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UPI Top 50 Member Remitter Performance (Dec'22)

UPI Remitter Banks - Top 50 Banks (Dec'22)
Sr. No.	UPI Remitter Banks (Dec-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	2,128.94	91.25%	6.30%	2.45%	14.35	95.90%
2	HDFC Bank Ltd	700.19	94.08%	5.23%	0.69%	4.32	92.33%
3	Bank of Baroda	509.92	88.84%	6.30%	4.86%	5.54	72.57%
4	Union Bank of India	487.38	91.84%	7.01%	1.15%	3.59	69.01%
5	ICICI Bank	426.32	95.23%	3.60%	1.17%	3.11	65.75%
6	Axis Bank Ltd	397.64	95.47%	4.24%	0.29%	1.93	85.19%
7	Paytm Payments Bank	386.50	95.96%	3.89%	0.15%	1.94	72.44%
8	Canara Bank	361.00	92.66%	6.85%	0.49%	2.62	93.23%
9	Punjab National Bank	354.80	93.44%	5.53%	1.03%	1.32	92.35%
10	Kotak Mahindra Bank	351.80	93.90%	4.83%	1.27%	1.24	80.49%
11	Bank of India	268.67	94.98%	4.81%	0.20%	1.57	73.26%
12	Indian Bank	206.07	93.35%	5.78%	0.88%	0.89	97.07%
13	Airtel Payments Bank	154.16	84.90%	14.55%	0.56%	2.89	55.90%
14	India Post Payment Bank	147.96	69.58%	17.68%	12.74%	1.21	77.04%
15	Federal Bank	131.59	93.45%	6.49%	0.06%	1.06	81.40%
16	Central Bank Of India	128.39	88.58%	9.87%	1.55%	0.57	99.15%
17	Indian Overseas Bank	104.59	90.82%	5.56%	3.62%	0.85	85.16%
18	IDBI Bank Limited	102.97	94.47%	4.14%	1.38%	0.62	82.76%
19	Bank of Maharashtra	93.22	92.99%	4.78%	2.23%	0.76	53.95%
20	UCO Bank	89.57	93.20%	6.10%	0.70%	0.47	80.82%
21	IndusInd Bank	72.70	92.84%	6.17%	0.99%	0.53	69.75%
22	Karnataka Bank	67.08	91.40%	7.76%	0.84%	0.34	86.90%
23	IDFC FIRST Bank	66.27	92.59%	5.95%	1.46%	0.31	82.55%
24	Fino Payments Bank	58.33	82.72%	16.02%	1.25%	0.39	67.43%
25	Yes Bank Ltd	48.46	92.60%	6.72%	0.68%	0.31	94.40%
26	Karur Vysya Bank	43.70	91.30%	7.29%	1.41%	0.27	49.34%
27	South Indian Bank	34.00	93.02%	5.39%	1.59%	0.15	89.88%
28	Bandhan Bank	33.77	89.66%	8.33%	2.01%	0.18	90.10%
29	City Union Bank	24.42	92.51%	6.51%	0.98%	0.14	84.01%
30	Equitas Small Finance Bank	23.33	85.78%	13.19%	1.03%	0.35	37.35%
31	Jammu and Kashmir Bank	22.34	88.91%	7.85%	3.24%	0.13	91.73%
32	Ujjivan Small Finance Bank	22.10	87.15%	7.48%	5.36%	0.16	48.84%
33	AU small Finance Bank	21.24	93.14%	5.81%	1.05%	0.09	88.71%
34	Tamilnad Mercantile Bank	20.67	91.71%	8.06%	0.24%	0.13	53.45%
35	DBS Bank Ltd	20.13	93.49%	4.71%	1.80%	0.07	98.94%
36	Punjab and Sind Bank	20.12	83.64%	9.77%	6.59%	0.17	67.49%
37	Standard Chartered	19.53	96.71%	2.74%	0.55%	0.08	82.40%
38	Citibank	19.24	94.91%	4.13%	0.97%	0.15	44.43%
39	Andhra Pradesh Grameena Vikas Bank	17.34	82.80%	13.36%	3.84%	0.10	93.76%
40	Maharashtra Gramin Bank	16.64	71.35%	23.55%	5.10%	0.20	31.55%
41	Pragathi Krishna Gramin Bank	16.46	84.14%	13.76%	2.10%	0.19	40.99%
42	Saraswat Bank	15.79	95.72%	3.58%	0.69%	0.16	41.02%
43	Kerala Gramin Bank	14.09	87.55%	11.16%	1.29%	0.07	83.59%
44	ESAF Small Finance Bank Ltd.	12.97	84.18%	13.67%	2.15%	0.11	84.66%
45	Rajasthan Marudhara Gramin Bank	12.33	81.74%	12.24%	6.03%	0.09	62.81%
46	Sarva Haryana Gramin Bank	11.05	76.50%	16.82%	6.68%	0.07	98.88%
47	Andhra Pragathi Grameena Bank	10.58	79.84%	14.92%	5.24%	0.07	70.93%
48	RBL Bank	10.28	88.19%	7.50%	4.30%	0.09	56.49%
49	Baroda UP Gramin Bank	8.57	82.44%	13.17%	4.40%	0.09	56.53%
50	Baroda Rajasthan Kshetriya Gramin Bank	7.68	85.52%	11.49%	2.99%	0.17	47.53%

UPI Top 50 Member Beneficiary Performance (Dec'22)

UPI Beneficiary Banks - Top 50 Banks (Dec'22)
Sr.No.	UPI Beneficiary Banks (Dec-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1,726.94	99.71%	0.22%	0.06%	0.02%
2	Yes Bank Ltd	1,309.96	99.82%	0.06%	0.11%	0.01%
3	State Bank Of India	938.15	97.92%	0.21%	1.71%	0.16%
4	Axis Bank Ltd.	562.51	99.77%	0.12%	0.05%	0.06%
5	ICICI Bank	543.27	98.88%	0.38%	0.71%	0.04%
6	HDFC Bank Ltd	384.38	98.72%	0.61%	0.51%	0.17%
7	Bank of Baroda	249.01	94.55%	0.38%	4.59%	0.48%
8	Union Bank of India	242.13	98.96%	0.27%	0.58%	0.19%
9	Canara Bank	185.71	99.21%	0.43%	0.24%	0.12%
10	Federal Bank	175.68	99.69%	0.29%	0.02%	0.00%
11	Punjab National Bank	174.36	98.27%	0.83%	0.71%	0.19%
12	Kotak Mahindra Bank	157.66	97.61%	0.51%	1.63%	0.25%
13	Bank of India	137.98	99.59%	0.25%	0.11%	0.05%
14	Indian Bank	101.77	98.92%	0.27%	0.57%	0.23%
15	Airtel Payments Bank	93.38	98.79%	0.53%	0.37%	0.30%
16	IndusInd Bank	66.04	98.59%	0.43%	0.80%	0.17%
17	Central Bank Of India	65.03	98.05%	0.59%	0.78%	0.57%
18	India Post Payment Bank	64.48	87.39%	1.92%	10.08%	0.61%
19	Indian Overseas Bank	53.54	97.11%	0.23%	1.96%	0.70%
20	IDBI Bank Limited	51.55	98.65%	0.41%	0.65%	0.29%
21	UCO Bank	47.42	98.64%	0.68%	0.59%	0.09%
22	IDFC FIRST Bank	42.48	96.75%	1.39%	1.62%	0.25%
23	Bank of Maharashtra	40.68	97.13%	0.30%	2.03%	0.53%
24	Karnataka Bank	32.03	98.33%	0.80%	0.82%	0.06%
25	Karur Vysya Bank	26.40	98.56%	0.50%	0.84%	0.10%
26	South Indian Bank	22.97	98.69%	0.65%	0.62%	0.04%
27	Bandhan Bank	21.26	97.22%	0.37%	2.28%	0.12%
28	Fino Payments Bank	20.73	96.94%	2.12%	0.70%	0.24%
29	AU small Finance Bank	16.42	97.82%	1.48%	0.58%	0.12%
30	Citibank	12.51	97.50%	0.00%	0.06%	0.14%
31	City Union Bank	13.70	98.57%	0.71%	0.61%	0.10%
32	Tamilnad Mercantile Bank	12.84	99.56%	0.26%	0.16%	0.02%
33	Ujjivan Small Finance Bank	12.02	94.27%	0.29%	4.84%	0.60%
34	Equitas Small Finance Bank	11.67	97.34%	1.83%	0.72%	0.11%
35	Punjab and Sind Bank	9.67	94.60%	0.21%	4.85%	0.34%
36	Pragathi Krishna Gramin Bank	9.10	98.06%	0.44%	0.95%	0.55%
37	Kerala Gramin Bank	8.99	98.38%	0.76%	0.49%	0.37%
38	Jammu and Kashmir Bank	8.83	96.99%	0.59%	2.21%	0.21%
39	Andhra Pradesh Grameena Vikas Bank	8.72	97.46%	0.33%	1.81%	0.39%
40	DBS Bank Ltd	8.49	95.01%	1.34%	3.48%	0.17%
41	ESAF Small Finance Bank Ltd.	7.11	98.28%	0.23%	1.41%	0.09%
42	Maharashtra Gramin Bank	7.11	97.08%	0.76%	1.80%	0.36%
43	Rajasthan Marudhara Gramin Bank	6.52	96.00%	0.31%	3.20%	0.49%
44	RBL Bank	6.32	95.22%	1.40%	2.48%	0.90%
45	Saraswat Bank	6.23	99.18%	0.23%	0.44%	0.15%
46	Andhra Pragathi Grameena Bank	5.94	93.76%	0.99%	4.97%	0.28%
47	Baroda UP Gramin Bank	5.87	93.84%	2.39%	3.42%	0.35%
48	Sarva Haryana Gramin Bank	5.01	92.62%	0.49%	6.61%	0.29%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.41	95.13%	2.39%	2.26%	0.22%
50	Karnataka Vikas Grameena Bank	4.01	97.40%	0.00%	2.19%	0.23%

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'22)

UPI Apps (Dec'22)
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	8.69	681.55	-	-	0.00	0.00	0.00	0.12	8.70	681.67
2	Allahabad Bank Apps	0.03	9.75	-	-	-	-	-	-	0.03	9.75
3	Amazon Pay	69.61	6,621.66	-	-	-	-	-	-	69.61	6,621.66
4	AU Small Finance Bank Apps	0.58	177.47	-	-	-	-	-	-	0.58	177.47
5	Axis Bank Apps	7.26	1,246.36	58.27	56.30	0.03	2.44	-	-	65.56	1,305.09
6	Bajaj Finserv	4.56	647.71	-	-	-	-	-	-	4.56	647.71
7	Bandhan Bank Apps	0.01	1.53	-	-	-	-	-	-	0.01	1.53
8	Bank of Baroda Apps	1.02	397.56	-	-	0.00	0.00	-	-	1.02	397.56
9	Bank of India Apps	0.22	64.32	-	-	-	-	-	-	0.22	64.32
10	Bank of Maharashtra Apps	0.08	19.91	-	-	-	-	-	-	0.08	19.91
11	BHIM	25.50	8,400.04	-	-	-	-	-	-	25.50	8,400.04
12	Canara Bank Apps	1.02	275.70	-	-	-	-	-	-	1.02	275.70
13	Central Bank of India Apps	0.26	60.28	-	-	0.00	0.05	-	-	0.26	60.32
14	Citi Bank Apps	0.09	68.38	-	-	0.00	0.00	-	-	0.09	68.38
15	City Union Bank Apps	0.05	14.38	-	-	-	-	-	-	0.05	14.38
16	Cointab	0.05	18.98	-	-	-	-	-	-	0.05	18.98
17	Cred	31.42	19,622.29	-	-	-	-	-	-	31.42	19,622.29
18	DBS Digibank Apps	0.41	171.59	-	-	-	-	-	-	0.41	171.59
19	Deutsche Bank Apps	1.28	104.47	-	-	0.00	0.01	-	-	1.28	104.49
20	Dhanlaxmi Bank Apps	0.01	3.16	-	-	-	-	-	-	0.01	3.16
21	Equitas Small Finance Bank Apps	0.02	11.69	-	-	-	-	-	-	0.02	11.69
22	Fampay PPI	9.70	127.18	-	-	0.00	0.01	-	-	9.70	127.19
23	Fave	0.08	5.01	-	-	-	-	-	-	0.08	5.01
24	Federal Bank Apps	4.57	595.17	-	-	0.00	0.01	-	-	4.57	595.18
25	Fino Payments bank Apps	0.11	7.49	-	-	-	-	-	-	0.11	7.49
26	Google Pay	2,712.34	440,370.99	-	-	-	-	-	-	2,712.34	440,370.99
27	Groww	0.21	153.02	-	-	-	-	-	-	0.21	153.02
28	HDFC Bank Apps	11.81	3,143.08	-	-	0.00	0.15	-	-	11.81	3,143.24
29	HSBC Bank Apps	0.15	78.59	0.00	0.05	0.00	0.00	-	-	0.15	78.63
30	ICICI Bank Apps	36.74	8,815.95	5.17	418.68	6.38	6,890.51	-	-	48.29	16,125.15
31	IDBI Bank Apps	0.07	29.50	-	-	-	-	-	-	0.07	29.50
32	IDFC Bank Apps	9.55	1,184.60	-	-	0.16	138.38	-	-	9.70	1,322.98
33	India Post Payments Bank Apps	5.55	682.59	-	-	-	-	-	-	5.55	682.59
34	Indian Bank Apps	0.25	73.71	-	-	0.00	0.00	-	-	0.25	73.71
35	Indian Overseas Bank Apps	0.01	2.90	-	-	-	-	-	-	0.01	2.90
36	IndusInd Bank Apps	1.26	1,062.40	-	-	-	-	-	-	1.26	1,062.40
37	Janata Sahakari Bank Apps	0.01	4.58	-	-	-	-	-	-	0.01	4.58
38	Jio Payments Bank Apps	1.48	104.71	-	-	-	-	-	-	1.48	104.71
39	Jupiter	2.53	318.03	-	-	-	-	-	-	2.53	318.03
40	Karnataka Bank Apps	0.48	91.09	-	-	-	-	-	-	0.48	91.09
41	Karur Vysya Bank Apps	0.04	14.87	-	-	-	-	-	-	0.04	14.87
42	Kotak Mahindra Bank Apps	11.53	2,480.17	-	-	0.00	0.01	-	-	11.53	2,480.18
43	MakeMyTrip	0.10	52.30	-	-	-	-	-	-	0.10	52.30
44	Mobikwik	3.62	806.82	-	-	-	-	-	-	3.62	806.82
45	NSDL Payments Bank Apps	0.02	2.95	-	-	-	-	-	-	0.02	2.95
46	Paytm Payments Bank App	1,054.05	118,069.81	6.08	16.86	0.43	580.52	109.79	20,154.47	1,170.34	138,821.66
47	PhonePe	3,674.24	639,348.78	-	-	-	-	-	-	3,674.24	639,348.78
48	Punjab National Bank Apps	0.22	76.70	-	-	-	-	-	-	0.22	76.70
49	Punjab Sind Bank Apps	0.03	10.48	-	-	-	-	-	-	0.03	10.48
50	RBL Bank Apps	0.92	214.40	0.00	0.01	0.18	0.89	-	-	1.10	215.30
51	Samsung Pay	5.49	531.12	-	-	-	-	-	-	5.49	531.12
52	Slash	0.01	0.79	-	-	-	-	-	-	0.01	0.79
53	Slice	0.15	15.74	-	-	-	-	-	-	0.15	15.74
54	South Indian Bank Apps	0.18	53.20	-	-	-	-	-	-	0.18	53.20
55	Standard Chartered Bank Apps	0.16	90.42	0.00	0.00	0.00	0.00	-	-	0.16	90.42
56	State Bank of India Apps	4.22	1,928.43	-	-	0.00	0.00	-	-	4.22	1,928.43
57	Tamilnad Mercantile Bank Apps	0.08	12.13	-	-	-	-	-	-	0.08	12.13
58	TataNeu	0.15	17.64	-	-	-	-	-	-	0.15	17.64
59	UCO Bank Apps	0.31	93.32	-	-	-	-	-	-	0.31	93.32
60	Ultracash	0.03	1.65	-	-	-	-	-	-	0.03	1.65
61	Union Bank Apps	0.92	310.63	-	-	-	-	-	-	0.92	310.63
62	Utkarsh Small Finance Bank Apps	0.02	7.81	-	-	-	-	-	-	0.02	7.81
63	WhatsApp	11.05	917.49	-	-	-	-	-	-	11.05	917.49
64	Yes Bank Apps	35.98	13,324.11	0.00	0.00	0.18	91.35	-	-	36.16	13,415.46
65	Others	0.03	7.64	-	-	0.00	0.00	-	-	0.03	7.64

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'22	7,829.49	12,82,055.01	3,602.19	9,91,748.31	4,227.30	2,90,306.69

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 Payer PSP Performance

UPI Payer PSP Performance (Dec'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,760.70	98.38%	1.61%	0.01%
2	Axis Bank Ltd	1,466.35	98.42%	1.57%	0.01%
3	ICICI Bank	1,252.92	98.51%	1.48%	0.01%
4	Paytm Payments Bank	1,078.75	98.31%	1.68%	0.01%
5	HDFC Bank Ltd	693.09	98.69%	1.30%	0.01%
6	State Bank Of India	613.07	98.22%	1.76%	0.01%
7	IDFC FIRST Bank	20.00	97.57%	2.42%	0.01%
8	Kotak Mahindra Bank	11.83	97.45%	2.55%	0.01%
9	Airtel Payments Bank	9.07	95.82%	4.12%	0.06%
10	India Post Payment Bank	5.67	97.99%	1.99%	0.02%
11	Federal Bank	4.73	97.70%	2.29%	0.01%
12	RBL Bank	1.70	98.09%	1.90%	0.01%
13	Jio Payments Bank	1.56	94.97%	4.74%	0.29%
14	IndusInd Bank	1.30	97.25%	1.44%	1.30%
15	Deutsche Bank	1.29	99.92%	0.08%	0.00%

UPI Payee PSP Performance

UPI Payee PSP Performance (Dec'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,850.04	99.37%	0.44%	0.19%
2	Paytm Payments Bank	1,775.35	99.23%	0.75%	0.02%
3	Axis Bank Ltd	979.12	99.00%	0.92%	0.08%
4	ICICI Bank	898.83	99.03%	0.89%	0.08%
5	HDFC Bank Ltd	372.15	98.38%	1.46%	0.16%
6	State Bank Of India	370.13	99.17%	0.66%	0.17%
7	Federal Bank	116.45	99.68%	0.28%	0.04%
8	IndusInd Bank	30.84	96.01%	2.26%	1.72%
9	Kotak Mahindra Bank	20.39	99.05%	0.64%	0.31%
10	Airtel Payments Bank	19.83	98.14%	1.31%	0.55%
11	IDFC FIRST Bank	17.90	95.75%	2.97%	1.28%
12	Citibank	12.59	99.39%	0.60%	0.01%
13	Cosmos Bank	9.66	97.93%	1.55%	0.51%
14	Bank of Baroda	7.54	91.44%	6.09%	2.47%
15	Canara Bank	6.60	99.10%	0.57%	0.33%

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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Merchant Category Classification - December 22

UPI Merchant Category-wise Classification - December'22
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5812	Eating places and restaurants
	4814	Telecommunication services, including local and long distance calls, credit card calls, calls through use of magnetic stripe reading telephones and faxes
	7299	Miscellaneous personal services not elsewhere classified
	5541	Service stations (with or without ancillary services)
	5814	Fast food restaurants
	5816	Digital Goods – Games
	5499	Miscellaneous food shops convenience and speciality retail outlets
	5311	Department stores
	5912	Drug stores and pharmacies
Medium Transacting Categories	5999	Miscellaneous and speciality retail outlets
	5462	Bakeries
	5399	Miscellaneous general merchandise
	4900	Utilities - electric, gas, water and sanitary
	7322	Debt collection agencies
	5813	Drinking places (alcoholic beverages) - bars, taverns, night-clubs, cocktail lounges and discothèques
	5451	Dairies
	6540	Debit card to wallet credit (Wallet top up)
	6012	Financial institutions - merchandise and services
	5699	Miscellaneous apparel and accessory shops
All Other Categories	8999	Professional services not elsewhere classified
	4899	Cable and other pay television services
	9399	Government services - not elsewhere classified
	6211	Securities - brokers and dealers
	5422	Freezer and locker meat provisioners
	4214	Motor freight carriers and trucking - local and long distance, moving and storage companies and local delivery
	5732	Electronics shops
	7399	Business services not elsewhere classified
	7230	Beauty and barber shops
	Others

Glossary

Category classification is made in terms of Approved UPI transaction Volume.
High Transacting Categories: Top 10 MCCs
Medium Transacting Categories: Next 10 MCCs
All Other Categories: Next 9 MCCs along with all other MCCs clubbed under 'Others'
MCC Description is with reference to ISO 18245:2003 standard

UPI Top 50 Member Remitter Performance (Nov'22)

UPI Remitter Banks - Top 50 Banks (Nov'22)
Sr. No.	UPI Remitter Banks (Nov-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,951.85	92.82%	6.30%	0.88%	8.51	80.40%
2	HDFC Bank Ltd	649.64	94.68%	5.16%	0.16%	2.29	99.46%
3	Bank of Baroda	475.43	93.69%	6.17%	0.15%	1.69	99.38%
4	Union Bank of India	447.27	92.47%	7.07%	0.46%	2.04	78.57%
5	ICICI Bank	396.06	94.60%	4.75%	0.65%	2.91	67.84%
6	Axis Bank Ltd	384.42	96.02%	3.83%	0.15%	2.04	67.34%
7	Paytm Payments Bank	364.00	96.01%	3.82%	0.17%	1.66	93.60%
8	Canara Bank	332.82	92.47%	6.32%	1.21%	1.34	72.91%
9	Punjab National Bank	328.34	92.48%	5.61%	1.90%	1.21	77.31%
10	Kotak Mahindra Bank	325.86	94.62%	5.07%	0.31%	1.18	71.21%
11	Bank of India	249.69	94.97%	4.38%	0.65%	1.10	69.29%
12	Indian Bank	188.36	93.72%	5.57%	0.71%	0.98	70.54%
13	Airtel Payments Bank	140.25	81.21%	13.36%	5.43%	1.78	45.26%
14	Federal Bank	122.16	93.88%	5.53%	0.59%	0.94	74.30%
15	India Post Payment Bank	121.93	81.41%	15.23%	3.36%	1.02	73.79%
16	Central Bank Of India	117.72	88.09%	8.95%	2.96%	0.47	91.37%
17	Indian Overseas Bank	95.82	93.58%	5.27%	1.15%	0.49	94.66%
18	IDBI Bank Limited	95.50	94.39%	4.27%	1.35%	0.52	75.92%
19	Bank of Maharashtra	87.16	93.61%	4.69%	1.70%	0.87	47.79%
20	UCO Bank	83.44	91.91%	5.84%	2.26%	0.60	94.87%
21	Yes Bank Ltd	80.19	94.81%	4.34%	0.85%	0.30	93.50%
22	INDUSIND BANK	66.86	93.88%	5.68%	0.44%	0.34	80.08%
23	Karnataka Bank	62.76	85.92%	7.53%	6.55%	0.30	83.33%
24	IDFC FIRST Bank	56.30	89.48%	5.99%	4.53%	1.01	29.94%
25	Fino Payments Bank	54.03	81.88%	16.09%	2.03%	0.43	47.55%
26	Karur Vysya Bank	40.64	91.68%	7.13%	1.19%	0.26	56.68%
27	South Indian Bank	31.42	93.95%	5.87%	0.18%	0.24	93.38%
28	Bandhan Bank	31.07	90.25%	6.53%	3.22%	0.11	98.27%
29	City Union Bank	22.51	92.79%	6.28%	0.93%	0.15	64.69%
30	Equitas Bank	21.51	86.38%	13.09%	0.53%	0.10	96.99%
31	Jammu and Kashmir Bank	21.45	87.84%	6.64%	5.52%	0.09	95.31%
32	Ujjivan Small Finance Bank	19.93	89.69%	6.55%	3.76%	0.09	88.48%
33	AU small Finance Bank	19.43	93.71%	5.94%	0.35%	0.17	62.66%
34	Maharashtra Gramin Bank	19.41	51.76%	42.89%	5.35%	0.09	93.90%
35	Tamilnad Mercantile Bank	18.78	91.64%	7.21%	1.15%	0.23	27.49%
36	Standard Chartered	18.34	95.99%	2.59%	1.42%	0.07	87.00%
37	Punjab and Sind Bank	18.14	88.48%	9.83%	1.68%	0.07	76.50%
38	Citibank	17.81	95.45%	4.07%	0.48%	0.06	95.73%
39	DBS Bank India Limited	17.33	95.17%	4.73%	0.11%	0.09	53.62%
40	Pragathi Krishna Gramin Bank	15.27	86.54%	12.67%	0.78%	0.20	21.84%
41	Andhra Pradesh Grameena Vikas Bank	14.66	85.56%	12.28%	2.16%	0.12	35.40%
42	Saraswat Bank	14.61	95.83%	3.57%	0.60%	0.04	93.96%
43	Kerala Gramin Bank	12.77	88.69%	10.93%	0.37%	0.09	45.06%
44	Rajasthan Marudhara Gramin Bank	11.61	79.24%	11.94%	8.83%	0.07	94.36%
45	ESAF Small Finance Bank Ltd.	11.29	89.50%	9.00%	1.50%	0.10	42.87%
46	RBL	9.68	90.98%	7.19%	1.83%	0.05	87.11%
47	Andhra Pragathi Grameena Bank	9.67	77.93%	17.06%	5.01%	0.10	41.25%
48	Sarva Haryana Gramin Bank	9.11	87.10%	10.98%	1.92%	0.05	99.45%
49	Baroda UP Gramin Bank	7.82	82.96%	12.50%	4.53%	0.13	35.54%
50	Baroda Rajasthan Kshetriya Gramin Bank	7.40	83.30%	10.93%	5.77%	0.07	43.80%

UPI Top 50 Member Beneficiary Performance (Nov'22)

UPI Beneficiary Banks - Top 50 Banks (Nov'22)
Sr.No.	UPI Beneficiary Banks (Nov-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1617.99	99.63%	0.27%	0.08%	0.02%
2	Yes Bank Ltd	1261.66	99.87%	0.12%	0.01%	0.00%
3	State Bank Of India	877.76	99.07%	0.22%	0.63%	0.08%
4	Axis Bank Ltd	541.43	99.82%	0.11%	0.04%	0.03%
5	ICICI Bank	493.34	99.30%	0.36%	0.28%	0.07%
6	HDFC Bank Ltd	361.21	99.22%	0.66%	0.08%	0.04%
7	Bank of Baroda	233.63	99.59%	0.26%	0.10%	0.05%
8	Union Bank of India	226.28	99.35%	0.28%	0.29%	0.08%
9	Canara Bank	173.68	98.62%	0.43%	0.72%	0.24%
10	Federal Bank	166.71	99.22%	0.34%	0.41%	0.03%
11	Punjab National Bank	163.42	96.87%	0.58%	1.84%	0.71%
12	Kotak Mahindra Bank	150.77	99.05%	0.59%	0.27%	0.09%
13	Bank of India	129.98	99.12%	0.25%	0.50%	0.13%
14	Indian Bank	94.58	98.69%	0.33%	0.82%	0.16%
15	Airtel Payments Bank	84.21	94.82%	0.43%	3.37%	1.37%
16	IndusInd Bank	62.72	98.90%	0.46%	0.36%	0.28%
17	Central Bank Of India	60.87	96.54%	0.63%	1.88%	0.95%
18	India Post Payment Bank	56.87	96.45%	0.73%	2.62%	0.20%
19	Indian Overseas Bank	50.30	98.92%	0.28%	0.59%	0.21%
20	IDBI Bank Limited	48.77	98.14%	0.47%	1.19%	0.20%
21	UCO Bank	44.71	97.31%	0.68%	1.56%	0.45%
22	Bank of Maharashtra	38.54	98.02%	0.31%	1.51%	0.16%
23	IDFC FIRST Bank	37.91	91.59%	1.43%	6.48%	0.50%
24	Karnataka Bank	29.87	93.52%	0.64%	4.91%	0.94%
25	Karur Vysya Bank	24.80	98.56%	0.53%	0.82%	0.09%
26	South Indian Bank	21.40	99.21%	0.65%	0.13%	0.01%
27	Bandhan Bank	20.13	96.34%	0.37%	3.11%	0.18%
28	Fino Payments Bank	19.40	95.99%	2.08%	1.48%	0.45%
29	AU small Finance Bank	15.63	97.57%	2.07%	0.21%	0.15%
30	City Union Bank	12.88	98.44%	0.85%	0.63%	0.08%
31	Tamilnad Mercantile Bank	11.78	98.77%	0.26%	0.81%	0.16%
32	Citibank	11.30	99.62%	0.00%	0.08%	0.30%
33	Ujjivan Small Finance Bank	11.14	95.80%	0.29%	3.62%	0.29%
34	Equitas Small Finance Bank	10.67	97.64%	1.88%	0.46%	0.02%
35	Punjab and Sind Bank	8.84	98.27%	0.22%	1.20%	0.31%
36	Pragathi Krishna Gramin Bank	8.58	99.14%	0.43%	0.20%	0.23%
37	Kerala Gramin Bank	8.36	98.99%	0.71%	0.11%	0.18%
38	Jammu and Kashmir Bank	8.27	95.56%	0.61%	3.57%	0.25%
39	Andhra Pradesh Grameena Vikas Bank	7.64	98.46%	0.26%	0.89%	0.39%
40	DBS Bank India Limited	6.87	98.51%	1.41%	0.06%	0.02%
41	Maharashtra Gramin Bank	6.62	91.06%	4.57%	3.62%	0.76%
42	ESAF Small Finance Bank Ltd.	6.56	99.05%	0.24%	0.61%	0.11%
43	RBL	6.00	96.96%	1.55%	1.13%	0.36%
44	Rajasthan Marudhara Gramin Bank	5.97	95.14%	0.45%	3.49%	0.92%
45	Saraswat Bank	5.87	99.18%	0.22%	0.54%	0.06%
46	Baroda UP Gramin Bank	5.41	93.56%	2.43%	3.37%	0.64%
47	Andhra Pragathi Grameena Bank	5.39	94.46%	1.55%	3.58%	0.41%
48	Sarva Haryana Gramin Bank	4.67	89.96%	1.93%	7.94%	0.16%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.21	92.85%	2.34%	4.33%	0.48%
50	Karnataka Vikas Grameena Bank	3.83	96.13%	1.19%	2.43%	0.25%

