31.2 C
Delhi
Thursday, April 3, 2025

Indians’ savings increase by 9.8% in a year

Date:

Share post:

Donate-GC-Razorpay

After the COVID-19 period came to an end, people got involved in strengthening their saving accounts. As per RBI’s latest statistics, between 1st October 2021 and 30th September 2022, the total amount deposited in Indian banks went up to 174.97 lakh crore Rupees, which was 159.40 lakh crore Rupees on September 30th, 2021, which shows a growth of 9.8% in a year.

Back in 2020, the deposited amount in banks had reduced, and with the decrease in the COVID-19 cases, the situation turned topsy-turvy, and the amount in banks started going up once again, with the deposit base increasing in all the states. In 6 states, more than 10% of increase was reported. The highest growth was recorded in Maharashtra at 13.2%, followed by Rajasthan at the second spot with 12.5% growth. Both Assam and Chhattisgarh recorded a growth of 11.0%, followed by Haryana at 10.4%, and Punjab at 9.8%.

On the other hand, the lowest growth was seen in Kerala at 4.2%, Madhya Pradesh at 5.8%, Chandigarh at 6.8%, Jammu-Kashmir at 7.0%, Bihar at 8.5%, and UP at 8.6%. Speaking of cities, the highest growth was seen in Bhopal with 40.3%, and the lowest was recorded in Hyderabad with 0.5%.

Sonakshi Datta
Sonakshi Datta
Journalist who wants to cover the truth which others look the other way from.

Related articles

WHO faces 2.5 bln USD funding gap as US announcing withdrawal

Geneva: The World Health Organization (WHO) is facing a budget gap of 1.9 billion U.S. dollars for 2026...

India’s Northeast emerging as connectivity hub for BIMSTEC: EAM at Bangkok ministerial meet

Bangkok/New Delhi: External Affairs Minister S Jaishankar said today that India’s North-Eastern region is emerging as a connectivity...

Canada says to fight US tariffs with countermeasures

Ottawa: Canadian Prime Minister Mark Carney said Wednesday that Canada will fight U.S. tariffs with countermeasures.The prime minister...

China strongly opposes US tariffs, will take countermeasures – Commerce Ministry

Beijing: China strongly opposes the US tariffs and will take countermeasures to protect its rights and interests, the...