Bounce rates of auto debit transactions rise in April - The

Bounce rates of auto debit transactions rise in April - The Hindu BusinessLine


Bounce rates of auto debit transactions rise in April
Surabhi
Mumbai |
Updated on
Banks are turning watchful about repayments   -  Getty Images/iStockphoto×
But limited lockdowns may mute impact
In a worrying repetition of last year’s Covid-19 led economic distress, bounce rates for recurring transactions were elevated in April.
Data captured by the National Payments Corporation of India from its National Automated Clearing House (NACH) platform, too reveal that the number of unsuccessful auto debit requests in the month of April had once again begun to climb up after remaining low in March.
According to NPCI’s data, of the total of 8.54 crore auto debit transactions on the NACH platform in April, 5.63 crore were successful while 2.9 crore were returned. This reflects a return or bounce rate of 34.05 per cent in April compared to 32.76 per cent in March.

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