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'22)

UPI Apps (Nov'22)
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	8.73	671.00	-	-	0.00	0.00	0.00	0.09	8.73	671.09
2	Allahabad Bank Apps	0.03	8.98	-	-	-	-	-	-	0.03	8.98
3	Amazon Pay	59.76	5,873.36	-	-	-	-	-	-	59.76	5,873.36
4	Andhra Bank Apps	0.01	1.53	-	-	-	-	-	-	0.01	1.53
5	AU Small Finance Bank Apps	0.53	160.30	-	-	0.00	0.00	-	-	0.53	160.30
6	Axis Bank Apps	6.16	1,061.61	71.59	57.35	0.03	2.28	-	-	77.77	1,121.24
7	Bajaj Finserv	3.90	464.41	-	-	-	-	-	-	3.90	464.41
8	Bandhan Bank Apps	0.01	1.21	-	-	-	-	-	-	0.01	1.21
9	Bank of Baroda Apps	1.26	455.80	-	-	0.00	0.00	-	-	1.26	455.80
10	Bank of India Apps	0.20	57.87	-	-	-	-	-	-	0.20	57.87
11	Bank of Maharashtra Apps	0.07	18.29	-	-	-	-	-	-	0.07	18.29
12	BHIM	25.01	8,144.83	-	-	-	-	-	-	25.01	8,144.83
13	Canara Bank Apps	0.86	232.51	-	-	-	-	-	-	0.86	232.51
14	Central Bank of India Apps	0.27	63.29	-	-	0.00	0.02	-	-	0.27	63.31
15	Citi Bank Apps	0.13	60.76	-	-	0.00	0.00	-	-	0.13	60.76
16	City Union Bank Apps	0.04	12.58	-	-	-	-	-	-	0.04	12.58
17	Cointab	0.03	13.87	-	-	-	-	-	-	0.03	13.87
18	Cred	25.63	18,599.72	-	-	-	-	-	-	25.63	18,599.72
19	DBS Digibank Apps	0.40	169.55	-	-	0.00	0.00	-	-	0.41	169.55
20	Deutsche Bank Apps	1.30	104.20	-	-	0.00	0.01	-	-	1.30	104.21
21	Dhanlaxmi Bank Apps	0.01	2.75	-	-	-	-	-	-	0.01	2.75
22	Equitas Small Finance Bank Apps	0.02	9.82	-	-	-	-	-	-	0.02	9.82
23	Fampay PPI	4.88	64.75	-	-	0.00	0.00	-	-	4.88	64.75
24	Fave	0.05	2.83	-	-	-	-	-	-	0.05	2.83
25	Federal Bank Apps	4.11	553.97	-	-	0.00	0.00	-	-	4.11	553.97
26	Fino Payments bank Apps	0.10	6.61	-	-	-	-	-	-	0.10	6.61
27	Google Pay	2,541.14	409,714.75	-	-	-	-	-	-	2,541.14	409,714.75
28	Groww	0.05	36.46	-	-	-	-	-	-	0.05	36.46
29	HDFC Bank Apps	10.66	2,758.27	-	-	0.00	0.18	-	-	10.66	2,758.45
30	HSBC Bank Apps	0.12	72.51	0.00	0.06	0.00	0.00	-	-	0.12	72.58
31	ICICI Bank Apps	33.40	7,829.07	4.32	334.50	6.36	6,587.24	-	-	44.07	14,750.80
32	IDBI Bank Apps	0.06	24.78	-	-	-	-	-	-	0.06	24.78
33	IDFC Bank Apps	10.46	895.21	-	-	0.01	8.16	-	-	10.47	903.37
34	India Post Payments Bank Apps	4.66	589.14	-	-	-	-	-	-	4.66	589.14
35	Indian Bank Apps	0.23	67.20	-	-	-	-	-	-	0.23	67.20
36	Indian Overseas Bank Apps	0.01	2.48	-	-	-	-	-	-	0.01	2.48
37	IndusInd Bank Apps	1.20	1,224.13	-	-	-	-	-	-	1.20	1,224.13
38	Janata Sahakari Bank Apps	0.01	3.99	-	-	-	-	-	-	0.01	3.99
39	Jio Payments Bank Apps	1.31	96.23	-	-	-	-	-	-	1.31	96.23
40	Jupiter	2.16	275.52	-	-	-	-	-	-	2.16	275.52
41	Karnataka Bank Apps	0.40	74.82	-	-	-	-	-	-	0.40	74.82
42	Karur Vysya Bank Apps	0.04	16.23	-	-	-	-	-	-	0.04	16.23
43	Kotak Mahindra Bank Apps	10.93	2,304.90	-	-	0.00	0.00	-	-	10.93	2,304.90
44	MakeMyTrip	0.02	7.69	-	-	-	-	-	-	0.02	7.69
45	Mobikwik	3.46	762.67	-	-	-	-	-	-	3.46	762.67
46	NSDL Payments Bank Apps	0.02	2.70	-	-	-	-	-	-	0.02	2.70
47	Paytm Payments Bank App	973.85	109,008.43	4.12	14.81	0.37	491.76	103.13	19,290.91	1,081.47	128,805.91
48	PhonePe	3,418.75	591,327.61	-	-	-	-	-	-	3,418.75	591,327.61
49	Punjab National Bank Apps	0.16	60.47	-	-	-	-	-	-	0.16	60.47
50	Punjab Sind Bank Apps	0.03	8.97	-	-	-	-	-	-	0.03	8.97
51	RBL Bank Apps	1.14	268.54	0.00	0.00	0.04	2.26	-	-	1.18	270.81
52	Samsung Pay	5.07	506.82	-	-	-	-	-	-	5.07	506.82
53	Slash	0.01	0.28	-	-	-	-	-	-	0.01	0.28
54	slice	0.51	206.66	-	-	-	-	-	-	0.51	206.66
55	South Indian Bank Apps	0.20	58.10	-	-	-	-	-	-	0.20	58.10
56	Standard Chartered Bank Apps	0.15	79.67	0.40	12.90	0.00	0.00	-	-	0.55	92.57
57	State Bank of India Apps	4.07	1,876.46	-	-	-	-	-	-	4.07	1,876.46
58	Tamilnad Mercantile Bank Apps	0.07	10.48	-	-	-	-	-	-	0.07	10.48
59	TataNeu	0.14	17.17	-	-	-	-	-	-	0.14	17.17
60	TJSB Bank Apps	0.01	2.25	-	-	-	-	-	-	0.01	2.25
61	UCO Bank Apps	0.26	78.38	-	-	-	-	-	-	0.26	78.38
62	Ultracash	0.02	0.27	-	-	-	-	-	-	0.02	0.27
63	Union Bank Apps	1.11	313.30	-	-	-	-	-	-	1.11	313.30
64	Utkarsh Small Finance Bank Apps	0.02	7.10	-	-	-	-	-	-	0.02	7.10
65	WhatsApp	9.25	769.29	-	-	-	-	-	-	9.25	769.29
66	Yes Bank Apps	43.18	14,682.54	0.00	0.00	0.41	219.88	-	-	43.58	14,902.42
67	Others	0.02	4.07	-	-	0.00	0.00	-	-	0.02	4.07

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'22	7,309.45	11,90,593.39	3,401.49	9,21,601.77	3,907.96	2,68,991.61

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 Payer PSP Performance

UPI Payer PSP Performance (Nov'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,575.97	98.34%	1.66%	0.00%
2	Axis Bank Ltd	1289.43	98.36%	1.64%	0.00%
3	ICICI Bank	1102.30	98.46%	1.53%	0.00%
4	Paytm Payments Bank	995.21	98.31%	1.69%	0.01%
5	HDFC Bank Ltd	690.60	98.88%	1.11%	0.01%
6	State Bank Of India	690.36	98.38%	1.62%	0.01%
7	IDFC FIRST Bank	15.81	97.48%	2.50%	0.02%
8	Kotak Mahindra Bank	11.23	97.34%	2.65%	0.01%
9	Airtel Payments Bank	9.10	95.92%	4.04%	0.05%
10	India Post Payment Bank	4.77	97.62%	2.37%	0.01%
11	Federal Bank	4.26	97.23%	2.74%	0.03%
12	RBL Bank	1.64	98.47%	1.53%	0.00%
13	Jio Payments Bank	1.39	94.63%	5.17%	0.20%
14	Bank of Baroda	1.35	92.72%	7.27%	0.01%
15	Deutsche Bank	1.30	99.93%	0.07%	0.00%

UPI Payee PSP Performance

UPI Payee PSP Performance (Nov'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,658.35	99.53%	0.39%	0.08%
2	Paytm Payments Bank	1,638.48	99.68%	0.27%	0.05%
3	Axis Bank Ltd	904.83	99.19%	0.80%	0.01%
4	ICICI Bank	813.95	98.83%	1.08%	0.08%
5	HDFC Bank Ltd	378.74	99.13%	0.81%	0.06%
6	State Bank Of India	351.11	98.87%	1.04%	0.09%
7	Federal Bank	111.84	97.56%	1.76%	0.68%
8	IndusInd Bank	29.37	97.34%	2.02%	0.64%
9	Kotak Mahindra Bank	23.13	99.16%	0.73%	0.11%
10	Airtel Payments Bank	15.16	98.90%	0.84%	0.27%
11	IDFC FIRST Bank	15.02	93.66%	4.93%	1.41%
12	Citibank	11.42	99.06%	0.88%	0.06%
13	Cosmos Bank	8.41	94.14%	5.01%	0.85%
14	Bank of Baroda	7.40	99.68%	0.25%	0.07%
15	Canara Bank	5.85	99.47%	0.46%	0.07%

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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Merchant Category Classification - November 22

UPI Merchant Category-wise Classification - November'22
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5812	Eating places and restaurants
	4814	Telecommunication services, including local and long distance calls, credit card calls, calls through use of magnetic stripe reading telephones and faxes
	7299	Miscellaneous personal services not elsewhere classified
	5816	Digital Goods – Games
	5541	Service stations (with or without ancillary services)
	5814	Fast food restaurants
	5499	Miscellaneous food shops convenience and speciality retail outlets
	5311	Department stores
	5912	Drug stores and pharmacies
Medium Transacting Categories	5999	Miscellaneous and speciality retail outlets
	5462	Bakeries
	5399	Miscellaneous general merchandise
	4900	Utilities - electric, gas, water and sanitary
	7322	Debt collection agencies
	5813	Drinking places (alcoholic beverages) - bars, taverns, night-clubs, cocktail lounges and discothèques
	5451	Dairies
	6540	Debit card to wallet credit (Wallet top up)*
	6012	Financial institutions - merchandise and services
	5699	Miscellaneous apparel and accessory shops
All Other Categories	4899	Cable and other pay television services
	9399	Government services - not elsewhere classified
	8999	Professional services not elsewhere classified
	7399	Business services not elsewhere classified
	4214	Motor freight carriers and trucking - local and long distance, moving and storage companies and local delivery
	5732	Electronics shops
	5422	Freezer and locker meat provisioners
	6211	Securities - brokers and dealers
	4784	Tolls and bridge fees
	Others

Glossary

Category classification is made in terms of Approved UPI transaction Volume.
High Transacting Categories: Top 10 MCCs
Medium Transacting Categories: Next 10 MCCs
All Other Categories: Next 9 MCCs along with all other MCCs clubbed under 'Others'
MCC Description is with reference to ISO 18245:2003 standard

UPI Top 50 Member Remitter Performance (Oct'22)

UPI Remitter Banks - Top 50 Banks (Oct'22)
Sr. No.	UPI Remitter Banks (Oct-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,972.78	92.21%	6.59%	1.19%	8.78	94.48%
2	HDFC Bank Ltd	660.29	94.45%	5.34%	0.22%	0.97	96.96%
3	Bank of Baroda	478.92	93.37%	6.32%	0.30%	0.96	96.10%
4	Union Bank of India	446.71	91.40%	7.44%	1.16%	0.73	73.30%
5	ICICI Bank	401.27	94.75%	4.76%	0.49%	0.91	90.59%
6	Axis Bank Ltd	371.17	95.68%	4.28%	0.05%	0.93	92.66%
7	Paytm Payments Bank	362.51	95.98%	4.00%	0.02%	0.98	98.24%
8	Punjab National Bank	333.94	93.61%	5.71%	0.68%	0.82	82.38%
9	Kotak Mahindra Bank	325.73	93.70%	6.13%	0.17%	0.79	79.42%
10	Canara Bank	323.12	93.44%	6.40%	0.16%	0.92	91.97%
11	Bank of India	252.93	94.31%	4.62%	1.07%	0.71	70.67%
12	Indian Bank	185.22	93.46%	5.58%	0.96%	0.80	80.19%
13	Airtel Payments Bank	140.51	77.77%	17.18%	5.05%	0.72	71.61%
14	Central Bank Of India	119.96	86.20%	9.42%	4.38%	0.34	33.63%
15	Federal Bank	118.98	94.60%	5.22%	0.18%	0.97	96.56%
16	India Post Payment Bank	114.22	81.27%	16.10%	2.63%	0.81	80.98%
17	IDBI Bank Limited	97.92	94.71%	4.09%	1.20%	0.84	83.61%
18	Indian Overseas Bank	94.16	93.87%	5.20%	0.93%	0.96	95.92%
19	Yes Bank Ltd	92.51	96.21%	3.62%	0.17%	0.00	0.00%
20	Bank of Maharashtra	88.07	93.60%	5.14%	1.25%	0.91	90.59%
21	UCO Bank	82.78	92.09%	6.14%	1.76%	0.47	46.95%
22	IndusInd Bank	67.00	93.82%	5.82%	0.36%	0.94	93.75%
23	Karnataka Bank	62.54	87.04%	7.32%	5.63%	0.29	29.23%
24	IDFC FIRST Bank	55.62	91.05%	5.26%	3.68%	0.47	46.81%
25	Fino Payments Bank	54.25	82.71%	15.11%	2.18%	0.74	73.71%
26	Karur Vysya Bank	40.45	92.21%	7.44%	0.35%	0.97	96.94%
27	South Indian Bank	30.59	93.64%	6.22%	0.14%	0.96	96.12%
28	Bandhan Bank	30.23	90.43%	7.22%	2.35%	0.92	92.03%
29	City Union Bank	22.20	92.56%	6.56%	0.88%	0.91	90.99%
30	Equitas Small Finance Bank	22.13	81.26%	13.91%	4.83%	0.45	44.77%
31	Ujjivan Small Finance Bank	19.94	88.35%	6.67%	4.98%	0.59	59.24%
32	Jammu and Kashmir Bank	19.69	90.14%	6.73%	3.14%	0.76	75.74%
33	AU small Finance Bank	19.57	93.32%	6.25%	0.42%	0.80	79.90%
34	Punjab and Sind Bank	18.58	78.83%	14.05%	7.13%	0.22	22.27%
35	Citibank	18.52	95.42%	4.20%	0.38%	0.98	97.54%
36	Tamilnad Mercantile Bank	18.51	91.96%	7.68%	0.36%	0.74	74.23%
37	Standard Chartered	18.42	95.89%	2.74%	1.37%	0.95	94.98%
38	DBS Bank Ltd	17.23	94.46%	4.79%	0.75%	0.96	96.03%
39	Maharashtra Gramin Bank	17.07	61.62%	28.36%	10.03%	0.20	19.53%
40	Andhra Pradesh Grameena Vikas Bank	15.18	77.12%	16.65%	6.23%	0.19	19.43%
41	Pragathi Krishna Gramin Bank	15.16	86.80%	12.30%	0.90%	0.84	84.10%
42	Saraswat Bank	15.11	95.46%	4.00%	0.54%	0.83	82.85%
43	Rajasthan Marudhara Gramin Bank	12.45	71.92%	12.81%	15.27%	0.09	8.64%
44	Kerala Gramin Bank	11.85	88.50%	11.14%	0.36%	0.95	95.24%
45	ESAF Small Finance Bank Ltd.	10.85	89.61%	8.71%	1.68%	0.87	87.40%
46	Andhra Pragathi Grameena Bank	10.11	73.28%	16.67%	10.04%	0.43	43.37%
47	RBL Bank	9.75	91.83%	7.37%	0.80%	0.89	88.71%
48	Sarva Haryana Gramin Bank	9.22	86.58%	9.20%	4.22%	0.85	85.18%
49	Baroda Rajasthan Kshetriya Gramin Bank	7.84	81.13%	10.56%	8.32%	0.28	27.94%
50	Baroda UP Gramin Bank	7.82	84.01%	10.99%	5.01%	0.46	46.32%

UPI Top 50 Member Beneficiary Performance (Oct'22)

UPI Beneficiary Banks - Top 50 Banks (Oct'22)
Sr.No.	UPI Beneficiary Banks (Oct-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1,614.03	99.67%	0.33%	0.01%	0.00%
2	Yes Bank Ltd	1,219.77	99.79%	0.03%	0.13%	0.05%
3	State Bank Of India	889.56	98.90%	0.23%	0.81%	0.05%
4	Axis Bank Ltd	542.37	99.89%	0.09%	0.01%	0.01%
5	ICICI Bank	492.94	99.32%	0.34%	0.26%	0.08%
6	HDFC Bank Ltd	373.70	99.20%	0.66%	0.10%	0.04%
7	Bank of Baroda	240.33	99.39%	0.26%	0.28%	0.07%
8	Union Bank of India	227.13	98.72%	0.28%	0.82%	0.18%
9	Canara Bank	172.30	99.48%	0.40%	0.06%	0.05%
10	Punjab National Bank	167.71	98.57%	0.57%	0.52%	0.34%
11	Federal Bank	165.64	99.61%	0.30%	0.08%	0.01%
12	Kotak Mahindra Bank	154.56	99.26%	0.62%	0.07%	0.05%
13	Bank of India	134.01	98.83%	0.26%	0.76%	0.15%
14	Indian Bank	92.72	98.59%	0.37%	0.79%	0.25%
15	Airtel Payments Bank	83.12	94.81%	0.47%	3.55%	1.17%
16	IndusInd Bank	63.42	99.09%	0.45%	0.29%	0.17%
17	Central Bank Of India	62.34	95.82%	0.62%	2.62%	0.94%
18	India Post Payment Bank	54.32	96.43%	0.98%	2.37%	0.22%
19	IDBI Bank Limited	50.52	98.82%	0.43%	0.49%	0.26%
20	Indian Overseas Bank	49.89	99.04%	0.28%	0.42%	0.26%
21	UCO Bank	44.71	97.88%	0.70%	1.05%	0.37%
22	Bank of Maharashtra	39.90	98.36%	0.29%	1.17%	0.18%
23	IDFC FIRST Bank	36.93	93.33%	1.04%	5.01%	0.62%
24	Karnataka Bank	30.03	94.35%	0.70%	4.14%	0.82%
25	Karur Vysya Bank	25.04	99.21%	0.60%	0.15%	0.04%
26	South Indian Bank	20.80	99.25%	0.65%	0.09%	0.01%
27	Bandhan Bank	19.75	96.79%	0.39%	2.74%	0.08%
28	Fino Payments Bank	19.50	96.03%	2.29%	1.30%	0.38%
29	AU small Finance Bank	16.05	97.86%	1.70%	0.25%	0.19%
30	Citibank	2.54	97.38%	1.97%	0.42%	0.23%
31	City Union Bank	12.82	98.45%	0.89%	0.57%	0.09%
32	Tamilnad Mercantile Bank	11.70	99.39%	0.27%	0.30%	0.04%
33	Ujjivan Small Finance Bank	11.20	94.52%	0.28%	4.91%	0.29%
34	Equitas Small Finance Bank	10.73	94.69%	1.71%	2.93%	0.67%
35	Pragathi Krishna Gramin Bank	8.76	98.92%	0.46%	0.34%	0.28%
36	Punjab and Sind Bank	8.71	92.64%	0.23%	5.73%	1.40%
37	YES Bank - Amazon pay	7.97	100.00%	0.00%	0.00%	0.00%
38	Jammu and Kashmir Bank	8.13	96.36%	0.62%	2.89%	0.13%
39	Kerala Gramin Bank	7.72	99.06%	0.67%	0.11%	0.16%
40	Andhra Pradesh Grameena Vikas Bank	7.59	93.00%	2.66%	3.02%	1.32%
41	DBS Bank Ltd	6.82	97.40%	1.37%	0.97%	0.25%
42	Maharashtra Gramin Bank	7.43	86.96%	4.39%	7.12%	1.53%
43	ESAF Small Finance Bank Ltd.	6.42	99.13%	0.22%	0.58%	0.07%
44	Saraswat Bank	6.20	99.25%	0.20%	0.50%	0.05%
45	Rajasthan Marudhara Gramin Bank	6.42	89.36%	0.39%	8.43%	1.82%
46	RBL Bank	5.95	98.14%	1.33%	0.46%	0.07%
47	Baroda UP Gramin Bank	5.63	92.88%	2.36%	4.19%	0.58%
48	Andhra Pragathi Grameena Bank	5.56	89.78%	1.62%	7.08%	1.52%
49	Sarva Haryana Gramin Bank	5.15	84.50%	0.42%	14.93%	0.14%
50	Baroda Rajasthan Kshetriya Gramin Bank	4.60	90.68%	2.05%	6.45%	0.82%

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'22)

UPI Apps (Oct'22)
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	9.44	775.04	-	-	0.00	0.00	0.00	0.14	9.44	775.19
2	Allahabad Bank Apps	0.03	9.33	-	-	-	-	-	-	0.03	9.33
3	Amazon Pay	56.42	6,060.50	-	-	-	-	-	-	56.42	6,060.50
4	AU Small Finance Bank Apps	0.54	161.99	-	-	-	-	-	-	0.54	161.99
5	Axis Bank Apps	7.83	1,502.28	52.13	51.48	0.03	2.09	-	-	59.99	1,555.84
6	Bajaj Finserv	4.12	472.71	-	-	-	-	-	-	4.12	472.71
7	Bank of Baroda Apps	1.23	466.23	-	-	0.00	0.00	-	-	1.23	466.23
8	Bank of India Apps	0.20	59.97	-	-	-	-	-	-	0.20	59.97
9	Bank of Maharashtra Apps	0.07	20.10	-	-	-	-	-	-	0.07	20.10
10	BHIM	25.49	8,523.17	-	-	-	-	-	-	25.49	8,523.17
11	Canara Bank Apps	0.81	219.07	-	-	-	-	-	-	0.81	219.07
12	Central Bank of India Apps	0.30	71.64	-	-	0.00	0.02	-	-	0.30	71.66
13	Citi Bank Apps	0.09	66.83	-	-	0.00	0.00	-	-	0.09	66.83
14	City Union Bank Apps	0.04	12.85	-	-	-	-	-	-	0.04	12.85
15	Cointab	0.03	11.67	-	-	-	-	-	-	0.03	11.67
16	Cred	21.28	20,259.70	-	-	-	-	-	-	21.28	20,259.70
17	DBS Digibank Apps	0.43	179.26	-	-	0.00	0.00	-	-	0.43	179.26
18	Deutsche Bank Apps	1.25	111.93	-	-	0.00	0.01	-	-	1.26	111.93
19	Dhanlaxmi Bank Apps	0.01	3.21	-	-	-	-	-	-	0.01	3.21
20	Equitas Small Finance Bank Apps	0.02	8.28	-	-	-	-	-	-	0.02	8.28
21	Fampay PPI	4.06	56.79	-	-	0.00	0.01	-	-	4.06	56.79
22	Fave	0.04	2.53	-	-	-	-	-	-	0.04	2.53
23	Federal Bank Apps	4.19	574.92	-	-	0.00	0.00	-	-	4.19	574.92
24	Fino Payments bank Apps	0.09	6.46	-	-	-	-	-	-	0.09	6.46
25	GoIbibo	0.01	1.84	-	-	-	-	-	-	0.01	1.84
26	Google Pay	2,496.42	4,20,978.38	-	-	-	-	-	-	2,496.42	4,20,978.38
27	HDFC Bank Apps	11.96	2,997.27	-	-	0.00	0.03	-	-	11.96	2,997.29
28	HSBC Bank Apps	0.14	77.42	0.00	0.38	0.00	0.00	-	-	0.14	77.80
29	ICICI Bank Apps	31.22	8,073.99	5.04	381.41	5.34	6,074.12	-	-	41.61	14,529.52
30	IDBI Bank Apps	0.06	25.92	-	-	-	-	-	-	0.06	25.92
31	IDFC Bank Apps	9.98	888.44	-	-	0.00	0.00	-	-	9.98	888.45
32	India Post Payments Bank Apps	4.70	630.43	-	-	-	-	-	-	4.70	630.43
33	Indian Bank Apps	0.23	68.97	-	-	-	-	-	-	0.23	68.97
34	Indian Overseas Bank Apps	0.01	4.72	-	-	-	-	-	-	0.01	4.72
35	IndusInd Bank Apps	1.15	1,516.68	-	-	-	-	-	-	1.15	1,516.68
36	Janata Sahakari Bank Apps	0.01	4.80	-	-	-	-	-	-	0.01	4.80
37	Jio Payments Bank Apps	1.38	98.87	-	-	-	-	-	-	1.38	98.87
38	Jupiter	2.18	280.43	-	-	-	-	-	-	2.18	280.43
39	Karnataka Bank Apps	0.43	76.62	-	-	-	-	-	-	0.43	76.62
40	Karur Vysya Bank Apps	0.04	17.62	-	-	-	-	-	-	0.04	17.62
41	Kotak Mahindra Bank Apps	11.46	2,426.65	-	-	0.00	0.00	-	-	11.46	2,426.65
42	MakeMyTrip	0.07	31.85	-	-	-	-	-	-	0.07	31.85
43	Mobikwik	3.28	708.12	-	-	-	-	-	-	3.28	708.12
44	NSDL Payments Bank Apps	0.02	3.13	-	-	-	-	-	-	0.02	3.13
45	Paytm Payments Bank App	995.34	1,12,062.51	4.90	14.36	0.43	541.32	108.92	21,002.36	1,109.60	1,33,620.54
46	PhonePe	3,452.87	5,93,759.02	-	-	-	-	-	-	3,452.87	5,93,759.02
47	Punjab National Bank Apps	0.15	62.77	-	-	-	-	-	-	0.15	62.77
48	Punjab Sind Bank Apps	0.02	8.05	-	-	-	-	-	-	0.02	8.05
49	RBL Bank Apps	1.07	243.44	0.00	0.01	0.01	1.71	-	-	1.08	245.16
50	Samsung Pay	5.09	554.33	-	-	-	-	-	-	5.09	554.33
51	South Indian Bank Apps	0.19	58.20	-	-	-	-	-	-	0.19	58.20
52	Standard Chartered Bank Apps	0.15	86.63	0.07	2.29	-	-	-	-	0.22	88.92
53	State Bank of India Apps	4.10	1,936.72	-	-	0.00	0.01	-	-	4.10	1,936.72
54	Tamilnad Mercantile Bank Apps	0.06	9.81	-	-	-	-	-	-	0.06	9.81
55	TataNeu	0.14	18.30	-	-	-	-	-	-	0.14	18.30
56	TJSB Bank Apps	0.01	1.86	-	-	-	-	-	-	0.01	1.86
57	UCO Bank Apps	0.28	80.38	-	-	-	-	-	-	0.28	80.38
58	Ultracash	0.02	0.24	-	-	-	-	-	-	0.02	0.24
59	Union Bank Apps	0.82	290.75	-	-	-	-	-	-	0.82	290.75
60	Utkarsh Small Finance Bank Apps	0.02	6.31	-	-	-	-	-	-	0.02	6.31
61	WhatsApp	8.38	708.56	-	-	-	-	-	-	8.38	708.56
62	Yes Bank Apps	55.43	15,984.43	-	-	0.52	86.46	-	-	55.94	16,070.88
63	Others	0.02	5.87	-	-	-	-	-	-	0.02	5.87

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'22	7,305.42	12,11,582.51	3,436.66	9,28,872.06	3,868.76	2,82,710.45

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 Payer PSP Performance

UPI Payer PSP Performance (Oct'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,655.79	98.20%	1.80%	0.00%
2	Axis Bank Ltd	1,195.53	98.23%	1.77%	0.00%
3	ICICI Bank	1,075.20	98.33%	1.66%	0.00%
4	Paytm Payments Bank	1,019.37	98.17%	1.83%	0.01%
5	State Bank Of India	735.35	98.14%	1.86%	0.00%
6	HDFC Bank Ltd	669.66	98.82%	1.18%	0.00%
7	BHIM	27.30	93.36%	6.62%	0.02%
8	IDFC FIRST Bank	14.61	96.53%	3.44%	0.03%
9	Kotak Mahindra Bank	11.80	97.12%	2.88%	0.00%
10	Airtel Payments Bank	9.88	95.53%	4.43%	0.04%
11	India Post Payment Bank	4.83	97.37%	2.61%	0.02%
12	Federal Bank	4.34	97.14%	2.85%	0.01%
13	Jio Payments Bank	1.47	94.35%	5.45%	0.20%
14	RBL Bank	1.42	97.93%	2.07%	0.00%
15	Bank of Baroda	1.34	92.14%	7.85%	0.01%

