UPI Bank Performance

UPI Remitter Banks - Top 30 Banks (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 Beneficiary Banks - Top 30 Banks (August'20)
Sr.No. UPI Beneficiary Banks Total Volume (In Mn) Approved % BD% TD% Deemed Approved %
1 State Bank Of India 247,824,662 97.86% 0.66% 1.06% 0.42%
2 Paytm Payments Bank 216,182,072 98.99% 1.00% 0.00% 0.01%
3 ICICI Bank 206,646,678 99.28% 0.69% 0.03% 0.00%
4 Yes Bank Ltd 199,866,545 99.88% 0.11% 0.00% 0.01%
5 Axis Bank Ltd. 131,957,198 99.16% 0.49% 0.00% 0.35%
6 HDFC BANK LTD 101,594,806 97.71% 2.21% 0.02% 0.07%
7 Bank of Baroda 42,394,447 97.37% 1.40% 0.27% 0.96%
8 Punjab National Bank 41,062,267 97.14% 1.70% 1.03% 0.13%
9 Bank of India 37,098,030 97.68% 1.80% 0.07% 0.44%
10 Canara Bank 33,049,098 95.42% 1.52% 1.57% 1.49%
11 Andhra Bank 32,152,923 98.53% 0.47% 0.74% 0.26%
12 Kotak Mahindra Bank 30,310,411 96.14% 2.46% 0.84% 0.57%
13 Union Bank of India 28,941,365 97.75% 0.89% 1.00% 0.37%
14 Central Bank Of India 21,706,028 97.88% 1.28% 0.33% 0.51%
15 Indian Bank 20,623,214 97.87% 0.52% 0.13% 1.48%
16 Syndicate Bank 16,349,937 97.60% 1.31% 1.02% 0.07%
17 Airtel Payments Bank 16,235,342 97.96% 1.61% 0.35% 0.08%
18 IDBI Bank Limited 16,203,362 97.58% 2.22% 0.09% 0.11%
19 Federal Bank 12,204,305 99.28% 0.56% 0.16% 0.00%
20 Karnataka Bank 12,110,910 97.76% 1.78% 0.26% 0.20%
21 Indian Overseas Bank 12,053,102 98.31% 1.40% 0.17% 0.12%
22 Bank of Maharashtra 11,896,082 99.22% 0.48% 0.12% 0.17%
23 Corporation Bank 11,630,492 92.87% 1.05% 5.45% 0.63%
24 UCO Bank 10,970,296 95.62% 3.55% 0.59% 0.23%
25 Vijaya Bank 10,028,458 74.99% 1.29% ##### 0.27%
26 Oriental Bank of Commerce 9,305,581 99.22% 0.63% 0.11% 0.04%
27 Allahabad Bank 9,179,806 95.41% 1.84% 1.81% 0.94%
28 INDUSIND BANK 9,096,921 97.26% 2.34% 0.24% 0.17%
29 Karur Vysya Bank 7,606,376 97.41% 2.00% 0.05% 0.54%
30 United Bank of India 5,430,307 92.39% 5.07% 1.45% 1.09%

Glossary -

  1. 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.
  2. Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
  3. 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.
  4. 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.
  5. Remitter - The account holder who is sending the money
  6. Beneficiary - The account holder who is receiving money
  7. Remitter Bank - The bank of the account holder who is sending the money
  8. Beneficiary Bank - The bank of the account holder who is receiving money