New Delhi, July 23 -- Growth in savings deposits with Scheduled Commercial Banks (SCBs) has moderated in the post-COVID years as Indian households increasingly diversify their financial savings into market-linked investment instruments such as equities and mutual funds, according to an ASSOCHAM Global Research report.

The report, "Pattern of Savings Deposits with Scheduled Commercial Banks in India", said the average year-on-year growth in savings deposits slowed to 8.6 per cent during FY2020-21 to FY2024-25, compared with 14.8 per cent during FY2015-16 to FY2019-20.

"The moderation reflects a healthy evolution in household financial behaviour rather than any weakening of the deposit base, as savings deposits continue to remain an essen...