The number of people using credit cards in India is continuously increasing. Along with this, the number of people who do not pay their credit card dues on time is also rising. The due credit payments have increased by 44.34 percent in one year. By March 2025, this amount is projected to reach Rs 33,886.5 crore, up from Rs 23,475.6 crore in March 2024. These figures indicate an increase of about Rs 10,410.9 crore over the year.
The above figures show the outstanding amount, which people have not paid even after more than three months. In the rules of the banking system, it is called 'Non-Performing Assets' (NPA). This information has been given in the report of the credit bureau CRIF High Mark. This institution is registered with the Reserve Bank of India.
People's dependence on credit cards is increasing
The outstanding amount in this overdue segment has increased to Rs 29,983.6 crore, which was Rs 20,872.6 crore last year. This amount has almost doubled from the level of March 2023. This data of CRIF not only shows the increasing dependence on credit cards, but also shows the problem of not making payments on time.
Credit card debt is remaining unpaid for a long time
Another worrying figure has also come to the fore in the report of credit bureau CRIF High Mark, which is called Portfolio at Risk (PAR). Credit Card Portfolio at Risk is the part which gives information about how much credit card loan is at risk.
In March 2025, PAR increased from 6.9 percent to 8.2 percent in 91-180 days dues. In this way, the share of arrears of 181-360 days increased from 0.91 percent to 1.1 percent, which was 0.7 percent in 2023. These figures show that credit card debt is remaining unpaid for a long time.
Credit card has become part of the lifestyle
For the urban population of the country, credit card is not just a mode of payment, but it has become a part of the lifestyle. But paying the bill is not as easy as swiping the card during shopping. If you do not pay your dues on time, then the interest rate can be up to 42 to 46 percent on an annual basis. People often get caught in the trap of offers and rewards. If you do not pay on time or do not pay the entire bill, then the interest on it starts increasing very fast.