Bank Deposits Statistics in India (2026)
As of 2024, outstanding bank deposits in India was 65.4% of GDP, per IMF Financial Access Survey data. Up from 63.2% of GDP in 2023 to 65.4% of GDP in 2024 (+2.2 percentage points). India ranks #3 of 6 economies in South Asia on this measure, and #62 of 172 globally.
Key Statistics
- Latest value (2024)
- 65.4% of GDP (2024)
- Bank Deposits in India as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- +2.2 pp (2024)
- Up from 63.2% of GDP in 2023 to 65.4% of GDP in 2024 (+2.2 percentage points).
- Earliest value in this dataset (2004)
- 47.4% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 47.4% of GDP in 2004 to 65.4% of GDP in 2024.
- Peak value (2020)
- 70.7% of GDP (2020)
- Highest value in the available series; the 2024 value is 65.4% of GDP.
- Rank in South Asia
- #3 of 6 (2024)
- India ranks 3 of 6 countries in South Asia with data, based on each country's latest value.
- Global rank
- #62 of 172 (2024)
- India ranks 62 of 172 countries with data globally.
- South Asia average
- 66.6% of GDP (2024)
- India (65.4% of GDP) is below the average of 66.6% of GDP across the 6 countries in South Asia with data.
- Internet use in India (2025)
- 70% (2025)
- 70% of the population in India used the internet in 2025 (World Bank); shown for context only.
- Population (2024)
- 1.5 billion (2024)
- India had a population of 1.5 billion in 2024 (World Bank); shown for scale only.
Trend, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 65.4% | +2.2 pp |
| 2023 | 63.2% | −1.0 pp |
| 2022 | 64.2% | −2.3 pp |
| 2021 | 66.5% | −4.1 pp |
| 2020 | 70.7% | +6.5 pp |
| 2019 | 64.2% | +3.7 pp |
| 2018 | 60.5% | −2.3 pp |
| 2017 | 62.8% | +0.4 pp |
| 2016 | 62.4% | −2.4 pp |
| 2015 | 64.8% | +1.0 pp |
| 2014 | 63.8% | +1.4 pp |
| 2013 | 62.4% | +1.3 pp |
| 2012 | 61.1% | −0.6 pp |
| 2011 | 61.7% | +1.9 pp |
| 2010 | 59.7% | −1.9 pp |
| 2009 | 61.6% | +2.7 pp |
| 2008 | 58.9% | +5.9 pp |
| 2007 | 53% | +3.9 pp |
| 2006 | 49.2% | +1.1 pp |
| 2005 | 48.1% | +0.7 pp |
| 2004 | 47.4% | — |
Frequently asked questions
What is the latest figure for outstanding bank deposits in India?
Outstanding bank deposits in India stood at 65.4% of GDP in 2024, according to IMF Financial Access Survey data.
Where does India rank globally on bank deposits?
India ranks 62 of 172 countries with data globally, based on the latest IMF Financial Access Survey value for each country.
When did bank deposits in India peak?
The highest value in the available series was 70.7% of GDP in 2020; the latest (2024) value is 65.4% of GDP.
Source & methodology
Source: IMF Financial Access Survey, indicator
OUTD_COMBANK.POGDP, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .