Mumbai, Aug. 29 -- Bank deposits with Scheduled Commercial Banks (SCBs) recorded a year-on-year growth of 11.3 per cent as of June-end 2025, slightly lower than the 11.7 per cent growth (net of merger) seen a year earlier, according to the latest quarterly data released by the Reserve Bank of India on Friday.

The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year, significantly outpacing the modest 5.4 per cent growth in savings deposits.

As a result, the data shows that the share of term deposits in total deposits increased to 62.2 per cent in June 2025, up from 61.0 per cent in June 2024.

RBI's 'Quarterly Basic Statistical Return (BSR)-2 data shows that nearly 70 per cent of term depos...