New Delhi, June 2 -- The growth of bank deposits in India slowed down to 10.6 per cent year-on-year in the financial year ended March 2025 as compared to 13 per cent in the previous fiscal, according to new data released by the Reserve Bank of India (RBI).

Despite the slower growth, the overall deposit base remains strong. Term deposits continued to make up the largest share of total deposits, accounting for 59.5 per cent as of March 2025.

This was slightly lower than the 60 per cent recorded in the previous year. Savings deposits saw a drop in share to 29.1 per cent from 30.8 per cent in March 2024 and 33 per cent in March 2023. Current deposits, however, remained steady at 9.8 per cent.

The RBI data showed a clear trend of increasing...