Mumbai, June 2 -- The Reserve Bank of India (RBI) has stated that bank deposits grew (y-o-y) by 10.6 per cent during FY 2024-25 as compared to 13.0 per cent, net of merger of a non-bank with a bank with effect from July 1, 2023, in the previous year. Household sector accounted for the largest share of Scheduled Commercial Banks's deposits at 60.2 per cent; the share of female depositors was 20.7 per cent in March 2025. Branches in metropolitan areas, which constituted the dominant share in deposits, recorded 11.7 per cent annual growth in March 2025; whereas rural, semi-urban and urban centres registered 10.1 per cent, 8.9 per cent, and 9.3 per cent annual growth, respectively.

The higher returns on term deposits led to higher accretion ...