Number of Deposit Accounts, Commercial Banks, of Which: Household in India
India: Number of Deposit Accounts, Commercial Banks, of Which: Household was 2.60 billion in 2024. ◆ Volatile
Number of Deposit Accounts, Commercial Banks, of Which: Household in India, 2004–2024
Source: International Monetary Fund.
Analysis
India recorded 2.60 billion for number of deposit accounts, commercial banks, of which: household in 2024. That is the highest value across all 21 years on record.
That represents a change of up 5.1% on the previous year and up 133.3% over ten years.
Over the whole period, number of deposit accounts, commercial banks, of which: household in India peaked at 2.60 billion in 2024 and was at its lowest, 439.71 million, in 2004.
That places India 2nd out of 94 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Number of Deposit Accounts, Commercial Banks, of Which: Household in India, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 439.71 million | — |
| 2005 | 443.20 million | +0.8% |
| 2006 | 453.24 million | +2.3% |
| 2007 | 469.88 million | +3.7% |
| 2008 | 539.90 million | +14.9% |
| 2009 | 602.75 million | +11.6% |
| 2010 | 640.55 million | +6.3% |
| 2011 | 725.09 million | +13.2% |
| 2012 | 773.25 million | +6.6% |
| 2013 | 908.12 million | +17.4% |
| 2014 | 1.12 billion | +22.8% |
| 2015 | 1.30 billion | +16.2% |
| 2016 | 1.49 billion | +14.8% |
| 2017 | 1.68 billion | +13.0% |
| 2018 | 1.78 billion | +5.7% |
| 2019 | 1.93 billion | +8.5% |
| 2020 | 2.02 billion | +4.8% |
| 2021 | 2.07 billion | +2.2% |
| 2022 | 2.20 billion | +6.6% |
| 2023 | 2.47 billion | +12.4% |
| 2024 | 2.60 billion | +5.1% |
India compared with similar countries
- India's 2.60 billion is above the median for lower middle income countries, which is 7.37 million, 352.8× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 491.45 million | 439.71 million | 602.75 million | 6 |
| 2010s | 1.23 billion | 640.55 million | 1.93 billion | 10 |
| 2020s | 2.27 billion | 2.02 billion | 2.60 billion | 5 |
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 number of deposit accounts, commercial banks, of which: household in India?
- Number of deposit accounts, commercial banks, of which: household in India was 2.60 billion in 2024, according to International Monetary Fund.
- What is the highest number of deposit accounts, commercial banks, of which: household recorded in India?
- The highest recorded value was 2.60 billion in 2024.
- What is the lowest number of deposit accounts, commercial banks, of which: household recorded in India?
- The lowest recorded value was 439.71 million in 2004.
- How does India rank for number of deposit accounts, commercial banks, of which: household?
- India ranks 2nd out of 94 countries with data for 2024.
- Is number of deposit accounts, commercial banks, of which: household rising or falling in India?
- Over the last ten years it is up 133.3%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from International Monetary Fund, published as part of Number of Deposit Accounts, Commercial Banks, of Which: Household Sector Deposit Accounts. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.