Bank deposits as a share of GDP reached 65.8 % in 2017 in India, according to the National Central Bank. This is 5.78 % less than in the previous year.
Historically, bank deposits as a share of GDP in India reached an all time high of 69.8 % in 2016 and an all time low of 10.1 % in 1964. When compared to India's main peers, bank deposits as a share of GDP in Bangladesh amounted to 47.3 %, 105 % in China, 38.4 % in Pakistan and 55.6 % in Sri Lanka in 2017.
India has been ranked 43rd within the group of 101 countries we follow in terms of bank deposits as a share of GDP, 9 places above the position seen 10 years ago.
A bank deposit is money placed into a banking institution for safekeeping.