As per the Reserve Bank of India data, the growth of bank deposit has moderated to 10% in March 2022 as compared with 11.9% in 2021. Current, savings and term deposits have been increased by 10.9%, 13.3% and 7.9%, respectively, during 2021-22.
The share of current account and savings account (CASA) deposits has been increasing over the years and stood at 44.8% in March 2022 as compared with 41.7% three years ago.
