Lok Sabha Question No. 334 (UNSTARRED), answered on 2017-02-03
Subject: Credit/Debit Cards
Ministry: FINANCE
Asked by: RAJESH RANJAN  (PAPPU  YADAV)

## 334.  SHRI RAJESH RANJAN:

Will the Minister of FINANCE be pleased to state:

- (a) the number of credit and debit cards including RuPay Cards issued by the public sector banks during the last three years and the current year, bank-wise;
- (b) the  total  amount  of  transactions  made  through  RuPay,  Visa  and  Master  debit  card  as  well  as  credit  card  post announcement of demonetization;
- (c) whether the Government has any proposal to introduce RuPay credit cards and if so, the details thereof;
- (d) the details of charges that goes to Visa / Master Card on every transactions;
- (e) whether the Visa and Master Card companies levy charges for every transaction and if so, the details thereof; and
- (f) the measures taken by the Government to increase the number of RuPay debit cards in circulation?

## ANSWER

The Minister of State in the Ministry of Finance

(SHRI SANTOSH KUMAR GANGWAR)

- (a):  Reserve Bank of India (RBI) collects information on the number of debit and credit cards outstanding by the Scheduled Commercial Banks (SCBs). The credit and debit cards outstanding for the last three years is placed below:

(in millions)

|                                                |   2013-14 (As at the end of March 31, 2014) |   2014-15 (As at the end of March 31, 2015) |   2015-16 (As at the end of March 31, 2016) |   2016-17 (As at the end of Dec 31, 2016) |
|------------------------------------------------|---------------------------------------------|---------------------------------------------|---------------------------------------------|-------------------------------------------|
| Credit Cards Outstanding (Public Sector Banks) |                                        3.85 |                                        4.31 |                                        5.05 |                                      5.55 |
| Total Credit Card Outstanding                  |                                       19.18 |                                       21.11 |                                       24.51 |                                     28.09 |
| Debit Cards Outstanding (Public Sector Banks)  |                                      315.97 |                                      459.63 |                                      548.5  |                                    627.81 |
| Total Debit Card Outstanding                   |                                      394.42 |                                      553.45 |                                      661.54 |                                    751.73 |
| Total Cards Outstanding                        |                                      413.6  |                                      574.56 |                                      686.04 |                                    779.83 |

The bank-wise information of Scheduled Commercial Banks on the number of credit and debit card outstanding for the last three years is available on RBI website at https://rbi.org.in/Scripts/ATMView.aspx

- (b):  RBI collects bank wise information on transactions done through credit and debit cards at ATM and POS on a monthly basis. However, bifurcation of data on the basis of card network operators is not available with RBI.
- (c):  National Payment Corporation of India (NPCI) has submitted a proposal for approval for launch of Rupay Credit Cards to Department of Payment & Settlement Systems (DPSS), RBI. The same is under process.
- (d) & (e):  The authorised card networks such as RuPay, Visa, MasterCard, Amex and Diners levy types of charges on the member banks for the services that are provided by them. One such charge is the network fees / switching fees that is paid by the  acquiring  and  issuing  banks  to  the  respective  card  network  for  each  transaction.  These  charges  are  decided  by  the network and its members. The Reserve Bank has not issued any regulations in this regard.
- (f):    RBI  has  authorised  five  card  networks  in  the  country  for  issuance  of  debit  and/or  credit  cards  through  the  franchisee banks. The Reserve Bank does not prescribe to banks the network with which they have to affiliate to issue the cards.

The Government had prescribed the issuance of RuPay cards to each of the account holders who have opened the accounts under the Prime Minister Jan DhanYojana.

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

## LOK SABHA

## UNSTARRED QUESTION NO.334

TO BE ANSWERED ON THE 3 rd  February 2017/ Magha 14, 1938 (SAKA)

## Credit / Debit Cards QUESTION