How India SpendsBy India Dispatch June 2026 live
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Cards

India's card economy.

120.45 million credit cards were outstanding in May 2026. RBI's bankwise release also records card payments and cash withdrawals.

RBI · May 2026

Credit cards outstanding

120.45 million cards in circulation.

A 36-month interval from May 2023 to May 2026. Labels mark the latest month and the same month in prior years.

Credit cards outstandingCredit cards outstanding from May 2023 to May 2026, ending at 120.45 million.30.11 million60.23 million90.34 million120.45 millionMay 23May 24May 25May 26
Number outstanding at month end across reporting banks.

For more charts, visit spends.indiadispatch.com

Credit card payments

595.5 million payments moved ₹2.03 trillion.

$21.27 billion at the current reference rate. Payment value excludes credit-card cash withdrawals.

Payment value₹2.03 trillion$21.27 billion
Credit card payment valueCredit card payment value from May 2023 to May 2026, ending at ₹2.03 trillion.₹548.74 billion₹1.1 trillion₹1.65 trillion₹2.19 trillion
Payment volume595.5 million
Credit card payment volumeCredit card payment volume from May 2023 to May 2026, ending at 595.5 million.148.9 million297.8 million446.6 million595.5 millionMay 23May 24May 25May 26

For more charts, visit spends.indiadispatch.com

Largest card books

Ten banks account for most credit cards.

Cards outstanding at the end of May 2026.

01HDFC Bank26.58 million
02State Bank of India22.42 million
03ICICI Bank19.37 million
04Axis Bank16.14 million
05Kotak Mahindra Bank4.75 million
06IDFC First Bank4.72 million
07RBL Bank4.62 million
08Bank of Baroda3.17 million
09Indusind Bank2.99 million
10Yes Bank2.94 million

For more charts, visit spends.indiadispatch.com

Card-book changes

Where credit-card books grew and shrank.

RBI reports cards outstanding, not gross issues and cancellations. These rankings show net additions and net reductions.

Compared with April 2026

Most cards added

Net change
  1. 01State Bank of India+181.9K
  2. 02ICICI Bank+168.3K
  3. 03HDFC Bank+142.3K
  4. 04Federal Bank+106.9K
  5. 05IDFC First Bank+87.2K
  6. 06Slice Small Finance Bank+59.9K
  7. 07Kotak Mahindra Bank+53.8K
  8. 08Axis Bank+52.3K
  9. 09Unity Small Finance Bank+44K
  10. 10Punjab National Bank+37.5K

Most cards withdrawn

Net change
BankReduction
DBS India Bank22.4K
Standard Chartered Bank14.6K
Indusind Bank9.2K
RBL Bank6.1K
American Express Banking Corporation3.7K
South Indian Bank3.3K
Yes Bank2.8K
Indian Bank508
Tamilnad Mercantile Bank36

Only 9 banks recorded a net reduction in this period.

For more charts, visit spends.indiadispatch.com

Debit-card cash withdrawals

₹2.3 trillion withdrawn in May 2026.

$24.13 billion at the current reference rate. This is cash withdrawn at ATMs and PoS terminals, not money held in linked bank accounts.

Debit-card cash withdrawal valueDebit-card cash withdrawal value from May 2023 to May 2026, ending at ₹2.3 trillion.₹710.2 billion₹1.42 trillion₹2.13 trillion₹2.84 trillionMay 23May 24May 25May 26
Monthly cash-withdrawal value reported for debit cards across banks.

For more charts, visit spends.indiadispatch.com

RBI values are published in thousands of rupees and converted here to international monetary notation. Totals are summed from bank-level rows.