India’s household savings shift beyond bank deposits as 39% move to pension funds and markets; 68% remains in physical assets

Shifts in the composition of household savings Bank deposits accounted for 33% of household savings in FY25. Pension funds, mutual funds, shares and debentures combined accounted for 39% of household savings. 68% of household wealth continues to be held in physical assets. This snapshot points to a continued shift toward financial instruments beyond bank deposits, […]

Shifts in the composition of household savings

  • Bank deposits accounted for 33% of household savings in FY25.
  • Pension funds, mutual funds, shares and debentures combined accounted for 39% of household savings.
  • 68% of household wealth continues to be held in physical assets.

This snapshot points to a continued shift toward financial instruments beyond bank deposits, signaling a long runway for financialisation in India.

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