1.05%	0.31	81.96%
19	Indian Overseas Bank	26.12	89.73%	8.60%	1.66%	0.49	91.33%
20	Karnataka Bank	24.69	87.79%	10.85%	1.36%	0.38	58.60%
21	Airtel Payments Bank	23.96	86.90%	12.73%	0.37%	0.26	95.38%
22	Federal Bank	23.79	92.80%	4.97%	2.23%	0.61	91.40%
23	UCO Bank	22.99	88.73%	10.42%	0.85%	0.37	75.61%
24	Allahabad Bank	18.76	83.52%	13.95%	2.54%	0.44	52.77%
25	INDUSIND BANK	18.08	93.66%	6.28%	0.06%	0.18	98.55%
26	Karur Vysya Bank	14.16	87.53%	10.67%	1.80%	0.28	74.03%
27	IDFC FIRST Bank	11.02	91.32%	8.49%	0.19%	0.11	89.13%
28	Citibank	10.43	93.84%	3.87%	2.30%	0.11	76.86%
29	DBS Bank India Limited	9.74	95.18%	4.74%	0.08%	0.08	91.51%
30	United Bank of India	9.47	82.92%	12.53%	4.55%	0.53	64.25%

UPI Top 30 Banks Performance (December'20)

UPI Beneficiary Banks - Top 30 Banks (December'20)
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	State Bank Of India	350.44	89.74%	0.60%	9.08%	0.58%
2	Paytm Payments Bank	338.64	99.16%	0.81%	0.03%	0.00%
3	Yes Bank Ltd	259.38	99.78%	0.12%	0.06%	0.04%
4	ICICI Bank	255.64	98.52%	0.51%	0.80%	0.16%
5	Axis Bank Ltd.	201.99	99.34%	0.38%	0.11%	0.17%
6	HDFC BANK LTD	133.06	97.77%	1.74%	0.40%	0.10%
7	Bank of Baroda	69.37	98.52%	0.79%	0.26%	0.43%
8	Punjab National Bank	60.92	97.78%	1.43%	0.72%	0.07%
9	Kotak Mahindra Bank	49.01	97.70%	1.93%	0.20%	0.17%
10	Bank of India	47.54	97.75%	0.95%	0.50%	0.80%
11	Union Bank of India	46.29	91.92%	1.66%	4.83%	1.59%
12	Canara Bank	46.14	98.57%	1.10%	0.19%	0.14%
13	Federal Bank	44.61	99.57%	0.15%	0.23%	0.05%
14	Andhra Bank	41.92	98.61%	0.55%	0.45%	0.39%
15	Central Bank Of India	29.16	98.40%	1.07%	0.10%	0.43%
16	Indian Bank	27.67	97.55%	0.56%	0.56%	1.33%
17	INDUSIND BANK	22.61	98.93%	0.78%	0.02%	0.26%
18	Syndicate Bank	22.24	96.88%	0.91%	2.08%	0.13%
19	IDBI Bank Limited	21.85	97.39%	2.38%	0.15%	0.09%
20	Airtel Payments Bank	21.68	97.36%	2.49%	0.10%	0.05%
21	Indian Overseas Bank	16.61	98.28%	0.96%	0.27%	0.49%
22	Bank of Maharashtra	16.38	98.70%	0.44%	0.67%	0.19%
23	Karnataka Bank	15.92	97.38%	1.48%	0.80%	0.34%
24	UCO Bank	14.48	97.31%	1.52%	0.89%	0.28%
25	Allahabad Bank	12.48	93.23%	1.96%	4.23%	0.58%
26	Karur Vysya Bank	10.57	97.44%	1.23%	0.99%	0.34%
27	IDFC FIRST Bank	7.51	97.70%	2.03%	0.20%	0.07%
28	CITI	7.20	99.90%	0.10%	0.00%	0.00%
29	South Indian Bank	6.67	97.73%	1.94%	0.24%	0.08%
30	United Bank of India	6.06	90.40%	7.51%	1.63%	0.45%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (December'20)

UPI Apps (December'20)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
1	PhonePe	902.03	182,126.88	-	-	902.03	182,126.88
2	Google Pay	854.49	176,199.33	-	-	854.49	176,199.33
3	Paytm Payments Bank App	256.36	31,291.83	4.73	7.95	261.09	31,299.78
4	Axis Bank Apps	5.39	553.68	86.77	90.82	92.15	644.50
5	Amazon Pay	40.53	3,508.93	-	-	40.53	3,508.93
6	BHIM	24.80	7,748.29	-	-	24.80	7,748.29
7	Yes Bank Apps	19.54	2,197.96	-	-	19.54	2,197.96
8	ICICI Bank Apps	8.58	2,846.03	4.34	133.50	12.92	2,979.53
9	State Bank of India Apps	3.88	2,215.86	-	-	3.88	2,215.86
10	Cred	3.61	3,793.32	-	-	3.61	3,793.32
11	Airtel Payments Bank Apps	3.44	361.00	-	-	3.44	361.00
12	Kotak Mahindra Bank Apps	1.89	350.18	-	-	1.89	350.18
13	Mobikwik	1.84	255.96	-	-	1.84	255.96
14	Samsung Pay	1.61	328.52	-	-	1.61	328.52
15	IndusInd Bank App	1.36	287.56	-	-	1.36	287.56
16	HDFC Bank Apps	1.35	260.60	-	-	1.35	260.60
17	Freecharge	1.00	59.90	-	-	1.00	59.90
18	India Post Payments Bank App	0.84	95.45	-	-	0.84	95.45
19	WhatsApp	0.81	29.72	-	-	0.81	29.72
20	Bank of Baroda Apps	0.62	247.80	-	-	0.62	247.80
21	Ultracash	0.60	108.06	-	-	0.60	108.06
22	DBS Digibank App	0.54	182.87	-	-	0.54	182.87
23	Deutsche Bank App	0.51	47.46	-	-	0.51	47.46
24	MI Pay	0.48	70.66	-	-	0.48	70.66
25	Jio Payments Bank App	0.45	26.97	-	-	0.45	26.97
26	Union Bank Apps	0.18	86.58	-	-	0.18	86.58
27	Cointab	0.14	43.56	-	-	0.14	43.56
28	MakeMy Trip	0.12	47.76	-	-	0.12	47.76
29	RBL Bank App	0.12	47.60	-	-	0.12	47.60
30	Federal Bank App	0.11	23.73	-	-	0.11	23.73
31	Truecaller	0.11	24.42	-	-	0.11	24.42
32	Punjab National Bank App	0.10	55.83	-	-	0.10	55.83
33	Central Bank of India App	0.10	38.51	-	-	0.10	38.51
34	Citi Bank App	0.09	63.23	-	-	0.09	63.23
35	Canara Bank App	0.08	40.22	-	-	0.08	40.22
36	Allahabad Bank App	0.07	17.94	-	-	0.07	17.94
37	IDFC Bank App	0.07	35.29	-	-	0.07	35.29
38	HSBC Bank App	0.05	41.09	0.00007	0.03	0.05	41.12
39	Karnataka Bank App	0.05	12.75	-	-	0.05	12.75
40	South Indian Bank App	0.05	19.81	-	-	0.05	19.81
41	Standard Chartered Bank App	0.04	25.07	-	-	0.04	25.07
42	UCO Bank App	0.03	11.43	-	-	0.03	11.43
43	Karur Vysya Bank App	0.03	13.66	-	-	0.03	13.66
44	Andhra Bank App	0.03	20.58	-	-	0.03	20.58
45	Bank of Maharashtra App	0.02	6.32	-	-	0.02	6.32
46	Khalijeb	0.02	3.39	-	-	0.02	3.39
47	IDBI Bank App	0.02	7.78	-	-	0.02	7.78
48	Dena Bank App	0.02	21.00	-	-	0.02	21.00
49	Indian Bank App	0.02	5.78	-	-	0.02	5.78
50	United Bank of India App	0.01	6.22	-	-	0.01	6.22
51	RealMe	0.01	1.97	-	-	0.01	1.97
52	AU Small Finance Bank App	0.01	5.91	-	-	0.01	5.91
53	Fino Payments bank App	0.01	1.05	-	-	0.01	1.05
54	Bajaj Finserv	0.01	0.92	-	-	0.01	0.92
55	Punjab Sind Bank App	0.01	2.92	-	-	0.01	2.92
56	Janta Sahakari Bank App	0.01	5.29	-	-	0.01	5.29
57	Other Apps	0.03	11.51	-	-	0.03	11.51

Note:-

App volume in table is basis the Payer App logic, i.e the financial transaction is been attributed to the PSP in UPI on the Payer’s side.
All B2C (Business to Customer) transactions is been included in respective PSP bank of the Application.
Apps whose volume is less than 10,000 is included in ‘Other Apps’.
BHIM Volume is inclusive of *99# volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Dec-20	2,234.16	4,16,176.21	1,283.71	3,48,006.06	950.45	68,170.15

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (November'20)

UPI Remitter Banks - Top 30 Banks (November'20)
Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD %	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	607.92	90.52%	6.35%	3.12%	11.95	91.70%
2	Axis Bank Ltd.	241.92	97.16%	2.27%	0.56%	1.75	44.60%
3	HDFC BANK LTD	179.40	93.46%	4.69%	1.85%	4.01	89.06%
4	Paytm Payments Bank	169.25	92.71%	7.22%	0.08%	1.23	95.01%
5	ICICI Bank	140.01	94.69%	5.10%	0.20%	1.08	88.16%
6	Bank of Baroda	101.93	91.97%	7.49%	0.54%	1.00	99.31%
7	Punjab National Bank	84.80	90.79%	7.20%	2.01%	1.96	46.09%
8	Bank of India	70.54	89.67%	7.03%	3.30%	2.02	37.24%
9	Kotak Mahindra Bank	66.39	93.55%	6.12%	0.34%	0.69	95.95%
10	Union Bank of India	63.99	88.51%	6.69%	4.80%	1.95	35.73%
11	Canara Bank	63.22	87.21%	12.04%	0.75%	0.75	92.14%
12	Andhra Bank	58.25	92.57%	5.21%	2.21%	1.24	49.40%
13	Central Bank Of India	44.74	90.87%	8.38%	0.75%	0.68	82.55%
14	Indian Bank	42.49	84.74%	11.28%	3.98%	1.37	22.89%
15	IDBI Bank Limited	31.84	94.16%	5.71%	0.13%	0.34	94.42%
16	Syndicate Bank	31.56	91.75%	6.88%	1.36%	0.51	86.03%
17	Yes Bank Ltd	27.62	96.81%	2.96%	0.24%	0.08	97.91%
18	Bank of Maharashtra	26.56	91.84%	8.06%	0.10%	0.20	96.60%
19	Airtel Payments Bank	26.03	88.47%	11.16%	0.38%	0.23	92.44%
20	Indian Overseas Bank	24.16	89.92%	8.86%	1.22%	0.32	93.64%
21	Karnataka Bank	22.93	86.80%	12.40%	0.80%	0.26	70.40%
22	UCO Bank	21.89	87.87%	11.80%	0.33%	0.23	86.56%
23	Federal Bank	21.63	94.30%	4.99%	0.70%	0.26	92.41%
24	Allahabad Bank	18.22	82.35%	15.79%	1.86%	0.31	55.58%
25	Oriental Bank of Commerce	17.34	90.40%	9.52%	0.08%	0.16	98.12%
26	INDUSIND BANK	16.37	93.39%	6.46%	0.15%	0.13	98.67%
27	Corporation Bank	14.34	68.35%	18.12%	13.53%	0.40	33.51%
28	Karur Vysya Bank	12.67	87.63%	11.27%	1.10%	0.19	75.32%
29	United Bank of India	10.61	88.86%	9.76%	1.38%	0.45	85.10%
30	Citibank	9.62	94.79%	3.83%	1.38%	0.08	97.47%

UPI Top 30 Banks Performance (November'20)

