Dataset - Digital Payments and Transactions: Year-, Month- and Bank-wise Volume and Performance of UPI Initial Public Offering (IPO) Mandate Creation and Execution
Digital Payments and Transactions: Year-, Month- and Bank-wise Volume and Performance of UPI Initial Public Offering (IPO) Mandate Creation and Execution
High Frequency Indicator: The dataset contains year-, month- and bank-wise compiled data from the year 2021 to till date on number of Initial Public Offering (IPO) Mandates which have been created and executed through Unified Payment Interface (UPI), along with percentage of transactions which have been approved, business declined (BD) and technical declined (TD)
Notes:
1. Mandate Creation means transactions where the customers have created a successful block of amount in the bank account for an IPO application
2. Mandate Execution means transactions where the customers have applied for an IPO and have been allotted shares for which the funds are debited from their applicant accounts
3. Business Declines (BD) are declined transactions due to a customer entering an invalid pin, incorrect beneficiary account etc. or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc.
4. Technical Declines (TD) transactions are those transactions are declined due to any technical reasons such as bank ID is empty or not in correct format or exception code not in Database or not in correct format, etc
Digital Payments and Transactions: Year-, Month- and Bank-wise Volume and Performance of UPI Initial Public Offering (IPO) Mandate Creation and Execution
High Frequency Indicator: The dataset contains year-, month- and bank-wise compiled data from the year 2021 to till date on number of Initial Public Offering (IPO) Mandates which have been created and executed through Unified Payment Interface (UPI), along with percentage of transactions which have been approved, business declined (BD) and technical declined (TD)
Notes:
1. Mandate Creation means transactions where the customers have created a successful block of amount in the bank account for an IPO application
2. Mandate Execution means transactions where the customers have applied for an IPO and have been allotted shares for which the funds are debited from their applicant accounts
3. Business Declines (BD) are declined transactions due to a customer entering an invalid pin, incorrect beneficiary account etc. or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc.
4. Technical Declines (TD) transactions are those transactions are declined due to any technical reasons such as bank ID is empty or not in correct format or exception code not in Database or not in correct format, etc
Rows: 6108
Columns: 10
Time period: 2021-22 to 2026-27
Last Updated: 12 October 2026
Data preview
fiscal_year
month
category
remitter_bank
total_volume
approved
bd
td
units
notes
2026-27
August
Mandate Creation
AU SMALL FINANCE BANK
380718
93.39
6.61
0
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
2026-27
August
Mandate Creation
Axis Bank Ltd.
3445155
97.28
2.71
0.01
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
2026-27
August
Mandate Creation
BANK OF BARODA
5804341
93.8
6.2
0
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
2026-27
August
Mandate Creation
BANK OF INDIA
2178471
97.18
2.82
0
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
2026-27
August
Mandate Creation
BANK OF MAHARASHTRA
408476
94.03
5.97
0.01
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
2026-27
August
Mandate Creation
Bandhan Bank
176416
93.06
6.93
0.01
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
2026-27
August
Mandate Creation
CANARA BANK
1512385
96.38
3.6
0.02
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
2026-27
August
Mandate Creation
CENTRAL BANK OF INDIA
920450
64.9
35.02
0.08
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
2026-27
August
Mandate Creation
CSB Bank Limited
9098
92.55
7.45
0
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
2026-27
August
Mandate Creation
Capital Small Finance Bank Ltd.
1834
96.4
1.64
1.96
total_volume in absolute number, approved in percentage, bd in percentage, td in percentage
The fiscal year (formatted as e.g. 2026-27) to which the UPI mandate transaction figures pertain.
month
String
12
6108
The calendar month in which the UPI mandate transaction activity was recorded.
category
String
2
6108
The category of UPI mandate activity being measured, such as mandate creation.
remitter_bank
String
176
6108
The name of the bank acting as remitter (the payer's bank) for the UPI mandate transactions.
total_volume
String
4556
6108
The total count of UPI mandate transactions for the given bank and month, expressed in absolute numbers.
approved
Float64
1620
6108
The percentage of UPI mandate transactions that were successfully approved.
bd
Float64
1352
6108
The percentage of UPI mandate transactions that were declined or blocked (bd), representing the share of volume not approved.
td
Float64
843
6108
The percentage of UPI mandate transactions not approved due to technical declines (td).
units
String
1
6108
The measurement units for the reported metrics: volume in absolute numbers and approval/decline rates in percentages.
notes
String
1
0
Supplementary remarks or clarifying notes associated with the reported UPI mandate transaction data.
Citation
National Payments Corporation of India. (2026). Digital Payments and Transactions: Year-, Month- and Bank-wise Volume and Performance of UPI Initial Public Offering (IPO) Mandate Creation and Execution [Data set]. Dataful. https://dataful.in/datasets/18247