RBI Financial Inclusion Index (FI-Index)
What is the FI-Index?
| Feature | Details |
|---|---|
| Launched by | Reserve Bank of India (RBI) |
| First Published | 2021 |
| Frequency | Annually in July |
| Latest Value (FY25) | 67.0 (↑ from 64.2 in FY24) |
| Index Range | 0 to 100 (0 = full exclusion; 100 = full inclusion) |
| Objective | Measures the degree of financial inclusion across India |
| Base Year | No base year used |
Key Components of FI-Index
| Parameter | Weight (%) | Description |
|---|---|---|
| Access | 35% | Availability of banking/investment/insurance services (branches, ATMs, etc.) |
| Usage | 45% | Actual usage of services – accounts, loans, remittances, savings |
| Quality | 20% | Financial literacy, grievance redressal, transparency, digital awareness |
What’s New in FY25?
-
FI-Index improved from 64.2 to 67.0.
-
Attributed to:
Increased usage of digital payments & insurance Better financial literacy Improved service quality and outreach
Sectors Covered
| Sector Included |
|---|
| Banking (commercial + rural) |
| Insurance (life + general) |
| Investment services |
| Postal financial services |
| Pension (e.g., NPS, Atal Pension Yojana) |