UPI Beneficiary Banks - Top 30 Banks (November'20)
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	State Bank Of India	363.23	95.91%	0.75%	3.06%	0.29%
2	Paytm Payments Bank	329.04	97.63%	2.29%	0.06%	0.02%
3	Yes Bank Ltd	255.73	99.76%	0.11%	0.10%	0.03%
4	ICICI Bank	249.17	99.22%	0.59%	0.12%	0.06%
5	Axis Bank Ltd.	198.14	99.12%	0.53%	0.20%	0.15%
6	HDFC BANK LTD	126.45	96.69%	1.45%	0.92%	0.94%
7	Bank of Baroda	66.75	98.53%	0.91%	0.32%	0.24%
8	Punjab National Bank	51.97	97.42%	1.08%	1.19%	0.31%
9	Bank of India	47.35	94.11%	1.21%	3.60%	1.08%
10	Kotak Mahindra Bank	46.78	97.06%	2.71%	0.01%	0.22%
11	Canara Bank	43.88	98.32%	1.08%	0.34%	0.26%
12	Union Bank of India	41.45	95.97%	1.24%	1.76%	1.03%
13	Andhra Bank	41.38	96.88%	0.30%	2.07%	0.74%
14	Federal Bank	34.14	99.66%	0.19%	0.13%	0.03%
15	Central Bank Of India	28.99	98.37%	1.06%	0.18%	0.39%
16	Indian Bank	26.92	96.76%	0.60%	0.81%	1.83%
17	Airtel Payments Bank	23.26	97.82%	2.01%	0.11%	0.07%
18	Syndicate Bank	21.90	97.81%	0.77%	1.32%	0.10%
19	IDBI Bank Limited	21.03	98.23%	1.54%	0.10%	0.13%
20	INDUSIND BANK	18.13	98.18%	1.54%	0.07%	0.22%
21	Bank of Maharashtra	16.35	99.43%	0.37%	0.07%	0.13%
22	Indian Overseas Bank	16.28	98.40%	1.11%	0.23%	0.27%
23	Karnataka Bank	15.43	97.90%	1.39%	0.52%	0.18%
24	UCO Bank	14.57	97.91%	1.48%	0.47%	0.13%
25	Allahabad Bank	12.49	95.32%	2.99%	1.27%	0.43%
26	Corporation Bank	11.98	62.98%	15.20%	20.72%	1.11%
27	Oriental Bank of Commerce	11.20	95.68%	3.51%	0.79%	0.02%
28	Karur Vysya Bank	9.91	98.15%	1.11%	0.39%	0.36%
29	United Bank of India	7.54	94.02%	5.16%	0.60%	0.22%
30	IDFC FIRST Bank	6.92	97.93%	1.75%	0.12%	0.19%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (November'20)

UPI Apps (November'20)
Sr.No.	Application Name	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	3.59	412.14
2	Allahabad Bank	0.03	9.36
3	AmazonPay	37.15	3,524.51
4	Andhra Bank	0.03	19.15
5	Axis Bank Apps	5.06	464.09
6	Bajaj Finserv	0.01	0.95
7	Bank of Baroda	0.55	219.23
8	Bank of Maharashtra	0.02	6.27
9	BHIM	23.56	7,472.20
10	Canara Bank	0.07	32.31
11	Central Bank of India	0.09	37.84
12	Citi Bank Apps	0.08	53.63
13	Cointab	0.15	43.88
14	CRED	3.21	3,331.80
15	DBS Digibank	0.51	174.87
16	Dena Bank	0.02	19.53
17	Deutsche Bank	0.63	53.80
18	Fedral Bank	0.10	176.75
19	Fino Payments Bank	0.01	0.90
20	Freecharge	0.95	54.84
21	Google Pay	960.02	1,61,418.19
22	HDFC Bank Apps	1.24	247.41
23	HSBC	0.04	37.73
24	ICICI Bank Apps	12.71	2,811.39
25	IDBI Bank Apps	0.02	7.32
26	IDFC Bank Apps	0.06	24.48
27	India Post Payments Bank	0.12	20.59
28	Indian Bank	0.01	4.87
29	IndusInd Bank	1.32	228.51
30	Janata Sahakari Bank	0.01	5.70
31	Jio Payments Bank	0.42	20.35
32	Karnataka Bank	0.04	11.45
33	Karur Vysya Bank	0.03	14.15
34	Khalijeb	0.01	1.48
35	Kotak Mahindra Bank Apps	1.86	325.26
36	MakeMy Trip	0.11	45.22
37	MI Pay	0.51	72.08
38	Mobikwik	1.53	201.44
39	Oriental Bank of Commerce	0.04	17.86
40	Paytm Payments Bank	260.09	28,986.93
41	PhonePe	868.40	1,75,453.85
42	Punjab National Bank	0.07	46.24
43	RBL Bank	0.11	42.46
44	RealMe	0.01	1.58
45	Samsung Pay	1.59	324.51
46	South Indian bank	0.05	19.66
47	Standard Chartered	0.04	20.86
48	State Bank of India Apps	3.94	2,233.21
49	TJSB Bank	0.01	4.14
50	Truecaller	0.12	26.40
51	UCO Bank	0.03	10.11
52	Ultracash	0.42	97.25
53	Union Bank of India	0.17	75.48
54	United Bank of India	0.02	7.95
55	WhatsApp	0.31	13.87
56	Yes Bank Apps	18.93	1,998.22
57	Other Apps	0.03	12.89

Note:-

Volume in the table represents Payer App volume.
Apps whose volume is less than 10,000 is included in ‘Other Apps’.
Consolidated volume of the Banks Apps is been shown in the table for the banks which has more than 1 App and for banks which does merchant acquiring.
BHIM Volume is inclusive of *99# Volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Nov-20	2,210.23	3,90,999.15	1,324.68	3,29,953.41	885.55	61,045.73

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (October'20)

UPI Remitter Banks - Top 30 Banks (October'20)
Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	599.24	89.15%	7.10%	3.74%	13.16	83.88%
2	Axis Bank Ltd.	184.44	96.64%	3.20%	0.16%	0.96	91.35%
3	HDFC BANK LTD	179.50	94.37%	4.83%	0.81%	2.52	90.81%
4	Paytm Payments Bank	138.93	91.66%	8.33%	0.02%	1.23	99.71%
5	ICICI Bank	133.83	93.90%	5.85%	0.26%	1.14	91.11%
6	Bank of Baroda	99.49	90.04%	8.68%	1.28%	1.38	94.27%
7	Punjab National Bank	85.59	90.22%	8.20%	1.58%	1.75	60.14%
8	Bank of India	72.41	88.82%	6.93%	4.25%	2.71	29.46%
9	Canara Bank	64.99	73.19%	17.02%	9.80%	2.30	60.12%
10	Kotak Mahindra Bank	63.31	91.12%	6.51%	2.36%	1.05	83.94%
11	Union Bank of India	60.35	88.51%	7.42%	4.06%	0.84	76.47%
12	Andhra Bank	57.46	91.86%	5.77%	2.37%	1.29	47.66%
13	Central Bank Of India	44.04	90.90%	8.51%	0.59%	0.64	86.96%
14	Indian Bank	41.54	84.23%	11.85%	3.92%	1.37	27.99%
15	IDBI Bank Limited	32.13	93.46%	6.26%	0.28%	0.37	95.86%
16	Syndicate Bank	30.81	91.82%	6.75%	1.43%	0.61	93.26%
17	Bank of Maharashtra	26.18	91.04%	8.76%	0.21%	0.22	94.09%
18	Yes Bank Ltd	26.09	96.16%	3.50%	0.34%	0.12	96.94%
19	Indian Overseas Bank	23.44	89.70%	9.55%	0.74%	0.38	93.54%
20	Karnataka Bank	23.12	86.15%	12.94%	0.92%	0.35	70.78%
21	UCO Bank	20.94	87.33%	12.09%	0.58%	0.28	78.25%
22	Airtel Payments Bank	20.94	86.47%	12.94%	0.59%	0.26	83.01%
23	Federal Bank	20.42	92.97%	5.59%	1.44%	0.36	89.57%
24	Corporation Bank	20.18	70.79%	14.37%	14.84%	0.58	30.74%
25	Oriental Bank of Commerce	18.46	90.59%	9.37%	0.04%	0.19	98.99%
26	Allahabad Bank	18.42	79.64%	18.91%	1.45%	0.34	46.29%
27	INDUSIND BANK	15.78	93.08%	6.62%	0.31%	0.15	98.99%
28	Karur Vysya Bank	12.48	84.75%	13.09%	2.15%	0.26	68.34%
29	Dena Bank	10.63	79.84%	16.66%	3.49%	0.33	96.39%
30	United Bank of India	9.90	86.09%	9.46%	4.46%	0.61	61.72%

UPI Top 30 Banks Performance (October'20)

UPI Beneficiary Banks - Top 30 Banks (October'20)
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	State Bank Of India	340.69	96.61%	0.59%	2.80%	0.30%
2	Paytm Payments Bank	297.27	98.70%	1.25%	0.04%	0.00%
3	Yes Bank Ltd	267.10	99.72%	0.10%	0.18%	0.01%
4	ICICI Bank	216.88	99.26%	0.55%	0.19%	0.19%
5	Axis Bank Ltd.	175.26	99.60%	0.38%	0.02%	0.07%
6	HDFC BANK LTD	129.80	98.31%	1.46%	0.23%	0.26%
7	Bank of Baroda	61.29	97.85%	1.22%	0.93%	0.03%
8	Punjab National Bank	49.25	97.15%	1.16%	1.68%	0.11%
9	Kotak Mahindra Bank	46.57	97.95%	1.43%	0.62%	0.57%
10	Bank of India	43.93	97.74%	1.34%	0.92%	1.01%
11	Canara Bank	40.04	91.23%	4.80%	3.97%	1.93%
12	Andhra Bank	39.37	98.94%	0.38%	0.68%	0.70%
13	Union Bank of India	37.04	95.71%	1.38%	2.91%	0.17%
14	Central Bank Of India	27.00	98.73%	1.19%	0.09%	0.32%
15	Federal Bank	25.06	99.23%	0.29%	0.48%	0.03%
16	Indian Bank	25.05	98.79%	0.53%	0.68%	1.70%
17	Syndicate Bank	20.97	97.60%	1.08%	1.32%	0.05%
18	IDBI Bank Limited	20.29	98.01%	1.82%	0.17%	0.07%
19	Airtel Payments Bank	18.92	98.66%	1.16%	0.19%	0.19%
20	INDUSIND BANK	18.28	98.90%	1.08%	0.02%	0.07%
21	Karnataka Bank	15.40	97.80%	1.38%	0.82%	0.23%
22	Indian Overseas Bank	15.09	98.65%	1.12%	0.23%	0.29%
23	Bank of Maharashtra	15.07	99.46%	0.44%	0.11%	0.13%
24	Corporation Bank	13.23	80.22%	4.19%	15.58%	0.95%
25	UCO Bank	13.04	97.89%	1.68%	0.43%	0.18%
26	Allahabad Bank	12.30	87.89%	1.78%	10.32%	0.27%
27	Oriental Bank of Commerce	11.06	99.11%	0.87%	0.02%	0.01%
28	Karur Vysya Bank	9.37	97.45%	1.63%	0.92%	0.34%
29	IDFC FIRST Bank	6.55	98.79%	1.14%	0.07%	0.16%
30	United Bank of India	6.55	93.26%	5.57%	1.17%	0.31%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (October'20)

