Account ownership at a financial institution or with a in India
India: Account ownership at a financial institution or with a was 86.3% in 2024. ▲ Rising
Account ownership at a financial institution or with a in India, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
India recorded 86.3% for account ownership at a financial institution or with a in 2024. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 10.3% on the previous year and up 97.9% over ten years.
Over the whole period, account ownership at a financial institution or with a in India peaked at 86.3% in 2024 and was at its lowest, 27.0%, in 2011.
That places India 31st out of 102 countries with data for 2024, putting it in the middle of the range.
Account ownership at a financial institution or with a in India, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 27.0% | — |
| 2014 | 43.6% | +61.7% |
| 2017 | 77.1% | +76.8% |
| 2021 | 78.3% | +1.5% |
| 2024 | 86.3% | +10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 49.2% | 27.0% | 77.1% | 3 |
| 2020s | 82.3% | 78.3% | 86.3% | 2 |
Countries ranked near India
More financial sector data for India
- Reserve position in the IMF, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.8 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.38 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.8 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in India?
- Account ownership at a financial institution or with a in India was 86.3% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in India?
- The highest recorded value was 86.3% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in India?
- The lowest recorded value was 27.0% in 2011.
- How does India rank for account ownership at a financial institution or with a?
- India ranks 31st out of 102 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in India?
- Over the last ten years it is up 97.9%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, poorest 40% (% of population ages 15+). Statizoid updates them automatically from the source API.
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About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (poorest 40%, share of population ages 15+).