India's National Electronic Funds Transfer system processed 1,000 crore transactions in calendar year 2025, according to the Reserve Bank of India's Payment Systems Report. Total value reached Rs 482 lakh crore. Volume grew from 380 crore in CY2021 at a compound annual growth rate of 27.4 percent. Value expanded from Rs 277 lakh crore at 14.9 percent CAGR over the same period.
Average NEFT transaction size fell from Rs 72,895 in CY2021 to Rs 48,200 in CY2025, a 34 percent decline. The pattern contrasts with IMPS, where average transaction values rose over the same period as volume growth stalled at 4.5 percent CAGR while value grew at 18.1 percent. NEFT's shrinking ticket size indicates the system is absorbing more automated batch payments rather than retreating to a large-value-only role.
In H2 2025, NEFT held 3.6 percent of India's digital payment volume. Its value share reached 14.9 percent. UPI accounted for 85.5 percent of volume and 9.5 percent of value. RTGS commanded 68.6 percent of value on 0.1 percent of volume. NEFT's 10 billion transaction milestone and declining average ticket size suggest the system will maintain its batch-processing role as corporate, salary, and pension disbursement volumes continue to grow.