UPI Apps (October'20)
Sr.No.	Application Name	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	4.21	409.22
2	Allahabad Bank	0.07	21.19
3	AmazonPay	46.59	3,854.49
4	Andhra Bank One	0.03	20.34
5	Axis Bank Apps	4.61	532.78
6	Bajaj Finserv	0.01	0.98
7	Bank of Baroda	0.55	218.62
8	Bank of Maharashtra	0.02	6.48
9	BHIM	24.54	7,882.76
10	Canara Bank	0.06	30.18
11	Central Bank of India	0.10	39.79
12	Citi Bank Apps	0.07	55.79
13	Cointab	0.15	45.06
14	Corporation Bank	0.01	3.14
15	Cred	2.84	2,706.34
16	DBS Digibank	0.52	186.55
17	Dena Bank	0.02	20.42
18	Deutsche Bank	0.55	38.45
19	Federal Bank	0.08	222.95
20	Fino Payments Bank	0.01	0.93
21	Freecharge	1.00	58.89
22	Google Pay	857.81	1,65,654.71
23	HDFC Bank Apps	1.42	278.76
24	HSBC	0.04	44.92
25	ICICI Bank Apps	11.06	2,541.25
26	IDBI Bank Apps	0.01	6.23
27	IDFC Bank Apps	0.05	22.20
28	India Post Payments Bank	0.04	9.15
29	Indian Bank	0.01	4.74
30	IndusInd Bank	1.10	163.35
31	Janata Sahakari Bank	0.01	5.97
32	Jio Payments Bank	0.35	15.34
33	Karnataka Bank	0.03	10.56
34	Karur Vysya Bank	0.03	14.21
35	Khalijeb	0.01	1.23
36	Kotak Mahindra Bank Apps	1.78	311.81
37	MakeMy Trip	0.10	42.60
38	MI Pay	0.52	75.04
39	Mobikwik	1.66	247.23
40	Oriental Bank of Commerce	0.04	19.76
41	Paytm Payments Bank	244.94	27,489.33
42	PhonePe	839.88	1,68,085.06
43	Punjab National Bank	0.08	50.07
44	RBL Bank	0.09	39.01
45	RealMe	0.01	1.29
46	Samsung Pay	1.54	328.80
47	South Indian Bank	0.05	20.50
48	Standard Chartered	0.03	20.35
49	State Bank of India Apps	4.24	2,365.73
50	TJSB Bank	0.01	4.19
51	Truecaller	0.14	29.99
52	UCO Bank	0.03	14.81
53	Ultracash	0.41	95.02
54	Union Bank of India	0.17	78.92
55	United Bank of India	0.02	9.60
56	WhatsApp Pay	0.07	9.32
57	Yes Bank Apps	17.77	1,630.05
58	Other Apps	0.03	10.31

Note:-

Volume in the table represents Payer App volume.
Apps whose volume is less than 10,000 is included in ‘Other Apps’.
Consolidated volume of the Banks Apps is been shown in the table for the banks which has more than 1 App and for banks which does merchant acquiring.
BHIM Volume is inclusive of *99# Volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Oct-20	2,071.62	3,86,106.74	1,227.17	3,30,684.11	844.45	55,422.63

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (September'20)

UPI Remitter Banks - Top 30 Banks (September'20)
Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	510.21	87.59%	7.10%	5.31%	8.04	78.49%
2	Axis Bank Ltd.	157.86	95.22%	3.20%	1.58%	1.72	35.52%
3	HDFC BANK LTD	154.17	93.96%	5.18%	0.87%	1.96	88.64%
4	Paytm Payments Bank	132.54	91.66%	8.05%	0.29%	1.14	98.28%
5	ICICI Bank	115.58	94.21%	5.10%	0.70%	0.89	81.95%
6	Bank of Baroda	83.91	89.11%	9.37%	1.52%	1.32	88.26%
7	Punjab National Bank	77.22	90.66%	7.14%	2.20%	1.88	41.98%
8	Bank of India	64.83	90.42%	6.49%	3.09%	1.85	33.36%
9	Canara Bank	58.48	77.53%	16.54%	5.93%	1.62	45.26%
10	Kotak Mahindra Bank	54.76	91.57%	6.84%	1.59%	1.01	83.96%
11	Union Bank of India	51.80	89.43%	7.51%	3.05%	0.60	90.26%
12	Andhra Bank	50.98	92.79%	6.32%	0.88%	0.65	71.48%
13	Central Bank Of India	39.02	90.41%	8.33%	1.26%	0.70	68.25%
14	Indian Bank	36.10	84.64%	11.73%	3.63%	1.18	21.44%
15	IDBI Bank Limited	28.16	92.10%	6.11%	1.79%	0.45	69.89%
16	Syndicate Bank	26.67	91.51%	7.80%	0.69%	0.37	94.94%
17	Bank of Maharashtra	22.41	91.03%	8.88%	0.09%	0.16	96.83%
18	Airtel Payments Bank	22.22	88.27%	11.35%	0.38%	0.21	88.29%
19	Indian Overseas Bank	20.51	89.10%	9.84%	1.06%	0.36	80.06%
20	Yes Bank Ltd	20.33	96.22%	3.55%	0.23%	0.09	96.83%
21	Karnataka Bank	20.01	85.06%	13.66%	1.28%	0.26	58.94%
22	Corporation Bank	19.58	83.61%	11.64%	4.75%	0.32	52.62%
23	UCO Bank	18.88	84.63%	13.57%	1.80%	0.27	65.16%
24	Federal Bank	17.62	92.66%	5.41%	1.93%	0.41	98.70%
25	Oriental Bank of Commerce	16.69	90.76%	9.20%	0.04%	0.15	99.16%
26	Allahabad Bank	16.11	79.35%	17.59%	3.06%	0.35	44.87%
27	INDUSIND BANK	12.45	91.46%	7.09%	1.45%	0.15	71.82%
28	Karur Vysya Bank	11.14	83.19%	13.81%	3.00%	0.26	69.75%
29	Dena Bank	9.69	83.69%	12.53%	3.77%	0.31	65.04%
30	United Bank of India	9.28	79.87%	7.70%	12.44%	0.97	37.71%

UPI Top 30 Banks Performance (September'20)

UPI Beneficiary Banks - Top 30 Banks (September'20)
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	State Bank Of India	292.22	95.12%	0.58%	4.12%	0.19%
2	Paytm Payments Bank	254.71	98.66%	1.12%	0.21%	0.02%
3	Yes Bank Ltd	222.98	99.72%	0.14%	0.13%	0.02%
4	ICICI Bank	206.99	98.91%	0.61%	0.42%	0.06%
5	Axis Bank Ltd.	149.29	98.48%	0.41%	0.37%	0.74%
6	HDFC BANK LTD	110.76	97.54%	1.75%	0.38%	0.32%
7	Bank of Baroda	51.58	97.69%	1.48%	0.37%	0.46%
8	Punjab National Bank	44.65	98.01%	1.28%	0.62%	0.09%
9	Bank of India	40.30	96.96%	1.47%	0.74%	0.83%
10	Kotak Mahindra Bank	37.08	97.16%	1.89%	0.16%	0.79%
11	Canara Bank	36.57	95.75%	1.35%	1.80%	1.10%
12	Andhra Bank	35.32	98.87%	0.42%	0.42%	0.29%
13	Union Bank of India	32.34	96.88%	0.76%	2.17%	0.19%
14	Central Bank Of India	23.89	98.11%	1.17%	0.18%	0.55%
15	Airtel Payments Bank	22.34	98.41%	1.27%	0.20%	0.12%
16	Indian Bank	21.98	97.40%	0.44%	0.30%	1.86%
17	Syndicate Bank	18.16	98.06%	1.19%	0.72%	0.04%
18	IDBI Bank Limited	17.58	97.32%	1.50%	0.78%	0.40%
19	Federal Bank	16.75	99.37%	0.40%	0.20%	0.02%
20	Bank of Maharashtra	13.19	99.28%	0.48%	0.05%	0.19%
21	Karnataka Bank	13.26	97.93%	1.30%	0.55%	0.21%
22	Indian Overseas Bank	13.17	98.41%	1.25%	0.17%	0.17%
23	Corporation Bank	13.01	91.92%	1.03%	6.64%	0.42%
24	UCO Bank	11.96	93.75%	3.28%	2.56%	0.40%
25	INDUSIND BANK	10.72	97.24%	1.67%	0.98%	0.11%
26	Oriental Bank of Commerce	10.08	99.19%	0.66%	0.13%	0.02%
27	Allahabad Bank	10.17	95.14%	2.10%	2.02%	0.73%
28	Karur Vysya Bank	8.20	96.81%	1.69%	0.86%	0.64%
29	IDFC FIRST Bank	5.70	99.16%	0.56%	0.13%	0.15%
30	Dena Bank	5.64	95.46%	2.49%	1.42%	0.63%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (September'20)

UPI Apps (September'20)
Sr.No.	Application Name	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	4.84	474.72
2	Allahabad Bank	0.09	24.90
3	AmazonPay	81.70	3,612.83
4	Andhra Bank One	0.03	19.80
5	Axis Bank Apps	4.31	526.70
6	Bajaj Finserv	0.01	0.94
7	Bank of Baroda	0.52	211.82
8	Bank of Maharashtra	0.02	6.50
9	BHIM	21.42	7,229.36
10	Canara Bank	0.06	26.97
11	Central Bank of India	0.09	36.48
12	Citi Bank Apps	0.08	59.29
13	Cointab	0.14	43.46
14	Corporation Bank	0.01	3.69
15	Cred	1.87	1,755.35
16	DBS Digibank	0.46	158.58
17	Dena Bank	0.01	19.25
18	Deutsche Bank	0.48	35.83
19	Federal Bank	0.05	36.65
20	Fino Payments Bank	0.01	0.70
21	Freecharge	0.99	54.06
22	Google Pay	751.61	1,46,414.83
23	HDFC Bank Apps	1.21	278.71
24	HSBC	0.04	41.26
25	ICICI Bank Apps	9.77	2,190.47
26	IDBI Bank Apps	0.01	5.60
27	IDFC Bank Apps	0.04	20.22
28	India Post Payments Bank	0.02	3.90
29	Indian Bank	0.01	3.85
30	IndusInd Bank	0.24	53.45
31	Janata Sahakari Bank	0.01	4.76
32	Jio Payments Bank	0.31	17.32
33	Karnataka Bank	0.02	9.65
34	Karur Vysya Bank	0.03	14.34
35	Khalijeb	0.01	1.40
36	Kotak Mahindra Bank Apps	1.57	282.13
37	MakeMy Trip	0.06	27.04
38	MI Pay	0.45	68.97
39	Mobikwik	1.50	167.78
40	Oriental Bank of Commerce	0.04	19.94
41	Paytm Payments Bank	208.33	23,353.91
42	PhonePe	688.32	1,37,819.43
43	Punjab National Bank	0.07	43.92
44	Punjab Sind Bank	0.01	3.04
45	RBL Bank	0.06	34.26
46	RealMe	0.01	1.15
47	Samsung Pay	1.33	293.62
48	South Indian Bank	0.04	19.94
49	Standard Chartered	0.03	16.31
50	State Bank of India Apps	3.90	2,145.86
51	TJSB Bank	0.01	4.43
52	Truecaller	0.13	28.12
53	UCO Bank	0.03	13.86
54	Ultracash	0.31	77.22
55	Union Bank of India	0.14	71.05
56	United Bank of India	0.02	9.01
57	Vijaya Bank	0.01	3.47
58	WhatsApp Pay	0.06	7.56
59	Yes Bank Apps	13.21	1,109.00
60	Other Apps	0.02	9.04

Note:-

Volume in the table represents Payer App volume.
Apps whose volume is less than 10,000 is included in ‘Other Apps’.
Consolidated volume of the Banks Apps is been shown in the table for the banks which has more than 1 App and for banks which does merchant acquiring.
BHIM Volume is inclusive of *99# Volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Sep-20	1,800.14	3,29,027.66	1,092.32	2,82,401.74	707.82	46,625.93

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (August'20)

Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	447.03	87.93%	8.26%	3.81%	13.73	83.53%
2	Axis Bank Ltd.	143.37	96.12%	3.24%	0.64%	1.91	69.01%
3	HDFC BANK LTD	141.51	94.90%	4.85%	0.25%	2.77	97.91%
4	Paytm Payments Bank	111.45	91.93%	8.04%	0.04%	1.61	97.72%
5	ICICI Bank	107.44	94.70%	5.26%	0.04%	1.51	96.57%
6	Punjab National Bank	70.38	90.49%	8.46%	1.04%	2.18	77.74%
7	Bank of Baroda	70.05	88.81%	8.72%	2.47%	2.48	61.53%
8	Bank of India	58.45	92.71%	6.65%	0.64%	1.57	76.98%
9	Canara Bank	52.21	79.19%	15.66%	5.15%	2.81	46.13%
10	Kotak Mahindra Bank	47.48	91.62%	6.75%	1.64%	1.09	85.68%
11	Union Bank of India	46.46	90.36%	7.30%	2.34%	1.27	85.78%
12	Andhra Bank	46.10	93.38%	6.08%	0.53%	1.29	87.33%
13	Central Bank Of India	35.27	90.70%	8.32%	0.99%	1.06	79.79%
14	Indian Bank	33.17	85.91%	11.64%	2.45%	1.16	46.87%
15	IDBI Bank Limited	25.65	93.24%	6.24%	0.52%	0.59	94.96%
16	Syndicate Bank	24.14	89.48%	9.13%	1.38%	0.67	95.36%
17	Bank of Maharashtra	19.96	90.85%	8.91%	0.24%	0.33	96.52%
18	Indian Overseas Bank	18.84	89.64%	9.95%	0.42%	0.42	94.47%
19	Corporation Bank	18.35	80.61%	13.61%	5.78%	0.59	57.55%
20	Airtel Payments Bank	18.17	87.45%	12.03%	0.52%	0.31	92.84%
21	Karnataka Bank	17.58	87.15%	12.00%	0.85%	0.49	74.06%
22	UCO Bank	17.45	86.43%	13.01%	0.56%	0.42	84.65%
23	Federal Bank	16.04	94.24%	5.16%	0.61%	0.30	99.90%
24	Yes Bank Ltd	15.89	95.79%	4.00%	0.21%	0.13	91.70%
25	Oriental Bank of Commerce	15.46	89.64%	10.20%	0.16%	0.30	95.85%
26	Allahabad Bank	14.79	79.65%	15.65%	4.69%	0.62	43.53%
27	Vijaya Bank	13.42	75.03%	11.89%	#####	0.46	82.84%
28	INDUSIND BANK	11.49	90.56%	8.03%	1.40%	0.27	74.89%
29	Karur Vysya Bank	9.99	86.62%	11.28%	2.10%	0.40	68.36%
30	Dena Bank	8.88	84.54%	14.39%	1.07%	0.25	96.41%

UPI Top 30 Banks Performance (August'20)

Sr. No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Deemed Approved %
1	State Bank Of India	247.82	97.86%	0.66%	1.06%	0.42%
2	Paytm Payments Bank	216.18	98.99%	1.00%	0.00%	0.01%
3	ICICI Bank	206.65	99.28%	0.69%	0.03%	0.00%
4	Yes Bank Ltd	199.87	99.88%	0.11%	0.00%	0.01%
5	Axis Bank Ltd.	131.96	99.16%	0.49%	0.00%	0.35%
6	HDFC BANK LTD	101.59	97.71%	2.21%	0.02%	0.07%
7	Bank of Baroda	42.39	97.37%	1.40%	0.27%	0.96%
8	Punjab National Bank	41.06	97.14%	1.70%	1.03%	0.13%
9	Bank of India	37.10	97.68%	1.80%	0.07%	0.44%
10	Canara Bank	33.05	95.42%	1.52%	1.57%	1.49%
11	Andhra Bank	32.15	98.53%	0.47%	0.74%	0.26%
12	Kotak Mahindra Bank	30.31	96.14%	2.46%	0.84%	0.57%
13	Union Bank of India	28.94	97.75%	0.89%	1.00%	0.37%
14	Central Bank Of India	21.71	97.88%	1.28%	0.33%	0.51%
15	Indian Bank	20.62	97.87%	0.52%	0.13%	1.48%
16	Syndicate Bank	16.35	97.60%	1.31%	1.02%	0.07%
17	Airtel Payments Bank	16.24	97.96%	1.61%	0.35%	0.08%
18	IDBI Bank Limited	16.20	97.58%	2.22%	0.09%	0.11%
19	Federal Bank	12.20	99.28%	0.56%	0.16%	0.00%
20	Karnataka Bank	12.11	97.76%	1.78%	0.26%	0.20%
21	Indian Overseas Bank	12.05	98.31%	1.40%	0.17%	0.12%
22	Bank of Maharashtra	11.90	99.22%	0.48%	0.12%	0.17%
23	Corporation Bank	11.63	92.87%	1.05%	5.45%	0.63%
24	UCO Bank	10.97	95.62%	3.55%	0.59%	0.23%
25	Vijaya Bank	10.03	74.99%	1.29%	23.45%	0.27%
26	Oriental Bank of Commerce	9.31	99.22%	0.63%	0.11%	0.04%
27	Allahabad Bank	9.18	95.41%	1.84%	1.81%	0.94%
28	INDUSIND BANK	9.10	97.26%	2.34%	0.24%	0.17%
29	Karur Vysya Bank	7.61	97.41%	2.00%	0.05%	0.54%
30	United Bank of India	5.43	92.39%	5.07%	1.45%	1.09%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (August'20)

UPI Apps (August'20)
Sr.No.	Application Name	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	3.18	488.59
2	Allahabad Bank	0.08	24.13
3	AmazonPay	95.95	3,677.07
4	Andhra Bank	0.03	21.30
5	Axis Bank Apps	4.17	476.25
6	Bajaj Finserv	0.01	1.04
7	Bank of Baroda	0.43	182.06
8	Bank of Maharashtra	0.02	5.97
9	BHIM	20.46	6,924.67
10	Canara Bank	0.05	22.72
11	Central Bank of India	0.08	33.25
12	Citi Bank Apps	0.09	60.20
13	Cointab	0.15	42.27
14	Corporation Bank	0.01	3.74
15	Cred	1.63	1,452.41
16	DBS Digibank	0.43	161.80
17	Dena Bank	0.01	18.32
18	Deustche Bank	0.36	26.49
19	Fedral Bank	0.06	15.10
20	Fino Payments Bank	0.01	0.57
21	Freecharge	1.05	52.46
22	Google Pay	697.72	1,35,530.17
23	HDFC Bank Apps	1.17	289.86
24	HSBC	0.04	40.90
25	ICICI Bank Apps	9.44	2,081.00
26	IDBI Bank Apps	0.01	5.12
27	IDFC Bank Apps	0.03	15.29
28	India Post Payments Bank	0.01	3.40
29	Indian Bank	0.01	3.32
30	IndusInd Bank	0.39	47.69
31	Janata Sahakari Bank	0.01	4.93
32	Jio Payments Bank	0.27	16.24
33	Karnataka Bank	0.02	8.37
34	Karur Vysya Bank	0.03	14.04
35	Khalijeb	0.01	0.81
36	Kotak Mahindra Bank Apps	1.35	252.85
37	MakeMy Trip	0.03	14.79
38	MI Pay	0.50	72.39
39	Mobikwik	1.61	169.67
40	Oriental Bank of Commerce	0.04	19.39
41	Paytm Payment Bank	170.24	20,817.32
42	PhonePe	592.13	1,21,640.85
43	Punjab National Bank	0.08	46.08
44	Punjab Sind Bank	0.01	3.96
45	RBL Bank	0.05	31.55
46	RealMe	0.01	1.06
47	Samsung Pay	1.25	275.07
48	South Indian Bank	0.04	20.43
49	Standard Chartered	0.02	14.76
50	State Bank of India Apps	3.83	2,059.41
51	TJSB Bank	0.01	4.44
52	Truecaller	0.15	30.77
53	UCO Bank	0.02	8.81
54	Ultracash	0.23	64.05
55	Union Bank of India	0.13	64.81
56	United Bank of India	0.02	9.38
57	Vijya Bank	0.01	8.59
58	WhatsApp Pay	0.07	8.76
59	Yes Bank Apps	9.62	907.63
60	Other Apps	0.02	9.22

Note:-

Volume in the table represents Payer App volume.
Apps whose volume is less than 10,000 is included in ‘Other Apps’.
Consolidated volume of the Banks Apps is been shown in the table for the banks which has more than 1 App and for banks which does merchant acquiring.
BHIM Volume is inclusive of *99# Volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Aug-20	1,618.83	2,98,307.61	992.55	2,56,433.43	626.28	41,874.18

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (July'20)

Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	439.34	92.27%	6.90%	0.83%	6.57	96.16%
2	HDFC BANK LTD	125.56	94.76%	4.80%	0.44%	1.82	93.17%
3	Axis Bank Ltd.	123.62	96.33%	3.28%	0.40%	0.94	71.65%
4	Paytm Payments Bank	97.69	92.38%	7.60%	0.02%	0.96	93.24%
5	ICICI Bank	95.87	94.38%	5.30%	0.32%	1.07	89.12%
6	Punjab National Bank	63.91	92.12%	7.58%	0.30%	1.07	82.07%
7	Bank of Baroda	61.78	89.63%	8.35%	2.02%	0.95	91.52%
8	Bank of India	52.24	91.04%	6.92%	2.04%	1.74	40.02%
9	Canara Bank	48.75	80.28%	16.99%	2.73%	1.41	61.15%
10	Andhra Bank	42.97	93.18%	6.07%	0.75%	0.80	72.68%
11	Union Bank of India	41.64	89.76%	7.09%	3.15%	0.59	86.18%
12	Kotak Mahindra Bank	41.49	90.64%	6.57%	2.80%	1.19	64.78%
13	Central Bank Of India	31.54	91.09%	8.46%	0.45%	0.55	88.54%
14	Indian Bank	29.54	86.40%	11.28%	2.32%	0.82	11.36%
15	IDBI Bank Limited	23.09	93.34%	6.37%	0.28%	0.33	94.38%
16	Syndicate Bank	20.90	91.85%	7.07%	1.08%	0.44	69.14%
17	Bank of Maharashtra	17.64	90.02%	9.61%	0.37%	0.19	91.37%
18	Indian Overseas Bank	16.83	88.91%	10.18%	0.91%	0.35	83.97%
19	Corporation Bank	16.53	85.83%	12.28%	1.89%	0.36	49.40%
20	UCO Bank	15.49	86.44%	13.12%	0.43%	0.24	79.40%
21	Airtel Payments Bank	15.30	87.99%	11.56%	0.45%	0.19	89.32%
22	Karnataka Bank	15.13	85.98%	10.80%	3.22%	0.42	31.30%
23	Oriental Bank of Commerce	14.21	90.08%	9.88%	0.04%	0.17	98.13%
24	Vijaya Bank	14.14	84.40%	13.92%	1.68%	0.30	90.48%
25	Federal Bank	14.02	94.49%	5.23%	0.28%	0.15	97.70%
26	Allahabad Bank	13.36	80.80%	15.73%	3.48%	0.54	27.76%
27	Yes Bank Ltd	13.24	94.52%	4.24%	1.25%	0.22	31.76%
28	INDUSIND BANK	10.14	92.54%	6.72%	0.74%	0.16	72.22%
29	Karur Vysya Bank	8.92	87.21%	9.90%	2.89%	0.35	55.86%
30	Dena Bank	7.95	85.00%	14.02%	0.98%	0.17	96.65%

UPI Top 30 Banks Performance (July'20)

Sr. No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Deemed Approved %
1	State Bank Of India	248.68	98.40%	0.67%	0.72%	0.20%
2	ICICI Bank	197.30	98.91%	0.77%	0.21%	0.11%
3	Paytm Payments Bank	196.74	98.94%	1.04%	0.01%	0.01%
4	Yes Bank Ltd	189.76	99.65%	0.15%	0.01%	0.19%
5	Axis Bank Ltd.	105.29	97.41%	0.57%	0.00%	2.02%
6	HDFC BANK LTD	96.73	97.17%	2.56%	0.03%	0.25%
7	Bank of Baroda	38.15	97.20%	1.59%	0.67%	0.55%
8	Punjab National Bank	37.34	98.27%	1.47%	0.19%	0.06%
9	Bank of India	32.41	96.77%	2.01%	0.26%	0.97%
10	Canara Bank	31.11	96.58%	1.81%	0.52%	1.09%
11	Andhra Bank	29.96	98.81%	0.50%	0.23%	0.46%
12	Kotak Mahindra Bank	26.95	95.25%	2.71%	0.95%	1.08%
13	Union Bank of India	25.71	97.28%	0.79%	1.83%	0.11%
14	Central Bank Of India	19.49	98.12%	1.35%	0.24%	0.29%
15	Indian Bank	18.36	97.78%	0.57%	0.16%	1.50%
16	IDBI Bank Limited	14.79	95.79%	3.94%	0.09%	0.17%
17	Syndicate Bank	14.42	97.27%	1.30%	1.12%	0.31%
18	Airtel Payments Bank	14.22	97.87%	1.87%	0.15%	0.11%
19	Indian Overseas Bank	10.68	96.97%	1.51%	0.25%	1.28%
20	Corporation Bank	10.55	96.45%	1.27%	1.83%	0.46%
21	Bank of Maharashtra	10.47	99.07%	0.53%	0.23%	0.16%
22	Karnataka Bank	10.46	94.57%	2.12%	2.28%	1.02%
23	Federal Bank	10.30	99.30%	0.63%	0.05%	0.02%
24	UCO Bank	9.78	95.14%	3.99%	0.66%	0.21%
25	Vijaya Bank	9.51	93.29%	0.98%	5.50%	0.23%
26	Oriental Bank of Commerce	8.63	98.78%	0.69%	0.50%	0.03%
27	Allahabad Bank	8.46	93.95%	1.98%	2.80%	1.28%
28	INDUSIND BANK	8.26	97.15%	2.42%	0.25%	0.18%
29	Karur Vysya Bank	6.80	96.88%	1.63%	0.65%	0.84%
30	CITI	5.20	99.88%	0.12%	0.00%	0.00%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (July'20)

UPI Apps (July'20)
Sr.No.	Application Name	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	3.16	439.87
2	Allahabad Bank	0.08	24.50
3	AmazonPay	76.69	3,087.52
4	Andhra Bank	0.03	21.92
5	Axis Bank Apps	3.81	425.85
6	Bajaj Finserv	0.01	0.87
7	Bank of Baroda	0.37	180.55
8	Bank of Maharashtra	0.02	6.30
9	BHIM	19.86	7,244.62
10	Canara Bank	0.07	29.75
11	Central Bank of India	0.07	31.47
12	Citi Bank Apps	0.07	59.19
13	Cointab	0.15	46.55
14	Corporation Bank	0.01	3.60
15	Cred	1.29	1,115.52
16	DBS Digibank	0.40	155.38
17	Dena Bank	0.01	18.30
18	Deustche Bank	0.22	16.01
19	Fedral Bank	0.05	14.13
20	Freecharge	0.93	47.24
21	Google Pay	640.95	1,30,449.41
22	HDFC Bank Apps	1.47	339.47
23	HSBC	0.04	39.65
24	ICICI Bank Apps	8.93	2,009.06
25	IDBI Bank Apps	0.01	4.18
26	IDFC Bank Apps	0.02	12.21
27	India Post Payments Bank	0.01	2.92
28	Indian Bank	0.01	2.78
29	IndusInd Bank	0.37	52.38
30	Janata Sahakari Bank	0.01	4.87
31	Jio Payments Bank	0.23	11.00
32	Karnataka Bank	0.02	7.98
33	Karur Vysya Bank	0.03	13.91
34	Kotak Mahindra Bank Apps	1.13	228.15
35	MakeMy Trip	0.03	12.69
36	MI Pay	0.50	72.66
37	Mobikwik	1.65	172.08
38	Oriental Bank of Commerce	0.04	19.90
39	Paytm Payment Bank	158.25	20,173.38
40	PhonePe	562.94	1,20,519.13
41	Punjab National Bank	0.11	55.42
42	Punjab Sind Bank	0.01	4.33
43	RBL Bank	0.05	29.92
44	RealMe	0.01	0.71
45	Samsung Pay	1.15	280.49
46	South Indian Bank	0.04	19.21
47	Standard Chartered	0.02	12.22
48	State Bank of India Apps	3.61	2,104.71
49	TJSB Bank	0.01	4.47
50	Truecaller	0.17	36.40
51	UCO Bank	0.02	7.98
52	Ultracash	0.23	67.79
53	Union Bank of India	0.12	63.06
54	United Bank of India	0.02	10.59
55	Vijya Bank	0.02	9.52
56	WhatsApp Pay	0.06	8.32
57	Yes Bank Apps	7.79	697.46
58	Other Apps	0.03	8.31

Note:-

Volume in the table represents Payer App volume.
Apps whose volume is less than 10,000 is included in ‘Other Apps’.
Consolidated volume of the Banks Apps is been shown in the table for the banks which has more than 1 App and for banks which does merchant acquiring.
BHIM Volume is inclusive of *99# Volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Jul-20	1,497.36	2,90,537.86	919.21	2,51,145.19	578.15	39,392.67

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (June'20)

Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	390.60	91.41%	6.58%	2.01%	7.19	97.32%
2	Axis Bank Ltd.	119.30	96.77%	3.05%	0.19%	0.51	90.63%
3	HDFC BANK LTD	113.32	94.79%	5.09%	0.12%	0.96	96.35%
4	ICICI Bank	86.65	94.58%	5.25%	0.17%	0.63	79.05%
5	Paytm Payments Bank	84.36	92.06%	7.93%	0.01%	0.56	90.29%
6	Punjab National Bank	56.52	91.91%	7.93%	0.16%	0.65	87.88%
7	Bank of Baroda	53.61	90.69%	8.72%	0.59%	0.59	94.70%
8	Bank of India	45.81	93.18%	6.48%	0.35%	0.58	76.99%
9	Canara Bank	40.62	88.93%	10.84%	0.23%	0.40	91.99%
10	Andhra Bank	38.12	94.01%	5.76%	0.23%	0.37	92.05%
11	Kotak Mahindra Bank	37.05	92.58%	6.71%	0.71%	0.30	96.81%
12	Union Bank of India	36.66	90.56%	7.78%	1.67%	0.35	88.15%
13	Central Bank Of India	28.25	90.32%	9.14%	0.54%	0.42	88.48%
14	Indian Bank	25.72	86.48%	11.51%	2.01%	0.58	30.94%
15	IDBI Bank Limited	20.39	93.20%	6.46%	0.33%	0.22	92.01%
16	Syndicate Bank	18.28	91.75%	6.94%	1.31%	0.33	60.68%
17	Bank of Maharashtra	15.61	90.52%	9.46%	0.02%	0.12	98.60%
18	Corporation Bank	14.54	83.49%	13.49%	3.02%	0.23	43.79%
19	Indian Overseas Bank	14.50	89.49%	9.99%	0.52%	0.16	92.61%
20	Karnataka Bank	13.85	88.92%	9.72%	1.35%	0.28	30.45%
21	UCO Bank	13.33	84.43%	13.91%	1.65%	0.27	44.68%
22	Vijaya Bank	13.24	82.33%	14.50%	3.16%	0.26	99.18%
23	Oriental Bank of Commerce	12.69	89.69%	10.27%	0.04%	0.11	98.66%
24	Federal Bank	12.22	94.33%	5.09%	0.58%	0.14	99.03%
25	Yes Bank Ltd	12.21	94.63%	5.04%	0.33%	0.08	73.70%
26	Allahabad Bank	12.02	81.36%	16.88%	1.75%	0.28	33.95%
27	Airtel Payments Bank	11.80	89.04%	10.45%	0.52%	0.11	78.30%
28	INDUSIND BANK	8.69	93.27%	6.65%	0.08%	0.07	95.40%
29	Karur Vysya Bank	7.75	89.45%	9.39%	1.16%	0.16	62.26%
30	Dena Bank	7.12	82.75%	14.49%	2.77%	0.25	80.52%

UPI Top 30 Banks Performance (June'20)

Sr. No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %<< /strong>	BD %	TD%	Deemed Approved %
1	State Bank Of India	220.07	97.68%	0.57%	1.26%	0.49%
2	ICICI Bank	182.40	99.12%	0.53%	0.02%	0.33%
3	Paytm Payments Bank	174.79	99.28%	0.63%	0.09%	0.00%
4	Yes Bank Ltd	167.76	99.73%	0.15%	0.01%	0.12%
5	Axis Bank Ltd.	92.97	99.24%	0.54%	0.01%	0.20%
6	HDFC BANK LTD	82.62	97.41%	2.44%	0.01%	0.13%
7	Bank of Baroda	33.30	98.21%	1.35%	0.07%	0.36%
8	Punjab National Bank	32.95	98.10%	1.12%	0.71%	0.07%
9	Bank of India	29.34	98.02%	1.05%	0.71%	0.22%
10	Canara Bank	28.53	98.58%	1.22%	0.03%	0.17%
11	Andhra Bank	27.60	99.14%	0.50%	0.24%	0.11%
12	Kotak Mahindra Bank	24.29	97.35%	2.27%	0.10%	0.27%
13	Union Bank of India	22.83	97.95%	0.76%	1.18%	0.10%
14	Central Bank Of India	17.32	97.80%	1.54%	0.09%	0.58%
15	Indian Bank	16.15	97.94%	0.57%	0.24%	1.26%
16	IDBI Bank Limited	13.13	96.74%	2.96%	0.11%	0.19%
17	Syndicate Bank	13.00	96.60%	1.20%	1.89%	0.31%
18	Airtel Payments Bank	11.20	97.76%	1.99%	0.10%	0.15%
19	Karnataka Bank	9.94	97.57%	1.65%	0.27%	0.52%
20	Corporation Bank	9.85	90.32%	1.54%	7.33%	0.80%
21	Bank of Maharashtra	9.33	99.18%	0.53%	0.01%	0.29%
22	Indian Overseas Bank	9.12	95.73%	0.83%	0.53%	2.91%
23	Federal Bank	9.00	99.38%	0.52%	0.09%	0.01%
24	Vijaya Bank	8.80	94.07%	0.85%	4.85%	0.24%
25	UCO Bank	8.42	94.01%	3.65%	1.68%	0.66%
26	Oriental Bank of Commerce	7.67	99.07%	0.68%	0.24%	0.02%
27	Allahabad Bank	7.55	96.40%	1.77%	1.25%	0.58%
28	CITI	7.41	99.90%	0.10%	0.00%	0.00%
29	INDUSIND BANK	7.01	97.90%	2.01%	0.06%	0.03%
30	Karur Vysya Bank	6.19	97.87%	1.76%	0.02%	0.34%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (June'20)

UPI Apps (June'20)
Sr.No.	Application Name	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	2.92	473.59
2	Allahabad Bank	0.07	24.30
3	AmazonPay	59.91	2,532.70
4	Andhra Bank	0.05	30.32
5	Axis Bank Apps	2.62	362.08
6	Bajaj Finserv	0.01	0.78
7	Bank of Baroda	0.34	161.78
8	Bank of Maharashtra	0.02	5.99
9	BHIM	17.95	6,625.01
10	Canara Bank	0.05	20.79
11	Central Bank of India	0.06	27.72
12	Citi Bank Apps	0.09	53.45
13	Cointab	0.16	48.52
14	Corporation Bank	0.01	3.19
15	Cred	1.16	887.68
16	DBS Digibank	0.34	116.54
17	Dena Bank	0.01	15.85
18	Deustche Bank	0.22	13.80
19	Fedral Bank	0.03	9.73
20	Freecharge	0.98	46.32
21	Google Pay	592.34	1,19,592.26
22	HDFC Bank Apps	1.31	318.90
23	HSBC	0.17	34.63
24	ICICI Bank Apps	8.17	1,624.08
25	IDBI Bank Apps	0.01	3.86
26	IDFC Bank Apps	0.01	8.62
27	India Post Payments Bank	0.01	3.25
28	Indian Bank	0.01	2.33
29	IndusInd Bank	0.26	40.97
30	Janata Sahakari Bank	0.01	4.48
31	Jio Payments Bank	0.05	2.70
32	Karnataka Bank	0.02	9.05
33	Karur Vysya Bank	0.02	12.95
34	Kotak Mahindra Bank Apps	1.01	199.97
35	MakeMy Trip	0.03	13.11
36	MI Pay	0.50	72.20
37	Mobikwik	1.45	141.24
38	Oriental Bank of Commerce	0.03	18.86
39	Paytm Payment Bank	139.22	18,089.21
40	PhonePe	492.73	1,06,845.67
41	Punjab National Bank	0.10	57.06
42	Punjab Sind Bank	0.01	4.05
43	RBL Bank	0.04	24.16
44	Samsung Pay	1.06	262.61
45	South Indian Bank	0.03	17.86
46	Standard Chartered	0.01	9.02
47	State Bank of India Apps	3.37	2,030.70
48	TJSB Bank	0.01	4.27
49	Truecaller	0.17	36.62
50	UCO Bank	0.02	12.15
51	Ultracash	0.22	66.84
52	Union Bank of India	0.10	58.26
53	United Bank of India	0.06	22.79
54	Vijya Bank	0.02	10.13
55	WhatsApp Pay	0.06	8.00
56	Yes Bank Apps	7.31	704.26
57	Other Apps	0.02	7.74