UPI Payee PSP Performance

UPI Payee PSP Performance (Oct'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,692.58	99.47%	0.51%	0.02%
2	Paytm Payments Bank	1,630.83	99.74%	0.26%	0.00%
3	Axis Bank Ltd	876.23	99.37%	0.60%	0.03%
4	ICICI Bank	794.28	99.60%	0.39%	0.01%
5	HDFC Bank Ltd	385.84	98.95%	1.01%	0.04%
6	State Bank Of India	326.97	99.45%	0.48%	0.06%
7	Federal Bank	112.50	97.78%	2.12%	0.10%
8	IndusInd Bank	29.66	97.61%	1.95%	0.45%
9	Kotak Mahindra Bank	27.28	99.56%	0.42%	0.03%
10	Airtel Payments Bank	14.99	98.92%	0.89%	0.18%
11	IDFC FIRST Bank	14.82	96.31%	2.36%	1.33%
12	Citibank	11.40	98.63%	1.24%	0.13%
13	BHIM	9.52	97.85%	2.08%	0.07%
14	Cosmos Bank	9.03	92.41%	7.23%	0.36%
15	Bank of Baroda	7.51	99.42%	0.46%	0.12%

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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Merchant Category Classification - October 22

UPI Merchant Category-wise Classification - October'22
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	4814	Telecommunication services, including local and long distance calls, credit card calls, calls through use of magnetic stripe reading telephones and faxes
	5812	Eating places and restaurants
	7299	Miscellaneous personal services not elsewhere classified
	5816	Digital Goods – Games
	5541	Service stations (with or without ancillary services)
	5814	Fast food restaurants
	5499	Miscellaneous food shops convenience and speciality retail outlets
	5311	Department stores
	5912	Drug stores and pharmacies
Medium Transacting Categories	5999	Miscellaneous and speciality retail outlets
	5462	Bakeries
	5399	Miscellaneous general merchandise
	4900	Utilities - electric, gas, water and sanitary
	7322	Debt collection agencies
	6540	Debit card to wallet credit (Wallet top up)*
	5813	Drinking places (alcoholic beverages) - bars, taverns, night-clubs, cocktail lounges and discothèques
	5451	Dairies
	6012	Financial institutions - merchandise and services
	5699	Miscellaneous apparel and accessory shops
All Other Categories	7399	Business services not elsewhere classified
	4899	Cable and other pay television services
	4214	Motor freight carriers and trucking - local and long distance, moving and storage companies and local delivery
	5732	Electronics shops
	6211	Securities - brokers and dealers
	9399	Government services - not elsewhere classified
	8999	Professional services not elsewhere classified
	5422	Freezer and locker meat provisioners
	7230	Beauty and barber shops
	Others

Glossary

Category classification is made in terms of Approved UPI transaction Volume.
High Transacting Categories: Top 10 MCCs
Medium Transacting Categories: Next 10 MCCs
All Other Categories: Next 9 MCCs along with all other MCCs clubbed under 'Others'
MCC Description is with reference to ISO 18245:2003 standard

UPI Top 50 Member Remitter Performance (Sep'22)

UPI Remitter Banks - Top 50 Banks (Sep'22)
Sr. No.	UPI Remitter Banks (Sep-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,865.75	90.39%	6.77%	2.84%	11.29	84.70%
2	HDFC Bank Ltd	610.12	94.46%	5.41%	0.13%	2.39	98.02%
3	Bank of Baroda	450.27	92.95%	6.80%	0.24%	1.69	97.38%
4	Union Bank of India	420.12	90.65%	7.79%	1.56%	1.95	63.86%
5	ICICI Bank	370.12	94.07%	4.86%	1.06%	1.35	82.90%
6	Axis Bank Ltd	344.25	95.55%	4.36%	0.09%	1.07	85.73%
7	Paytm Payments Bank	340.75	95.83%	4.13%	0.04%	0.78	96.59%
8	Punjab National Bank	318.28	91.99%	5.65%	2.35%	2.77	77.72%
9	Canara Bank	305.88	90.83%	7.01%	2.16%	2.20	81.45%
10	Kotak Mahindra Bank	300.14	93.56%	5.65%	0.79%	1.20	93.25%
11	Bank of India	236.49	94.42%	4.71%	0.87%	0.98	75.37%
12	Indian Bank	175.26	91.75%	5.94%	2.31%	1.06	72.57%
13	Airtel Payments Bank	131.86	78.70%	18.19%	3.11%	0.69	65.62%
14	India Post Payment Bank	119.05	65.85%	25.08%	9.07%	0.60	44.49%
15	Central Bank Of India	114.42	85.79%	9.92%	4.29%	0.85	37.93%
16	Federal Bank	111.27	94.17%	5.54%	0.29%	0.44	91.32%
17	Yes Bank Ltd	99.75	90.60%	9.12%	0.28%	0.00	0.00%
18	IDBI Bank Limited	91.74	94.52%	4.12%	1.36%	0.51	82.09%
19	Indian Overseas Bank	88.59	93.81%	5.36%	0.83%	0.47	94.43%
20	Bank of Maharashtra	83.51	89.86%	6.31%	3.83%	0.52	61.31%
21	UCO Bank	79.57	90.40%	6.21%	3.39%	0.54	47.69%
22	IndusInd Bank	61.95	92.65%	6.92%	0.43%	0.27	84.22%
23	Karnataka Bank	60.11	86.87%	7.17%	5.96%	0.22	24.61%
24	IDFC FIRST Bank	50.04	90.32%	5.89%	3.78%	0.16	36.19%
25	Fino Payments Bank	49.90	77.01%	15.14%	7.85%	0.81	72.43%
26	Karur Vysya Bank	38.75	91.71%	7.47%	0.82%	0.19	87.45%
27	Bandhan Bank	32.04	76.81%	19.57%	3.63%	0.35	88.01%
28	South Indian Bank	28.73	93.47%	6.40%	0.13%	0.08	89.45%
29	Equitas Small Finance Bank	22.35	77.94%	13.56%	8.50%	0.18	52.40%
30	City Union Bank	21.09	92.20%	6.77%	1.03%	0.08	95.35%
31	Ujjivan Small Finance Bank	18.79	86.62%	7.05%	6.33%	0.10	46.98%
32	AU small Finance Bank	18.54	91.06%	6.29%	2.66%	0.00	0.07%
33	Punjab and Sind Bank	18.02	88.30%	10.84%	0.86%	0.10	73.20%
34	Jammu and Kashmir Bank	17.61	89.86%	7.12%	3.02%	0.11	73.74%
35	Citibank	17.22	95.43%	4.03%	0.54%	0.05	89.64%
36	Tamilnad Mercantile Bank	17.19	92.41%	7.45%	0.14%	0.04	77.82%
37	Standard Chartered	16.99	96.09%	2.82%	1.09%	0.07	84.82%
38	DBS Bank Ltd	16.59	94.33%	4.72%	0.96%	0.07	93.51%
39	Maharashtra Gramin Bank	16.48	58.81%	22.10%	19.09%	0.04	6.69%
40	Andhra Pradesh Grameena Vikas Bank	15.32	66.53%	19.54%	13.93%	0.07	10.73%
41	Pragathi Krishna Gramin Bank	15.28	83.90%	12.18%	3.92%	0.13	72.67%
42	Saraswat Bank	13.30	95.98%	3.71%	0.31%	0.04	92.15%
43	ESAF Small Finance Bank Ltd.	11.74	73.49%	25.05%	1.46%	0.06	86.86%
44	Rajasthan Marudhara Gramin Bank	11.61	75.00%	11.50%	13.50%	0.04	8.06%
45	Kerala Gramin Bank	10.72	86.06%	11.28%	2.66%	0.05	60.99%
46	Sarva Haryana Gramin Bank	10.24	70.80%	21.62%	7.58%	0.09	74.70%
47	Andhra Pragathi Grameena Bank	9.35	75.51%	15.02%	9.47%	0.25	84.78%
48	RBL Bank	9.00	89.83%	8.40%	1.77%	0.06	80.10%
49	Baroda UP Gramin Bank	7.74	72.18%	10.69%	17.13%	0.06	46.25%
50	Baroda Rajasthan Kshetriya Gramin Bank	7.27	87.24%	9.01%	3.74%	0.04	56.52%

UPI Top 50 Member Beneficiary Performance (Sep'22)

UPI Beneficiary Banks - Top 50 Banks (Sep'22)
Sr.No.	UPI Beneficiary Banks (Sep-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1536.46	99.73%	0.26%	0.01%	0.00%
2	Yes Bank Ltd	1067.95	99.92%	0.06%	0.01%	0.03%
3	State Bank Of India	841.59	97.87%	0.26%	1.87%	0.11%
4	Axis Bank Ltd	504.89	99.76%	0.19%	0.05%	0.03%
5	ICICI Bank	455.34	99.32%	0.40%	0.28%	0.15%
6	HDFC Bank Ltd	350.77	98.98%	0.97%	0.05%	0.05%
7	Bank of Baroda	225.52	99.63%	0.30%	0.07%	0.13%
8	Union Bank of India	213.97	98.81%	0.29%	0.89%	0.22%
9	Canara Bank	162.67	98.11%	0.41%	1.48%	0.39%
10	Punjab National Bank	158.47	97.64%	0.66%	1.70%	0.35%
11	Federal Bank	154.93	99.50%	0.26%	0.24%	0.06%
12	Kotak Mahindra Bank	141.75	99.02%	0.60%	0.38%	0.32%
13	Bank of India	126.11	99.06%	0.29%	0.65%	0.14%
14	Airtel Payments Bank	89.35	97.35%	0.59%	2.06%	0.73%
15	Indian Bank	88.20	98.14%	0.30%	1.56%	0.43%
16	Central Bank Of India	58.34	96.79%	0.69%	2.51%	0.91%
17	IndusInd Bank	57.36	98.55%	1.09%	0.36%	0.21%
18	IDBI Bank Limited	48.17	98.49%	0.46%	1.05%	0.21%
19	Indian Overseas Bank	47.38	99.43%	0.27%	0.30%	0.24%
20	India Post Payment Bank	47.08	95.95%	1.09%	2.96%	0.23%
21	UCO Bank	42.56	97.31%	0.75%	1.94%	0.56%
22	Bank of Maharashtra	37.56	96.63%	0.26%	3.11%	0.87%
23	IDFC FIRST Bank	34.23	92.55%	2.66%	4.79%	0.71%
24	Karnataka Bank	29.06	95.17%	0.60%	4.22%	0.99%
25	Karur Vysya Bank	24.14	99.28%	0.33%	0.38%	0.10%
26	South Indian Bank	19.51	99.35%	0.58%	0.07%	0.03%
27	Bandhan Bank	18.89	95.56%	0.43%	4.01%	0.31%
28	Fino Payments Bank	17.75	92.59%	2.45%	4.96%	1.15%
29	AU small Finance Bank	15.13	96.76%	1.60%	1.64%	0.58%
30	Citibank	10.48	99.92%	0.00%	0.08%	0.24%
31	City Union Bank	12.28	98.49%	0.85%	0.66%	0.07%
32	Tamilnad Mercantile Bank	11.00	99.67%	0.26%	0.07%	0.03%
33	Equitas Small Finance Bank	10.75	92.70%	1.76%	5.55%	0.61%
34	Ujjivan Small Finance Bank	10.74	93.31%	0.29%	6.40%	0.50%
35	Punjab and Sind Bank	8.91	98.90%	0.24%	0.86%	0.22%
36	Pragathi Krishna Gramin Bank	8.58	98.38%	0.40%	1.22%	0.57%
37	Jammu and Kashmir Bank	7.44	96.94%	0.71%	2.35%	0.14%
38	Andhra Pradesh Grameena Vikas Bank	7.32	86.95%	4.60%	8.45%	2.93%
39	Maharashtra Gramin Bank	7.26	82.94%	1.73%	15.33%	3.15%
40	Kerala Gramin Bank	7.01	98.43%	0.70%	0.87%	0.51%
41	DBS Bank Ltd	6.66	96.97%	1.70%	1.33%	0.09%
42	Rajasthan Marudhara Gramin Bank	6.04	93.65%	0.43%	5.92%	1.93%
43	ESAF Small Finance Bank Ltd.	5.92	99.08%	0.21%	0.71%	0.07%
44	RBL Bank	5.70	97.13%	1.83%	1.04%	0.17%
45	Saraswat Bank	5.67	99.53%	0.20%	0.27%	0.02%
46	Baroda UP Gramin Bank	5.46	82.65%	2.22%	15.13%	0.72%
47	Andhra Pragathi Grameena Bank	5.25	93.77%	0.20%	6.03%	2.40%
48	Sarva Haryana Gramin Bank	4.90	84.17%	0.47%	15.36%	0.38%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.31	95.09%	2.05%	2.86%	0.32%
50	Karnataka Vikas Grameena Bank	3.83	93.53%	0.68%	4.53%	1.26%

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'22)

UPI Apps (Sep'22)
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	9.14	680.76	-	-	0.00	0.02	0.00	0.11	9.15	680.89
2	Allahabad Bank Apps	0.03	8.10	-	-	-	-	-	-	0.03	8.10
3	Amazon Pay	57.38	6,015.31	-	-	-	-	-	-	57.38	6,015.31
4	AU Small Finance Bank Apps	0.48	148.90	-	-	-	-	-	-	0.48	148.90
5	Axis Bank Apps	7.46	1,421.09	50.24	46.13	0.02	1.85	-	-	57.72	1,469.07
6	Bajaj Finserv	3.29	234.81	-	-	-	-	-	-	3.29	234.81
7	Bajaj Markets	0.01	1.38	-	-	-	-	-	-	0.01	1.38
8	Bandhan Bank Apps	0.01	1.88	-	-	-	-	-	-	0.01	1.88
9	Bank of Baroda Apps	1.11	443.84	-	-	0.00	0.00	-	-	1.11	443.85
10	Bank of India Apps	0.18	54.59	-	-	-	-	-	-	0.18	54.59
11	Bank of Maharashtra Apps	0.07	17.23	-	-	-	-	-	-	0.07	17.23
12	BHIM	25.17	8,308.65	-	-	-	-	-	-	25.17	8,308.65
13	Canara Bank Apps	0.78	207.18	-	-	0.00	0.00	-	-	0.78	207.18
14	Central Bank of India Apps	0.28	68.37	-	-	0.00	0.01	-	-	0.28	68.38
15	Citi Bank Apps	0.10	67.00	-	-	0.00	0.00	-	-	0.10	67.00
16	City Union Bank Apps	0.04	12.45	-	-	-	-	-	-	0.04	12.45
17	Cointab	0.04	19.35	-	-	-	-	-	-	0.04	19.35
18	Cred	14.96	19,237.92	-	-	-	-	-	-	14.96	19,237.92
19	DBS Digibank Apps	0.43	176.91	-	-	-	-	-	-	0.43	176.91
20	Deutsche Bank Apps	1.58	98.43	-	-	0.00	0.01	-	-	1.58	98.43
21	Dhanlaxmi Bank Apps	0.01	2.87	-	-	-	-	-	-	0.01	2.87
22	Equitas Small Finance Bank Apps	0.02	8.76	-	-	-	-	-	-	0.02	8.76
23	Fave	0.08	4.40	-	-	-	-	-	-	0.08	4.40
24	Federal Bank Apps	3.84	549.95	-	-	0.00	0.00	-	-	3.84	549.95
25	Fino Payments bank Apps	0.08	5.66	-	-	-	-	-	-	0.08	5.66
26	GoIbibo	0.01	3.58	-	-	-	-	-	-	0.01	3.58
27	Google Pay	2,296.14	387,996.14	-	-	-	-	-	-	2,296.14	387,996.14
28	Groww	0.11	68.03	-	-	-	-	-	-	0.11	68.03
29	HDFC Bank Apps	10.98	2,686.10	-	-	-	-	-	-	10.98	2,686.10
30	HSBC Bank Apps	0.12	70.14	0.00	0.43	0.00	0.00	-	-	0.12	70.56
31	ICICI Bank Apps	26.54	6,862.50	4.84	366.84	3.45	3,172.47	-	-	34.84	10,401.81
32	IDBI Bank Apps	0.05	24.18	-	-	-	-	-	-	0.05	24.18
33	IDFC Bank Apps	11.53	824.51	-	-	0.00	0.01	-	-	11.53	824.52
34	India Post Payments Bank Apps	5.22	572.75	-	-	-	-	-	-	5.22	572.75
35	Indian Bank Apps	0.21	63.62	-	-	0.00	1.96	-	-	0.21	65.58
36	Indian Overseas Bank Apps	0.02	4.79	-	-	-	-	-	-	0.02	4.79
37	IndusInd Bank Apps	1.04	1,439.51	-	-	-	-	-	-	1.04	1,439.51
38	Janata Sahakari Bank Apps	0.01	4.42	-	-	-	-	-	-	0.01	4.42
39	Jio Payments Bank Apps	1.40	90.36	-	-	-	-	-	-	1.40	90.36
40	Jupiter	2.09	259.71	-	-	-	-	-	-	2.09	259.71
41	Karnataka Bank Apps	0.40	63.84	-	-	-	-	-	-	0.40	63.84
42	Karur Vysya Bank Apps	0.04	16.74	-	-	-	-	-	-	0.04	16.74
43	Kotak Mahindra Bank Apps	10.52	2,230.60	-	-	0.00	0.00	-	-	10.52	2,230.61
44	MakeMyTrip	0.10	47.83	-	-	-	-	-	-	0.10	47.83
45	MI Pay	0.03	3.87	-	-	-	-	-	-	0.03	3.87
46	Mobikwik	3.04	632.71	-	-	-	-	-	-	3.04	632.71
47	NSDL Payments Bank Apps	0.02	2.79	-	-	-	-	-	-	0.02	2.79
48	Paytm Payments Bank App	924.77	101,163.26	2.92	9.55	0.40	489.04	109.10	19,143.49	1,037.20	120,805.34
49	PhonePe	3,216.78	549,583.77	-	-	-	-	-	-	3,216.78	549,583.77
50	Punjab National Bank Apps	0.13	59.01	-	-	-	-	-	-	0.13	59.01
51	Punjab Sind Bank Apps	0.02	6.88	-	-	-	-	-	-	0.02	6.88
52	RBL Bank Apps	0.96	199.70	-	-	0.03	1.21	-	-	0.99	200.91
53	Samsung Pay	4.55	495.89	-	-	-	-	-	-	4.55	495.89
54	South Indian Bank Apps	0.17	56.54	-	-	-	-	-	-	0.17	56.54
55	Standard Chartered Bank Apps	0.14	78.49	0.00	0.00	0.00	0.01	-	-	0.14	78.50
56	State Bank of India Apps	3.57	1,818.89	-	-	-	-	-	-	3.57	1,818.89
57	Tamilnad Mercantile Bank Apps	0.06	9.21	-	-	-	-	-	-	0.06	9.21
58	TataNeu	0.13	17.23	-	-	-	-	-	-	0.13	17.23
59	TJSB Bank Apps	0.01	2.06	-	-	-	-	-	-	0.01	2.06
60	UCO Bank Apps	0.26	75.02	-	-	-	-	-	-	0.26	75.02
61	Ultracash	0.01	0.70	-	-	-	-	-	-	0.01	0.70
62	Union Bank Apps	0.55	237.54	-	-	-	-	-	-	0.55	237.54
63	Utkarsh Small Finance Bank Apps	0.02	5.59	-	-	-	-	-	-	0.02	5.59
64	WhatsApp	7.43	631.63	-	-	-	-	-	-	7.43	631.63
65	Yes Bank Apps	60.80	14,034.34	-	-	2.30	2,103.46	-	-	63.10	16,137.80
66	Others	0.01	4.85	-	-	-	-	-	-	0.01	4.85

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'22	6,780.80	11,16,438.10	3,233.61	8,62,049.27	3,547.19	2,54,388.83

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 Payer PSP Performance

UPI Payer PSP Performance (Sep'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,487.88	98.13%	1.87%	0.00%
2	Axis Bank Ltd	1089.86	98.29%	1.70%	0.01%
3	ICICI Bank	1000.85	98.34%	1.65%	0.00%
4	Paytm Payments Bank	944.30	98.28%	1.71%	0.01%
5	State Bank Of India	659.01	98.31%	1.68%	0.01%
6	HDFC Bank Ltd	638.28	98.82%	1.18%	0.00%
7	BHIM	27.00	93.20%	6.78%	0.02%
8	IDFC FIRST Bank	12.11	96.03%	3.95%	0.02%
9	Kotak Mahindra Bank	10.84	97.12%	2.88%	0.00%
10	Airtel Payments Bank	9.53	96.00%	3.95%	0.06%
11	India Post Payment Bank	5.35	97.54%	2.43%	0.02%
12	Federal Bank	4.01	96.88%	3.11%	0.00%
13	Deutsche Bank	1.59	99.93%	0.07%	0.00%
14	Jio Payments Bank	1.49	94.39%	5.35%	0.26%
15	RBL Bank	1.25	98.28%	1.72%	0.01%

UPI Payee PSP Performance

UPI Payee PSP Performance (Sep'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,488.68	99.58%	0.38%	0.05%
2	Paytm Payments Bank	1,537.12	99.63%	0.36%	0.01%
3	Axis Bank Ltd	802.88	99.02%	0.75%	0.24%
4	ICICI Bank	728.20	99.48%	0.47%	0.05%
5	HDFC Bank Ltd	365.70	98.99%	0.98%	0.03%
6	State Bank Of India	301.37	99.23%	0.59%	0.18%
7	Federal Bank	104.12	97.88%	2.07%	0.05%
8	IndusInd Bank	25.45	97.78%	1.65%	0.58%
9	Airtel Payments Bank	25.23	99.40%	0.50%	0.10%
10	Kotak Mahindra Bank	23.55	99.40%	0.49%	0.10%
11	IDFC FIRST Bank	13.91	96.70%	1.70%	1.61%
12	Citibank	10.60	98.98%	0.84%	0.18%
13	BHIM	8.98	97.72%	2.20%	0.08%
14	Bank of Baroda	6.44	99.80%	0.16%	0.04%
15	AU small Finance Bank	5.07	97.22%	2.24%	0.54%

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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Merchant Category Classification - September 22

UPI Merchant Category-wise Classification - September'22
Type	MCC	Description
High Transacting Categories	5411	Groceries And Supermarkets
	4814	Telecommunication services, including local and long distance calls, credit card calls, calls through use of magnetic stripe reading telephones and faxes
	5812	Eating places and restaurants
	7299	Miscellaneous personal services not elsewhere classified
	5816	Digital Goods – Games
	5541	Service stations (with or without ancillary services)
	5814	Fast food restaurants
	5499	Miscellaneous food shops convenience and speciality retail outlets
	5912	Drug stores and pharmacies
	5999	Miscellaneous and speciality retail outlets
Medium Transacting Categories	5311	Department stores
	5462	Bakeries
	5399	Miscellaneous general merchandise
	4900	Utilities - electric, gas, water and sanitary
	6540	Debit card to wallet credit (Wallet top up)
	7322	Debt collection agencies
	5451	Dairies
	5813	Drinking places (alcoholic beverages) - bars, taverns, night-clubs, cocktail lounges and discothèques
	6012	Financial institutions - merchandise and services
	6211	Securities - brokers and dealers
All Other Categories	4899	Cable and other pay television services
	5699	Miscellaneous apparel and accessory shops
	7399	Business services not elsewhere classified
	4214	Motor freight carriers and trucking - local and long distance, moving and storage companies and local delivery
	5732	Electronics shops
	9399	Government services - not elsewhere classified
	8999	Professional services not elsewhere classified
	5422	Freezer and locker meat provisioners
	4784	Tolls and bridge fees
	Others

Glossary

Category classification is made in terms of Approved UPI transaction Volume.
High Transacting Categories: Top 10 MCCs
Medium Transacting Categories: Next 10 MCCs
All Other Categories: Next 9 MCCs along with all other MCCs clubbed under 'Others'
MCC Description is with reference to ISO 18245:2003 standard

UPI Top 50 Member Remitter Performance (Aug'22)

UPI Remitter Banks - Top 50 Banks (Aug'22)
Sr. No.	UPI Remitter Banks (Aug-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1793.55	91.26%	7.23%	1.51%	8.02	91.23
2	HDFC Bank Ltd	594.28	93.45%	5.47%	1.07%	3.44	94.10
3	Bank of Baroda	432.55	93.04%	6.82%	0.13%	1.68	98.78
4	Union Bank of India	406.68	91.35%	7.55%	1.10%	1.80	69.94
5	ICICI Bank	379.89	93.84%	4.53%	1.63%	1.75	84.20
6	Axis Bank Ltd	339.15	92.64%	6.57%	0.79%	0.89	57.96
7	Paytm Payments Bank	322.02	95.64%	4.34%	0.02%	0.82	98.68
8	Punjab National Bank	305.33	92.51%	5.88%	1.61%	2.37	84.24
9	Canara Bank	297.10	91.49%	7.64%	0.87%	1.47	84.29
10	Kotak Mahindra Bank	286.52	92.74%	5.64%	1.61%	1.17	95.29
11	Bank of India	230.16	94.17%	5.30%	0.53%	0.95	83.95
12	Indian Bank	170.20	92.60%	6.32%	1.09%	0.79	85.80
13	Airtel Payments Bank	118.87	85.62%	12.63%	1.75%	0.87	73.87
14	Central Bank Of India	113.76	81.96%	10.89%	7.15%	1.22	36.67
15	Federal Bank	109.19	93.62%	6.12%	0.25%	0.41	95.97
16	India Post Payment Bank	97.79	79.57%	18.50%	1.93%	0.43	65.32
17	Yes Bank Ltd	91.23	94.40%	5.46%	0.14%	0.00	0.00
18	IDBI Bank Limited	89.05	94.88%	4.39%	0.73%	0.47	86.25
19	Indian Overseas Bank	86.15	93.59%	5.74%	0.68%	0.44	95.05
20	Bank of Maharashtra	79.97	92.55%	5.41%	2.04%	0.33	62.10
21	UCO Bank	75.13	92.71%	6.14%	1.15%	0.36	71.55
22	IndusInd Bank	59.38	93.05%	6.75%	0.20%	0.26	96.89
23	Karnataka Bank	58.99	86.01%	7.37%	6.62%	0.20	17.73
24	IDFC FIRST Bank	47.41	92.31%	5.84%	1.85%	0.19	61.57
25	Fino Payments Bank	46.31	78.41%	15.59%	6.00%	0.58	66.29
26	Karur Vysya Bank	38.25	90.97%	7.46%	1.57%	0.20	78.90
27	Bandhan Bank	29.21	85.22%	10.95%	3.82%	0.28	80.36
28	South Indian Bank	27.96	93.53%	6.09%	0.38%	0.10	96.48
29	Equitas Small Finance Bank	21.68	81.32%	15.91%	2.78%	0.11	57.95
30	City Union Bank	20.53	91.55%	7.38%	1.06%	0.08	84.35
31	Ujjivan Small Finance Bank	17.83	89.89%	7.46%	2.65%	0.09	59.23
32	AU small Finance Bank	17.57	91.98%	6.33%	1.69%	0.00	0.07
33	Citibank	17.51	94.45%	4.32%	1.24%	0.07	92.68
34	Punjab and Sind Bank	17.27	88.81%	10.33%	0.86%	0.10	76.05
35	Tamilnad Mercantile Bank	17.12	88.00%	8.69%	3.31%	0.07	49.73
36	Standard Chartered	16.91	95.44%	3.04%	1.52%	0.08	74.17
37	DBS Bank Ltd	16.88	95.16%	4.68%	0.15%	0.06	95.79
38	Jammu and Kashmir Bank	16.21	88.51%	7.03%	4.46%	0.09	70.55
39	Pragathi Krishna Gramin Bank	14.98	85.97%	11.15%	2.88%	0.11	58.44
40	Andhra Pradesh Grameena Vikas Bank	14.67	72.50%	17.13%	10.37%	0.06	10.92
41	Maharashtra Gramin Bank	14.43	71.27%	17.87%	10.86%	0.05	15.10
42	Saraswat Bank	13.33	95.67%	3.85%	0.48%	0.05	91.43
43	ESAF Small Finance Bank Ltd.	10.54	83.48%	14.05%	2.48%	0.05	63.49
44	Rajasthan Marudhara Gramin Bank	10.48	79.27%	13.28%	7.44%	0.04	16.22
45	Kerala Gramin Bank	10.22	87.57%	11.15%	1.27%	0.04	69.83
46	Andhra Pragathi Grameena Bank	9.05	79.41%	15.55%	5.04%	0.14	81.74
47	Sarva Haryana Gramin Bank	8.89	86.62%	10.36%	3.02%	0.09	75.88
48	RBL Bank	8.63	89.57%	8.10%	2.33%	0.06	82.08
49	Baroda Rajasthan Kshetriya Gramin Bank	7.52	79.06%	7.83%	13.11%	0.06	24.06
50	Baroda UP Gramin Bank	7.19	74.76%	10.31%	14.94%	0.07	23.36

UPI Top 50 Member Beneficiary Performance (Aug'22)

