UPI Ecosystem Statistics

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

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 (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 (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

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

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 %<	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

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

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

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

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

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

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

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UPI Top 30 Banks Performance (Jan'20)

UPI Top 30 Banks Performance (Jan'20)

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UPI Top 30 Banks Performance (Feb'20)

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UPI Top 30 Banks Performance (July'20)

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UPI Top 30 Banks Performance (August'20)

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UPI Top 30 Banks Performance (September'20)

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UPI Top 30 Banks Performance (October'20)

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UPI Top 30 Banks Performance (December'20)

UPI Top 30 Banks Performance (December'20)

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UPI P2P and P2M Transactions