Note:-

Volume in the table represents Payer App volume.
Apps whose volume is less than 10,000 is included in ‘Other Apps’.
Consolidated volume of the Banks Apps is been shown in the table for the banks which has more than 1 App and for banks which does merchant acquiring.
BHIM Volume is inclusive of *99# Volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Jun-20	1,336.93	2,61,835.00	819.08	2,28,052.84	517.85	33,782.16

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (May'20)

Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	365.64	92.58%	6.75%	0.67%	3.82	99.52%
2	Axis Bank Ltd.	124.97	96.54%	2.62%	0.84%	1.04	30.63%
3	HDFC BANK LTD	99.88	94.59%	4.86%	0.55%	1.16	69.16%
4	ICICI Bank	78.15	94.94%	5.06%	0.01%	0.33	99.24%
5	Paytm Payments Bank	74.64	91.70%	8.30%	0.00%	0.41	98.62%
6	Punjab National Bank	50.95	93.20%	6.70%	0.11%	0.50	90.86%
7	Bank of Baroda	49.75	90.89%	8.45%	0.67%	0.51	91.65%
8	Bank of India	42.52	92.85%	6.68%	0.47%	0.53	64.46%
9	Canara Bank	35.52	88.66%	10.94%	0.41%	0.35	85.06%
10	Union Bank of India	33.63	91.86%	7.42%	0.72%	0.27	86.02%
11	Andhra Bank	32.92	94.40%	5.36%	0.24%	0.25	77.65%
12	Kotak Mahindra Bank	31.97	93.17%	6.46%	0.37%	0.26	76.21%
13	Central Bank Of India	25.97	91.67%	8.17%	0.16%	0.26	98.84%
14	Indian Bank	22.84	87.98%	10.49%	1.53%	0.40	31.23%
15	IDBI Bank Limited	18.30	92.99%	6.09%	0.92%	0.27	62.73%
16	Syndicate Bank	15.85	93.65%	6.26%	0.09%	0.12	93.16%
17	Bank of Maharashtra	14.18	90.91%	8.86%	0.23%	0.11	83.74%
18	Indian Overseas Bank	13.16	89.51%	10.16%	0.33%	0.13	86.38%
19	Corporation Bank	12.68	87.01%	11.23%	1.76%	0.21	40.60%
20	UCO Bank	12.48	84.96%	14.83%	0.22%	0.12	82.40%
21	Vijaya Bank	12.25	82.70%	14.35%	2.94%	0.34	98.67%
22	Allahabad Bank	11.63	74.67%	21.64%	3.69%	0.44	19.79%
23	Oriental Bank of Commerce	11.42	89.19%	10.50%	0.31%	0.11	91.91%
24	Karnataka Bank	11.37	87.66%	10.54%	1.80%	0.24	22.76%
25	Yes Bank Ltd	10.58	95.55%	4.38%	0.07%	0.03	99.64%
26	Airtel Payments Bank	10.50	90.34%	9.33%	0.33%	0.07	87.80%
27	Federal Bank	10.16	94.24%	5.23%	0.53%	0.10	87.18%
28	INDUSIND BANK	7.52	93.01%	6.74%	0.26%	0.07	76.09%
29	Dena Bank	6.85	85.10%	13.85%	1.05%	0.12	88.69%
30	Karur Vysya Bank	6.77	87.66%	11.83%	0.51%	0.08	97.69%

UPI Top 30 Banks Performance (May'20)

Sr. No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Deemed Approved %
1	State Bank Of India	204.35	99.06%	0.64%	0.14%	0.16%
2	ICICI Bank	177.86	99.51%	0.48%	0.00%	0.00%
3	Yes Bank Ltd	169.03	99.91%	0.09%	0.00%	0.00%
4	Paytm Payments Bank	155.65	99.57%	0.43%	0.00%	0.00%
5	Axis Bank Ltd.	81.14	98.10%	0.56%	0.31%	1.03%
6	HDFC BANK LTD	69.47	97.05%	1.94%	0.07%	0.93%
7	Bank of Baroda	30.10	98.13%	1.52%	0.06%	0.30%
8	Punjab National Bank	29.70	98.29%	1.29%	0.37%	0.05%
9	Bank of India	26.66	98.50%	1.17%	0.09%	0.25%
10	Canara Bank	24.73	98.00%	1.51%	0.11%	0.39%
11	Andhra Bank	24.38	99.16%	0.60%	0.16%	0.08%
12	Kotak Mahindra Bank	21.40	97.14%	2.46%	0.17%	0.22%
13	Union Bank of India	20.79	98.62%	0.84%	0.44%	0.09%
14	Central Bank Of India	16.07	97.78%	2.02%	0.04%	0.17%
15	Indian Bank	14.62	98.28%	0.64%	0.05%	1.03%
16	IDBI Bank Limited	11.43	96.89%	2.46%	0.19%	0.47%
17	Syndicate Bank	11.39	97.81%	1.73%	0.44%	0.03%
18	CITI	10.93	99.92%	0.08%	0.00%	0.00%
19	Airtel Payments Bank	9.80	97.03%	2.80%	0.12%	0.05%
20	Bank of Maharashtra	8.63	99.02%	0.77%	0.05%	0.17%
21	Corporation Bank	8.41	93.28%	1.51%	4.13%	1.07%
22	Indian Overseas Bank	8.39	97.24%	0.99%	0.41%	1.36%
23	Karnataka Bank	8.14	95.37%	1.29%	2.46%	0.88%
24	UCO Bank	7.71	95.62%	3.71%	0.58%	0.09%
25	Vijaya Bank	7.68	96.48%	0.81%	2.21%	0.50%
26	Federal Bank	7.36	99.30%	0.59%	0.06%	0.06%
27	Oriental Bank of Commerce	6.92	97.89%	0.74%	1.27%	0.11%
28	Allahabad Bank	6.67	94.49%	2.46%	1.42%	1.63%
29	INDUSIND BANK	5.30	96.95%	2.89%	0.05%	0.10%
30	Karur Vysya Bank	5.26	97.75%	1.95%	0.20%	0.09%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (May'20)

UPI Apps (May'20)
Sr.No.	Application Name	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	3.53	602.02
2	Allahabad Bank	0.06	21.08
3	AmazonPay	58.94	2,489.35
4	Andhra Bank	0.04	26.63
5	Axis Bank Apps	2.37	291.05
6	Bajaj Finserv	0.01	0.75
7	Bank of Baroda	0.27	120.16
8	Bank of Maharashtra	0.02	5.88
9	BHIM	16.88	6,020.24
10	Canara Bank	0.03	15.08
11	Central Bank of India	0.06	25.84
12	Citi Bank Apps	0.07	52.24
13	Cointab	0.19	46.54
14	Corporation Bank	0.01	3.09
15	Cred	1.13	756.75
16	DBS Digibank	0.32	89.77
17	Dena Bank	0.01	18.45
18	Deustche Bank	0.03	4.16
19	Fedral Bank	0.03	9.92
20	Freecharge	0.93	46.14
21	Google Pay	547.93	97,014.42
22	HDFC Bank Apps	0.88	264.83
23	HSBC	0.21	44.83
24	ICICI Bank Apps	8.57	1,466.14
25	IDBI Bank Apps	0.01	3.47
26	IDFC Bank Apps	0.01	4.92
27	India Post Payments Bank	0.01	3.62
28	Indian Bank	0.01	2.37
29	IndusInd Bank	0.11	22.18
30	Janata Sahakari Bank	0.01	4.02
31	Jio Payments Bank	0.04	1.61
32	Karnataka Bank	0.02	8.40
33	Karur Vysya Bank	0.02	10.94
34	Kotak Mahindra Bank Apps	0.80	170.05
35	MakeMy Trip	0.01	6.98
36	MI Pay	0.52	65.84
37	Mobikwik	1.59	142.46
38	Oriental Bank of Commerce	0.03	17.19
39	Paytm Payment Bank	124.69	15,675.58
40	PhonePe	452.58	89,954.82
41	Punjab National Bank	0.08	44.85
42	Punjab Sind Bank	0.01	3.90
43	RBL Bank	0.03	18.82
44	Samsung Pay	0.95	223.73
45	South Indian Bank	0.03	14.89
46	Standard Chartered	0.01	9.08
47	State Bank of India Apps	3.24	1,772.60
48	TJSB Bank	0.01	3.84
49	Truecaller	0.20	36.00
50	UCO Bank	0.02	11.15
51	Ultracash	0.24	61.43
52	Union Bank of India	0.09	49.33
53	United Bank of India	0.06	19.70
54	Vijya Bank	0.02	9.91
55	WhatsApp Pay	0.06	8.79
56	Yes Bank Apps	6.46	566.72
57	Other Apps	0.02	7.04

Note:-

Volume in the table represents Payer App volume.
Apps whose volume is less than 10,000 is included in ‘Other Apps’.
Consolidated volume of the Banks Apps is been shown in the table for the banks which has more than 1 App and for banks which does merchant acquiring.
BHIM Volume is inclusive of *99# Volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
May-20	1,234.50	2,18,391.60	738.43	1,89,655.44	496.07	28,736.16

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (April'20)

Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Debit Reversal Success %
1	Airtel Payments Bank	9.12	89.59%	8.85%	1.56%	91.67%
2	Allahabad Bank	10.33	71.65%	26.44%	1.91%	34.76%
3	Andhra Bank	26.67	92.52%	6.62%	0.86%	42.96%
4	Axis Bank Ltd.	92.96	96.54%	3.30%	0.16%	73.25%
5	Bank of Baroda	42.49	88.99%	10.69%	0.33%	95.11%
6	Bank of India	34.99	90.83%	8.31%	0.86%	51.05%
7	Bank of Maharashtra	11.67	90.69%	9.14%	0.17%	91.22%
8	Canara Bank	29.14	86.69%	13.13%	0.17%	93.23%
9	Central Bank Of India	21.96	89.90%	9.33%	0.77%	70.74%
10	Corporation Bank	10.97	84.08%	14.56%	1.36%	38.23%
11	Dena Bank	5.9	83.82%	15.94%	0.24%	94.92%
12	Federal Bank	8.16	93.10%	6.71%	0.19%	96.31%
13	ICICI Bank	65.05	94.76%	5.22%	0.02%	94.42%
14	IDBI Bank Limited	15.18	92.98%	6.59%	0.43%	77.62%
15	Indian Bank	18.95	87.61%	11.12%	1.27%	40.07%
16	Indian Overseas Bank	11.02	87.40%	11.17%	1.44%	66.88%
17	INDUSIND BANK	6.27	91.84%	7.72%	0.44%	70.14%
18	HDFC BANK LTD	79.76	94.79%	5.03%	0.18%	97.41%
19	Karnataka Bank	9.31	88.31%	11.39%	0.30%	61.15%
20	Karur Vysya Bank	5.45	87.03%	11.37%	1.61%	45.59%
21	Kotak Mahindra Bank	25.96	93.07%	6.88%	0.06%	96.83%
22	Oriental Bank of Commerce	9.68	88.06%	11.92%	0.03%	95.92%
23	Paytm Payments Bank	68.72	91.21%	8.78%	0.01%	94.86%
24	Punjab National Bank	42.05	89.71%	9.01%	1.28%	50.55%
25	State Bank Of India	298.45	91.76%	7.74%	0.49%	95.07%
26	Syndicate Bank	12.92	92.82%	6.69%	0.49%	68.18%
27	UCO Bank	10.46	82.62%	17.04%	0.33%	72.55%
28	Union Bank of India	28.49	91.02%	8.80%	0.18%	88.69%
29	Vijaya Bank	10.19	81.18%	18.24%	0.59%	97.78%
30	Yes Bank Ltd	5.13	91.33%	8.64%	0.03%	97.26%

UPI Top 30 Banks Performance (April'20)