UPI Beneficiary Banks - Top 50 Banks (Aug'22)
Sr.No.	UPI Beneficiary Banks (Aug-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1504.63	99.79%	0.21%	0.00%	0.00%
2	Yes Bank Ltd	947.28	99.94%	0.03%	0.01%	0.01%
3	State Bank Of India	818.72	98.99%	0.27%	0.73%	0.24%
4	Axis Bank Ltd	489.54	98.29%	1.14%	0.57%	0.31%
5	ICICI Bank	456.96	99.52%	0.37%	0.11%	0.26%
6	HDFC Bank Ltd	339.50	98.79%	0.65%	0.57%	0.16%
7	Bank of Baroda	221.98	99.63%	0.32%	0.05%	0.06%
8	Union Bank of India	212.56	98.96%	0.29%	0.74%	0.13%
9	Canara Bank	160.51	99.06%	0.45%	0.49%	0.19%
10	Punjab National Bank	155.25	98.42%	0.47%	1.11%	0.29%
11	Federal Bank	152.10	99.63%	0.25%	0.11%	0.01%
12	Kotak Mahindra Bank	138.54	98.63%	0.58%	0.79%	0.54%
13	Bank of India	124.89	99.37%	0.27%	0.36%	0.08%
14	Airtel Payments Bank	89.48	98.57%	0.40%	1.03%	0.43%
15	Indian Bank	86.30	99.16%	0.21%	0.63%	0.34%
16	IndusInd Bank	68.81	99.39%	0.48%	0.13%	0.09%
17	Central Bank Of India	57.79	95.01%	0.86%	4.13%	1.19%
18	IDBI Bank Limited	47.98	99.05%	0.51%	0.43%	0.15%
19	Indian Overseas Bank	46.79	99.57%	0.27%	0.16%	0.19%
20	India Post Payment Bank	45.06	98.37%	0.63%	1.00%	0.14%
21	UCO Bank	41.37	98.32%	0.74%	0.94%	0.15%
22	Bank of Maharashtra	38.12	97.96%	0.28%	1.77%	0.44%
23	IDFC FIRST Bank	33.50	95.57%	2.80%	1.64%	0.21%
24	Karnataka Bank	29.14	95.43%	0.59%	3.98%	1.35%
25	Karur Vysya Bank	24.55	98.63%	0.31%	1.05%	0.16%
26	South Indian Bank	19.29	99.24%	0.54%	0.22%	0.02%
27	Bandhan Bank	19.07	94.23%	0.43%	5.34%	0.35%
28	Fino Payments Bank	17.03	93.55%	2.52%	3.93%	0.89%
29	AU small Finance Bank	15.10	97.77%	1.33%	0.90%	0.56%
30	Citibank	2.46	96.92%	1.98%	1.10%	0.21%
31	City Union Bank	12.26	98.64%	0.68%	0.68%	0.11%
32	Tamilnad Mercantile Bank	11.07	96.60%	0.57%	2.83%	0.29%
33	Equitas Small Finance Bank	10.53	95.66%	2.06%	2.28%	0.29%
34	Ujjivan Small Finance Bank	10.29	97.46%	0.30%	2.24%	0.27%
35	Pragathi Krishna Gramin Bank	8.71	98.31%	0.39%	1.30%	0.63%
36	Punjab and Sind Bank	8.67	98.91%	0.24%	0.84%	0.18%
37	Andhra Pradesh Grameena Vikas Bank	7.38	90.54%	4.60%	4.87%	2.64%
38	Jammu and Kashmir Bank	7.09	95.67%	0.73%	3.60%	0.17%
39	Maharashtra Gramin Bank	6.93	91.76%	1.52%	6.72%	1.56%
40	Kerala Gramin Bank	6.83	98.79%	0.63%	0.58%	0.31%
41	DBS Bank Ltd	6.76	98.00%	1.90%	0.10%	0.04%
42	ESAF Small Finance Bank Ltd.	5.98	98.52%	0.20%	1.28%	0.21%
43	Saraswat Bank	5.88	99.37%	0.20%	0.43%	0.03%
44	Rajasthan Marudhara Gramin Bank	5.76	95.79%	0.69%	3.52%	0.81%
45	RBL Bank	5.52	97.38%	1.46%	1.16%	0.16%
46	Andhra Pragathi Grameena Bank	5.20	96.80%	0.16%	3.03%	1.23%
47	Baroda UP Gramin Bank	5.19	85.92%	2.28%	11.80%	2.72%
48	Sarva Haryana Gramin Bank	4.99	86.36%	0.49%	13.16%	0.12%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.50	88.20%	1.85%	9.95%	1.88%
50	Karnataka Vikas Grameena Bank	3.74	98.10%	0.21%	1.69%	0.85%

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'22)

UPI Apps (Aug'22)
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	7.96	608.38	-	-	0.00	0.01	0.00	0.11	7.96	608.50
2	Allahabad Bank Apps	0.03	7.70	-	-	-	-	-	-	0.03	7.70
3	Amazon Pay	62.43	6,353.15	-	-	-	-	-	-	62.43	6,353.15
4	AU Small Finance Bank Apps	0.45	138.70	-	-	-	-	-	-	0.45	138.70
5	Axis Bank Apps	7.39	1,313.76	50.70	42.71	0.02	1.42	-	-	58.11	1,357.89
6	Bajaj Finserv	2.45	178.59	-	-	-	-	-	-	2.45	178.59
7	Bajaj Markets	0.02	1.58	-	-	-	-	-	-	0.02	1.58
8	Bandhan Bank Apps	0.01	1.25	-	-	-	-	-	-	0.01	1.25
9	Bank of Baroda Apps	0.99	383.42	-	-	0.00	0.00	-	-	0.99	383.43
10	Bank of India Apps	0.17	54.81	-	-	-	-	-	-	0.17	54.81
11	Bank of Maharashtra Apps	0.07	17.19	-	-	-	-	-	-	0.07	17.19
12	BHIM	24.99	7,860.48	-	-	-	-	-	-	24.99	7,860.48
13	Canara Bank Apps	0.67	176.37	-	-	-	-	-	-	0.67	176.37
14	Central Bank of India Apps	0.24	64.59	-	-	0.00	0.01	-	-	0.24	64.59
15	Citi Bank Apps	0.11	63.08	-	-	0.00	0.00	-	-	0.11	63.08
16	City Union Bank Apps	0.04	11.45	-	-	-	-	-	-	0.04	11.45
17	Cointab	0.06	24.98	-	-	-	-	-	-	0.06	24.98
18	Cred	14.81	19,084.30	-	-	-	-	-	-	14.81	19,084.30
19	DBS Digibank Apps	0.48	178.76	-	-	-	-	-	-	0.48	178.76
20	Deutsche Bank Apps	1.98	119.21	-	-	0.00	0.01	-	-	1.98	119.21
21	Dhanlaxmi Bank Apps	0.01	3.10	-	-	-	-	-	-	0.01	3.10
22	Equitas Small Finance Bank Apps	0.01	4.94	-	-	-	-	-	-	0.01	4.94
23	Fave	0.14	7.71	-	-	-	-	-	-	0.14	7.71
24	Federal Bank Apps	3.80	520.20	-	-	0.00	0.00	-	-	3.80	520.20
25	Fino Payments bank Apps	0.08	5.05	-	-	-	-	-	-	0.08	5.05
26	GoIbibo	0.01	4.82	-	-	-	-	-	-	0.01	4.82
27	Google Pay	2,212.73	371,081.16	-	-	-	-	-	-	2,212.73	371,081.16
28	Groww	0.80	490.93	-	-	-	-	-	-	0.80	490.93
29	HDFC Bank Apps	9.83	2,415.47	-	-	-	-	-	-	9.83	2,415.47
30	HSBC Bank Apps	0.11	65.70	0.00	0.44	0.00	0.00	-	-	0.11	66.14
31	ICICI Bank Apps	36.96	8,334.98	4.96	406.52	3.68	1,983.75	-	-	45.59	10,725.25
32	IDBI Bank Apps	0.04	20.31	-	-	-	-	-	-	0.04	20.31
33	IDFC Bank Apps	10.19	762.41	-	-	0.00	0.00	-	-	10.19	762.41
34	India Post Payments Bank Apps	4.30	504.41	-	-	-	-	-	-	4.30	504.41
35	Indian Bank Apps	0.22	63.10	-	-	0.00	0.23	-	-	0.22	63.33
36	Indian Overseas Bank Apps	0.01	4.66	-	-	-	-	-	-	0.01	4.66
37	IndusInd Bank Apps	1.01	1,605.56	-	-	-	-	-	-	1.01	1,605.56
38	Janata Sahakari Bank Apps	0.01	4.56	-	-	-	-	-	-	0.01	4.56
39	Jio Payments Bank Apps	1.85	113.28	-	-	-	-	-	-	1.85	113.28
40	Jupiter	2.03	249.20	-	-	-	-	-	-	2.03	249.20
41	Karnataka Bank Apps	0.38	55.32	-	-	-	-	-	-	0.38	55.32
42	Karur Vysya Bank Apps	0.04	16.54	-	-	-	-	-	-	0.04	16.54
43	Kotak Mahindra Bank Apps	9.28	1,939.14	-	-	0.00	0.00	-	-	9.28	1,939.14
44	MakeMyTrip	0.15	62.67	-	-	-	-	-	-	0.15	62.67
45	MI Pay	0.15	24.80	-	-	-	-	-	-	0.15	24.80
46	Mobikwik	2.84	562.95	-	-	-	-	-	-	2.84	562.95
47	NSDL Payments Bank Apps	0.02	2.85	-	-	-	-	-	-	0.02	2.85
48	Paytm Payments Bank App	871.86	96,034.11	4.11	10.37	0.38	458.24	110.05	17,714.37	986.39	114,217.10
49	PhonePe	3,146.71	528,433.49	-	-	-	-	-	-	3,146.71	528,433.49
50	Punjab National Bank Apps	0.09	43.41	-	-	-	-	-	-	0.09	43.41
51	Punjab Sind Bank Apps	0.01	5.25	-	-	-	-	-	-	0.01	5.25
52	RBL Bank Apps	0.82	162.46	-	-	0.01	0.56	-	-	0.82	163.02
53	Samsung Pay	4.09	468.37	-	-	-	-	-	-	4.09	468.37
54	South Indian Bank Apps	0.16	52.73	-	-	-	-	-	-	0.16	52.73
55	Standard Chartered Bank Apps	0.14	73.60	-	-	-	-	-	-	0.14	73.60
56	State Bank of India Apps	4.10	1,926.51	-	-	-	-	-	-	4.10	1,926.51
57	Tamilnad Mercantile Bank Apps	0.06	7.94	-	-	-	-	-	-	0.06	7.94
58	TataNeu	0.10	15.78	-	-	-	-	-	-	0.10	15.78
59	TJSB Bank Apps	0.01	2.20	-	-	-	-	-	-	0.01	2.20
60	UCO Bank Apps	0.25	65.69	-	-	-	-	-	-	0.25	65.69
61	Ultracash	0.02	1.54	-	-	-	-	-	-	0.02	1.54
62	Union Bank Apps	0.52	215.23	-	-	-	-	-	-	0.52	215.23
63	Utkarsh Small Finance Bank Apps	0.02	4.71	-	-	-	-	-	-	0.02	4.71
64	WhatsApp	6.72	567.17	-	-	-	-	-	-	6.72	567.17
65	Yes Bank Apps	54.60	13,008.95	-	-	3.20	3,225.97	-	-	57.80	16,234.92
66	Others	0.01	5.72	-	-	-	-	-	-	0.01	5.72

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'22	6,579.63	10,72,792.68	3,289.26	8,33,370.86	3,290.37	2,39,421.82

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 Payer PSP Performance

UPI Payer PSP Performance (Aug'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,429.37	98.31%	1.69%	0.00%
2	Axis Bank Ltd	1046.30	98.36%	1.64%	0.00%
3	ICICI Bank	968.56	98.35%	1.64%	0.00%
4	Paytm Payments Bank	893.12	98.12%	1.87%	0.01%
5	State Bank Of India	662.88	98.38%	1.61%	0.00%
6	HDFC Bank Ltd	616.31	98.77%	1.23%	0.00%
7	BHIM	26.74	93.45%	6.53%	0.02%
8	IDFC FIRST Bank	10.95	94.53%	5.45%	0.02%
9	Kotak Mahindra Bank	9.58	96.86%	3.14%	0.00%
10	Airtel Payments Bank	8.28	96.15%	3.76%	0.09%
11	India Post Payment Bank	4.42	97.36%	2.63%	0.01%
12	Federal Bank	3.99	96.79%	3.19%	0.01%
13	Deutsche Bank	1.98	99.95%	0.05%	0.00%
14	Jio Payments Bank	1.94	95.20%	4.51%	0.29%
15	IndusInd Bank	1.09	95.07%	4.93%	0.01%

UPI Payee PSP Performance

UPI Payee PSP Performance (Aug'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,400.08	99.43%	0.51%	0.06%
2	Paytm Payments Bank	1,488.44	99.56%	0.42%	0.01%
3	Axis Bank Ltd	804.43	96.80%	2.64%	0.57%
4	ICICI Bank	710.22	99.50%	0.43%	0.07%
5	HDFC Bank Ltd	349.03	99.09%	0.83%	0.09%
6	State Bank Of India	296.27	99.38%	0.45%	0.17%
7	Federal Bank	101.31	97.97%	1.35%	0.67%
8	IndusInd Bank	37.80	98.83%	0.72%	0.45%
9	Airtel Payments Bank	25.89	99.00%	0.87%	0.13%
10	Kotak Mahindra Bank	23.64	99.22%	0.41%	0.37%
11	IDFC FIRST Bank	14.39	98.24%	0.34%	1.42%
12	Citibank	10.57	99.19%	0.76%	0.05%
13	BHIM	8.75	98.54%	1.43%	0.04%
14	Bank of Baroda	6.44	99.82%	0.16%	0.03%
15	AU small Finance Bank	4.98	99.08%	0.56%	0.36%

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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Merchant Category Classification - August 22

UPI Merchant Category-wise Classification - August'22
Type	MCC	Description
High Transacting Categories	5411	Groceries And Supermarkets
	4814	Telecommunication Services, Including Local And Long Distance Calls, Credit Card Calls, Calls Through Use Of Magnetic Stripe Reading Telephones And Faxes
	5812	Eating Places And Restaurants
	7299	Miscellaneous Personal Services Not Elsewhere Classified
	5816	Digital Goods – Games
	5541	Service Stations (With Or Without Ancillary Services)
	5499	Miscellaneous Food Shops Convenience And Speciality Retail Outlets
	5814	Fast Food Restaurants
	5912	Drug Stores And Pharmacies
	5999	Miscellaneous And Speciality Retail Outlets
Medium Transacting Categories	5462	Bakeries
	5399	Miscellaneous General Merchandise
	6540	Debit Card To Wallet Credit (Wallet Top Up)*
	5311	Department Stores
	7322	Debt Collection Agencies
	4900	Utilities - Electric, Gas, Water And Sanitary
	5813	Drinking Places (Alcoholic Beverages) - Bars, Taverns, Night-Clubs, Cocktail Lounges And Discothèques
	5451	Dairies
	6012	Financial Institutions - Merchandise And Services
	5699	Miscellaneous Apparel And Accessory Shops
All Other Categories	7399	Business Services Not Elsewhere Classified
	4899	Cable And Other Pay Television Services
	6211	Securities - Brokers And Dealers
	5732	Electronics Shops
	4214	Motor Freight Carriers And Trucking - Local And Long Distance, Moving And Storage Companies And Local Delivery
	9399	Government Services - Not Elsewhere Classified
	5172	Petroleum And Petroleum Products
	5111	Stationery, Office Supplies And Printing And Writing Paper
	4784	Tolls And Bridge Fees
	Others

Glossary

Category classification is made in terms of Approved UPI transaction Volume.
High Transacting Categories: Top 10 MCCs
Medium Transacting Categories: Next 10 MCCs
All Other Categories: Next 9 MCCs along with all other MCCs clubbed under 'Others'
MCC Description is with reference to ISO 18245:2003 standard

UPI Top 50 Member Remitter Performance (Jul'22)

UPI Remitter Banks - Top 50 Banks (Jul'22)
Sr. No.	UPI Remitter Banks (Jul-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,709.44	92.06%	7.26%	0.68%	7.91	98.83%
2	HDFC Bank Ltd	570.34	94.55%	5.37%	0.08%	2.44	98.77%
3	Bank of Baroda	405.95	92.49%	6.45%	1.06%	2.25	90.55%
4	Union Bank of India	391.00	92.15%	7.54%	0.31%	2.10	88.40%
5	ICICI Bank	359.49	94.96%	4.66%	0.38%	1.71	89.64%
6	Axis Bank Ltd	328.07	92.97%	6.05%	0.97%	1.41	75.12%
7	Paytm Payments Bank	315.91	95.75%	4.20%	0.05%	0.95	97.56%
8	Punjab National Bank	289.34	91.83%	7.17%	1.00%	2.23	84.58%
9	Canara Bank	285.57	90.64%	7.89%	1.46%	2.75	86.45%
10	Kotak Mahindra Bank	270.94	91.92%	5.50%	2.58%	3.38	93.26%
11	Bank of India	220.54	93.85%	5.00%	1.14%	1.42	76.35%
12	Indian Bank	162.24	93.56%	5.81%	0.62%	0.89	90.44%
13	Central Bank Of India	118.89	76.28%	11.99%	11.73%	5.90	44.99%
14	Federal Bank	103.47	94.26%	5.60%	0.14%	0.44	98.74%
15	Airtel Payments Bank	102.04	86.79%	10.77%	2.43%	1.34	77.32%
16	Yes Bank Ltd	92.32	94.86%	4.97%	0.17%	0.00	0.00%
17	IDBI Bank Limited	86.00	95.04%	4.23%	0.73%	0.52	91.46%
18	India Post Payment Bank	84.67	79.18%	17.59%	3.23%	0.96	61.38%
19	Indian Overseas Bank	81.55	93.44%	5.54%	1.02%	0.55	95.45%
20	Bank of Maharashtra	77.46	93.20%	5.43%	1.36%	0.56	84.20%
21	UCO Bank	70.69	92.80%	6.35%	0.84%	0.50	74.32%
22	Karnataka Bank	57.65	81.72%	7.60%	10.68%	1.58	17.35%
23	IndusInd Bank	56.37	93.04%	6.64%	0.33%	0.29	97.26%
24	IDFC FIRST Bank	42.82	92.75%	5.68%	1.57%	0.32	54.88%
25	Fino Payments Bank	40.16	82.06%	14.63%	3.31%	0.57	61.82%
26	Karur Vysya Bank	36.87	91.30%	7.43%	1.27%	0.21	89.21%
27	Bandhan Bank	28.23	85.08%	12.44%	2.48%	0.26	77.34%
28	South Indian Bank	26.24	92.36%	6.74%	0.90%	0.00	0.00%
29	Equitas Small Finance Bank	20.88	82.94%	15.50%	1.56%	0.14	85.58%
30	City Union Bank	19.61	91.76%	7.19%	1.06%	0.00	0.00%
31	Citibank	17.63	95.76%	4.06%	0.18%	0.00	0.00%
32	Ujjivan Small Finance Bank	16.75	87.88%	8.39%	3.73%	0.19	64.85%
33	DBS Bank Ltd	16.62	95.16%	4.60%	0.24%	0.00	0.00%
34	Standard Chartered	16.55	95.63%	2.81%	1.56%	0.00	0.00%
35	Tamilnad Mercantile Bank	16.46	89.24%	7.87%	2.88%	0.00	0.00%
36	AU small Finance Bank	15.99	93.31%	6.44%	0.26%	0.00	0.00%
37	Punjab and Sind Bank	15.97	90.47%	9.37%	0.16%	0.01	0.00%
38	Andhra Pradesh Grameena Vikas Bank	15.70	65.92%	24.61%	9.46%	0.00	0.00%
39	Maharashtra Gramin Bank	15.50	55.41%	30.04%	14.55%	0.00	0.00%
40	Pragathi Krishna Gramin Bank	15.08	85.77%	11.38%	2.85%	0.01	0.00%
41	Jammu and Kashmir Bank	14.74	89.61%	8.06%	2.33%	0.00	0.00%
42	Saraswat Bank	12.72	95.39%	4.19%	0.42%	0.00	0.00%
43	Rajasthan Marudhara Gramin Bank	10.97	64.02%	24.95%	11.03%	0.01	0.00%
44	ESAF Small Finance Bank Ltd.	9.77	84.55%	13.31%	2.13%	0.01	0.00%
45	Kerala Gramin Bank	9.60	87.07%	11.28%	1.65%	0.00	0.00%
46	Andhra Pragathi Grameena Bank	9.17	78.15%	17.64%	4.21%	0.18	86.64%
47	Sarva Haryana Gramin Bank	8.75	81.14%	10.97%	7.89%	0.01	0.00%
48	RBL Bank	7.99	89.82%	8.06%	2.12%	0.01	0.00%
49	Telangana Grameena bank	7.27	64.67%	20.32%	15.00%	0.00	0.00%
50	Karnataka Vikas Grameena Bank	6.78	83.41%	14.24%	2.34%	0.01	0.00%

UPI Top 50 Member Beneficiary Performance (Jul'22)

UPI Beneficiary Banks - Top 50 Banks (Jul'22)
Sr.No.	UPI Beneficiary Banks (Jul-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1,469.60	99.49%	0.49%	0.02%	0.00%
2	Yes Bank Ltd	813.04	99.93%	0.03%	0.02%	0.02%
3	State Bank Of India	802.56	99.30%	0.28%	0.31%	0.11%
4	Axis Bank Ltd	498.78	97.68%	1.07%	0.99%	0.25%
5	ICICI Bank	449.31	99.41%	0.39%	0.13%	0.07%
6	HDFC Bank Ltd	328.73	99.30%	0.62%	0.06%	0.02%
7	Bank of Baroda	214.14	98.62%	0.35%	0.91%	0.13%
8	Union Bank of India	206.94	99.57%	0.29%	0.10%	0.04%
9	Canara Bank	156.60	98.42%	0.51%	0.71%	0.36%
10	Punjab National Bank	147.86	98.23%	0.52%	0.81%	0.43%
11	Federal Bank	137.96	99.68%	0.24%	0.07%	0.00%
12	Kotak Mahindra Bank	131.98	97.89%	0.60%	1.02%	0.49%
13	Bank of India	121.89	98.63%	0.25%	0.97%	0.15%
14	Indian Bank	84.27	99.03%	0.23%	0.60%	0.14%
15	Airtel Payments Bank	75.84	98.00%	0.42%	1.08%	0.50%
16	IndusInd Bank	64.82	99.06%	0.56%	0.26%	0.12%
17	Central Bank Of India	58.88	91.07%	0.96%	6.19%	1.78%
18	IDBI Bank Limited	47.40	98.97%	0.52%	0.44%	0.06%
19	Indian Overseas Bank	45.41	99.02%	0.29%	0.43%	0.27%
20	UCO Bank	39.36	98.18%	0.70%	0.87%	0.25%
21	India Post Payment Bank	39.12	97.27%	0.52%	1.93%	0.28%
22	Bank of Maharashtra	37.57	98.29%	0.24%	1.02%	0.45%
23	IDFC FIRST Bank	30.46	96.11%	1.96%	1.65%	0.28%
24	Karnataka Bank	29.07	90.60%	0.84%	6.62%	1.95%
25	Karur Vysya Bank	24.19	98.69%	0.44%	0.81%	0.06%
26	South Indian Bank	18.50	98.66%	0.58%	0.72%	0.05%
27	Bandhan Bank	18.16	97.07%	0.47%	2.31%	0.14%
28	Fino Payments Bank	15.30	94.89%	2.35%	2.28%	0.48%
29	AU small Finance Bank	14.00	97.86%	1.87%	0.14%	0.13%
30	Citibank	13.54	99.42%	0.43%	0.07%	0.08%
31	City Union Bank	11.88	98.39%	0.76%	0.75%	0.10%
32	Tamilnad Mercantile Bank	10.64	97.26%	0.33%	2.13%	0.28%
33	Equitas Small Finance Bank	10.33	96.37%	2.10%	1.35%	0.17%
34	Ujjivan Small Finance Bank	9.71	96.06%	0.31%	3.31%	0.32%
35	Pragathi Krishna Gramin Bank	8.73	97.83%	0.33%	1.23%	0.61%
36	Punjab and Sind Bank	8.19	99.59%	0.25%	0.12%	0.03%
37	Andhra Pradesh Grameena Vikas Bank	7.20	85.71%	7.43%	4.19%	2.67%
38	DBS Bank Ltd	6.85	97.66%	2.12%	0.18%	0.04%
39	Maharashtra Gramin Bank	6.74	77.95%	10.74%	9.35%	1.96%
40	Jammu and Kashmir Bank	6.67	97.77%	0.79%	1.37%	0.06%
41	Kerala Gramin Bank	6.41	98.37%	0.55%	0.65%	0.43%
42	Saraswat Bank	5.80	99.40%	0.20%	0.37%	0.03%
43	ESAF Small Finance Bank Ltd.	5.62	98.52%	0.21%	1.02%	0.25%
44	Rajasthan Marudhara Gramin Bank	5.53	83.06%	8.62%	6.35%	1.97%
45	RBL Bank	5.39	97.36%	1.50%	1.01%	0.13%
46	Andhra Pragathi Grameena Bank	5.07	96.28%	0.66%	1.98%	1.09%
47	Sarva Haryana Gramin Bank	4.85	82.68%	0.60%	16.15%	0.57%
48	Baroda UP Gramin Bank	4.47	93.01%	2.87%	3.44%	0.68%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.01	92.51%	2.09%	4.84%	0.56%
50	HSBC Bank	3.79	97.79%	1.91%	0.21%	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 (Jul'22)

UPI Apps (Jul'22)
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	7.40	555.09	-	-	0.00	0.00	0.00	0.16	7.41	555.26
2	Allahabad Bank Apps	0.03	6.95	-	-	-	-	-	-	0.03	6.95
3	Amazon Pay	68.77	6,751.80	-	-	-	-	-	-	68.77	6,751.80
4	AU Small Finance Bank Apps	0.42	131.49	-	-	-	-	-	-	0.42	131.49
5	Axis Bank Apps	7.35	1,174.32	46.63	38.10	0.02	1.53	-	-	53.99	1,213.95
6	Bajaj Finserv	1.95	128.52	-	-	-	-	-	-	1.95	128.52
7	Bajaj Markets	0.02	1.66	-	-	-	-	-	-	0.02	1.66
8	Bandhan Bank Apps	0.01	1.35	-	-	-	-	-	-	0.01	1.35
9	Bank of Baroda Apps	0.88	354.45	-	-	0.00	0.00	-	-	0.88	354.45
10	Bank of India Apps	0.15	46.44	-	-	-	-	-	-	0.15	46.44
11	Bank of Maharashtra Apps	0.06	16.47	-	-	-	-	-	-	0.06	16.47
12	BHIM	24.48	7,823.95	-	-	-	-	-	-	24.48	7,823.95
13	Canara Bank Apps	0.47	128.79	-	-	-	-	-	-	0.47	128.79
14	Central Bank of India Apps	0.22	58.37	-	-	0.00	0.00	-	-	0.22	58.37
15	Citi Bank Apps	0.11	63.66	-	-	0.00	0.00	-	-	0.11	63.66
16	City Union Bank Apps	0.03	10.19	-	-	-	-	-	-	0.03	10.19
17	Cointab	0.07	27.30	-	-	-	-	-	-	0.07	27.30
18	Cred	14.89	19,716.43	-	-	-	-	-	-	14.89	19,716.43
19	DBS Digibank Apps	0.47	179.27	-	-	-	-	-	-	0.47	179.27
20	Deutsche Bank Apps	1.87	116.00	-	-	0.00	0.01	-	-	1.87	116.01
21	Dhanlaxmi Bank Apps	0.01	2.86	-	-	-	-	-	-	0.01	2.86
22	Equitas Small Finance Bank Apps	0.01	4.89	-	-	-	-	-	-	0.01	4.89
23	Fave	0.16	11.06	-	-	-	-	-	-	0.16	11.06
24	Federal Bank Apps	3.85	539.55	-	-	0.00	0.00	-	-	3.85	539.55
25	Fino Payments Bank Apps	0.06	4.26	-	-	-	-	-	-	0.06	4.26
26	GoIbibo	0.01	5.10	-	-	-	-	-	-	0.01	5.10
27	Google Pay	2,130.63	3,66,669.09	-	-	-	-	-	-	2,130.63	3,66,669.09
28	Groww	0.49	290.31	-	-	-	-	-	-	0.49	290.31
29	HDFC Bank Apps	9.38	2,341.28	-	-	-	-	-	-	9.38	2,341.28
30	HSBC Bank Apps	0.11	68.43	0.00	0.04	0.00	0.00	-	-	0.11	68.47
31	ICICI Bank Apps	32.53	7,745.19	0.46	32.24	4.36	3,731.87	-	-	37.34	11,509.29
32	IDBI Bank Apps	0.03	16.42	-	-	-	-	-	-	0.03	16.42
33	IDFC Bank Apps	8.28	645.34	-	-	0.00	0.00	-	-	8.28	645.34
34	India Post Payments Bank Apps	4.08	480.59	-	-	-	-	-	-	4.08	480.59
35	Indian Bank Apps	0.20	58.15	-	-	0.01	13.23	-	-	0.21	71.39
36	Indian Overseas Bank Apps	0.01	3.74	-	-	-	-	-	-	0.01	3.74
37	IndusInd Bank Apps	0.99	1,652.26	-	-	-	-	-	-	0.99	1,652.26
38	Janata Sahakari Bank Apps	0.01	4.15	-	-	-	-	-	-	0.01	4.15
39	Jio Payments Bank Apps	1.90	116.59	-	-	-	-	-	-	1.90	116.59
40	Jupiter	2.10	254.14	-	-	-	-	-	-	2.10	254.14
41	Karnataka Bank Apps	0.35	48.01	-	-	-	-	-	-	0.35	48.01
42	Karur Vysya Bank Apps	0.04	15.66	-	-	-	-	-	-	0.04	15.66
43	Kotak Mahindra Bank Apps	8.86	1,815.87	-	-	0.00	0.46	-	-	8.86	1,816.33
44	MakeMyTrip	0.13	58.19	-	-	-	-	-	-	0.13	58.19
45	MI Pay	0.16	26.98	-	-	-	-	-	-	0.16	26.98
46	Mobikwik	2.48	462.17	-	-	-	-	-	-	2.48	462.17
47	NSDL Payments Bank Apps	0.02	3.50	-	-	-	-	-	-	0.02	3.50
48	Paytm Payments Bank App	828.63	94,507.77	0.55	1.91	0.38	465.62	104.32	16,174.36	933.88	1,11,149.66
49	PhonePe	2,993.83	5,24,742.49	-	-	-	-	-	-	2,993.83	5,24,742.49
50	Punjab National Bank Apps	0.07	35.70	-	-	-	-	-	-	0.07	35.70
51	Punjab Sind Bank Apps	0.01	4.03	-	-	-	-	-	-	0.01	4.03
52	RBL Bank Apps	0.52	120.48	-	-	0.02	0.69	-	-	0.54	121.17
53	Samsung Pay	4.05	472.39	-	-	-	-	-	-	4.05	472.39
54	South Indian Bank Apps	0.15	46.97	-	-	-	-	-	-	0.15	46.97
55	Standard Chartered Bank Apps	0.14	74.11	-	-	-	-	-	-	0.14	74.11
56	State Bank of India Apps	4.15	2,013.47	-	-	0.00	0.00	-	-	4.15	2,013.47
57	Tamilnad Mercantile Bank Apps	0.05	6.78	-	-	-	-	-	-	0.05	6.78
58	TataNeu	0.11	17.26	-	-	-	-	-	-	0.11	17.26
59	TJSB Bank Apps	0.01	2.26	-	-	-	-	-	-	0.01	2.26
60	UCO Bank Apps	0.22	46.83	-	-	-	-	-	-	0.22	46.83
61	Ultracash	0.03	2.08	-	-	-	-	-	-	0.03	2.08
62	Union Bank Apps	0.49	208.03	-	-	-	-	-	-	0.49	208.03
63	Utkarsh Small Finance Bank Apps	0.02	4.55	-	-	-	-	-	-	0.02	4.55
64	WhatsApp	6.18	502.00	-	-	-	-	-	-	6.18	502.00
65	Yes Bank Apps	55.35	13,868.41	0.00	0.00	5.45	1,367.63	-	-	60.80	15,236.04
66	YuvaPay	0.01	21.38	-	-	-	-	-	-	0.01	21.38
67	Others	0.02	5.15	-	-	-	-	-	-	0.02	5.15

