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Transaction through credit cards in the country went up by 22.15 per cent during 2010-11, touching Rs 75,515.68 crore in value terms. Credit card transaction during the previous fiscal had amounted to Rs 61,824.15 core, according to latest data of the Reserve Bank.
The number of credit cards in circulation have, however, declined by around 1.5 per cent to 1.80 crore as on March 31, 2011, from 1.83 crore in the same period of the previous fiscal.
Meanwhile, debit card transactions jumped by 46.46 per cent in the last fiscal to Rs 38,691.88 crore as against Rs 26,418.11 crore in 2009-10.
There were 22.78 crore debit cards in use in the country as on March 31, 2011, up over 25 per cent over the figure of 18.19 crore in the year-ago period.
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