India's Credit Card Spending Hits Record High in September

Imagine people in India use special plastic cards to buy things, like a digital piggy bank.

In September, they used these cards more than ever before, spending a record amount of money – about 2.17 lakh crore rupees!

This is a big jump from last year.

More people are getting these cards, with over 11 crore cards now in use.

Banks, especially private ones, are getting a bigger slice of this spending, though public banks are also growing.

Even though people are spending more with these cards, the total amount they owe on them has grown a bit slower compared to other types of loans.

This record spending is happening because of special deals from banks and people buying more during the holiday season.