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)
Jul'22	6,288.40	10,62,991.76	3,289.15	8,32,265.84	2,999.25	2,30,725.92

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 Payer PSP Performance

UPI Payer PSP Performance (Jul'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,353.60	98.49%	1.49%	0.01%
2	Axis Bank Ltd	1,046.37	98.48%	1.51%	0.01%
3	ICICI Bank	871.87	98.41%	1.57%	0.01%
4	Paytm Payments Bank	846.93	97.95%	2.03%	0.02%
5	State Bank Of India	624.19	98.39%	1.59%	0.02%
6	HDFC Bank Ltd	577.08	98.86%	1.13%	0.01%
7	BHIM	26.21	93.40%	6.54%	0.07%
8	IDFC FIRST Bank	9.39	90.11%	9.85%	0.04%
9	Kotak Mahindra Bank	9.15	96.80%	3.19%	0.01%
10	Airtel Payments Bank	7.71	96.00%	3.86%	0.14%
11	India Post Payment Bank	4.19	97.33%	2.66%	0.01%
12	Federal Bank	4.03	97.17%	2.81%	0.02%
13	Jio Payments Bank	1.99	95.70%	3.91%	0.39%
14	Deutsche Bank	1.88	99.95%	0.05%	0.00%
15	IndusInd Bank	1.04	97.65%	2.34%	0.01%

UPI Payee PSP Performance

UPI Payee PSP Performance (Jul'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,256.82	99.59%	0.37%	0.03%
2	Paytm Payments Bank	1,430.47	99.62%	0.36%	0.02%
3	Axis Bank Ltd	799.31	97.15%	2.53%	0.32%
4	ICICI Bank	670.95	99.60%	0.36%	0.05%
5	HDFC Bank Ltd	328.22	99.18%	0.75%	0.07%
6	State Bank Of India	295.76	98.77%	0.60%	0.63%
7	Federal Bank	92.76	93.27%	2.98%	3.74%
8	IndusInd Bank	35.12	98.68%	0.62%	0.70%
9	Kotak Mahindra Bank	21.69	98.56%	0.84%	0.60%
10	Airtel Payments Bank	19.26	98.83%	0.98%	0.19%
11	IDFC FIRST Bank	13.15	97.49%	1.12%	1.39%
12	Citibank	11.18	99.09%	0.77%	0.14%
13	BHIM	8.40	99.17%	0.72%	0.11%
14	Bank of Baroda	6.22	98.93%	0.79%	0.28%
15	AU small Finance Bank	4.48	98.93%	0.77%	0.30%

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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Top 50 Member Remitter Performance (Jun'22)

UPI Remitter Banks - Top 50 Banks (Jun'22)
Sr. No.	UPI Remitter Banks (Jun-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,625.09	87.98%	6.96%	5.06%	13.07	84.61%
2	HDFC Bank Ltd	529.76	94.44%	5.48%	0.08%	1.91	98.92%
3	Bank of Baroda	383.61	92.40%	6.42%	1.17%	3.90	83.45%
4	Union Bank of India	368.31	91.07%	7.50%	1.42%	3.17	65.94%
5	ICICI Bank	343.52	94.84%	4.69%	0.47%	1.19	92.67%
6	Axis Bank Ltd	309.01	94.74%	4.44%	0.81%	1.28	77.52%
7	Paytm Payments Bank	307.30	95.64%	4.30%	0.06%	0.97	98.11%
8	Punjab National Bank	274.44	93.08%	6.30%	0.62%	1.51	94.65%
9	Canara Bank	267.83	90.84%	8.49%	0.67%	1.33	92.04%
10	Kotak Mahindra Bank	251.49	93.80%	5.42%	0.78%	1.45	95.74%
11	Bank of India	210.67	94.65%	5.11%	0.24%	0.92	94.42%
12	Indian Bank	151.58	93.34%	6.09%	0.57%	0.63	93.35%
13	Central Bank Of India	111.89	88.47%	5.71%	5.82%	2.74	45.95%
14	Federal Bank	96.37	93.17%	5.93%	0.90%	0.40	96.69%
15	Airtel Payments Bank	90.81	86.71%	11.53%	1.76%	1.03	78.65%
16	India Post Payment Bank	87.61	59.80%	30.90%	9.29%	1.78	36.51%
17	IDBI Bank Limited	81.74	95.01%	4.28%	0.71%	0.43	89.09%
18	Indian Overseas Bank	76.90	93.23%	5.64%	1.13%	0.60	93.29%
19	Bank of Maharashtra	73.73	93.88%	5.12%	1.00%	0.38	86.43%
20	Yes Bank Ltd	73.71	91.72%	7.85%	0.43%	0.20	0.00%
21	UCO Bank	65.98	93.13%	6.26%	0.61%	0.43	76.01%
22	Karnataka Bank	55.02	83.56%	6.95%	9.49%	1.24	13.85%
23	IndusInd Bank	52.65	91.38%	7.97%	0.65%	0.24	93.25%
24	Fino Payments Bank	41.21	66.16%	30.38%	3.46%	0.43	67.02%
25	IDFC FIRST Bank	38.90	91.48%	5.75%	2.78%	0.39	44.99%
26	Karur Vysya Bank	35.43	88.81%	9.87%	1.32%	0.15	87.59%
27	Bandhan Bank	27.40	79.51%	19.18%	1.31%	0.20	70.51%
28	South Indian Bank	24.62	92.55%	6.06%	1.39%	0.17	95.31%
29	Equitas Small Finance Bank	19.63	80.09%	14.41%	5.50%	0.19	54.91%
30	City Union Bank	18.76	90.71%	7.80%	1.49%	0.08	97.82%
31	Citibank	16.78	94.68%	4.29%	1.03%	0.04	97.83%
32	Andhra Pradesh Grameena Vikas Bank	16.62	57.71%	26.61%	15.68%	0.86	4.74%
33	Ujjivan Small Finance Bank	16.55	78.84%	8.44%	12.72%	0.53	33.80%
34	DBS Bank Ltd	15.97	95.26%	4.51%	0.23%	0.06	98.00%
35	Standard Chartered	15.71	96.23%	2.91%	0.85%	0.10	93.20%
36	Maharashtra Gramin Bank	15.47	62.03%	30.64%	7.34%	0.24	38.02%
37	Tamilnad Mercantile Bank	15.15	91.78%	7.89%	0.34%	0.07	51.39%
38	AU small Finance Bank	14.75	92.86%	6.38%	0.76%	0.10	0.12%
39	Punjab and Sind Bank	14.74	88.65%	10.05%	1.30%	0.10	73.94%
40	Jammu and Kashmir Bank	14.49	82.17%	10.43%	7.40%	0.24	52.29%
41	Pragathi Krishna Gramin Bank	14.22	85.56%	11.59%	2.85%	0.20	50.32%
42	Saraswat Bank	12.07	95.01%	3.76%	1.24%	0.07	79.77%
43	Rajasthan Marudhara Gramin Bank	10.16	66.27%	18.83%	14.89%	0.51	3.21%
44	ESAF Small Finance Bank Ltd.	9.76	77.62%	19.54%	2.84%	0.07	69.48%
45	Andhra Pragathi Grameena Bank	9.28	70.20%	22.28%	7.52%	0.24	59.93%
46	Kerala Gramin Bank	9.11	86.27%	12.11%	1.62%	0.07	57.57%
47	Sarva Haryana Gramin Bank	8.27	79.00%	7.65%	13.35%	0.21	40.18%
48	RBL Bank	7.41	89.69%	8.95%	1.36%	0.04	83.50%
49	Telangana Grameena bank	6.79	74.54%	21.67%	3.79%	0.15	19.01%
50	Karnataka Vikas Grameena Bank	6.78	78.29%	18.22%	3.49%	0.10	45.45%

UPI Top 50 Member Beneficiary Performance (Jun'22)

UPI Beneficiary Banks - Top 50 Banks (Jun'22)
Sr.No.	UPI Beneficiary Banks (Jun-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1,370.06	99.66%	0.32%	0.03%	0.00%
2	State Bank Of India	764.66	95.87%	0.29%	3.64%	0.21%
3	Yes Bank Ltd	731.88	99.90%	0.04%	0.03%	0.03%
4	Axis Bank Ltd	483.14	99.20%	0.15%	0.54%	0.11%
5	ICICI Bank	414.15	99.46%	0.41%	0.10%	0.03%
6	HDFC Bank Ltd	302.98	99.28%	0.66%	0.04%	0.02%
7	Bank of Baroda	202.60	98.92%	0.37%	0.27%	0.44%
8	Union Bank of India	197.70	98.57%	0.28%	0.91%	0.24%
9	Canara Bank	148.36	98.97%	0.52%	0.41%	0.10%
10	Punjab National Bank	142.40	98.66%	0.52%	0.61%	0.21%
11	Federal Bank	122.19	99.29%	0.28%	0.42%	0.01%
12	Kotak Mahindra Bank	120.07	99.02%	0.60%	0.23%	0.15%
13	Bank of India	116.98	99.52%	0.27%	0.18%	0.03%
14	Indian Bank	79.66	99.23%	0.23%	0.50%	0.05%
15	Airtel Payments Bank	66.91	98.66%	0.37%	0.68%	0.29%
16	IndusInd Bank	63.00	98.64%	0.68%	0.47%	0.21%
17	Central Bank Of India	59.63	95.05%	0.68%	3.37%	0.90%
18	IDBI Bank Limited	45.27	98.91%	0.64%	0.38%	0.08%
19	Indian Overseas Bank	43.21	99.02%	0.30%	0.33%	0.34%
20	UCO Bank	37.03	98.92%	0.48%	0.40%	0.20%
21	Bank of Maharashtra	35.99	98.55%	0.25%	0.93%	0.27%
22	India Post Payment Bank	34.23	92.43%	0.59%	6.57%	0.41%
23	Karnataka Bank	28.66	91.84%	0.59%	6.09%	1.48%
24	IDFC FIRST Bank	25.28	95.44%	1.43%	2.61%	0.51%
25	Karur Vysya Bank	23.10	98.33%	0.34%	1.29%	0.04%
26	South Indian Bank	17.51	98.61%	0.41%	0.95%	0.02%
27	Bandhan Bank	16.73	98.24%	0.51%	1.12%	0.12%
28	Fino Payments Bank	13.59	93.98%	2.35%	3.39%	0.28%
29	AU small Finance Bank	12.92	97.85%	1.58%	0.44%	0.13%
30	Citibank	12.15	99.28%	0.50%	0.22%	0.00%
31	City Union Bank	11.47	98.36%	0.73%	0.89%	0.02%
32	Equitas Small Finance Bank	9.94	92.75%	3.10%	3.79%	0.36%
33	Tamilnad Mercantile Bank	9.88	99.51%	0.24%	0.15%	0.10%
34	Ujjivan Small Finance Bank	9.41	88.59%	0.29%	9.69%	1.43%
35	Pragathi Krishna Gramin Bank	8.27	97.73%	0.32%	1.35%	0.60%
36	Andhra Pradesh Grameena Vikas Bank	7.71	80.24%	9.19%	8.62%	1.95%
37	Punjab and Sind Bank	7.62	97.81%	0.30%	1.75%	0.14%
38	Maharashtra Gramin Bank	6.99	85.10%	9.54%	5.06%	0.30%
39	DBS Bank Ltd	6.61	98.10%	1.73%	0.11%	0.06%
40	Jammu and Kashmir Bank	6.36	91.75%	2.56%	5.40%	0.29%
41	Kerala Gramin Bank	6.12	98.67%	0.42%	0.62%	0.29%
42	Saraswat Bank	5.52	98.76%	0.18%	0.99%	0.07%
43	ESAF Small Finance Bank Ltd.	5.32	97.79%	0.25%	1.62%	0.34%
44	RBL Bank	5.22	97.67%	1.44%	0.83%	0.06%
45	Rajasthan Marudhara Gramin Bank	5.21	85.56%	4.92%	7.83%	1.68%
46	Andhra Pragathi Grameena Bank	5.17	88.19%	5.00%	5.27%	1.53%
47	Sarva Haryana Gramin Bank	4.66	78.69%	0.47%	19.77%	1.07%
48	Baroda UP Gramin Bank	4.29	88.20%	3.24%	7.48%	1.08%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.00	88.74%	2.01%	8.05%	1.20%
50	Karnataka Vikas Grameena Bank	3.65	94.99%	2.99%	1.98%	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 (Jun'22)

UPI Apps (Jun'22)
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	6.38	506.14	0.00	0.00	-	-	0.00	0.06	6.38	506.20
2	Allahabad Bank Apps	0.02	6.79	-	-	-	-	-	-	0.02	6.79
3	Amazon Pay	68.40	6,541.84	-	-	-	-	-	-	68.40	6,541.84
4	AU Small Finance Bank Apps	0.38	120.24	-	-	-	-	-	-	0.38	120.24
5	Axis Bank Apps	6.96	1,217.71	0.11	11.05	45.53	39.61	-	-	52.60	1,268.38
6	Bajaj Finserv	1.16	85.49	-	-	-	-	-	-	1.16	85.49
7	Bajaj Markets	0.01	1.20	-	-	-	-	-	-	0.01	1.20
8	Bank of Baroda Apps	0.83	347.72	0.00	0.00	-	-	-	-	0.83	347.72
9	Bank of India Apps	0.13	41.82	-	-	-	-	-	-	0.13	41.82
10	Bank of Maharashtra Apps	0.06	15.77	-	-	-	-	-	-	0.06	15.77
11	BHIM	22.60	7,527.98	-	-	-	-	-	-	22.60	7,527.98
12	Canara Bank Apps	0.34	109.78	-	-	-	-	-	-	0.34	109.78
13	Central Bank of India Apps	0.15	54.06	-	-	-	-	-	-	0.15	54.06
14	Citi Bank Apps	0.13	63.54	0.00	0.00	-	-	-	-	0.13	63.54
15	City Union Bank Apps	0.03	8.72	-	-	-	-	-	-	0.03	8.72
16	Cointab	0.06	23.99	-	-	-	-	-	-	0.06	23.99
17	Cred	13.40	17,583.25	-	-	-	-	-	-	13.40	17,583.25
18	DBS Digibank Apps	0.46	171.69	-	-	-	-	-	-	0.46	171.69
19	Deutsche Bank Apps	1.51	99.12	0.00	0.00	-	-	-	-	1.51	99.12
20	Dhanlaxmi Bank Apps	0.01	2.70	-	-	-	-	-	-	0.01	2.70
21	Equitas Small Finance Bank Apps	0.01	3.87	-	-	-	-	-	-	0.01	3.87
22	Fave	0.12	6.94	-	-	-	-	-	-	0.12	6.94
23	Federal Bank Apps	3.55	494.21	-	-	-	-	-	-	3.55	494.21
24	Fino Payments bank Apps	0.05	3.17	-	-	-	-	-	-	0.05	3.17
25	Finshell Pay	0.10	5.30	-	-	-	-	-	-	0.10	5.30
26	GoIbibo	0.01	3.87	-	-	-	-	-	-	0.01	3.87
27	Google Pay	2,025.89	3,55,137.20	-	-	-	-	-	-	2,025.89	3,55,137.20
28	Groww	0.72	416.73	-	-	-	-	-	-	0.72	416.73
29	HDFC Bank Apps	8.24	2,066.22	-	-	-	-	-	-	8.24	2,066.22
30	HSBC Bank Apps	0.11	61.38	0.00	0.00	0.00	0.00	-	-	0.11	61.39
31	ICICI Bank Apps	35.25	6,931.44	4.11	3,270.67	0.01	0.03	-	-	39.37	10,202.14
32	IDBI Bank Apps	0.03	15.71	-	-	-	-	-	-	0.03	15.71
33	IDFC Bank Apps	7.03	663.65	0.00	0.00	-	-	-	-	7.03	663.65
34	India Post Payments Bank Apps	3.98	467.34	-	-	-	-	-	-	3.98	467.34
35	Indian Bank Apps	0.17	53.30	0.00	0.38	-	-	-	-	0.17	53.68
36	Indian Overseas Bank Apps	0.01	2.98	-	-	-	-	-	-	0.01	2.98
37	IndusInd Bank Apps	1.00	1,645.13	-	-	-	-	-	-	1.00	1,645.13
38	Janata Sahakari Bank Apps	0.01	4.47	-	-	-	-	-	-	0.01	4.47
39	Jio Payments Bank Apps	1.87	116.34	-	-	-	-	-	-	1.87	116.34
40	Jupiter	1.89	223.22	-	-	-	-	-	-	1.89	223.22
41	Jupiter Edge (LivQuick PPI)	0.13	8.72	-	-	-	-	-	-	0.13	8.72
42	Karnataka Bank Apps	0.32	43.13	-	-	-	-	-	-	0.32	43.13
43	Karur Vysya Bank Apps	0.04	15.91	-	-	-	-	-	-	0.04	15.91
44	Kotak Mahindra Bank Apps	8.33	1,758.64	0.01	3.64	-	-	-	-	8.33	1,762.28
45	MakeMyTrip	0.11	51.45	-	-	-	-	-	-	0.11	51.45
46	MI Pay	0.17	29.61	-	-	-	-	-	-	0.17	29.61
47	Mobikwik	2.31	404.63	-	-	-	-	-	-	2.31	404.63
48	NSDL Payments Bank Apps	0.02	2.44	-	-	-	-	-	-	0.02	2.44
49	Paytm Payments Bank App	778.87	89,388.78	0.35	412.20	-	-	98.28	12,318.93	877.50	1,02,119.90
50	PhonePe	2,732.59	5,01,474.48	-	-	-	-	-	-	2,732.59	5,01,474.48
51	Punjab National Bank Apps	0.08	40.68	-	-	-	-	-	-	0.08	40.68
52	Punjab Sind Bank Apps	0.01	5.93	-	-	-	-	-	-	0.01	5.93
53	RBL Bank Apps	0.35	121.00	0.07	2.89	0.00	0.00	-	-	0.42	123.89
54	Samsung Pay	4.07	468.23	-	-	-	-	-	-	4.07	468.23
55	South Indian Bank Apps	0.14	46.66	-	-	-	-	-	-	0.14	46.66
56	Standard Chartered Bank Apps	0.13	69.13	-	-	-	-	-	-	0.13	69.13
57	State Bank of India Apps	3.83	1,947.10	0.00	0.00	-	-	-	-	3.83	1,947.10
58	Tamilnad Mercantile Bank Apps	0.03	4.02	-	-	-	-	-	-	0.03	4.02
59	TataNeu	0.12	19.41	-	-	-	-	-	-	0.12	19.41
60	TJSB Bank Apps	0.01	2.10	-	-	-	-	-	-	0.01	2.10
61	UCO Bank Apps	0.22	42.30	-	-	-	-	-	-	0.22	42.30
62	Ultracash	0.03	3.32	-	-	-	-	-	-	0.03	3.32
63	Union Bank Apps	0.45	199.80	-	-	-	-	-	-	0.45	199.80
64	Utkarsh Small Finance Bank Apps	0.01	3.47	-	-	-	-	-	-	0.01	3.47
65	WhatsApp	23.04	429.06	-	-	-	-	-	-	23.04	429.06
66	Yes Bank Apps	41.67	9,889.56	2.35	1,257.60	0.00	0.00	-	-	44.03	11,147.17
67	YuvaPay	0.03	58.31	-	-	-	-	-	-	0.03	58.31
68	Others	0.02	6.34	-	-	-	-	-	-	0.02	6.34

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 Payer PSP Performance

UPI Payer PSP Performance (Jun'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,167.39	98.61%	1.39%	0.00%
2	Axis Bank Ltd	989.77	98.74%	1.26%	0.01%
3	ICICI Bank	794.45	98.66%	1.33%	0.01%
4	Paytm Payments Bank	791.39	98.46%	1.52%	0.01%
5	State Bank Of India	597.29	98.67%	1.30%	0.03%
6	HDFC Bank Ltd	540.01	98.98%	1.02%	0.01%
7	BHIM	25.04	90.24%	9.72%	0.03%
8	Kotak Mahindra Bank	8.60	96.98%	3.02%	0.00%
9	IDFC FIRST Bank	7.65	93.97%	6.00%	0.02%
10	Airtel Payments Bank	6.66	95.89%	4.01%	0.11%
11	India Post Payment Bank	4.12	96.60%	3.39%	0.02%
12	Federal Bank	3.70	97.51%	2.49%	0.00%
13	Jio Payments Bank	1.96	95.65%	3.84%	0.50%
14	Deutsche Bank	1.51	99.95%	0.05%	0.00%
15	IndusInd Bank	1.04	98.47%	1.51%	0.02%

UPI Payee PSP Performance

UPI Payee PSP Performance (Jun'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,098.31	99.24%	0.72%	0.04%
2	Paytm Payments Bank	1,321.97	99.66%	0.32%	0.02%
3	Axis Bank Ltd	759.01	99.10%	0.75%	0.16%
4	ICICI Bank	622.61	99.36%	0.56%	0.08%
5	HDFC Bank Ltd	310.81	99.18%	0.74%	0.08%
6	State Bank Of India	289.84	97.58%	1.16%	1.25%
7	Federal Bank	74.69	98.04%	1.87%	0.09%
8	IndusInd Bank	36.03	97.20%	1.93%	0.87%
9	Kotak Mahindra Bank	16.88	96.47%	3.05%	0.48%
10	Airtel Payments Bank	15.41	98.09%	1.83%	0.08%
11	IDFC FIRST Bank	9.88	96.99%	1.83%	1.18%
12	Citibank	9.77	99.41%	0.56%	0.03%
13	BHIM	8.31	92.02%	7.57%	0.41%
14	Bank of Baroda	6.52	96.64%	3.33%	0.03%
15	AU small Finance Bank	4.01	99.09%	0.87%	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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

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'22	5,862.75	10,14,384.31	3,302.67	8,00,412.50	2,560.08	2,13,971.81

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 Member Remitter Performance (May'22)

UPI Remitter Banks - Top 50 Banks (May'22)
Sr. No.	UPI Remitter Banks (May-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,644.91	90.26%	7.31%	2.44%	6.99	92.47%
2	HDFC Bank Ltd	532.02	94.20%	5.64%	0.16%	2.02	99.46%
3	Bank of Baroda	387.88	92.71%	6.70%	0.59%	2.42	89.41%
4	Union Bank of India	370.84	91.52%	8.15%	0.34%	1.82	76.68%
5	ICICI Bank	342.09	94.87%	4.86%	0.27%	1.27	93.47%
6	Paytm Payments Bank	323.77	95.66%	4.32%	0.02%	0.87	99.47%
7	Axis Bank Ltd	316.26	95.52%	4.31%	0.17%	1.15	84.06%
8	Punjab National Bank	277.91	93.01%	6.30%	0.69%	1.58	91.79%
9	Canara Bank	266.56	88.78%	8.43%	2.80%	2.72	82.93%
10	Kotak Mahindra Bank	247.84	92.40%	5.56%	2.03%	2.45	93.51%
11	Bank of India	215.62	94.52%	5.25%	0.23%	0.92	89.37%
12	Indian Bank	150.62	92.45%	6.76%	0.79%	0.84	77.52%
13	Central Bank Of India	115.32	91.43%	5.97%	2.60%	1.62	56.85%
14	Federal Bank	93.99	93.29%	6.05%	0.66%	0.44	90.03%
15	Airtel Payments Bank	87.23	85.92%	12.33%	1.75%	0.67	79.05%
16	IDBI Bank Limited	83.34	94.58%	4.95%	0.47%	0.37	92.21%
17	India Post Payment Bank	78.09	76.77%	21.86%	1.36%	0.47	71.11%
18	Indian Overseas Bank	76.31	93.81%	5.94%	0.25%	0.30	99.06%
19	Bank of Maharashtra	75.56	93.87%	5.53%	0.60%	0.33	92.23%
20	Yes Bank Ltd	68.85	92.20%	7.42%	0.38%	0.09	0.00%
21	UCO Bank	66.20	92.44%	6.39%	1.17%	0.48	66.56%
22	Karnataka Bank	55.32	86.83%	7.32%	5.85%	0.82	20.35%
23	IndusInd Bank	52.03	91.19%	7.86%	0.95%	0.32	76.78%
24	IDFC FIRST Bank	37.03	91.50%	6.28%	2.22%	0.33	36.64%
25	Karur Vysya Bank	35.28	91.70%	7.90%	0.40%	0.13	89.39%
26	Fino Payments Bank	34.39	84.30%	12.85%	2.85%	0.38	61.58%
27	Bandhan Bank	26.80	80.41%	16.72%	2.87%	0.16	60.61%
28	South Indian Bank	24.34	91.97%	5.47%	2.56%	0.18	91.10%
29	Equitas Small Finance Bank	18.85	83.81%	15.22%	0.97%	0.11	78.92%
30	City Union Bank	18.71	90.94%	8.13%	0.93%	0.08	92.19%
31	Citibank	17.12	94.76%	4.54%	0.70%	0.04	99.80%
32	DBS Bank Ltd	16.12	95.24%	4.65%	0.11%	0.05	95.20%
33	Ujjivan Small Finance Bank	15.98	86.86%	7.48%	5.66%	0.25	33.14%
34	Standard Chartered	15.74	96.48%	3.08%	0.44%	0.08	97.76%
35	Jammu and Kashmir Bank	15.30	86.08%	9.57%	4.35%	0.17	57.38%
36	Tamilnad Mercantile Bank	14.92	90.69%	7.99%	1.32%	0.10	31.10%
37	Andhra Pradesh Grameena Vikas Bank	14.75	72.60%	16.91%	10.49%	0.44	0.00%
38	AU small Finance Bank	14.66	92.79%	6.48%	0.73%	0.10	0.04%
39	Punjab and Sind Bank	14.58	88.87%	10.77%	0.36%	0.08	86.89%
40	Pragathi Krishna Gramin Bank	14.32	82.03%	11.60%	6.37%	0.26	45.20%
41	Maharashtra Gramin Bank	13.74	76.12%	18.64%	5.23%	0.11	20.17%
42	Saraswat Bank	12.28	94.59%	4.12%	1.30%	0.06	67.34%
43	Rajasthan Marudhara Gramin Bank	9.25	75.96%	14.11%	9.93%	0.27	0.00%
44	ESAF Small Finance Bank Ltd.	9.11	81.98%	17.02%	1.00%	0.03	82.07%
45	Andhra Pragathi Grameena Bank	9.05	71.42%	19.62%	8.96%	0.29	6.14%
46	Kerala Gramin Bank	8.98	84.87%	11.83%	3.29%	0.10	58.80%
47	Sarva Haryana Gramin Bank	8.05	85.34%	8.17%	6.49%	0.09	17.33%
48	RBL Bank	7.34	89.18%	8.29%	2.53%	0.04	76.76%
49	Baroda Rajasthan Kshetriya Gramin Bank	7.20	75.01%	7.83%	17.16%	0.26	18.46%
50	Karnataka Vikas Grameena Bank	6.45	81.76%	15.27%	2.97%	0.10	12.70%

UPI Top 50 Member Beneficiary Performance (May'22)

