Small savings schemes are catching up with savers

Small saving deposits at Rs 9.9 lakh crore in Feb’22 are only a small fraction of total SCB deposits which stand at Rs 170.2 lakh crore. But the ratio of small savings deposits to commercial bank deposits have risen to 5.8 percent from 4.4 percent over the past five years, shows a research by Bank of Baroda.

from Banking/Finance-Industry-Economic Times https://ift.tt/07Z9J1o