Bank deposits grew by 10% in FY25, growth decline from 13% recorded in FY24- RBI Data

The maturation of bank deposits successful India slowed down to 10.6 per cent year-on-year successful the fiscal twelvemonth ended March 2025 arsenic compared to 13 per cent successful the erstwhile fiscal, according to caller information released by the Reserve Bank of India (RBI).

Despite the slower growth, the wide deposit basal remains strong. Term deposits continued to marque up the largest stock of full deposits, accounting for 59.5 per cent arsenic of March 2025.

This was somewhat little than the 60 per cent recorded successful the erstwhile year. Savings deposits saw a driblet successful stock to 29.1 per cent from 30.8 per cent successful March 2024 and 33 per cent successful March 2023. Current deposits, however, remained dependable astatine 9.8 per cent.

The RBI information showed a wide inclination of expanding penchant for word deposits implicit the past fewer years. Higher involvement rates connected these deposits encouraged much radical to put successful them.

The RBI said, "Nearly 68.4 per cent of word deposits had the archetypal maturity of 1 to 3 years arsenic connected March 2025".

Also, the stock of word deposits offering involvement rates of 7 per cent and supra roseate importantly to 72.7 per cent successful March 2025 from 64.2 per cent successful March 2024 and 33.5 per cent successful March 2023.

Large-sized deposits besides grew. Term deposits of Rs. 1 crore and supra made up 45.1 per cent of full word deposits successful March 2025, up from 43.7 per cent successful the erstwhile year.

RBI besides noted that the households continued to beryllium the main contributors to slope deposits, accounting for 60.2 per cent of the full successful March 2025. Within this, pistillate depositors held a 20.7 per cent share. Senior citizens' deposits made up 20.2 per cent of the full deposits.

It besides highlighted that the maturation varied by region. Bank branches successful metropolitan areas saw the highest deposit maturation astatine 11.7 per cent successful March 2025. Rural areas recorded 10.1 per cent growth, semi-urban areas 8.9 per cent, and municipality centres 9.3 per cent.

The RBI information suggests that portion wide deposit maturation remains healthy, determination is simply a displacement successful deposit composition, with word deposits gaining much popularity owed to higher returns.