UPI Beneficiary Banks - Top 50 Banks (May'22)
Sr.No.	UPI Beneficiary Banks (May-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1363.19	99.65%	0.35%	0.01%	0.00%
2	Yes Bank Ltd	811.13	99.92%	0.04%	0.03%	0.01%
3	State Bank Of India	771.93	98.35%	0.29%	1.13%	0.23%
4	Axis Bank Ltd	450.07	99.75%	0.17%	0.05%	0.03%
5	ICICI Bank	432.00	99.42%	0.41%	0.09%	0.08%
6	HDFC Bank Ltd	299.84	99.10%	0.79%	0.07%	0.04%
7	Bank of Baroda	204.05	99.32%	0.34%	0.16%	0.19%
8	Union Bank of India	197.66	99.46%	0.35%	0.13%	0.06%
9	Canara Bank	146.64	96.56%	0.50%	2.48%	0.45%
10	Punjab National Bank	144.15	98.62%	0.49%	0.64%	0.24%
11	Kotak Mahindra Bank	127.46	98.22%	0.53%	0.76%	0.49%
12	Bank of India	118.62	99.53%	0.28%	0.15%	0.04%
13	Federal Bank	118.00	99.15%	0.19%	0.62%	0.05%
14	Indian Bank	77.67	99.05%	0.31%	0.42%	0.22%
15	IndusInd Bank	65.03	99.01%	0.37%	0.48%	0.14%
16	Airtel Payments Bank	64.05	98.64%	0.37%	0.78%	0.21%
17	Central Bank Of India	61.92	97.81%	0.58%	1.17%	0.44%
18	IDBI Bank Limited	46.38	98.63%	1.16%	0.17%	0.04%
19	Indian Overseas Bank	42.90	99.56%	0.35%	0.02%	0.07%
20	UCO Bank	37.05	98.30%	0.52%	0.88%	0.30%
21	Bank of Maharashtra	36.70	99.02%	0.26%	0.42%	0.30%
22	India Post Payment Bank	34.53	98.29%	0.59%	0.92%	0.20%
23	Karnataka Bank	29.40	94.52%	0.68%	3.78%	1.02%
24	Karur Vysya Bank	23.22	99.34%	0.35%	0.27%	0.04%
25	IDFC FIRST Bank	22.98	96.67%	1.05%	1.74%	0.54%
26	South Indian Bank	17.22	97.21%	0.40%	2.33%	0.06%
27	Bandhan Bank	16.78	97.46%	0.52%	1.88%	0.14%
28	Fino Payments Bank	13.92	95.24%	2.39%	2.19%	0.18%
29	AU small Finance Bank	13.00	97.46%	1.88%	0.48%	0.19%
30	Citibank	12.03	99.24%	0.57%	0.20%	0.00%
31	City Union Bank	11.37	98.62%	0.77%	0.54%	0.07%
32	Tamilnad Mercantile Bank	9.61	98.72%	0.26%	0.72%	0.29%
33	Equitas Small Finance Bank	9.41	97.94%	1.29%	0.64%	0.13%
34	Ujjivan Small Finance Bank	9.40	94.32%	0.31%	4.54%	0.83%
35	Pragathi Krishna Gramin Bank	8.20	95.70%	0.31%	2.92%	1.07%
36	Andhra Pradesh Grameena Vikas Bank	7.55	93.36%	0.17%	5.46%	1.01%
37	Punjab and Sind Bank	7.54	99.38%	0.31%	0.24%	0.07%
38	Maharashtra Gramin Bank	6.84	94.21%	0.87%	4.74%	0.18%
39	DBS Bank Ltd	6.59	98.38%	1.52%	0.04%	0.07%
40	Jammu and Kashmir Bank	6.46	95.12%	2.00%	2.80%	0.08%
41	Kerala Gramin Bank	5.92	97.64%	0.34%	1.46%	0.57%
42	Saraswat Bank	5.58	98.57%	0.19%	1.14%	0.10%
43	RBL Bank	5.39	96.72%	1.34%	1.85%	0.09%
44	ESAF Small Finance Bank Ltd.	5.17	99.13%	0.25%	0.56%	0.06%
45	Rajasthan Marudhara Gramin Bank	5.07	91.04%	2.20%	5.64%	1.12%
46	Andhra Pragathi Grameena Bank	5.03	91.38%	0.20%	6.18%	2.24%
47	Sarva Haryana Gramin Bank	4.42	86.49%	0.56%	10.70%	2.25%
48	Baroda Rajasthan Kshetriya Gramin Bank	4.23	84.27%	1.94%	12.12%	1.67%
49	Baroda UP Gramin Bank	4.13	91.79%	3.61%	4.36%	0.23%
50	Standard Chartered	3.61	99.34%	0.37%	0.29%	0.01%

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'22)

UPI Apps (May'22)
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	6.10	486.55	-	-	0.00	0.00	0.00	0.07	6.11	486.62
2	Allahabad Bank Apps	0.02	6.25	-	-	-	-	-	-	0.02	6.25
3	Amazon Pay	74.83	6,954.18	-	-	-	-	-	-	74.83	6,954.18
4	AU Small Finance Bank Apps	0.35	107.22	-	-	-	-	-	-	0.35	107.22
5	Axis Bank Apps	7.46	1,372.31	51.14	48.08	0.06	4.77	-	-	58.66	1,425.16
6	Bajaj Finserv	0.79	58.53	-	-	-	-	-	-	0.79	58.53
7	Bank of Baroda Apps	0.88	406.79	-	-	0.00	0.00	-	-	0.88	406.79
8	Bank of India Apps	0.12	40.04	-	-	-	-	-	-	0.12	40.04
9	Bank of Maharashtra Apps	0.06	16.47	-	-	-	-	-	-	0.06	16.47
10	BHIM	26.57	9,559.66	-	-	-	-	-	-	26.57	9,559.66
11	Canara Bank Apps	0.33	114.09	-	-	-	-	-	-	0.33	114.09
12	Central Bank of India Apps	0.15	55.40	-	-	-	-	-	-	0.15	55.40
13	Citi Bank Apps	0.13	78.71	-	-	0.00	0.00	-	-	0.13	78.71
14	City Union Bank Apps	0.03	10.06	-	-	-	-	-	-	0.03	10.06
15	Cointab	0.06	23.77	-	-	-	-	-	-	0.06	23.77
16	Cred	13.89	18,174.61	-	-	-	-	-	-	13.89	18,174.61
17	DBS Digibank Apps	0.47	186.33	-	-	-	-	-	-	0.47	186.33
18	Deutsche Bank Apps	1.64	116.54	-	-	0.00	0.00	-	-	1.64	116.55
19	Dhanlaxmi Bank Apps	0.01	3.35	-	-	-	-	-	-	0.01	3.35
20	Fave	0.10	6.12	-	-	-	-	-	-	0.10	6.12
21	Federal Bank Apps	3.42	474.12	-	-	-	-	-	-	3.42	474.12
22	Fino Payments bank Apps	0.04	3.83	-	-	-	-	-	-	0.04	3.83
23	Finserv Markets	0.01	1.01	-	-	-	-	-	-	0.01	1.01
24	Finshell Pay	0.09	4.68	-	-	-	-	-	-	0.09	4.68
25	GoIbibo	0.01	2.41	-	-	-	-	-	-	0.01	2.41
26	Google Pay	2,079.92	365,989.27	-	-	-	-	-	-	2,079.92	365,989.27
27	Groww	0.51	335.28	-	-	-	-	-	-	0.51	335.28
28	HDFC Bank Apps	6.95	1,981.11	-	-	-	-	-	-	6.95	1,981.11
29	HSBC Bank Apps	0.10	63.07	0.00	0.10	0.00	0.00	-	-	0.10	63.17
30	ICICI Bank Apps	32.75	9,221.65	2.01	120.93	2.82	1,714.32	-	-	37.59	11,056.90
31	IDBI Bank Apps	0.03	18.48	-	-	-	-	-	-	0.03	18.48
32	IDFC Bank Apps	4.75	626.34	-	-	0.00	0.00	-	-	4.75	626.34
33	India Post Payments Bank Apps	3.10	351.88	-	-	-	-	-	-	3.10	351.88
34	Indian Bank Apps	0.16	53.11	-	-	0.00	0.02	-	-	0.16	53.13
35	Indian Overseas Bank Apps	0.01	2.35	-	-	-	-	-	-	0.01	2.35
36	IndusInd Bank Apps	1.01	1,711.21	-	-	-	-	-	-	1.01	1,711.21
37	Janata Sahakari Bank Apps	0.01	4.79	-	-	-	-	-	-	0.01	4.79
38	Jio Payments Bank Apps	2.08	127.88	-	-	-	-	-	-	2.08	127.88
39	Jupiter	1.79	215.44	-	-	-	-	-	-	1.79	215.44
40	Jupiter Edge (LivQuick PPI)	0.10	5.74	-	-	-	-	-	-	0.10	5.74
41	Karnataka Bank Apps	0.33	40.34	-	-	-	-	-	-	0.33	40.34
42	Karur Vysya Bank Apps	0.04	17.69	-	-	-	-	-	-	0.04	17.69
43	Kotak Mahindra Bank Apps	8.50	1,882.81	-	-	0.00	2.19	-	-	8.50	1,885.00
44	MakeMyTrip	0.09	43.26	-	-	-	-	-	-	0.09	43.26
45	MI Pay	0.20	33.90	-	-	-	-	-	-	0.20	33.90
46	Mobikwik	2.46	397.70	-	-	-	-	-	-	2.46	397.70
47	NSDL Payments Bank Apps	0.02	2.39	-	-	-	-	-	-	0.02	2.39
48	Paytm Payments Bank App	780.87	91,546.50	3.66	5.96	0.19	224.61	102.73	16,499.70	887.45	108,276.78
49	PhonePe	2,778.75	511,028.81	-	-	-	-	-	-	2,778.75	511,028.81
50	Punjab National Bank Apps	0.09	43.77	-	-	-	-	-	-	0.09	43.77
51	Punjab Sind Bank Apps	0.01	6.39	-	-	-	-	-	-	0.01	6.39
52	RBL Bank Apps	0.32	124.01	-	-	0.05	1.38	-	-	0.38	125.39
53	Samsung Pay	4.11	490.30	-	-	-	-	-	-	4.11	490.30
54	South Indian Bank Apps	0.14	49.73	-	-	-	-	-	-	0.14	49.73
55	Standard Chartered Bank Apps	0.13	70.48	-	-	0.00	0.00	-	-	0.13	70.48
56	State Bank of India Apps	4.18	2,195.66	-	-	0.00	0.00	-	-	4.18	2,195.66
57	Tamilnad Mercantile Bank Apps	0.01	1.13	-	-	-	-	-	-	0.01	1.13
58	TataNeu	0.22	30.33	-	-	-	-	-	-	0.22	30.33
59	UCO Bank Apps	0.22	46.39	-	-	-	-	-	-	0.22	46.39
60	Ultracash	0.05	4.40	-	-	-	-	-	-	0.05	4.40
61	Union Bank Apps	0.45	211.85	-	-	-	-	-	-	0.45	211.85
62	Utkarsh Small Finance Bank Apps	0.01	4.43	-	-	-	-	-	-	0.01	4.43
63	WhatsApp	3.48	294.98	-	-	-	-	-	-	3.48	294.98
64	Yes Bank Apps	38.19	10,760.55	0.00	0.00	1.50	999.61	-	-	39.69	11,760.16
65	YuvaPay	0.04	88.95	-	-	-	-	-	-	0.04	88.95
66	Others	0.03	10.70	-	-	-	-	-	-	0.03	10.70

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 Payer PSP Performance

UPI Payer PSP Performance (May'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,261.47	98.37%	1.61%	0.02%
2	Axis Bank Ltd	970.33	98.49%	1.49%	0.02%
3	Paytm Payments Bank	798.33	98.30%	1.68%	0.03%
4	ICICI Bank	780.66	98.49%	1.49%	0.02%
5	State Bank Of India	631.19	98.40%	1.58%	0.03%
6	HDFC Bank Ltd	544.25	98.86%	1.12%	0.02%
7	BHIM	29.08	91.38%	8.58%	0.04%
8	Kotak Mahindra Bank	8.80	96.59%	3.41%	0.00%
9	Airtel Payments Bank	6.39	95.48%	4.35%	0.17%
10	IDFC FIRST Bank	5.16	94.93%	5.06%	0.01%
11	Federal Bank	3.58	97.16%	2.82%	0.02%
12	India Post Payment Bank	3.32	93.65%	6.31%	0.04%
13	Jio Payments Bank	2.18	95.37%	4.03%	0.60%
14	Deutsche Bank	1.64	99.95%	0.05%	0.00%
15	IndusInd Bank	1.05	98.55%	1.44%	0.02%

UPI Payee PSP Performance

UPI Payee PSP Performance (May'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,209.13	99.30%	0.64%	0.06%
2	Paytm Payments Bank	1,306.69	99.64%	0.35%	0.01%
3	Axis Bank Ltd	720.69	99.31%	0.43%	0.26%
4	ICICI Bank	631.63	99.61%	0.31%	0.08%
5	HDFC Bank Ltd	302.88	99.31%	0.60%	0.10%
6	State Bank Of India	295.44	99.15%	0.41%	0.43%
7	Federal Bank	72.78	96.44%	2.94%	0.63%
8	IndusInd Bank	38.48	97.26%	1.59%	1.15%
9	Kotak Mahindra Bank	27.06	98.71%	0.62%	0.67%
10	Airtel Payments Bank	14.81	98.76%	0.56%	0.68%
11	Citibank	9.52	99.46%	0.52%	0.02%
12	BHIM	9.00	96.35%	2.17%	1.48%
13	IDFC FIRST Bank	7.17	97.84%	0.80%	1.36%
14	Bank of Baroda	5.73	98.46%	1.51%	0.03%
15	AU small Finance Bank	3.95	99.52%	0.33%	0.15%

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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

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'22	5,955.20	10,41,520.07	3,408.55	8,27,153.68	2,546.65	2,14,366.39

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 Member Remitter Performance (Apr'22)

UPI Remitter Banks - Top 50 Banks (Apr'22)
Sr. No.	UPI Remitter Banks (Apr-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,540.38	90.30%	6.87%	2.83%	8.38	95.68%
2	HDFC Bank Ltd	496.36	94.08%	5.31%	0.61%	3.29	95.17%
3	Bank of Baroda	360.74	93.18%	6.51%	0.31%	1.98	98.94%
4	Union Bank of India	346.76	91.35%	8.09%	0.57%	3.01	66.96%
5	ICICI Bank	325.45	94.17%	4.63%	1.20%	3.06	63.74%
6	Paytm Payments Bank	316.18	95.53%	4.45%	0.02%	1.04	99.58%
7	Axis Bank Ltd	303.67	94.00%	5.25%	0.76%	1.39	77.11%
8	Punjab National Bank	261.09	93.09%	6.05%	0.86%	2.36	85.70%
9	Canara Bank	255.29	89.84%	8.12%	2.04%	4.63	80.40%
10	Kotak Mahindra Bank	232.63	91.70%	5.47%	2.83%	3.72	89.86%
11	Bank of India	202.42	94.25%	5.24%	0.51%	1.57	71.04%
12	Indian Bank	138.63	92.05%	7.13%	0.81%	1.20	78.64%
13	Central Bank Of India	109.91	91.78%	5.92%	2.31%	2.05	59.35%
14	Federal Bank	84.01	94.02%	5.69%	0.29%	0.49	90.07%
15	IDBI Bank Limited	78.15	94.76%	4.41%	0.83%	0.66	67.01%
16	Airtel Payments Bank	77.26	87.37%	11.68%	0.94%	0.70	88.24%
17	Bank of Maharashtra	71.17	93.46%	5.64%	0.90%	0.57	73.06%
18	Indian Overseas Bank	70.22	93.03%	5.64%	1.33%	0.80	76.12%
19	India Post Payment Bank	66.48	81.20%	17.29%	1.50%	0.60	67.74%
20	Yes Bank Ltd	61.17	93.61%	5.89%	0.50%	0.32	0.00%
21	UCO Bank	61.14	93.43%	6.13%	0.45%	0.51	74.33%
22	Karnataka Bank	51.30	90.45%	7.72%	1.83%	0.58	36.72%
23	IndusInd Bank	49.05	91.36%	8.37%	0.27%	0.29	93.93%
24	IDFC FIRST Bank	33.01	92.12%	6.57%	1.31%	0.38	42.68%
25	Karur Vysya Bank	32.79	92.57%	7.28%	0.15%	0.18	93.95%
26	Fino Payments Bank	31.73	82.51%	12.86%	4.63%	0.38	79.01%
27	Bandhan Bank	24.10	85.38%	11.79%	2.83%	0.19	17.92%
28	South Indian Bank	22.87	92.83%	6.43%	0.74%	0.19	97.12%
29	DBS Bank Ltd	19.33	94.56%	5.17%	0.27%	0.09	96.53%
30	City Union Bank	17.42	89.57%	9.61%	0.82%	0.14	82.07%
31	Equitas Small Finance Bank	16.93	84.38%	15.27%	0.35%	0.11	94.37%
32	Citibank	16.56	94.97%	4.45%	0.59%	0.07	94.86%
33	Standard Chartered	14.91	96.53%	2.90%	0.57%	0.10	96.28%
34	Ujjivan Small Finance Bank	14.48	90.92%	7.04%	2.04%	0.15	55.64%
35	Tamilnad Mercantile Bank	13.74	91.56%	8.08%	0.36%	0.08	56.86%
36	Andhra Pradesh Grameena Vikas Bank	13.57	76.90%	19.17%	3.92%	0.21	14.73%
37	AU small Finance Bank	13.42	93.48%	6.33%	0.19%	0.09	0.03%
38	Punjab and Sind Bank	13.28	86.25%	12.98%	0.77%	0.10	74.71%
39	Jammu and Kashmir Bank	13.27	86.01%	9.64%	4.35%	0.16	53.22%
40	Pragathi Krishna Gramin Bank	12.98	86.09%	11.30%	2.61%	0.21	56.54%
41	Maharashtra Gramin Bank	12.86	78.01%	16.47%	5.52%	0.22	17.55%
42	Saraswat Bank	11.82	94.77%	4.47%	0.76%	0.07	79.26%
43	Rajasthan Marudhara Gramin Bank	8.98	68.38%	22.66%	8.96%	0.22	10.80%
44	Andhra Pragathi Grameena Bank	8.73	67.91%	23.18%	8.91%	0.35	6.53%
45	Kerala Gramin Bank	8.23	87.77%	11.75%	0.48%	0.06	85.07%
46	ESAF Small Finance Bank Ltd.	7.96	86.83%	11.98%	1.19%	0.04	96.76%
47	Sarva Haryana Gramin Bank	7.33	85.43%	8.07%	6.50%	0.11	5.09%
48	RBL Bank	6.96	88.44%	10.50%	1.06%	0.06	72.50%
49	Karnataka Vikas Grameena Bank	6.71	72.65%	21.19%	6.16%	0.17	11.92%
50	Baroda Rajasthan Kshetriya Gramin Bank	6.28	84.59%	11.27%	4.14%	0.05	63.14%

UPI Top 50 Member Beneficiary Performance (Apr'22)

UPI Beneficiary Banks - Top 50 Banks (Apr'22)
Sr.No.	UPI Beneficiary Banks (Apr-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1265.52	99.73%	0.27%	0.01%	0.00%
2	Yes Bank Ltd	745.77	99.78%	0.05%	0.08%	0.09%
3	State Bank Of India	741.10	98.05%	0.30%	1.22%	0.42%
4	Axis Bank Ltd	408.62	98.28%	1.25%	0.06%	0.41%
5	ICICI Bank	406.50	98.68%	0.42%	0.56%	0.34%
6	HDFC Bank Ltd	278.39	98.65%	0.80%	0.39%	0.16%
7	Bank of Baroda	194.47	99.45%	0.34%	0.10%	0.11%
8	Union Bank of India	187.25	99.53%	0.29%	0.07%	0.12%
9	Canara Bank	142.04	98.15%	0.54%	0.54%	0.77%
10	Punjab National Bank	137.97	98.99%	0.53%	0.36%	0.12%
11	Kotak Mahindra Bank	133.77	97.71%	0.60%	0.72%	0.97%
12	Bank of India	113.71	99.37%	0.30%	0.15%	0.18%
13	Federal Bank	110.35	99.74%	0.14%	0.08%	0.03%
14	Indian Bank	73.01	97.37%	1.53%	0.50%	0.60%
15	Central Bank Of India	59.29	98.09%	0.58%	0.61%	0.72%
16	Airtel Payments Bank	58.17	98.96%	0.52%	0.34%	0.18%
17	IndusInd Bank	56.25	98.93%	0.47%	0.11%	0.49%
18	IDBI Bank Limited	44.19	98.78%	0.73%	0.32%	0.18%
19	Indian Overseas Bank	40.13	99.03%	0.36%	0.20%	0.40%
20	Bank of Maharashtra	35.08	99.00%	0.26%	0.42%	0.32%
21	UCO Bank	34.95	99.07%	0.40%	0.24%	0.28%
22	India Post Payment Bank	31.26	98.40%	0.59%	0.82%	0.20%
23	Karnataka Bank	28.15	97.52%	0.79%	1.11%	0.58%
24	Karur Vysya Bank	22.17	99.57%	0.36%	0.03%	0.03%
25	IDFC FIRST Bank	21.27	98.31%	0.88%	0.50%	0.32%
26	South Indian Bank	16.25	99.44%	0.32%	0.20%	0.03%
27	Bandhan Bank	16.07	95.84%	0.55%	3.45%	0.15%
28	Fino Payments Bank	12.77	94.24%	2.54%	3.08%	0.13%
29	Citibank	12.75	99.35%	0.54%	0.11%	0.01%
30	AU small Finance Bank	12.43	97.65%	2.23%	0.04%	0.09%
31	City Union Bank	10.72	98.85%	0.79%	0.31%	0.04%
32	DBS Bank Ltd	9.27	98.46%	1.25%	0.19%	0.09%
33	Tamilnad Mercantile Bank	8.99	99.33%	0.37%	0.21%	0.09%
34	Ujjivan Small Finance Bank	8.75	97.24%	0.32%	2.08%	0.35%
35	Equitas Small Finance Bank	8.53	98.69%	0.98%	0.30%	0.03%
36	Pragathi Krishna Gramin Bank	7.73	98.55%	0.26%	0.36%	0.82%
37	Andhra Pradesh Grameena Vikas Bank	7.20	97.41%	0.18%	1.71%	0.70%
38	Punjab and Sind Bank	6.93	98.72%	0.34%	0.67%	0.27%
39	Maharashtra Gramin Bank	6.41	95.37%	0.36%	3.58%	0.69%
40	Kerala Gramin Bank	5.60	99.38%	0.29%	0.12%	0.21%
41	Jammu and Kashmir Bank	5.59	95.20%	1.69%	2.93%	0.19%
42	Saraswat Bank	5.46	99.13%	0.21%	0.59%	0.07%
43	RBL Bank	5.02	95.21%	4.28%	0.34%	0.17%
44	Andhra Pragathi Grameena Bank	4.83	90.92%	0.45%	6.09%	2.53%
45	ESAF Small Finance Bank Ltd.	4.82	98.90%	0.28%	0.78%	0.03%
46	Rajasthan Marudhara Gramin Bank	4.72	86.28%	3.02%	7.54%	3.16%
47	Sarva Haryana Gramin Bank	4.16	86.06%	0.44%	11.97%	1.53%
48	Baroda UP Gramin Bank	4.03	81.43%	7.14%	11.20%	0.23%
49	Baroda Rajasthan Kshetriya Gramin Bank	3.73	94.38%	2.20%	3.09%	0.34%
50	Karnataka Vikas Grameena Bank	3.55	92.76%	2.54%	3.87%	0.83%

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 (Apr'22)

UPI Apps (Apr'22)
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)
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	5.29	454.64	-	-	-	-	0.01	6.26	5.30	460.90
2	Amazon Pay	73.21	6,699.57	-	-	-	-	-	-	73.21	6,699.57
3	AU Small Finance Bank Apps	0.32	109.89	-	-	-	-	-	-	0.32	109.89
4	Axis Bank Apps	7.19	1,213.44	56.84	43.71	0.00	0.00	-	-	64.03	1,257.15
5	Bajaj Finserv	0.52	38.61	-	-	-	-	-	-	0.52	38.61
6	Bank of Baroda Apps	0.77	344.65	-	-	-	-	-	-	0.77	344.65
7	Bank of India Apps	0.10	32.62	0.00	0.00	-	-	-	-	0.10	32.62
8	Bank of Maharashtra Apps	0.05	14.56	-	-	-	-	-	-	0.05	14.56
9	BHIM	25.69	8,354.34	-	-	-	-	-	-	25.69	8,354.34
10	Canara Bank Apps	0.31	110.31	-	-	-	-	-	-	0.31	110.31
11	Central Bank of India Apps	0.13	51.04	-	-	-	-	-	-	0.13	51.04
12	Citi Bank Apps	0.08	66.03	-	-	-	-	-	-	0.08	66.03
13	City Union Bank Apps	0.03	8.41	-	-	-	-	-	-	0.03	8.41
14	Cointab	0.07	28.50	-	-	-	-	-	-	0.07	28.50
15	Cred	13.05	16,372.92	-	-	-	-	-	-	13.05	16,372.92
16	DBS Digibank Apps	0.47	175.45	-	-	-	-	-	-	0.47	175.45
17	Deutsche Bank Apps	1.51	128.13	-	-	0.00	0.30	-	-	1.51	128.43
18	Dhanlaxmi Bank Apps	0.01	3.02	-	-	-	-	-	-	0.01	3.02
19	Fave	0.18	7.73	-	-	-	-	-	-	0.18	7.73
20	Federal Bank Apps	2.70	375.64	-	-	-	-	-	-	2.70	375.64
21	Fino Payments bank Apps	0.04	3.26	-	-	-	-	-	-	0.04	3.26
22	Finserv Markets	0.01	1.06	-	-	-	-	-	-	0.01	1.06
23	Finshell Pay	0.08	4.45	-	-	-	-	-	-	0.08	4.45
24	GoIbibo	0.01	3.31	-	-	-	-	-	-	0.01	3.31
25	Google Pay	1,914.77	344,791.35	-	-	-	-	-	-	1,914.77	344,791.35
26	Groww	0.61	376.18	-	-	-	-	-	-	0.61	376.18
27	HDFC Bank Apps	5.90	1,759.12	-	-	-	-	-	-	5.90	1,759.12
28	HSBC Bank Apps	0.11	59.70	0.00	0.02	-	-	-	-	0.11	59.72
29	ICICI Bank Apps	32.82	9,086.72	4.83	269.45	-	-	-	-	37.65	9,356.17
30	IDBI Bank Apps	0.03	16.78	-	-	-	-	-	-	0.03	16.78
31	IDFC Bank Apps	2.49	532.69	-	-	0.00	0.00	-	-	2.49	532.69
32	India Post Payments Bank Apps	2.80	328.53	-	-	-	-	-	-	2.80	328.53
33	Indian Bank Apps	0.14	49.90	-	-	0.00	0.00	-	-	0.14	49.90
34	Indian Overseas Bank Apps	0.01	1.52	-	-	-	-	-	-	0.01	1.52
35	IndusInd Bank Apps	1.02	2,596.71	-	-	-	-	-	-	1.02	2,596.71
36	Janata Sahakari Bank Apps	0.01	4.28	-	-	-	-	-	-	0.01	4.28
37	Jio Payments Bank Apps	2.10	126.25	-	-	-	-	-	-	2.10	126.25
38	Jupiter	1.47	186.13	-	-	-	-	-	-	1.47	186.13
39	Jupiter Edge (LivQuick PPI App)	0.01	0.43	-	-	-	-	-	-	0.01	0.43
40	Karnataka Bank Apps	0.27	35.58	-	-	-	-	-	-	0.27	35.58
41	Karur Vysya Bank Apps	0.04	18.54	-	-	-	-	-	-	0.04	18.54
42	Kotak Mahindra Bank Apps	7.96	1,684.35	-	-	-	-	-	-	7.96	1,684.35
43	MakeMyTrip	0.09	41.18	-	-	-	-	-	-	0.09	41.18
44	MI Pay	0.19	28.58	-	-	-	-	-	-	0.19	28.58
45	Mobikwik	2.37	421.47	-	-	-	-	-	-	2.37	421.47
46	NSDL Payments Bank Apps	0.02	2.32	-	-	-	-	-	-	0.02	2.32
47	Paytm Payments Bank App	740.76	85,918.88	11.15	15.98	-	-	99.70	15,714.20	851.61	101,649.06
48	PhonePe	2,616.26	486,557.03	-	-	-	-	-	-	2,616.26	486,557.03
49	Punjab National Bank Apps	0.09	46.27	-	-	-	-	-	-	0.09	46.27
50	Punjab Sind Bank Apps	0.01	5.38	-	-	-	-	-	-	0.01	5.38
51	RBL Bank Apps	0.30	113.65	-	-	0.00	0.00	-	-	0.30	113.65
52	Samsung Pay	3.81	470.11	-	-	-	-	-	-	3.81	470.11
53	South Indian Bank Apps	0.13	45.03	-	-	-	-	-	-	0.13	45.03
54	Standard Chartered Bank Apps	0.12	68.15	-	-	-	-	-	-	0.12	68.15
55	State Bank of India Apps	4.03	2,118.00	-	-	-	-	-	-	4.03	2,118.00
56	SuperPay	0.02	0.40	-	-	-	-	-	-	0.02	0.40
57	Tamilnad Mercantile Bank Apps	0.01	0.26	-	-	-	-	-	-	0.01	0.26
58	TataNeu	0.35	32.82	-	-	-	-	-	-	0.35	32.82
59	UCO Bank Apps	0.21	41.48	-	-	-	-	-	-	0.21	41.48
60	Ultracash	0.03	2.22	-	-	-	-	-	-	0.03	2.22
61	Union Bank Apps	0.42	198.34	-	-	-	-	-	-	0.42	198.34
62	Utkarsh Small Finance Bank Apps	0.01	3.88	-	-	-	-	-	-	0.01	3.88
63	WhatsApp	2.50	242.40	-	-	-	-	-	-	2.50	242.40
64	Yes Bank Apps	34.07	10,246.99	0.00	0.00	-	-	-	-	34.07	10,246.99
65	YuvaPay	0.06	103.34	-	-	-	-	-	-	0.06	103.34
66	Others	0.02	8.26	-	-	-	-	-	-	0.02	8.26

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'22	5,583.05	9,83,302.27	3,319.85	8,05,925.89	2,263.20	1,77,376.39

