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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
RAJYA SABHA
UNSTARRED QUESTION NO. 1988
ANSWERED ON TUESDAY, 10 MARCH, 2026/19 PHALGUNA, 1947 (SAKA)
CREDIT CARD USE IN INDIA
1988. MS. DOLA SEN:
Will the Minister of FINANCE be pleased to state:
(a) the number of credit cards in use in each of the last three years;
(b) the total value of spending on credit cards each year; and
(c) the total unpaid credit card dues, year-wise in the last three years?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PANKAJ CHAUDHARY)
(a) & (b) As informed by the Reserve Bank of India (RBI), the number of credit cards in use and
total value of spending during the last three financial years are as below:
Number of Credit Cards
Financial Year Value (₹ Lakh Crore)
(In Lakhs)
2022-23 853.03 14.32
2023-24 1,018.03 18.31
2024-25 1,098.85 21.09
(c) RBI has informed that data on unpaid credit card dues are not maintained by them.
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