Country Overview

India’s commitment to financial inclusion goes back several decades and has been led by the Reserve Bank of India (RBI) and the Indian government. In the last decade, the RBI and the Indian government have introduced several policies that seek aggressively expand access to formal financial services, especially banking services, for low-income, rural residents. Though a variety of entities such as mobile phone companies, retailers and cooperatives have entered the financial services market in India, the government and the RBI have primarily directed financial inclusion through policies and directives to private and public banks. India’s financial markets have been historically bank-led. Read More

FII-India-Wave-One-Survey-Questionnaire (English)
FII India Wave One - G2P Study QuickSights Report
FII India Wave One - Wave Report: Financial Services Use and Emerging Digital Pathways
FII India Wave One - Country Comparison Report
FII India Wave Two - Wave Report

Key Metrics

Source: FII Survey of India, conducted October 2013-January 2014; sample size=[45,024]

Mobile Phone	Total	Male	Female	Urban	Rural
Own Mobile Phone	50%	68%	31%	64%	43%
Own or Can Borrow Mobile Phone	85%	89%	81%	91%	82%
Own Sim Card	36%	54%	17%	49%	30%
Own or Can Borrow Sim Card	82%	86%	77%	88%	78%

Bank Accounts	Total	Male	Female	Urban	Rural
Own Bank Account	47%	55%	39%	56%	43%
Own or Have Access to Bank Account	48%	56%	39%	57%	44%
Active Bank Account User (Past 90 Days)	25%	32%	18%	35%	21%

Mobile Money Use	Total	Male	Female	Urban	Rural
Have Ever Used MM	0.3%	0.4%	0.1%	0.4%	0.2%
Active MM User (past 90 days)	0.2%	0.2%	0.1%	0.2%	0.1%
Registered MM User	0.2%	0.2%	0.1%	0.2%	0.1%
Registered Active MM User	0.1%	0.1%	0.1%	0.1%	0.1%