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UPI Leads Surge in Online Banking Usage by Rural Women: Survey
Financial Express Lucknow
|May 31, 2025
The proportion of women in rural areas who could perform online banking transactions surged to 30% in the first quarter of 2025, much higher than 17.1% in 2022-23, a new survey by the statistics ministry shows.
According to the results of the ministry of statistics and programme implementation's "Comprehensive Modular Survey: Telecom, 2025," released on Friday, there has been a marked increase in the number of Indians in rural areas engaging in online banking, with the rise being particularly noteworthy among young women.
According to the survey's results, 51.4% of women in rural areas in the 15-24 years age group reported they could perform online banking transactions, more than double the 19.6% in 2022-23, as per the ministry's comprehensive annual modular survey for 2022-23 (July-June), released in October 2024.
To be sure, a higher proportion of rural men, too, said they could do online banking, with the figure for those in the 15-24 year bracket rising to 73.3% from 40.2% in 2022-23.
This story is from the May 31, 2025 edition of Financial Express Lucknow.
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