Here's all you need to know about RBI's Financial Inclusion Index

We now have an indicator that can measure the extent of financial inclusion in the country. The RBI came out with Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country.

The FI-Index is a comprehensive index which incorporates details of banking, investments, insurance, postal as well as the pension sector in consultation with Government and respective sectoral regulators.

This Index primarily comprises three broad parameters, which are Access, Usage and Quality. Their weights are 35%, 45% and 20%, respectively. Each of these consist of several dimensions which are then computed into different indicators.


This Index records information and data on several aspects of financial inclusion on a scale of 0-100. On this scale, '0' refers to complete financial exclusion and '100' refers to complete financial inclusion.

A unique feature of this Index is that it has a Quality Parameter which captures the quality aspect of financial inclusion. This may be reflected by financial literacy, consumer protection, and inequalities and deficiencies in services.

The Index is also responsive to ease of access, availability and usage of services, and quality of services, in all 97 indicators.

The FI-Index has been created without a base year, so as to accurately reflect each stakeholder’s cumulative efforts, over the years to financial inclusion. This Index will be published annually, every July.