Lok Sabha Question No. 3060 (UNSTARRED), answered on 2018-01-05
Subject: Debit and Credit Cards
Ministry: FINANCE
Asked by: ALOK SANJAR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICE

## LOK SABHA UNSTARRED QUESTION No. 3060

## Debit and Credit Cards

TO BE ANSWERED ON January 05,.2018/Pausha 15, 1939 (Saka) Friday.

## 3060. SHRI ALOK SANJAR:

Will the Minister of FINANCE be pleased t0 state:

- (a) the amount of money transacted or through debit and credit cards in the country during the last three years and the current year; bank-wise; paid
- (c) whether the cash transaetion in the country has declined due to digital mode of payment: and
- (b) the number of new debit and credit cards issued during the said periods by PSBs, bankwise:
- (d) if so, the details thereof?

## Answer

## The Minister of State in the Ministry of Finance (SHRI SHIV PRATAP SHUKLA)

- (a) As per the information received from Reserve Bank of India (RBl), the value of transactions by using credit cards and debit cards at Point of Sale (POS) for Public Sector Banks (PSBs) for the    financial year 2014-15, 2015-16, 2016-17 and 2017-18   (till October 2017) is attached at Annexure-1 . The information on transaction on payment on  internet through debit and credit cards is not centrally maintained.
- (b) As per the information received from RBL, the number of outstanding credit and debit cards: of Public Sector Banks (PSBs), as at the end of March for the three financial years 2014-15. 2015-16. 2016-17 and as October 2017 for financial year 2017-18 is   attached al Annexure 2\_
- (c) to (d) RBI has apprised that a considerable growth in digital transactions i.e Real  Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), Immediate Payment System (IMPS) National Automated Clearing House (NACH) Card Payments. Prepaid Payment Instruments (PPIs), Unified Payment Interface (UPI) and Unstructured Supplimentary Service Data (USSD) transactions, is observed during the last 3 years as well as the current financial year: Detailed information is at Annexure 3

23 2

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3

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|    |    | ]   |     |     |       |      |    |     |     |     |     | 8     |

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|     | 8   | H    | 3   | 8    |      | 3   | 1 3   |
|-----|-----|------|-----|------|------|-----|-------|
| 1   |     |      |     | 2    | 8    | 8   | 1     |
| 8 2 |     |      | E   | 8y 0 |      | 0 8 |       |
|     |     |      |     |      |      | 0   | 1     |
| 2   |     | 0    |     |      | 8 01 | 8 N |       |
| 3   |     |      |     |      | 8    | 8   |       |
| 8   |     |      |     |      | 88   | 3 8 |       |
|     |     |      | 8   | 8 8  | 8    | 8   |       |
|     |     | Elle |     |      |      |     |       |

## 1

## 6 0 3 8 8