Digital Payments Index for September 2021 published by RBI // Some Information about RBI and Digital Payment Index // 2022 Current Affairs //

 Digital Payments Index for September 2021 published by RBI:

Digital Payment Index [DPI] published by the Reserve Bank of India, which measure the extent of digital payment modes in India, rose to 304.06 in September 2021 against 270.59 for March 2021. Pandemic and growing next-gen population is the main thrust for booming digital payment numbers.

The index was constructed by RBI in January 2021 by taking 2018 as the base year. The DPI score of march 2018 was set at 100. DPI published on a semi-annual basis from March 2021.

The Index comprises 5 parameters, based on which the DPI score is calculated. These are – 

(i) Payment Enablers (weight 25%), 

(ii) Payment Infrastructure – Demand-side factors (10%), 

(iii) Payment Infrastructure – Supply-side factors (15%), 

(iv) Payment Performance (45%) and 

(v) Consumer Centricity (5%).

SPECIAL NOTES FOR ASPIRANTS: 

• RBI was established in the year 1935 by the RBI Act,1934.

• RBI Nationalised in the year 1949[1st january]

• RBI HQ- Mumbai [Shifted to Mumbai in 1937 from Kolkata]

• RBI Governor- Shaktikanta Das [25th]

• Official Emblem of RBI- a standing Royal Bengal Tiger in front of a Palm Tree.