Bank deposit growth
- How often
- Every fortnightFortnightly, in the Weekly Statistical Supplement
- Next release
- Fri 13 NovTomorrow · expected · 5:00 PM
15 October 2026, down from 17.8% on 30 September 2026.
Events on this chart
Source: RBI, released 23 Oct 2026 · Chart: Clarity UPSC
- Previous
- 17.8%30 Sep 2026
- Highest
- 17.8%31 Aug 2026
- Lowest
- 9.4%15 Dec 2025
Higher than 94% of the 53 readings since 20 Sep 2024.
Story
How fast bank deposits are growing compared with a year ago.
What is happening now As of 15 Oct 2026
Aggregate deposits of scheduled commercial banks grew 16.7% in the year to 15 October 2026, against 9.5% a year earlier. They reached ₹278.76 lakh crore, ₹39.93 lakh crore more than a year before. Time deposits, held for a fixed term, made up most of the rise (₹36.67 lakh crore); demand deposits rose ₹3.25 lakh crore. Bank credit grew faster, at 18.2%.
Deposit growth jumped from 12.7% on 15 July 2026 to 17.8% on 31 August. In its October policy statement the Reserve Bank of India (RBI) reported a surge of money from Foreign Currency Non-Resident (Bank) deposits, after it offered in June 2026 to bear banks' full cost of protecting against exchange-rate swings (hedging) on fresh 3–5-year deposits of this kind until 30 September 2026. Net inflows into non-resident deposits rose to US$ 119.2 billion in April–August 2026, from US$ 5.6 billion a year earlier.
Why it matters
Deposits are the main source of the money banks lend. When deposits grow more slowly than loans, banks must compete harder for savers' money or borrow elsewhere, so deposit rates and, in time, loan rates rise. When deposits grow fast, banks can lend more without strain.
Deposit growth also shows how people save. Households choose between bank deposits and options such as mutual funds, shares and small savings schemes, so deposit growth reflects how attractive bank interest rates are.
What it is
Aggregate deposits are the money that people, firms and governments hold with scheduled commercial banks in India. They have two parts: demand deposits, payable whenever the customer asks, and time deposits, held for a fixed term.
The growth rate compares the amount on a reporting date with the amount a year earlier. The Reserve Bank of India publishes it in its Weekly Statistical Supplement. Since 15 December 2025 the reporting dates are the 15th and the last day of each month.
Deposits are the main source of the money banks lend. They grow with incomes and savings, and with the interest banks offer compared with other savings options. The cash reserve ratio and the statutory liquidity ratio are set on these liabilities, so new deposits also raise the reserves a bank must hold.
Read this number
- The publisher
- The Reserve Bank of India is India's central bank. It manages money supply, bank regulation, the rupee and the country's foreign exchange reserves.
Terms on this page (1)
- RBI
- Reserve Bank of India
History
- 25 Oct 2011Banks become free to set their own savings deposit rates for resident Indians, with one uniform rate on balances up to ₹1 lakh.
- 4 Feb 2020Deposit insurance cover rises from ₹1 lakh to ₹5 lakh per depositor in insured banks.
- 1 Jul 2023A non-bank lender merges with a bank; bank data include the merger from this date.
- 15 Dec 2025Under the Banking Laws (Amendment) Act, 2025, reporting dates move from alternate Fridays to the 15th and the last day of each month.
Readings
| Period | Value | Status | Released |
|---|---|---|---|
| 15 Oct 2026 | 16.7% | Final | 23 Oct 2026 |
| 30 Sep 2026 | 17.8% | Final | 9 Oct 2026 |
| 15 Sep 2026 | 17.3% | Final | 25 Sep 2026 |
| 31 Aug 2026 | 17.8% | Final | 11 Sep 2026 |
| 15 Aug 2026 | 14.7% | Final | 28 Aug 2026 |
| 31 Jul 2026 | 15.4% | Final | 14 Aug 2026 |
| 15 Jul 2026 | 12.7% | Final | 24 Jul 2026 |
| 30 Jun 2026 | 13.3% | Final | 10 Jul 2026 |
| 15 Jun 2026 | 12.0% | Final | 26 Jun 2026 |
| 31 May 2026 | 12.2% | Final | 12 Jun 2026 |
| 15 May 2026 | 12.2% | Final | 29 May 2026 |
| 30 Apr 2026 | 12.3% | Final | 8 May 2026 |
For UPSC
Know the difference between demand and time deposits, and that the cash reserve ratio and the statutory liquidity ratio are set as shares of net demand and time liabilities, which are mostly deposits. Deposit insurance by the Deposit Insurance and Credit Guarantee Corporation was raised to ₹5 lakh per depositor in February 2020. Read deposit growth with credit growth.