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 Payer PSP Performance

UPI Payer PSP Performance (Apr'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,152.51	98.19%	1.76%	0.05%
2	Axis Bank Ltd.	901.78	98.27%	1.69%	0.04%
3	State Bank Of India	572.75	98.05%	1.90%	0.05%
4	HDFC Bank Ltd	511.82	98.77%	1.18%	0.06%
5	Paytm Payments Bank	765.29	98.25%	1.70%	0.05%
6	ICICI Bank	719.84	98.38%	1.56%	0.05%
7	BHIM	27.73	92.65%	7.27%	0.08%
8	IndusInd Bank	1.09	95.80%	4.20%	0.01%
9	Kotak Mahindra Bank	8.26	96.48%	3.52%	0.00%
10	IDFC FIRST Bank	2.83	95.14%	4.82%	0.03%
11	Airtel Payments Bank	5.56	95.16%	4.65%	0.19%
12	Federal Bank	2.85	96.80%	3.15%	0.05%
13	Bank of Baroda	0.85	90.09%	9.85%	0.06%
14	India Post Payment Bank	2.96	94.67%	5.30%	0.03%
15	Union Bank of India	0.47	88.26%	11.73%	0.02%

UPI Payee PSP Performance

UPI Payee PSP Performance (Apr'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,086.39	98.95%	0.92%	0.13%
2	Paytm Payments Bank	1,209.18	99.66%	0.34%	0.01%
3	Axis Bank Ltd.	658.22	99.43%	0.49%	0.08%
4	ICICI Bank	591.22	99.28%	0.36%	0.36%
5	HDFC Bank Ltd	283.06	98.78%	0.73%	0.49%
6	State Bank Of India	279.84	99.25%	0.48%	0.26%
7	Federal Bank	69.08	96.77%	2.20%	1.02%
8	Kotak Mahindra Bank	36.83	98.90%	0.55%	0.55%
9	IndusInd Bank	30.98	98.53%	0.95%	0.52%
10	Airtel Payments Bank	13.44	99.51%	0.35%	0.14%
11	Citibank	10.28	99.29%	0.54%	0.17%
12	BHIM	8.66	98.93%	0.79%	0.28%
13	IDFC FIRST Bank	6.22	97.59%	1.21%	1.19%
14	Bank of Baroda	5.00	99.52%	0.33%	0.15%
15	AU small Finance Bank	3.82	99.49%	0.45%	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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Top 50 Member Remitter Performance (Mar'22)

UPI Remitter Banks - Top 50 Banks (Mar'22)
Sr. No.	UPI Remitter Banks (Mar-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,482.61	91.98%	6.87%	1.15%	7.41	99.10%
2	HDFC Bank Ltd	476.94	94.36%	5.38%	0.26%	2.91	85.80%
3	Bank of Baroda	349.91	92.74%	6.90%	0.36%	1.97	99.54%
4	Union Bank of India	325.96	90.71%	8.07%	1.22%	2.65	55.71%
5	Paytm Payments Bank	313.91	95.35%	4.62%	0.03%	0.92	98.41%
6	ICICI Bank	306.56	94.19%	5.26%	0.55%	1.53	83.46%
7	Axis Bank Ltd	293.88	95.37%	4.49%	0.15%	1.31	82.78%
8	Punjab National Bank	248.39	92.87%	6.11%	1.02%	2.17	81.95%
9	Canara Bank	248.09	90.70%	7.73%	1.57%	2.88	61.67%
10	Kotak Mahindra Bank	224.76	92.82%	5.65%	1.53%	2.90	89.21%
11	Bank of India	195.89	94.45%	5.05%	0.50%	1.35	68.83%
12	Indian Bank	131.47	89.49%	7.59%	2.92%	2.65	55.69%
13	Central Bank Of India	107.95	91.08%	6.67%	2.26%	2.12	66.80%
14	Federal Bank	79.55	94.21%	5.69%	0.10%	0.32	97.47%
15	IDBI Bank Limited	76.63	94.61%	4.40%	0.98%	0.54	77.56%
16	Airtel Payments Bank	75.44	86.37%	12.26%	1.37%	0.62	72.44%
17	Bank of Maharashtra	68.87	94.09%	5.15%	0.75%	0.40	75.53%
18	Indian Overseas Bank	66.95	93.10%	5.68%	1.21%	0.53	76.53%
19	Yes Bank Ltd	61.53	93.58%	6.24%	0.18%	0.12	0.00%
20	India Post Payment Bank	59.04	83.22%	16.36%	0.42%	0.37	82.54%
21	UCO Bank	57.85	91.69%	6.22%	2.09%	0.69	49.66%
22	Karnataka Bank	50.49	92.54%	6.60%	0.85%	0.38	47.43%
23	IndusInd Bank	47.00	90.32%	8.27%	1.41%	0.61	78.85%
24	IDFC FIRST Bank	32.19	91.91%	7.09%	1.00%	0.36	46.68%
25	Karur Vysya Bank	31.98	91.45%	7.78%	0.77%	0.25	73.24%
26	Fino Payments Bank	30.13	79.79%	15.01%	5.20%	0.34	78.20%
27	Bandhan Bank	23.40	84.46%	12.18%	3.35%	0.30	11.11%
28	South Indian Bank	22.87	92.48%	7.11%	0.40%	0.11	92.24%
29	DBS Bank Ltd	19.26	92.48%	5.50%	2.02%	0.09	91.68%
30	City Union Bank	17.34	87.64%	10.06%	2.29%	0.26	71.46%
31	Equitas Small Finance Bank	16.44	81.51%	14.78%	3.71%	0.14	66.62%
32	Citibank	16.10	93.59%	6.12%	0.29%	0.07	86.47%
33	Standard Chartered	14.26	96.67%	3.01%	0.32%	0.08	92.94%
34	Ujjivan Small Finance Bank	13.88	91.72%	7.34%	0.94%	0.15	47.47%
35	Andhra Pradesh Grameena Vikas Bank	13.18	76.38%	16.48%	7.14%	0.47	4.59%
36	Tamilnad Mercantile Bank	13.05	91.31%	8.07%	0.61%	0.10	44.92%
37	AU small Finance Bank	12.76	93.51%	6.21%	0.28%	0.09	0.01%
38	Pragathi Krishna Gramin Bank	12.54	85.69%	11.21%	3.09%	0.15	54.31%
39	Jammu and Kashmir Bank	12.45	84.56%	10.46%	4.97%	0.23	34.54%
40	Punjab and Sind Bank	12.35	88.58%	10.90%	0.52%	0.10	76.05%
41	Maharashtra Gramin Bank	12.17	81.97%	17.21%	0.82%	0.10	26.64%
42	Saraswat Bank	11.41	95.75%	3.88%	0.37%	0.07	88.57%
43	Rajasthan Marudhara Gramin Bank	9.68	64.81%	18.30%	16.90%	0.45	5.14%
44	Andhra Pragathi Grameena Bank	8.97	67.16%	25.09%	7.75%	0.44	3.86%
45	Kerala Gramin Bank	8.23	87.74%	11.98%	0.28%	0.04	91.43%
46	ESAF Small Finance Bank Ltd.	7.87	86.68%	11.84%	1.48%	0.05	85.74%
47	RBL Bank	7.14	86.44%	13.16%	0.41%	0.04	83.96%
48	Sarva Haryana Gramin Bank	7.00	87.10%	8.03%	4.87%	0.11	37.98%
49	Baroda Rajasthan Kshetriya Gramin Bank	6.78	74.10%	11.12%	14.79%	0.27	10.58%
50	Karnataka Vikas Grameena Bank	6.36	77.67%	16.00%	6.33%	0.25	6.83%

UPI Top 50 Member Beneficiary Performance (Mar'22)

UPI Beneficiary Banks - Top 50 Banks (Mar'22)
Sr.No.	UPI Beneficiary Banks (Mar-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1210.84	99.74%	0.25%	0.00%	0.00%
2	State Bank Of India	737.53	99.03%	0.35%	0.44%	0.18%
3	Yes Bank Ltd	678.13	99.71%	0.22%	0.05%	0.03%
4	Axis Bank Ltd	413.31	99.18%	0.57%	0.02%	0.23%
5	ICICI Bank	291.67	98.98%	0.69%	0.26%	0.06%
6	HDFC Bank Ltd	275.06	98.91%	0.92%	0.03%	0.14%
7	Bank of Baroda	191.67	99.00%	0.48%	0.40%	0.12%
8	Union Bank of India	179.59	98.65%	0.34%	0.83%	0.18%
9	Canara Bank	142.52	98.06%	0.69%	0.73%	0.52%
10	Punjab National Bank	133.47	98.42%	0.55%	0.82%	0.21%
11	Kotak Mahindra Bank	115.13	98.18%	0.67%	0.22%	0.92%
12	Bank of India	112.56	99.36%	0.32%	0.18%	0.14%
13	Federal Bank	112.07	99.74%	0.24%	0.02%	0.00%
14	Indian Bank	69.66	94.25%	3.18%	1.27%	1.30%
15	Airtel Payments Bank	60.14	98.52%	0.48%	0.79%	0.20%
16	Central Bank Of India	59.12	97.87%	0.64%	0.58%	0.90%
17	IndusInd Bank	51.42	98.51%	0.90%	0.35%	0.24%
18	IDBI Bank Limited	43.89	99.27%	0.53%	0.08%	0.11%
19	Indian Overseas Bank	39.20	98.75%	0.37%	0.62%	0.26%
20	Bank of Maharashtra	34.89	99.10%	0.28%	0.43%	0.19%
21	UCO Bank	33.57	97.77%	0.43%	1.34%	0.46%
22	India Post Payment Bank	29.42	99.17%	0.38%	0.23%	0.22%
23	Karnataka Bank	28.48	98.41%	0.92%	0.38%	0.29%
24	Karur Vysya Bank	21.84	99.08%	0.44%	0.30%	0.18%
25	IDFC FIRST Bank	20.88	98.31%	0.91%	0.22%	0.56%
26	South Indian Bank	16.17	99.32%	0.41%	0.25%	0.03%
27	Bandhan Bank	15.71	96.70%	0.60%	2.40%	0.30%
28	Fino Payments Bank	12.20	93.74%	2.28%	3.84%	0.15%
29	Citibank	12.09	99.17%	0.68%	0.03%	0.12%
30	AU small Finance Bank	11.83	97.89%	1.91%	0.08%	0.12%
31	City Union Bank	10.64	97.91%	1.07%	0.88%	0.15%
32	DBS Bank Ltd	9.56	94.91%	1.29%	3.69%	0.10%
33	Tamilnad Mercantile Bank	8.68	99.12%	0.42%	0.27%	0.19%
34	Equitas Small Finance Bank	8.53	94.20%	1.71%	3.55%	0.54%
35	Ujjivan Small Finance Bank	8.47	98.84%	0.38%	0.32%	0.46%
36	Pragathi Krishna Gramin Bank	7.55	98.51%	0.30%	0.50%	0.69%
37	Andhra Pradesh Grameena Vikas Bank	6.99	95.59%	0.12%	2.91%	1.38%
38	Punjab and Sind Bank	6.67	99.21%	0.36%	0.28%	0.15%
39	Maharashtra Gramin Bank	6.28	99.12%	0.25%	0.41%	0.22%
40	Kerala Gramin Bank	5.65	99.52%	0.28%	0.04%	0.17%
41	Saraswat Bank	5.43	99.42%	0.27%	0.26%	0.05%
42	Jammu and Kashmir Bank	5.29	94.71%	2.18%	2.87%	0.24%
43	Rajasthan Marudhara Gramin Bank	5.15	83.18%	2.50%	10.83%	3.50%
44	RBL Bank	5.13	96.18%	3.65%	0.09%	0.08%
45	ESAF Small Finance Bank Ltd.	4.83	98.77%	0.32%	0.82%	0.09%
46	Andhra Pragathi Grameena Bank	4.78	92.16%	1.37%	3.17%	3.30%
47	Baroda UP Gramin Bank	4.30	71.53%	4.96%	21.88%	1.62%
48	Sarva Haryana Gramin Bank	4.14	86.91%	0.61%	11.95%	0.53%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.00	84.39%	1.78%	11.47%	2.37%
50	Karnataka Vikas Grameena Bank	3.56	94.24%	1.56%	2.11%	2.09%

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 (Mar'22)

UPI Apps (Mar'22)
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	8.33	1,934.41	-	-	-	-	4.82	2,557.85	13.16	4,492.25
2	Allahabad Bank Apps	0.02	6.15	-	-	-	-	-	-	0.02	6.15
3	Amazon Pay	76.34	6,894.78	-	-	-	-	-	-	76.34	6,894.78
4	AU Small Finance Bank Apps	0.29	104.48	-	-	-	-	-	-	0.29	104.48
5	Axis Bank Apps	7.09	1,045.13	54.21	39.81	0.00	0.00	-	-	61.29	1,084.94
6	Bajaj Finserv	0.35	24.08	-	-	-	-	-	-	0.35	24.08
7	Bank of Baroda Apps	0.69	328.61	-	-	-	-	-	-	0.69	328.61
8	Bank of India Apps	0.08	26.22	-	-	-	-	-	-	0.08	26.22
9	Bank of Maharashtra Apps	0.05	15.00	-	-	-	-	-	-	0.05	15.00
10	BHIM	24.88	8,050.24	-	-	-	-	-	-	24.88	8,050.24
11	Canara Bank Apps	0.31	109.68	-	-	-	-	-	-	0.31	109.68
12	Central Bank of India Apps	0.14	50.67	-	-	-	-	-	-	0.14	50.67
13	Citi Bank Apps	0.11	68.41	-	-	-	-	-	-	0.11	68.41
14	City Union Bank Apps	0.03	7.30	-	-	-	-	-	-	0.03	7.30
15	Cointab	0.08	33.22	-	-	-	-	-	-	0.08	33.22
16	Cred	12.11	16,136.11	-	-	-	-	-	-	12.11	16,136.11
17	DBS Digibank Apps	0.49	185.52	-	-	-	-	-	-	0.49	185.52
18	Dena Bank Apps	0.02	29.32	-	-	-	-	-	-	0.02	29.32
19	Deutsche Bank Apps	1.02	91.66	-	-	0.00	1.36	-	-	1.02	93.02
20	Dhanlaxmi Bank Apps	0.01	3.29	-	-	-	-	-	-	0.01	3.29
21	Fave	0.37	13.00	-	-	-	-	-	-	0.37	13.00
22	Federal Bank Apps	2.45	360.96	-	-	-	-	-	-	2.45	360.96
23	Fino Payments bank Apps	0.04	3.47	-	-	-	-	-	-	0.04	3.47
24	Finserv Markets	0.03	1.49	-	-	-	-	-	-	0.03	1.49
25	Finshell Pay	0.08	4.00	-	-	-	-	-	-	0.08	4.00
26	GoIbibo	0.02	5.91	-	-	-	-	-	-	0.02	5.91
27	Google Pay	1,838.12	338,873.25	-	-	-	-	-	-	1,838.12	338,873.25
28	Groww	0.83	472.71	-	-	-	-	-	-	0.83	472.71
29	HDFC Bank Apps	5.45	1,624.54	-	-	-	-	-	-	5.45	1,624.54
30	HSBC Bank Apps	0.10	61.85	0.00	0.16	-	-	-	-	0.10	62.00
31	ICICI Bank Apps	31.49	10,304.08	3.65	234.61	-	-	-	-	35.13	10,538.69
32	IDBI Bank Apps	0.03	16.25	-	-	-	-	-	-	0.03	16.25
33	IDFC Bank Apps	2.70	534.56	-	-	0.00	0.00	-	-	2.70	534.56
34	India Post Payments Bank Apps	2.95	321.14	-	-	-	-	-	-	2.95	321.14
35	Indian Bank Apps	0.11	42.26	-	-	0.00	0.00	-	-	0.11	42.26
36	Indian Overseas Bank Apps	0.01	1.62	-	-	-	-	-	-	0.01	1.62
37	IndusInd Bank Apps	1.03	2,252.30	-	-	-	-	-	-	1.03	2,252.30
38	Jammu and Kashmir Bank Apps	0.01	2.15	-	-	-	-	-	-	0.01	2.15
39	Janata Sahakari Bank Apps	0.01	4.51	-	-	-	-	-	-	0.01	4.51
40	Jio Payments Bank Apps	2.27	129.50	-	-	-	-	-	-	2.27	129.50
41	Jupiter	1.32	164.80	-	-	-	-	-	-	1.32	164.80
42	Karnataka Bank Apps	0.30	37.96	-	-	0.00	0.00	-	-	0.30	37.96
43	Karur Vysya Bank Apps	0.04	18.29	-	-	-	-	-	-	0.04	18.29
44	Kotak Mahindra Bank Apps	7.92	1,587.51	-	-	-	-	-	-	7.92	1,587.51
45	MakeMyTrip	0.10	47.10	-	-	-	-	-	-	0.10	47.10
46	MI Pay	0.24	36.02	-	-	-	-	-	-	0.24	36.02
47	Mobikwik	3.60	739.25	-	-	-	-	-	-	3.60	739.25
48	NSDL Payments Bank Apps	0.02	2.28	-	-	-	-	-	-	0.02	2.28
49	Paytm Payments Bank App	729.63	83,840.44	9.77	17.68	-	-	97.74	11,792.24	837.14	95,650.36
50	PhonePe	2,527.15	471,401.26	-	-	-	-	-	-	2,527.15	471,401.26
51	Punjab National Bank Apps	0.09	46.64	-	-	-	-	-	-	0.09	46.64
52	Punjab Sind Bank Apps	0.01	3.80	-	-	-	-	-	-	0.01	3.80
53	RBL Bank Apps	0.46	126.74	-	-	0.00	0.00	-	-	0.46	126.75
54	Samsung Pay	3.73	473.50	-	-	-	-	-	-	3.73	473.50
55	South Indian Bank Apps	0.13	44.63	-	-	-	-	-	-	0.13	44.63
56	Standard Chartered Bank Apps	0.13	69.84	-	-	-	-	-	-	0.13	69.84
57	State Bank of India Apps	4.01	2,130.56	-	-	0.00	0.00	-	-	4.01	2,130.56
58	SuperPay	0.10	0.64	-	-	-	-	-	-	0.10	0.64
59	UCO Bank Apps	0.19	40.88	-	-	-	-	-	-	0.19	40.88
60	Ultracash	0.03	1.12	-	-	-	-	-	-	0.03	1.12
61	Union Bank Apps	0.41	197.01	-	-	-	-	-	-	0.41	197.01
62	Utkarsh Small Finance Bank Apps	0.01	3.90	-	-	-	-	-	-	0.01	3.90
63	WhatsApp	2.54	239.78	-	-	-	-	-	-	2.54	239.78
64	Yes Bank Apps	35.25	8,746.74	0.00	0.00	-	-	-	-	35.25	8,746.74
65	YuvaPay	0.06	105.39	-	-	-	-	-	-	0.06	105.39
66	Others	0.02	8.11	-	-	-	-	-	-	0.02	8.11

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)
Mar'22	5,405.65	9,60,581.66	3,201.15	7,77,823.30	2,204.50	1,82,758.36

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 Payer PSP Performance

UPI Payer PSP Performance (Mar'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,106.68	98.19%	1.81%	0.00%
2	Axis Bank Ltd.	865.64	98.24%	1.76%	0.00%
3	Paytm Payments Bank	753.45	98.13%	1.85%	0.02%
4	State Bank Of India	547.43	97.97%	2.02%	0.01%
5	HDFC Bank Ltd	499.24	98.72%	1.28%	0.00%
6	ICICI Bank	657.73	98.37%	1.62%	0.01%
7	BHIM	27.02	92.10%	7.84%	0.06%
8	Airtel Payments Bank	10.48	79.57%	20.31%	0.12%
9	Kotak Mahindra Bank	8.31	96.51%	3.49%	0.00%
10	IDFC FIRST Bank	3.23	95.90%	4.09%	0.01%
11	India Post Payment Bank	3.10	95.39%	4.59%	0.02%
12	Federal Bank	2.61	97.01%	2.98%	0.01%
13	Jio Payments Bank	2.37	95.70%	3.80%	0.50%
14	IndusInd Bank	1.07	97.29%	2.71%	0.01%
15	Deutsche Bank	1.05	99.87%	0.13%	0.00%

UPI Payee PSP Performance

UPI Payee PSP Performance (Mar'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,015.28	98.67%	0.79%	0.54%
2	Paytm Payments Bank	1,162.91	98.58%	1.39%	0.03%
3	Axis Bank Ltd.	659.40	99.17%	0.42%	0.42%
4	HDFC Bank Ltd	280.47	98.64%	1.08%	0.28%
5	State Bank Of India	274.29	98.94%	0.53%	0.53%
6	ICICI Bank	465.07	98.72%	0.39%	0.88%
7	Federal Bank	70.53	99.78%	0.04%	0.18%
8	IndusInd Bank	27.59	97.27%	1.53%	1.20%
9	Kotak Mahindra Bank	18.99	99.05%	0.65%	0.30%
10	Airtel Payments Bank	17.35	98.77%	0.07%	1.15%
11	Citibank	9.67	98.72%	0.00%	1.27%
12	BHIM	8.58	97.77%	0.20%	2.02%
13	IDFC FIRST Bank	6.87	97.57%	0.14%	2.29%
14	Bank of Baroda	4.70	99.34%	0.45%	0.21%
15	AU small Finance Bank	3.67	99.59%	0.00%	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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Top 50 Member Remitter Performance (Feb'22)

UPI Remitter Banks - Top 50 Banks (Feb'22)
Sr. No.	UPI Remitter Banks (Feb-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,242.45	90.66%	6.79%	2.55%	11.28	75.33%
2	HDFC Bank Ltd	400.52	94.62%	5.20%	0.19%	2.37	96.32%
3	Bank of Baroda	294.86	92.42%	6.89%	0.69%	1.83	96.92%
4	Union Bank of India	280.49	90.55%	8.32%	1.14%	3.52	47.42%
5	Paytm Payments Bank	263.34	95.18%	4.75%	0.07%	1.06	94.64%
6	ICICI Bank	259.62	94.42%	5.30%	0.28%	1.55	88.66%
7	Axis Bank Ltd	248.03	95.45%	4.18%	0.36%	1.68	67.14%
8	Punjab National Bank	207.63	92.73%	6.00%	1.27%	2.57	80.38%
9	Canara Bank	204.75	92.88%	6.72%	0.39%	1.31	86.79%
10	Kotak Mahindra Bank	187.06	92.90%	5.67%	1.44%	2.46	83.89%
11	Bank of India	166.31	92.90%	5.19%	1.91%	2.21	45.86%
12	Indian Bank	114.49	87.11%	6.59%	6.30%	3.55	34.70%
13	Central Bank Of India	91.62	91.53%	6.88%	1.59%	1.58	76.30%
14	Federal Bank	65.00	94.00%	5.48%	0.52%	0.41	86.47%
15	IDBI Bank Limited	64.77	95.29%	4.43%	0.29%	0.43	90.67%
16	Airtel Payments Bank	61.39	86.12%	12.37%	1.52%	0.64	72.15%
17	Bank of Maharashtra	58.24	94.00%	5.15%	0.86%	0.34	80.07%
18	Indian Overseas Bank	56.56	92.81%	5.94%	1.25%	0.82	72.03%
19	Yes Bank Ltd	53.95	94.68%	5.05%	0.28%	0.11	67.70%
20	UCO Bank	48.24	92.84%	6.30%	0.86%	0.51	64.59%
21	India Post Payment Bank	46.47	80.74%	16.11%	3.15%	1.10	28.20%
22	Karnataka Bank	42.93	90.88%	7.75%	1.37%	0.39	45.48%
23	IndusInd Bank	39.64	91.72%	7.72%	0.56%	0.33	88.87%
24	Karur Vysya Bank	27.14	90.89%	8.51%	0.60%	0.23	78.40%
25	IDFC FIRST Bank	26.84	92.84%	6.33%	0.83%	0.23	56.43%
26	Fino Payments Bank	23.81	81.19%	15.88%	2.93%	0.24	91.90%
27	South Indian Bank	19.25	91.98%	7.80%	0.22%	0.09	97.15%
28	Bandhan Bank	19.15	89.28%	9.68%	1.03%	0.17	14.19%
29	DBS Bank India Limited	16.64	93.77%	5.90%	0.33%	0.09	81.62%
30	City Union Bank	14.32	91.96%	6.58%	1.46%	0.18	91.15%
31	Equitas Small Finance Bank	13.88	83.73%	15.31%	0.96%	0.12	78.93%
32	Citibank	13.65	94.96%	4.88%	0.17%	0.04	99.05%
33	Standard Chartered	11.92	96.44%	3.07%	0.48%	0.07	81.27%
34	Ujjivan Small Finance Bank	11.81	88.80%	7.89%	3.31%	0.30	34.40%
35	Tamilnad Mercantile Bank	10.92	90.18%	8.92%	0.90%	0.14	42.89%
36	Andhra Pradesh Grameena Vikas Bank	10.71	78.91%	15.80%	5.29%	0.12	21.53%
37	AU small Finance Bank	10.51	93.36%	6.38%	0.26%	0.08	0.02%
38	Pragathi Krishna Gramin Bank	10.41	85.79%	10.82%	3.39%	0.17	50.63%
39	Maharashtra Gramin Bank	10.27	77.38%	14.62%	8.00%	0.16	19.94%
40	Jammu and Kashmir Bank	10.04	86.27%	9.24%	4.49%	0.21	28.76%
41	Saraswat Bank	9.79	94.30%	4.08%	1.62%	0.14	56.48%
42	Punjab and Sind Bank	9.72	83.04%	12.94%	4.02%	0.14	50.51%
43	Andhra Pragathi Grameena Bank	7.44	69.16%	26.39%	4.45%	0.21	9.48%
44	Rajasthan Marudhara Gramin Bank	7.25	80.18%	15.08%	4.74%	0.18	12.98%
45	Kerala Gramin Bank	7.02	87.02%	11.90%	1.09%	0.06	76.84%
46	ESAF Small Finance Bank Ltd.	6.49	87.36%	10.65%	1.99%	0.05	85.68%
47	RBL Bank	6.08	91.62%	7.83%	0.55%	0.04	88.13%
48	Baroda Rajasthan Kshetriya Gramin Bank	5.94	81.09%	8.47%	10.44%	0.28	12.84%
49	Sarva Haryana Gramin Bank	5.82	85.73%	11.06%	3.20%	0.10	73.42%
50	Karnataka Vikas Grameena Bank	5.15	82.04%	13.75%	4.21%	0.11	13.28%

UPI Top 50 Member Beneficiary Performance (Feb'22)

UPI Beneficiary Banks - Top 50 Banks (Feb'22)
Sr.No.	UPI Beneficiary Banks (Feb-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	980.72	99.71%	0.27%	0.01%	0.01%
2	State Bank Of India	618.15	97.84%	0.37%	1.32%	0.47%
3	Yes Bank Ltd	583.50	99.89%	0.09%	0.01%	0.01%
4	Axis Bank Ltd	338.97	99.64%	0.23%	0.03%	0.10%
5	ICICI Bank	291.95	98.84%	0.93%	0.17%	0.07%
6	HDFC Bank Ltd	238.45	98.75%	1.12%	0.06%	0.08%
7	Bank of Baroda	160.40	98.94%	0.39%	0.39%	0.28%
8	Union Bank of India	154.66	98.96%	0.47%	0.22%	0.34%
9	Canara Bank	121.04	99.09%	0.79%	0.06%	0.07%
10	Punjab National Bank	112.52	98.26%	0.58%	0.87%	0.29%
11	Bank of India	95.11	98.27%	0.44%	0.82%	0.48%
12	Federal Bank	93.08	99.56%	0.23%	0.15%	0.06%
13	Kotak Mahindra Bank	92.40	98.27%	0.75%	0.12%	0.85%
14	Indian Bank	62.84	90.27%	4.47%	3.51%	1.75%
15	Airtel Payments Bank	51.15	98.59%	0.74%	0.40%	0.27%
16	Central Bank Of India	51.07	98.18%	0.69%	0.36%	0.77%
17	IndusInd Bank	43.70	98.97%	0.45%	0.24%	0.33%
18	IDBI Bank Limited	37.88	99.28%	0.57%	0.10%	0.05%
19	Indian Overseas Bank	33.13	98.98%	0.44%	0.21%	0.37%
20	Bank of Maharashtra	29.80	98.87%	0.30%	0.66%	0.17%
21	UCO Bank	28.27	98.72%	0.50%	0.40%	0.37%
22	Karnataka Bank	24.19	98.27%	0.71%	0.67%	0.35%
23	India Post Payment Bank	23.37	98.17%	0.40%	1.05%	0.38%
24	Karur Vysya Bank	18.61	99.19%	0.46%	0.22%	0.13%
25	IDFC FIRST Bank	18.00	98.42%	0.88%	0.55%	0.16%
26	South Indian Bank	13.61	99.39%	0.44%	0.15%	0.01%
27	Bandhan Bank	13.22	98.44%	0.65%	0.82%	0.09%
28	Citibank	11.19	99.34%	0.64%	0.02%	0.00%
29	Fino Payments Bank	9.90	95.14%	2.65%	2.14%	0.07%
30	AU small Finance Bank	9.80	97.76%	2.06%	0.06%	0.12%
31	City Union Bank	9.09	98.17%	1.17%	0.56%	0.11%
32	DBS Bank India Limited	8.21	98.23%	1.52%	0.16%	0.09%
33	Equitas Small Finance Bank	7.27	97.87%	1.01%	0.87%	0.24%
34	Tamilnad Mercantile Bank	7.20	98.68%	0.67%	0.25%	0.39%
35	Ujjivan Small Finance Bank	7.03	96.68%	0.42%	1.54%	1.36%
36	Pragathi Krishna Gramin Bank	6.42	97.58%	0.31%	1.27%	0.85%
37	Andhra Pradesh Grameena Vikas Bank	5.90	97.15%	0.20%	2.03%	0.63%
38	Maharashtra Gramin Bank	5.49	91.33%	0.22%	7.92%	0.53%
39	Punjab and Sind Bank	5.26	94.80%	0.40%	4.07%	0.73%
40	Kerala Gramin Bank	4.83	98.85%	0.29%	0.56%	0.30%
41	Saraswat Bank	4.66	98.47%	0.33%	0.81%	0.40%
42	Rajasthan Marudhara Gramin Bank	4.20	96.33%	0.27%	1.64%	1.76%
43	Jammu and Kashmir Bank	4.13	95.53%	1.72%	2.27%	0.48%
44	RBL Bank	4.11	97.54%	2.01%	0.25%	0.20%
45	ESAF Small Finance Bank Ltd.	4.11	98.03%	0.33%	1.52%	0.11%
46	Andhra Pragathi Grameena Bank	4.04	94.63%	1.43%	2.15%	1.79%
47	Baroda Rajasthan Kshetriya Gramin Bank	3.53	89.65%	1.92%	5.63%	2.81%
48	Sarva Haryana Gramin Bank	3.44	87.60%	1.14%	10.72%	0.53%
49	Baroda UP Gramin Bank	3.20	87.81%	6.05%	4.66%	1.48%
50	Karnataka Vikas Grameena Bank	3.03	96.71%	0.23%	2.16%	0.89%

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 (Feb'22)

UPI Apps (Feb'22)
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	5.80	1,199.46	-	-	-	-	1.77	1,010.71	7.58	2,210.17
2	Allahabad Bank App	0.02	6.28	-	-	-	-	-	-	0.02	6.28
3	Amazon Pay	63.49	6,044.47	-	-	-	-	-	-	63.49	6,044.47
4	AU Small Finance Bank App	0.25	89.36	-	-	-	-	-	-	0.25	89.36
5	Axis Bank Apps	6.90	1,366.34	47.88	38.91	0.00	0.00	-	-	54.78	1,405.26
6	Bajaj Finserv	0.33	19.32	-	-	-	-	-	-	0.33	19.32
7	Bank of Baroda Apps	0.67	330.69	-	-	0.00	0.00	-	-	0.67	330.69
8	Bank of India App	0.05	21.28	-	-	-	-	-	-	0.05	21.28
9	Bank of Maharashtra App	0.05	12.49	-	-	-	-	-	-	0.05	12.49
10	BHIM	23.25	7,891.86	-	-	-	-	-	-	23.25	7,891.86
11	Canara Bank App	0.26	95.78	-	-	-	-	-	-	0.26	95.78
12	Central Bank of India App	0.12	45.26	-	-	-	-	-	-	0.12	45.26
13	Citi Bank App	0.08	69.22	-	-	-	-	-	-	0.08	69.22
14	City Union Bank App	0.02	5.49	-	-	-	-	-	-	0.02	5.49
15	Cointab	1.73	280.57	-	-	-	-	-	-	1.73	280.57
16	Cred	10.08	13,364.09	-	-	-	-	-	-	10.08	13,364.09
17	DBS Digibank App	0.46	173.63	-	-	-	-	-	-	0.46	173.63
18	Dena Bank App	0.02	23.93	-	-	-	-	-	-	0.02	23.93
19	Deutsche Bank App	0.87	70.43	-	-	-	-	-	-	0.87	70.43
20	Dhanlaxmi Bank App	0.01	2.83	-	-	-	-	-	-	0.01	2.83
21	Federal Bank App	0.55	108.21	-	-	0.00	0.00	-	-	0.55	108.21
22	Fino Payments bank App	0.03	3.25	-	-	-	-	-	-	0.03	3.25
23	Finshell Pay	0.06	3.80	-	-	-	-	-	-	0.06	3.80
24	Google Pay	1,524.09	291,273.46	-	-	-	-	-	-	1,524.09	291,273.46
25	HDFC Bank Apps	4.59	1,370.03	-	-	-	-	-	-	4.59	1,370.03
26	HSBC Bank App	0.08	52.94	0.00	0.04	-	-	-	-	0.08	52.97
27	ICICI Bank Apps	27.39	8,537.11	3.27	190.34	-	-	-	-	30.66	8,727.44
28	IDBI Bank App	0.02	14.60	-	-	-	-	-	-	0.02	14.60
29	IDFC Bank App	1.21	321.93	-	-	0.00	0.00	-	-	1.21	321.93
30	India Post Payments Bank App	2.21	268.90	-	-	-	-	-	-	2.21	268.90
31	Indian Bank App	0.11	42.07	-	-	-	-	-	-	0.11	42.07
32	IndusInd Bank App	0.77	1,358.24	-	-	-	-	-	-	0.77	1,358.24
33	Jammu and Kashmir Bank App	0.01	3.43	-	-	-	-	-	-	0.01	3.43
34	Janta Sahakari Bank App	0.01	4.33	-	-	-	-	-	-	0.01	4.33
35	Jio Payments Bank App	1.97	111.85	-	-	-	-	-	-	1.97	111.85
36	Jupiter Money	1.13	140.79	-	-	-	-	-	-	1.13	140.79
37	Karnataka Bank App	0.25	31.35	-	-	-	-	-	-	0.25	31.35
38	Karur Vysya Bank App	0.04	17.17	-	-	-	-	-	-	0.04	17.17
39	Kotak Mahindra Bank Apps	6.91	1,383.30	-	-	-	-	-	-	6.91	1,383.30
40	MakeMy Trip	0.08	33.03	-	-	-	-	-	-	0.08	33.03
41	MI Pay	0.25	38.46	-	-	-	-	-	-	0.25	38.46
42	Mobikwik	3.78	755.89	-	-	-	-	-	-	3.78	755.89
43	NSDL Payments Bank App	0.02	1.77	-	-	-	-	-	-	0.02	1.77
44	Paytm Payments Bank App	613.77	72,204.32	8.48	18.96	-	-	84.52	14,075.94	706.77	86,299.22
45	PhonePe	2,120.20	407,640.11	-	-	-	-	-	-	2,120.20	407,640.11
46	Punjab National Bank App	0.08	43.49	-	-	-	-	-	-	0.08	43.49
47	Punjab Sindh Bank Apps	0.01	2.66	-	-	-	-	-	-	0.01	2.66
48	RBL Bank App	0.51	107.25	-	-	0.00	0.00	-	-	0.51	107.25
49	Samsung Pay	3.14	421.97	-	-	-	-	-	-	3.14	421.97
50	South Indian Bank App	0.12	38.69	-	-	-	-	-	-	0.12	38.69
51	Standard Chartered Bank App	0.12	64.70	-	-	-	-	-	-	0.12	64.70
52	State Bank of India Apps	3.38	1,863.42	-	-	0.00	0.00	-	-	3.38	1,863.42
53	UCO Bank App	0.16	35.05	-	-	-	-	-	-	0.16	35.05
54	Ultracash	1.51	158.70	-	-	-	-	-	-	1.51	158.70
55	Union Bank Apps	0.35	166.72	-	-	-	-	-	-	0.35	166.72
56	Utkarsh Small Finance Bank	0.01	2.42	-	-	-	-	-	-	0.01	2.42
57	WhatsApp	2.24	207.09	-	-	-	-	-	-	2.24	207.09
58	Yes Bank Apps	31.99	6,551.55	0.19	0.06	-	-	-	-	32.17	6,551.61
59	YuvaPay	0.05	89.70	-	-	-	-	-	-	0.05	89.70
60	Others	0.02	8.15	-	-	-	-	-	-	0.02	8.15

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)
Feb'22	4,527.49	8,26,843.00	2,631.65	6,63,841.98	1,895.84	1,63,001.03

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 Payer PSP Performance

UPI Payer PSP Performance (Feb'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	1792.10	97.87%	2.13%	0.00%
2	Axis Bank Ltd.	723.79	98.06%	1.94%	0.00%
3	Paytm Payments Bank	634.58	98.06%	1.92%	0.02%
4	ICICI Bank	552.51	97.94%	2.06%	0.00%
5	State Bank Of India	446.83	97.74%	2.24%	0.02%
6	HDFC BANK LTD	418.82	98.61%	1.39%	0.00%
7	BHIM	25.47	91.28%	8.57%	0.15%
8	Kotak Mahindra Bank	7.18	96.20%	3.80%	0.00%
9	Airtel Payments Bank	6.65	87.23%	12.54%	0.23%
10	IDFC FIRST Bank	2.86	95.00%	4.96%	0.04%
11	India Post Payment Bank	2.36	93.44%	6.50%	0.06%
12	Federal Bank	2.36	96.84%	3.12%	0.04%
13	Jio Payments Bank	2.07	95.10%	4.40%	0.50%
14	Deutsche Bank	0.88	99.92%	0.08%	0.00%
15	INDUSIND BANK	0.81	94.84%	5.15%	0.01%

UPI Payee PSP Performance

UPI Payee PSP Performance (Feb'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	1712.70	98.95%	0.97%	0.08%
2	Paytm Payments Bank	927.78	99.68%	0.29%	0.03%
3	Axis Bank Ltd.	553.08	98.03%	0.57%	1.40%
4	ICICI Bank	486.09	98.39%	0.56%	1.05%
5	HDFC BANK LTD	243.04	97.90%	1.86%	0.24%
6	State Bank Of India	231.97	96.00%	0.72%	3.28%
7	Federal Bank	59.54	97.85%	0.04%	2.11%
8	INDUSIND BANK	23.53	96.35%	2.11%	1.54%
9	Airtel Payments Bank	15.75	99.34%	0.08%	0.58%
10	Kotak Mahindra Bank	10.77	98.65%	0.74%	0.61%
11	Citibank	9.04	99.42%	0.00%	0.58%
12	BHIM	8.19	88.62%	0.21%	11.17%
13	IDFC FIRST Bank	6.00	98.73%	0.13%	1.14%
14	Bank of Baroda	3.60	99.12%	0.17%	0.71%
15	AU small Finance Bank	2.88	99.26%	0.00%	0.74%

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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Top 50 Member Remitter Performance (Jan'22)

UPI Remitter Banks - Top 50 Banks (Jan'22)
Sr. No.	UPI Remitter Banks (Jan-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,291.88	91.70%	7.10%	1.21%	8.17	95.66%
2	HDFC Bank Ltd	406.61	94.01%	5.71%	0.29%	2.52	91.30%
3	Bank of Baroda	299.12	92.13%	7.38%	0.49%	1.55	98.88%
4	Union Bank of India	287.21	90.21%	8.82%	0.97%	3.17	46.80%
5	ICICI Bank	274.00	95.14%	4.69%	0.17%	1.22	69.88%
6	Paytm Payments Bank	262.28	94.95%	4.97%	0.08%	1.06	94.04%
7	Axis Bank Ltd	243.68	95.25%	4.49%	0.25%	0.96	97.79%
8	Punjab National Bank	213.48	92.49%	6.90%	0.61%	1.67	90.03%
9	Canara Bank	206.30	92.47%	7.05%	0.47%	1.26	92.99%
10	Kotak Mahindra Bank	186.34	94.30%	5.42%	0.29%	0.93	86.27%
11	Bank of India	171.56	93.02%	5.38%	1.60%	1.82	50.40%
12	Indian Bank	115.76	88.38%	6.29%	5.33%	4.23	40.42%
13	Central Bank Of India	95.53	90.13%	6.97%	2.90%	2.34	63.32%
14	IDBI Bank Limited	66.58	94.57%	4.69%	0.75%	0.57	64.13%
15	Federal Bank	62.84	93.07%	5.39%	1.55%	0.55	71.18%
16	Airtel Payments Bank	62.35	86.08%	11.94%	1.98%	0.59	72.95%
17	Bank of Maharashtra	59.90	93.98%	5.36%	0.66%	0.33	83.88%
18	Indian Overseas Bank	56.35	93.65%	6.03%	0.32%	0.36	85.81%
19	Yes Bank Ltd	49.25	93.93%	5.92%	0.15%	0.11	95.73%
20	UCO Bank	48.84	91.28%	7.47%	1.25%	0.56	52.87%
21	India Post Payment Bank	46.70	76.03%	17.56%	6.42%	2.33	15.73%
22	Karnataka Bank	43.45	88.64%	8.92%	2.44%	0.50	32.26%
23	IndusInd Bank	39.77	90.66%	8.82%	0.52%	0.27	92.96%
24	IDFC First Bank	27.57	92.69%	6.07%	1.24%	0.36	32.94%
25	Karur Vysya Bank	27.44	90.87%	8.20%	0.93%	0.25	66.96%
26	Fino Payments Bank	23.19	78.89%	18.67%	2.44%	0.21	99.04%
27	Bandhan Bank	19.49	87.73%	10.99%	1.28%	0.17	14.62%
28	South Indian Bank	19.31	92.59%	7.17%	0.24%	0.08	95.71%
29	DBS Bank India Limited	17.27	92.94%	5.77%	1.29%	0.14	53.46%
30	City Union Bank	14.54	89.16%	6.49%	4.35%	0.32	66.19%
31	Citibank	14.16	94.68%	4.59%	0.72%	0.07	99.50%
32	Equitas Small Finance Bank	13.53	83.50%	15.72%	0.78%	0.10	82.94%
33	Andhra Pradesh Grameena Vikas Bank	12.37	67.73%	17.88%	14.39%	0.59	5.74%
34	Standard Chartered	12.23	94.56%	3.44%	2.00%	0.11	50.59%
35	Ujjivan Small Finance Bank	11.96	89.62%	7.81%	2.57%	0.22	36.94%
36	Tamilnad Mercantile Bank	10.67	90.33%	8.76%	0.91%	0.11	38.94%
37	Maharashtra Gramin Bank	10.52	82.13%	15.25%	2.62%	0.19	15.73%
38	AU small Finance Bank	10.33	92.78%	6.36%	0.86%	0.11	0.03%
39	Saraswat Bank	10.21	94.69%	4.89%	0.43%	0.06	74.07%
40	Pragathi Krishna Gramin Bank	10.21	87.48%	11.41%	1.11%	0.08	64.09%
41	Jammu and Kashmir Bank	9.80	89.15%	9.41%	1.43%	0.07	79.09%
42	Punjab and Sind Bank	9.60	88.55%	11.08%	0.37%	0.07	89.90%
43	Andhra Pragathi Grameena Bank	8.63	61.73%	33.23%	5.04%	0.26	5.75%
44	Rajasthan Marudhara Gramin Bank	7.57	75.62%	14.19%	10.19%	0.32	7.37%
45	Kerala Gramin Bank	7.18	87.13%	12.14%	0.73%	0.04	87.28%
46	ESAF Small Finance Bank Ltd.	6.81	84.30%	11.88%	3.81%	0.05	75.80%
47	RBL Bank	6.05	91.98%	7.87%	0.15%	0.03	92.58%
48	Baroda Rajasthan Kshetriya Gramin Bank	5.75	87.79%	9.44%	2.77%	0.09	33.87%
49	Sarva Haryana Gramin Bank	5.65	88.63%	8.19%	3.19%	0.09	79.14%
50	Telangana Grameena bank	5.26	78.85%	15.20%	5.96%	0.16	7.75%

UPI Top 50 Member Beneficiary Performance (January'22)

UPI Beneficiary Banks - Top 50 Banks (January'22)
Sr.No.	UPI Beneficiary Banks (January-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	957.39	99.27%	0.69%	0.04%	0.01%
2	State Bank Of India	647.80	98.59%	0.50%	0.77%	0.14%
3	Yes Bank Ltd	593.69	99.91%	0.06%	0.02%	0.01%
4	ICICI Bank	378.39	99.07%	0.78%	0.04%	0.12%
5	Axis Bank Ltd	353.13	99.51%	0.44%	0.00%	0.05%
6	HDFC Bank Ltd	246.23	98.41%	1.35%	0.06%	0.17%
7	Bank of Baroda	161.69	99.20%	0.47%	0.13%	0.20%
8	Union Bank of India	157.03	98.87%	0.63%	0.16%	0.35%
9	Canara Bank	122.30	98.63%	0.97%	0.25%	0.14%
10	Punjab National Bank	114.09	98.30%	0.71%	0.63%	0.37%
11	Bank of India	99.09	97.88%	0.67%	1.08%	0.37%
12	Kotak Mahindra Bank	94.65	98.61%	1.22%	0.03%	0.14%
13	Federal Bank	90.94	98.89%	0.26%	0.69%	0.16%
14	Indian Bank	62.69	92.59%	3.98%	1.67%	1.75%
15	Central Bank Of India	52.47	97.24%	0.78%	0.70%	1.29%
16	Airtel Payments Bank	50.67	97.93%	0.79%	0.95%	0.33%
17	IndusInd Bank	41.99	98.24%	0.71%	0.22%	0.82%
18	IDBI Bank Limited	38.58	98.84%	0.76%	0.22%	0.18%
19	Indian Overseas Bank	33.42	99.21%	0.58%	0.09%	0.13%
20	Bank of Maharashtra	30.65	99.00%	0.37%	0.45%	0.18%
21	UCO Bank	28.06	97.52%	1.27%	0.74%	0.47%
22	IDFC First Bank	24.19	98.20%	1.02%	0.29%	0.49%
23	Karnataka Bank	23.95	97.13%	0.79%	1.41%	0.67%
24	India Post Payment Bank	22.84	97.61%	0.50%	0.99%	0.90%
25	Karur Vysya Bank	18.68	98.84%	0.58%	0.36%	0.22%
26	South Indian Bank	13.71	99.03%	0.72%	0.22%	0.02%
27	Bandhan Bank	13.17	98.07%	0.78%	1.00%	0.15%
28	Citibank	12.15	98.54%	1.43%	0.02%	0.00%
29	AU small Finance Bank	9.54	98.61%	0.88%	0.23%	0.28%
30	Fino Payments Bank	9.41	94.59%	3.54%	1.81%	0.06%
31	City Union Bank	9.21	96.00%	1.33%	2.41%	0.26%
32	DBS Bank India Limited	8.68	95.63%	3.44%	0.65%	0.27%
33	Equitas Small Finance Bank	7.12	97.83%	1.38%	0.67%	0.12%
34	Ujjivan Small Finance Bank	7.12	97.29%	0.51%	1.22%	0.98%
35	Tamilnad Mercantile Bank	7.03	98.59%	0.64%	0.38%	0.39%
36	Pragathi Krishna Gramin Bank	6.40	99.09%	0.31%	0.19%	0.41%
37	Andhra Pradesh Grameena Vikas Bank	6.04	90.63%	0.16%	6.25%	2.96%
38	Maharashtra Gramin Bank	5.52	97.32%	0.36%	1.35%	0.97%
39	Punjab and Sind Bank	5.22	99.05%	0.59%	0.29%	0.08%
40	Saraswat Bank	4.93	98.97%	0.68%	0.24%	0.11%
41	Kerala Gramin Bank	4.88	99.37%	0.36%	0.12%	0.15%
42	RBL Bank	4.34	96.76%	3.15%	0.05%	0.05%
43	Rajasthan Marudhara Gramin Bank	4.27	92.64%	0.36%	4.16%	2.83%
44	ESAF Small Finance Bank Ltd.	4.22	96.17%	0.38%	3.26%	0.20%
45	Andhra Pragathi Grameena Bank	4.12	94.82%	0.29%	2.57%	2.31%
46	Jammu and Kashmir Bank	4.05	97.07%	1.73%	1.10%	0.11%
47	Sarva Haryana Gramin Bank	3.47	87.71%	1.02%	11.02%	0.25%
48	Baroda Rajasthan Kshetriya Gramin Bank	3.43	96.13%	2.10%	1.00%	0.77%
49	Karnataka Vikas Grameena Bank	3.14	97.09%	0.88%	1.04%	0.99%
50	Standard Chartered	3.05	95.83%	2.67%	1.23%	0.28%

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 (Jan'22)

UPI Apps (Jan'22)
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	8.53	2,047.45	-	-	-	-	4.69	2,682.32	13.22	4,729.77
2	Allahabad Bank App	0.02	7.36	-	-	-	-	-	-	0.02	7.36
3	Amazon Pay	73.50	6,729.66	-	-	-	-	-	-	73.50	6,729.66
4	AU Small Finance Bank App	0.23	81.15	-	-	-	-	-	-	0.23	81.15
5	Axis Bank Apps	6.78	1,058.77	40.47	34.25	-	-	-	-	47.25	1,093.02
6	Bajaj Finserv	0.24	12.88	-	-	-	-	-	-	0.24	12.88
7	Bank of Baroda Apps	0.71	342.85	-	-	-	-	-	-	0.71	342.85
8	Bank of India App	0.05	20.23	-	-	-	-	-	-	0.05	20.23
9	Bank of Maharashtra App	0.05	12.46	-	-	-	-	-	-	0.05	12.46
10	BHIM	25.82	8,511.91	-	-	-	-	-	-	25.82	8,511.91
11	Canara Bank App	0.26	98.95	-	-	-	-	-	-	0.26	98.95
12	Central Bank of India App	0.13	47.33	-	-	-	-	-	-	0.13	47.33
13	Citi Bank App	0.09	77.80	-	-	-	-	-	-	0.09	77.80
14	City Union Bank App	0.02	4.92	-	-	-	-	-	-	0.02	4.92
15	Cointab	1.21	179.22	-	-	-	-	-	-	1.21	179.22
16	Cred	10.68	14,189.86	-	-	-	-	-	-	10.68	14,189.86
17	DBS Digibank App	0.51	186.79	-	-	-	-	-	-	0.51	186.79
18	Dena Bank App	0.02	26.50	-	-	-	-	-	-	0.02	26.50
19	Deutsche Bank App	0.92	61.95	-	-	-	0.13	-	-	0.92	62.08
20	Dhanlaxmi Bank App	0.01	2.95	-	-	-	-	-	-	0.01	2.95
21	Federal Bank App	0.54	109.25	-	-	-	-	-	-	0.54	109.25
22	Fino Payments bank App	0.03	2.79	-	-	-	-	-	-	0.03	2.79
23	Finshell Pay	0.07	3.69	-	-	-	-	-	-	0.07	3.69
24	Google Pay	1,584.20	298,267.07	-	-	-	-	-	-	1,584.20	298,267.07
25	HDFC Bank Apps	4.94	1,366.89	-	-	-	-	-	-	4.94	1,366.89
26	HSBC Bank App	0.08	54.47	0.00	0.09	-	-	-	-	0.08	54.57
27	ICICI Bank Apps	29.87	8,491.18	3.57	215.87	-	-	-	-	33.43	8,707.05
28	IDBI Bank App	0.02	12.54	-	-	-	-	-	-	0.02	12.54
29	IDFC Bank App	1.22	316.37	-	-	-	-	-	-	1.22	316.37
30	India Post Payments Bank App	2.65	309.42	-	-	-	-	-	-	2.65	309.42
31	Indian Bank App	0.13	47.42	-	-	-	-	-	-	0.13	47.42
32	IndusInd Bank App	0.74	1,218.79	-	-	-	-	-	-	0.74	1,218.79
33	Jammu and Kashmir Bank App	0.01	2.47	-	-	-	-	-	-	0.01	2.47
34	Janta Sahakari Bank App	0.01	4.46	-	-	-	-	-	-	0.01	4.46
35	Jio Payments Bank App	2.05	114.39	-	-	-	-	-	-	2.05	114.39
36	Jupiter Money	1.02	156.15	-	-	-	-	-	-	1.02	156.15
37	Karnataka Bank App	0.25	31.19	-	-	-	-	-	-	0.25	31.19
38	Karur Vysya Bank App	0.04	17.37	-	-	-	-	-	-	0.04	17.37
39	Kotak Mahindra Bank Apps	6.88	1,333.06	-	-	-	-	-	-	6.88	1,333.06
40	MakeMy Trip	0.06	19.63	-	-	-	-	-	-	0.06	19.63
41	MI Pay	0.27	40.51	-	-	-	-	-	-	0.27	40.51
42	Mobikwik	3.87	886.55	-	-	-	-	-	-	3.87	886.55
43	NSDL Payments Bank App	0.02	1.45	-	-	-	-	-	-	0.02	1.45
44	Paytm Payments Bank App	615.90	70,892.01	8.00	13.36	-	-	86.38	14,220.60	710.28	85,125.97
45	PhonePe	2,140.28	405,173.78	-	-	-	-	-	-	2,140.28	405,173.78
46	Punjab National Bank App	0.09	44.86	-	-	-	0.00	-	-	0.09	44.86
47	Punjab Sindh Bank App	0.01	2.87	-	-	-	-	-	-	0.01	2.87
48	RBL Bank App	0.42	101.45	-	-	0.01	0.00	-	-	0.43	101.45
49	Samsung Pay	3.17	431.07	-	-	-	-	-	-	3.17	431.07
50	South Indian Bank App	0.13	41.40	-	-	-	-	-	-	0.13	41.40
51	Standard Chartered Bank App	0.11	60.49	-	-	-	-	-	-	0.11	60.49
52	State Bank of India Apps	3.62	1,967.04	-	-	0.00	0.01	-	-	3.62	1,967.05
53	UCO Bank App	0.16	37.26	-	-	-	-	-	-	0.16	37.26
54	Ultracash	2.14	177.63	-	-	-	-	-	-	2.14	177.63
55	Union Bank Apps	0.39	182.27	-	-	-	-	-	-	0.39	182.27
56	WhatsApp	2.34	205.83	-	-	-	-	-	-	2.34	205.83
57	Yes Bank Apps	27.24	5,816.96	0.35	0.20	-	-	-	-	27.59	5,817.16
58	YuvaPay	0.05	77.12	-	-	-	-	-	-	0.05	77.12
59	Others	0.02	9.08	-	-	-	-	-	-	0.02	9.08

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 forty (40) 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)
Jan'22	4,617.15	8,31,993.11	2,757.61	6,67,270.65	1,859.54	1,64,722.46

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 Payer PSP Performance

UPI Payer PSP Performance (Jan'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	1,822.82	98.20%	1.79%	0.01%
2	Axis Bank Ltd.	727.18	98.10%	1.54%	0.36%
3	Paytm Payments Bank	637.22	97.91%	1.76%	0.33%
4	ICICI Bank	570.85	98.08%	1.59%	0.33%
5	State Bank Of India	463.35	97.71%	1.79%	0.50%
6	HDFC BANK LTD	426.94	98.48%	0.99%	0.53%
7	BHIM	28.08	91.94%	7.67%	0.39%
8	Airtel Payments Bank	10.34	82.46%	17.27%	0.27%
9	Kotak Mahindra Bank	7.11	96.67%	3.33%	0.00%
10	IDFC FIRST Bank	3.49	96.09%	3.83%	0.08%
11	India Post Payment Bank	2.85	93.07%	6.92%	0.01%
12	Jio Payments Bank	2.19	93.71%	5.29%	1.00%
13	Federal Bank	1.82	96.50%	3.09%	0.41%
14	Deutsche Bank	0.94	99.91%	0.09%	0.00%
15	INDUSIND BANK	0.85	86.48%	13.46%	0.06%

UPI Payee PSP Performance

UPI Payee PSP Performance (Jan'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	1,749.57	99.09%	0.68%	0.23%
2	Paytm Payments Bank	901.14	99.39%	0.50%	0.11%
3	Axis Bank Ltd.	563.88	98.94%	0.67%	0.39%
4	ICICI Bank	519.30	98.82%	0.88%	0.30%
5	HDFC BANK LTD	249.47	97.12%	2.46%	0.42%
6	State Bank Of India	236.59	97.91%	1.02%	1.07%
7	Federal Bank	57.95	97.47%	0.03%	2.50%
8	INDUSIND BANK	21.39	97.85%	0.99%	1.16%
9	Airtel Payments Bank	15.75	99.15%	0.09%	0.76%
10	Kotak Mahindra Bank	11.53	98.67%	1.00%	0.33%
11	IDFC FIRST Bank	11.17	99.07%	0.14%	0.79%
12	Citibank	9.79	99.59%	0.00%	0.41%
13	BHIM	8.75	97.25%	0.23%	2.52%
14	Bank of Baroda	3.60	99.24%	0.14%	0.62%
15	AU small Finance Bank	2.76	97.11%	0.00%	2.89%

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.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

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

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UPI Top 50 Member Remitter Performance (Dec'22)

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UPI Apps (Dec'22)

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UPI Merchant Category Classification - December 22

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UPI Top 50 Member Remitter Performance (Nov'22)

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UPI Apps (Nov'22)

UPI P2P and P2M Transactions

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UPI Merchant Category Classification - November 22

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UPI Top 50 Member Remitter Performance (Oct'22)

UPI Top 50 Member Beneficiary Performance (Oct'22)

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UPI Apps (Oct'22)

UPI P2P and P2M Transactions

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UPI Payer PSP Performance

UPI Payee PSP Performance

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UPI Merchant Category Classification - October 22

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UPI Top 50 Member Remitter Performance (Sep'22)

UPI Top 50 Member Beneficiary Performance (Sep'22)

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UPI Apps (Sep'22)

UPI P2P and P2M Transactions

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UPI Payer PSP Performance

UPI Payee PSP Performance

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UPI Merchant Category Classification - September 22

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UPI Top 50 Member Remitter Performance (Aug'22)

UPI Top 50 Member Beneficiary Performance (Aug'22)

Glossary

UPI Apps (Aug'22)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

UPI Payee PSP Performance

Glossary

UPI Merchant Category Classification - August 22

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UPI Top 50 Member Remitter Performance (Jul'22)

UPI Top 50 Member Beneficiary Performance (Jul'22)

Glossary

UPI Apps (Jul'22)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

UPI Payee PSP Performance

Glossary

UPI Top 50 Member Remitter Performance (Jun'22)

UPI Top 50 Member Beneficiary Performance (Jun'22)

Glossary

UPI Apps (Jun'22)

UPI Payer PSP Performance

UPI Payee PSP Performance

Glossary

UPI P2P and P2M Transactions

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UPI Top 50 Member Remitter Performance (May'22)

UPI Top 50 Member Beneficiary Performance (May'22)

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UPI Apps (May'22)