Debit cards most favoured payment instrument

Do you know, what is the most common mode of payment people use in India? Families use financial services in what pattern? And how many families think that UPI service and internet banking are the easiest modes of transactions? Money9 finds the answers to all these questions in the country’s first and independent personal finance survey.

Money9 surveyed 31,510 households in 100 districts across 20 states of the country. And according to this super survey, 59 out of every 100 families in the country use debit cards. While, 53 out of every 100 families use ATMs. At the same time, 46 out of 100 families use phone banking services. Out of 100, 25 i.e. one quarter of the households use UPI services, 20 households use internet services and 27 families use mobile apps.

At the same time, 38 out of 100 families use debit cards for shopping. In this survey, there is more such new information on personal finance.