Economic facts and development
Economy
Economic facts and development
India has over 150,000 bank branches and 213,000 ATMs, ensuring financial services reach both urban and rural areas.
Pradhan Mantri Jan Dhan Yojana opened over 460 million bank accounts, making it the world's largest financial inclusion program.
UPI (Unified Payments Interface) processed over 10 billion transactions monthly in 2023, revolutionizing digital payments in India.
India has 12 public sector banks, 22 private sector banks, and 46 foreign banks operating, serving diverse financial needs.
IFSC (Indian Financial System Code) uniquely identifies each bank branch in India, facilitating electronic fund transfers nationwide.