Reserve Bank of India’s (RBI) financial inclusion index shows growth across all segments, rises 4.3% in FY25

The Reserve Bank of India’s Financial Inclusion Index (FI-Index), which measures the depth and reaches of financial inclusion across the country, rose by 4.3% in FY25. The index value increased from 64.2 in March 2024 to 67 in March 2025, reflecting steady progress in access, usage, and quality of financial services. Developed in consultation with the government and sectoral regulators, the FI-Index captures data from banking, investments, insurance, postal, and pension sectors. It provides a comprehensive score between zero and 100, where zero represents total financial exclusion and 100 denotes full inclusion. The improvement in FY25 was mainly driven by gains in the usage and quality dimensions, highlighting deeper engagement with financial products and services and the impact of ongoing financial literacy efforts.

The index is based on three broad parameters: Access, which accounts for 35% of the score; Usage, contributing 45%; and Quality, weighted at 20%. Each parameter is calculated using various indicators to capture multiple facets of financial inclusion. The rise in the FI-Index signals India’s growing success in expanding financial access to underserved populations and enhancing the quality of financial services available. This progress supports the government’s broader agenda of economic empowerment and inclusive growth, contributing to the strengthening of India’s formal financial ecosystem. Continued focus on these areas is expected to deepen financial inclusion further, fostering greater economic stability and opportunity for millions across the country.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.