Guwahati: In March 2022, female depositors accounted for 19.8 percent of total deposits. In 2021-22, their share of incremental bank deposits increased to 34.3 percent, up from 15.2 percent the previous year. The Reserve Bank of India (RBI) stated in its most recent report on deposits with scheduled commercial banks, which was released on June 28.

As per the report, bank deposit growth year-on-year had moderated to 10.0 percent in March 2022 as compared with 11.9 percent in the previous year. The current, savings and term deposits in India had increased by 10.9 percent, 13.3 percent, and 7.9 percent, respectively, during fiscal 2021-22.

The share of current account and savings account (CASA) deposits in the total deposits have been increasing over the years and stood at 44.8 percent in March 2022 as compared with 41.7 percent three years ago. These low-cost deposits accounted for 60.9 percent and 55.6 percent of incremental deposits during 2020–21 and 2021–22, respectively.

The metropolitan branches of banks which account for over half of total deposits accounted for 51.5 percent in incremental deposits during 2021-22 (59.6 percent in 2020-21).

The Household sector held the dominant share with 62.6 percent, in total deposits followed by non-financial corporations, general government, rest of the world, and financial corporations, respectively.

General government and financial corporations together account for over one-fourth of the incremental deposits during 2021–22, as compared to a 5.8 percent share in the previous year.

Large deposits of Rs. 1 crore and above have a nearly 40.0 percent share of total term deposits.

RBI reported that consistent with the monetary and liquidity conditions, interest rates on term deposits moderated further during 2021-22; the share of term deposits bearing over 6 percent interest rate came down to 14.4 percent in March 2022; which was 31.0 percent a year ago and 78.7 percent two years ago.

Seven states, which include Maharashtra, the National Capital Territory (NCT) of Delhi, Uttar Pradesh, Karnataka, Tamil Nadu, West Bengal, and Gujarat, together accounted for 63.3 percent of bank deposits.