According to the data released by the Reserve Bank of India, what was the recorded value of the RBI Digital Payments Index (RBI-DPI) for March 2025?

The correct answer is 493.22.

Step-by-Step Explanation:
1. About RBI-DPI: The Reserve Bank of India Digital Payments Index (RBI-DPI) was constructed by the central bank to capture and evaluate the extent of digitization of financial transactions across India.
2. Base Period and Parameters: The index is calculated with March 2018 as the base period (Base Index = 100). It is evaluated based on five broad parameters:
• Payment Enablers (25% weightage)
• Payment Infrastructure – Demand-side factors (10% weightage)
• Payment Infrastructure – Supply-side factors (15% weightage)
• Payment Performance (45% weightage)
• Consumer Centricity (5% weightage)
3. Recorded Value: According to the official data released by the Reserve Bank of India, the RBI Digital Payments Index recorded for March 2025 reached 493.22, highlighting sustained momentum and deepening penetration of digital payment modes across the country.