HomeNewsBankingRBI’s Financial Inclusion Index for March 2022 rises to 56.4

RBI’s Financial Inclusion Index for March 2022 rises to 56.4

The Reserve Bank of India’s (RBI) Financial Inclusion Index (FI-Index) in March 2022 has reached at 56.4 and witnessed across all parameters which was 53.9 in March 2021.

RBI’s Financial Inclusion Index

  • RBI launched the Financial Inclusion Index (FI-Index)
  • FI-index is a measure of the extent of financial inclusion in India.
  • FI-Index includes the inclusion of details of banking, investments, insurance, postal and pension sectors in India.
  • The value of the FI-Index ranges from 0 to 100. Where 0 denotes complete financial exclusion and 100 denotes full financial inclusion. 

Parameters of FI-Index:

The FI-Index comprises of three parameters, namely- 

  • Access (35%),
  • Usage (45%),
  • Quality (20%)

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