As per the report, the usage of credit and debit cards recorded a significant surge during 2016-17. The number of credit card transactions inflated to 1.08 billion from 0.78 billion valued at Rs 3.28 lakh crore from Rs 2.40 lakh crore.

Similarly, the number of debit card transactions rose to 2.39 billion valued at Rs 3.29 lakh crore during 2016-17.

The report further suggested that the use of prepaid instruments (PPIs) grew exponentially during the year. The number of PPI transactions grew to 1.96 billion in 2016-17 from 0.74 billion transactions in 2015-16. The value of transactions rose to Rs 0.83 lakh crore (Rs 0.48 lakh crore) during the year.

On the other hand, the number of transactions under Real Time Gross Settlement (RTGS) category inflated to 108 million transactions during 2016-17 as against 98 million transactions  in 2015-16.

 National Electronic Funds Transfer (NEFT) transactions inflated to 1.6 billion during 2016-17, against 1.3 billion transactions reported in the previous fiscal.

According to the annual report, the mobile banking service surged to 151 per cent and 224 per cent in volume and value terms, respectively. However, the number of registered customers  using mobile banking services increased to 163 million from 105 million during 2016-17.

Immediate payment service (IMPS) transactions too reported an increase to 506 million (220 million) valued at ₹4.11 lakh crore (₹1.62 lakh crore) during 2016-17.