Sr. No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Deemed Approved %
1	Airtel Payments Bank	8.04	97.23%	2.46%	0.25%	0.06%
2	Allahabad Bank	5.28	91.31%	2.01%	6.07%	0.61%
3	Andhra Bank	17.94	98.51%	0.78%	0.24%	0.47%
4	Axis Bank Ltd.	60.99	99.20%	0.51%	0.01%	0.29%
5	Bank of Baroda	22.18	98.26%	1.62%	0.03%	0.10%
6	Bank of India	19.3	97.88%	1.51%	0.20%	0.41%
7	Bank of Maharashtra	6.43	98.95%	0.86%	0.05%	0.14%
8	Canara Bank	18	98.34%	1.48%	0.06%	0.12%
9	Central Bank Of India	11.98	96.89%	2.60%	0.01%	0.50%
10	CITI	10.83	99.92%	0.08%	0.00%	0.00%
11	Corporation Bank	6.13	95.09%	1.88%	2.29%	0.74%
12	Federal Bank	5.15	99.34%	0.64%	0.00%	0.01%
13	HDFC BANK LTD	54.78	97.31%	2.29%	0.01%	0.39%
14	ICICI Bank	158.37	99.58%	0.39%	0.03%	0.00%
15	IDBI Bank Limited	8.3	96.83%	2.86%	0.04%	0.27%
16	Indian Bank	10.85	98.20%	0.90%	0.04%	0.86%
17	Indian Overseas Bank	6.14	97.64%	1.13%	0.29%	0.94%
18	INDUSIND BANK	3.57	97.11%	2.61%	0.11%	0.17%
19	Karnataka Bank	6	97.59%	1.76%	0.57%	0.09%
20	Karur Vysya Bank	3.55	97.47%	1.86%	0.03%	0.64%
21	Kotak Mahindra Bank	16.1	97.48%	2.46%	0.00%	0.05%
22	Oriental Bank of Commerce	5.13	98.97%	0.92%	0.09%	0.02%
23	Paytm Payments Bank	133.85	99.57%	0.43%	0.00%	0.00%
24	Punjab National Bank	21.6	95.88%	2.14%	1.64%	0.34%
25	State Bank Of India	152.2	98.69%	0.85%	0.35%	0.11%
26	Syndicate Bank	8.3	97.54%	1.35%	0.95%	0.17%
27	UCO Bank	5.63	94.55%	4.36%	0.94%	0.16%
28	Union Bank of India	15.34	98.87%	1.01%	0.05%	0.07%
29	Vijaya Bank	5.52	97.87%	0.90%	1.12%	0.11%
30	Yes Bank Ltd	160.34	99.91%	0.09%	0.00%	0.00%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Apps (April'20)

UPI Apps (April'20)
Sr.No.	Application Name	Volume (Mn)	Value (Cr)
1	Airtel Payments Bank Apps	2.94	488.41
2	Allahabad Bank	0.05	17.01
3	AmazonPay	14.48	787.43
4	Andhra Bank	0.03	16.86
5	AU Small Finance Bank	0.01	0.07
6	Axis Bank Apps	2.02	224.53
7	Bajaj Finserv	0.01	0.64
8	Bank of Baroda	0.18	83.91
9	Bank of Maharashtra	0.01	4.58
10	BHIM	13.97	4,504.18
11	Canara Bank	0.03	9.96
12	Central Bank of India	0.05	21.33
13	Citi Bank Apps	0.06	47.38
14	Cointab	0.19	37.32
15	Corporation Bank	0.01	2.83
16	Cred	0.94	674.21
17	DBS Digibank	0.28	106.05
18	Dena Bank	0.01	18.11
19	Fedral Bank	0.02	8.00
20	Freecharge	1.19	41.87
21	Google Pay	440.06	66,554.28
22	HDFC Bank Apps	0.80	204.23
23	HSBC	0.07	40.30
24	ICICI Bank Apps	10.57	1,432.01
25	IDBI Bank Apps	0.01	3.00
26	IDFC Bank Apps	0.01	2.49
27	India Post Payments Bank	0.01	2.41
28	Indian Bank	0.01	2.31
29	IndusInd Bank	0.05	13.58
30	Jio Payments Bank	0.04	1.29
31	Karnataka Bank	0.01	6.00
32	Karur Vysya Bank	0.01	7.56
33	Kotak Mahindra Bank Apps	0.63	134.53
34	MakeMy Trip	0.01	3.85
35	MI Pay	0.48	45.07
36	Mobikwik	1.79	127.28
37	Oriental Bank of Commerce	0.03	12.99
38	Paytm Payment Bank	128.18	12,716.78
39	PhonePe	374.10	60,990.48
40	Punjab National Bank	0.06	35.40
41	Punjab Sind Bank	0.01	3.05
42	RBL Bank	0.02	14.21
43	Samsung Pay	0.81	167.23
44	South Indian Bank	0.02	10.16
45	Standard Chartered	0.01	5.53
46	State Bank of India Apps	2.72	1,236.95
47	Truecaller	0.23	28.91
48	UCO Bank	0.02	8.66
49	Ultracash	0.23	46.75
50	Union Bank of India	0.08	37.78
51	United Bank of India	0.06	16.87
52	Vijya Bank	0.01	7.73
53	WhatsApp Pay	0.05	6.98
54	Yes Bank Apps	1.87	108.04
55	Other Apps	0.03	11.32

Note:-

Volume in the table represents Payer App volume.
Apps whose volume is less than 10,000 is included in ‘Other Apps’.
Consolidated volume of the Banks Apps is been shown in the table for the banks which has more than 1 App and for banks which does merchant acquiring.
BHIM Volume is inclusive of *99# Volume.

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Apr-20	999.57	1,51,140.66	550.35	1,28,029.94	449.23	23,110.72

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Top 30 Banks Performance (March'20)

Sr. No.	UPI Remitter Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Debit Reversal Success %
1	Airtel Payments Bank	12.78	91.89%	6.57%	1.54%	48.84%
2	Allahabad Bank	12.4	76.73%	22.20%	1.07%	30.63%
3	Andhra Bank	35.02	93.47%	6.37%	0.15%	48.37%
4	Axis Bank Ltd.	112.34	96.76%	3.17%	0.08%	46.75%
5	Bank of Baroda	49.82	89.86%	9.74%	0.40%	48.54%
6	Bank of India	40.57	91.28%	7.93%	0.80%	38.88%
7	Bank of Maharashtra	14.8	90.37%	8.89%	0.74%	37.87%
8	Canara Bank	36.42	85.77%	11.61%	2.62%	27.45%
9	Central Bank Of India	25.86	90.74%	8.87%	0.39%	47.50%
10	Citibank	7.45	94.42%	3.84%	1.75%	26.76%
11	Corporation Bank	13.21	84.54%	13.18%	2.27%	28.35%
12	DBS Bank India Limited	6.43	94.76%	4.99%	0.25%	42.92%
13	Federal Bank	11.14	92.53%	6.04%	1.42%	47.27%
14	HDFC BANK LTD	111.49	94.74%	4.91%	0.35%	48.92%
15	ICICI Bank	91.56	94.23%	5.65%	0.12%	46.39%
16	IDBI Bank Limited	19.04	92.62%	7.07%	0.30%	47.29%
17	Indian Bank	24.23	88.07%	10.01%	1.92%	25.32%
18	Indian Overseas Bank	13.5	86.62%	12.04%	1.34%	46.72%
19	INDUSIND BANK	7.88	89.99%	7.62%	2.40%	24.87%
20	Karnataka Bank	13.32	88.60%	11.25%	0.15%	45.38%
21	Karur Vysya Bank	7.42	88.96%	9.98%	1.06%	43.11%
22	Kotak Mahindra Bank	38.21	92.57%	6.76%	0.68%	48.25%
23	Oriental Bank of Commerce	11.29	90.76%	8.87%	0.37%	45.69%
24	Paytm Payments Bank	100.93	92.33%	7.67%	0.01%	46.43%
25	Punjab National Bank	51.47	92.57%	7.25%	0.19%	45.42%
26	State Bank Of India	338.19	90.72%	7.44%	1.84%	32.13%
27	Syndicate Bank	16.89	92.16%	6.97%	0.88%	39.22%
28	UCO Bank	11.75	82.65%	16.52%	0.82%	35.54%
29	Union Bank of India	34.27	89.16%	9.32%	1.52%	47.34%
30	Vijaya Bank	12.86	83.10%	16.03%	0.87%	49.34%

UPI Top 30 Banks Performance (March'20)

Sr. No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD %	TD%	Deemed Approved %
1	Airtel Payments Bank	15.35	98.71%	0.96%	0.30%	0.02%
2	Allahabad Bank	6.77	97.34%	1.63%	0.64%	0.39%
3	Andhra Bank	24.02	99.15%	0.61%	0.15%	0.09%
4	Axis Bank Ltd.	84.75	99.13%	0.56%	0.04%	0.27%
5	Bank of Baroda	28.81	98.79%	0.99%	0.03%	0.19%
6	Bank of India	24.22	97.76%	1.09%	0.72%	0.43%
7	Bank of Maharashtra	8.53	98.20%	0.62%	0.80%	0.38%
8	Canara Bank	24.53	97.11%	1.01%	0.29%	1.59%
9	Central Bank Of India	15.05	97.87%	1.53%	0.29%	0.30%
10	CITI	11.46	99.92%	0.08%	0.00%	0.00%
11	Corporation Bank	8.3	94.58%	1.38%	3.23%	0.81%
12	Federal Bank	7.9	99.26%	0.54%	0.09%	0.11%
13	HDFC BANK LTD	78.38	97.05%	2.23%	0.01%	0.72%
14	ICICI Bank	169.97	99.30%	0.59%	0.06%	0.06%
15	IDBI Bank Limited	11.5	96.51%	3.30%	0.05%	0.14%
16	Indian Bank	15.39	98.08%	0.60%	0.15%	1.17%
17	Indian Overseas Bank	8.01	94.17%	0.90%	0.14%	4.79%
18	Karnataka Bank	9.25	98.07%	1.74%	0.14%	0.05%
19	Karur Vysya Bank	5.68	97.36%	1.81%	0.37%	0.46%
20	Kotak Mahindra Bank	23.31	97.64%	2.01%	0.00%	0.35%
21	Oriental Bank of Commerce	6.76	97.84%	0.77%	1.17%	0.21%
22	Paytm Payments Bank	204.07	99.71%	0.28%	0.00%	0.00%
23	Phone Pe ICICI	62.28	99.98%	0.01%	0.00%	0.00%
24	Punjab National Bank	28.06	98.25%	1.23%	0.44%	0.08%
25	State Bank Of India	186.69	97.51%	0.75%	1.04%	0.70%
26	Syndicate Bank	11.5	98.26%	1.17%	0.37%	0.20%
27	UCO Bank	6.87	94.60%	4.02%	0.96%	0.42%
28	Union Bank of India	19.96	97.85%	0.81%	1.28%	0.06%
29	Vijaya Bank	8.11	98.05%	0.68%	1.17%	0.11%
30	Yes Bank Ltd	85.75	99.71%	0.14%	0.01%	0.13%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Top 30 Banks Performance (Feb'20)

