India’s Financial Inclusion Index Rises to 67 in FY25, Reflects Deeper Usage and Trust

The Reserve Bank of India (RBI) announced that the country’s Financial Inclusion Index (FI-Index) increased to 67 for the financial year ending March 2025 (FY25), compared to 64.2 in the previous year. This index measures how widely and effectively financial services are being used across India.

The FI-Index tracks access to banking, investments, insurance, pensions, and postal services, with inputs from sectoral regulators and the government. It ranges from 0 to 100, where 0 means no financial access and 100 represents full inclusion. The index is based on three key areas: access (35% weight), usage (45%), and quality (20%). According to the RBI, growth was seen across all these sub-indices, especially in usage and quality. This suggests that more people are actively using financial services and the quality of these services is improving.,

“This improvement reflects deeper financial inclusion and ongoing efforts in financial literacy,” the RBI said. Industry leaders agree. “India is now moving beyond just opening accounts to actually using financial services in meaningful ways,” said Deepak Verma, MD & CEO of FINDI.

A big contributor to this progress is the government’s Jan Dhan Yojana scheme. As of now, 558.3 million accounts have been opened under the scheme, with 372.6 million in rural and semi-urban areas. Importantly, 311.3 million of these accounts are held by women, showing a strong push towards gender inclusion.

Launched in 2021, the FI-Index provides a yearly snapshot of how far the country has come in ensuring that financial services reach all segments of society. The steady rise in the score indicates that India’s efforts to create a financially inclusive economy are showing real results on the ground.