Sr. No.	UPI Remitter Banks	Total Volume(In Mn)	Approved %	BD %	TD%	Debit Reversal Success %
1	Airtel Payments Bank	13.89	91.92%	5.85%	2.24%	92.45%
2	Allahabad Bank	12.18	80.42%	18.51%	1.07%	56.98%
3	Andhra Bank	35.98	94.29%	5.34%	0.38%	84.95%
4	Axis Bank Ltd.	116.04	96.38%	3.32%	0.30%	76.77%
5	Bank Of India	41.2	91.74%	7.25%	1.01%	62.73%
6	Bank of Baroda	50.88	90.89%	8.31%	0.80%	95.07%
7	Bank of Maharashtra	16.12	91.52%	8.21%	0.27%	90.64%
8	Canara Bank	38.1	87.83%	10.36%	1.81%	48.51%
9	Central Bank Of India	26.91	90.94%	8.58%	0.48%	86.64%
10	Citibank	8.54	95.48%	3.68%	0.84%	68.97%
11	Corporation Bank	13.52	84.76%	11.47%	3.76%	33.21%
12	Federal Bank	11.81	89.97%	8.64%	1.39%	83.30%
13	HDFC BANK LTD	120.61	94.34%	4.53%	1.13%	92.31%
14	ICICI Bank	93.76	94.15%	5.80%	0.05%	94.62%
15	IDBI Bank Limited	19.67	93.27%	6.58%	0.15%	95.50%
16	INDUSIND BANK	8.42	92.27%	6.97%	0.77%	61.42%
17	Indian Bank	24.87	88.12%	9.77%	2.10%	39.25%
18	Indian Overseas Bank	13.43	85.38%	11.40%	3.22%	73.45%
19	Karnataka Bank	14.09	88.61%	10.87%	0.52%	70.35%
20	Karur Vysya Bank	7.71	89.52%	9.10%	1.38%	78.06%
21	Kotak Mahindra Bank	40.8	92.58%	6.56%	0.86%	61.49%
22	Oriental Bank of Commerce	11.73	91.77%	8.20%	0.03%	99.25%
23	Paytm Payments Bank	115.52	93.25%	6.75%	0.00%	99.36%
24	Punjab National Bank	54.97	85.03%	7.94%	7.03%	74.06%
25	State Bank Of India	349.84	92.13%	6.78%	1.09%	69.73%
26	Syndicate Bank	17.42	92.45%	6.40%	1.15%	73.17%
27	UCO Bank	11.86	84.16%	15.51%	0.33%	81.33%
28	Union Bank of India	35.16	89.36%	8.61%	2.03%	94.56%
29	Vijaya Bank	13.4	84.98%	13.90%	1.12%	97.75%
30	Yes Bank Ltd	19.69	95.67%	3.64%	0.69%	83.17%

UPI Top 30 Banks Performance (Feb'20)

Sr. No.	UPI Beneficiary Banks	Total Volume(In Mn)	Approved %	BD %	TD%	Deemed Approved%
1	Airtel Payments Bank	15.05	98.35%	0.24%	1.41%	0.05%
2	Allahabad Bank	7.52	97.52%	1.48%	1.01%	0.43%
3	Andhra Bank	25.61	98.94%	0.61%	0.45%	0.17%
4	Axis Bank Ltd.	88.7	99.38%	0.58%	0.04%	0.16%
5	Bank of Baroda	31.49	99.09%	0.82%	0.09%	0.43%
6	Bank of India	26.03	98.54%	1.10%	0.36%	0.50%
7	Bank of Maharashtra	9.8	99.34%	0.52%	0.14%	0.21%
8	Canara Bank	27.84	98.69%	0.91%	0.40%	0.75%
9	Central Bank Of India	16.32	98.41%	1.40%	0.18%	0.38%
10	CITI	10.54	99.92%	0.08%	0.00%	0.01%
11	Corporation Bank	9.21	93.88%	1.09%	5.04%	1.40%
12	Federal Bank	8.81	99.48%	0.45%	0.07%	0.18%
13	HDFC BANK LTD	80.99	98.26%	1.73%	0.01%	0.32%
14	ICICI Bank	152.23	99.32%	0.66%	0.02%	0.02%
15	IDBI Bank Limited	12.75	96.50%	3.47%	0.03%	0.10%
16	Indian Bank	16.5	99.17%	0.65%	0.18%	1.29%
17	Indian Overseas Bank	8.81	93.73%	0.75%	5.51%	5.77%
18	INDUSIND BANK	5.38	97.79%	2.06%	0.15%	0.37%
19	Karnataka Bank	10.47	97.66%	1.62%	0.72%	0.17%
20	Karur Vysya Bank	6.24	98.02%	1.74%	0.24%	0.79%
21	Kotak Mahindra Bank	25.56	97.30%	2.19%	0.50%	0.46%
22	Oriental Bank of Commerce	7.46	99.19%	0.78%	0.03%	0.02%
23	Paytm Payments Bank	230.84	99.76%	0.24%	0.00%	0.00%
24	Punjab National Bank	29.72	97.73%	1.20%	1.07%	0.21%
25	State Bank Of India	200.71	98.93%	0.73%	0.34%	0.32%
26	Syndicate Bank	12.69	97.37%	0.57%	2.06%	0.31%
27	UCO Bank	7.42	95.08%	4.11%	0.80%	0.18%
28	Union Bank of India	21.87	97.30%	0.75%	1.96%	0.04%
29	Vijaya Bank	9.22	99.12%	0.63%	0.25%	0.27%
30	Yes Bank Ltd	165.83	99.77%	0.16%	0.06%	0.58%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

UPI Top 30 Banks Performance (Jan'20)

Sr. No.	UPI Remitter Banks	Total Volume(In Mn)	Approved %	BD %	TD%	Debit Reversal Success %
1	Airtel Payments Bank	14.96	91.50%	5.57%	2.93%	82.78%
2	Allahabad Bank	11.63	79.82%	17.08%	3.10%	34.39%
3	Andhra Bank	35.29	93.30%	5.78%	0.92%	79.94%
4	Axis Bank Ltd.	129.87	96.81%	2.95%	0.24%	89.37%
5	Bank of Baroda	49.58	90.00%	9.04%	0.96%	86.93%
6	Bank of India	39.25	88.69%	8.67%	2.63%	58.44%
7	Bank of Maharashtra	15.86	90.53%	8.01%	1.46%	52.15%
8	Canara Bank	37.03	87.92%	11.05%	1.04%	63.31%
9	Central Bank Of India	26.45	90.12%	9.16%	0.72%	76.81%
10	Citibank	8.33	95.17%	4.06%	0.77%	51.16%
11	Corporation Bank	13.51	83.87%	12.35%	3.78%	33.66%
12	Federal Bank	12.35	83.75%	15.75%	0.50%	83.94%
13	HDFC BANK LTD	117.52	94.62%	4.78%	0.60%	72.73%
14	ICICI Bank	91.71	94.10%	5.89%	0.01%	98.34%
15	IDBI Bank Limited	19.19	92.24%	7.38%	0.38%	91.60%
16	INDUSIND BANK	8.1	91.45%	7.94%	0.61%	70.06%
17	Indian Bank	23.81	87.25%	10.26%	2.49%	33.14%
18	Indian Overseas Bank	13.25	87.70%	11.47%	0.82%	83.54%
19	Karnataka Bank	13.73	86.02%	12.90%	1.08%	45.30%
20	Karur Vysya Bank	7.4	89.99%	9.57%	0.43%	95.16%
21	Kotak Mahindra Bank	39.63	92.94%	6.55%	0.51%	74.91%
22	Oriental Bank of Commerce	11.67	89.29%	10.57%	0.14%	93.52%
23	Paytm Payments Bank	103.11	92.79%	7.18%	0.03%	98.87%
24	Punjab National Bank	52.28	90.68%	7.66%	1.67%	49.87%
25	State Bank Of India	347.46	91.61%	6.90%	1.49%	68.36%
26	Syndicate Bank	17.06	92.91%	6.48%	0.61%	77.11%
27	UCO Bank	11.39	79.88%	16.00%	4.12%	21.46%
28	Union Bank of India	33.68	92.37%	6.98%	0.65%	73.10%
29	Vijaya Bank	13.54	83.30%	16.19%	0.51%	97.87%
30	Yes Bank Ltd	21.22	96.64%	3.02%	0.34%	74.74%

UPI Top 30 Banks Performance (Jan'20)

Sr. No.	UPI Beneficiary Banks	Total Volume(In Mn)	Approved %	BD %	TD%	Deemed Approved%
1	Airtel Payments Bank	14.48	98.39%	0.20%	1.41%	0.11%
2	Allahabad Bank	7.4	95.24%	1.13%	3.64%	1.32%
3	Andhra Bank	25.14	99.09%	0.62%	0.28%	0.11%
4	Axis Bank Ltd.	93.91	99.45%	0.52%	0.03%	0.05%
5	Bank of Baroda	30.81	98.97%	0.87%	0.16%	0.38%
6	Bank of India	24.32	97.57%	1.12%	1.31%	0.90%
7	Bank of Maharashtra	9.78	98.89%	0.46%	0.65%	0.64%
8	CITI	9.93	99.93%	0.07%	0.00%	0.03%
9	Canara Bank	27.43	98.50%	0.83%	0.68%	0.56%
10	Central Bank Of India	16.08	98.38%	1.60%	0.02%	0.41%
11	Corporation Bank	9.1	94.74%	1.10%	4.16%	1.47%
12	Federal Bank	8.9	99.51%	0.45%	0.03%	0.09%
13	HDFC BANK LTD	83.28	98.06%	1.92%	0.01%	0.34%
14	ICICI Bank	151.65	99.48%	0.52%	0.01%	0.00%
15	IDBI Bank Limited	12.51	96.63%	3.20%	0.17%	0.18%
16	INDUSIND BANK	5.16	97.07%	1.93%	1.01%	0.56%
17	Indian Bank	15.83	99.24%	0.70%	0.07%	1.48%
18	Indian Overseas Bank	8.89	99.02%	0.83%	0.15%	1.41%
19	Karnataka Bank	10.42	95.64%	1.46%	2.90%	0.62%
20	Karur Vysya Bank	5.99	97.99%	1.85%	0.16%	0.17%
21	Kotak Mahindra Bank	25.42	97.62%	2.24%	0.13%	0.20%
22	Oriental Bank of Commerce	7.26	99.07%	0.80%	0.13%	0.06%
23	Paytm Payments Bank	216	99.76%	0.23%	0.01%	0.00%
24	Punjab National Bank	29.92	97.15%	1.23%	1.62%	0.48%
25	State Bank Of India	202.34	98.68%	0.73%	0.59%	0.39%
26	Syndicate Bank	12.47	97.97%	0.42%	1.61%	0.19%
27	UCO Bank	7.05	95.29%	3.34%	1.36%	2.44%
28	Union Bank of India	21.49	98.74%	0.76%	0.49%	0.11%
29	Vijaya Bank	9.13	99.07%	0.70%	0.24%	0.17%
30	Yes Bank Ltd	160.85	99.85%	0.13%	0.02%	0.53%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
Remitter - The account holder who is sending the money
Beneficiary - The account holder who is receiving money
Remitter Bank - The bank of the account holder who is sending the money
Beneficiary Bank - The bank of the account holder who is receiving money

Archives UPI Ecosystem Statistics

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UPI Top 50 Banks Performance (December'21)

UPI Top 50 Banks Performance (December'21)

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UPI P2P and P2M Transactions

UPI P2P & P2M transactions by Amount Banding

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UPI Top 50 Banks Performance (November'21)

UPI Top 50 Banks Performance (November'21)

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UPI Apps (Nov'21)

UPI P2P and P2M Transactions

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UPI Top 50 Banks Performance (October'21)

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UPI P2P and P2M Transactions

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UPI Top 50 Banks Performance (September'21)

UPI Top 50 Banks Performance (September'21)

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UPI P2P and P2M Transactions

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UPI Top 50 Banks Performance (August'21)

UPI Top 50 Banks Performance (August'21)

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UPI Apps (Aug'21)

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UPI Top 30 Banks Performance (July'21)

UPI Top 30 Banks Performance (July'21)

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UPI Apps (July'21)

UPI P2P and P2M Transactions

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UPI Top 30 Banks Performance (Jun'21)

UPI Top 30 Banks Performance (Jun'21)

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UPI Apps (June'21)

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UPI IPO Banks Performance (June'21)

Remarks

Remarks

UPI Top 30 Banks Performance (May'21)

UPI Top 30 Banks Performance (May'21)

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UPI Apps (May'21)

UPI P2P and P2M Transactions

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UPI Top 30 Banks Performance (April'21)

UPI Top 30 Banks Performance (April'21)

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UPI Apps (April'21)

UPI P2P and P2M Transactions

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UPI Top 30 Banks Performance (March'21)

UPI Top 30 Banks Performance (March'21)

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UPI Apps (March'21)

UPI P2P and P2M Transactions

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UPI Top 30 Banks Performance (February'21)

UPI Top 30 Banks Performance (February'21)

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UPI Apps (February'21)

UPI P2P and P2M Transactions

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UPI Top 30 Banks Performance (January'21)

UPI Top 30 Banks Performance (January'21)

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UPI Apps (January'21)

UPI P2P and P2M Transactions

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UPI Top 30 Banks Performance (December'20)