In what could be a sign of improved reach of banking services across the country, the shave of households in total deposits with scheduled commercial banks (SCBs) climbed to 61.5 per cent as on March-end 2016, from 60.1 per cent as on March-end 2015.
Household sector deposits include those by individuals (farmers, businessmen, traders, professionals & self-employed, and wage and salary earners), trusts, associations & clubs, proprietary and partnership concerns, educational and religious institutions, and self-help groups.
Inflows into the Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts are also reflected under the household sector deposits.
As of March-end 2016, total deposits with SCBs rose 10 per cent year-on-year to ₹98,41,290 crore as against ₹89,72,714 crore as of March-end 2015, according to RBI data.
Total deposits include deposits placed with banks by the government sector, private corporate sector (non-financial), financial sector, household sector and foreign sector.
The government sector’s deposits as a percentage of total deposits with SCBs declined to 12.8 per cent (from 14.4 per cent as at March-end 2015).
The government sector includes Central and State governments, local authorities, quasi-govenrment bodies, and public sector corporations and companies.
The private corporate sector's deposits as a percentage of total deposits with SCBs nudged up to 10.8 per cent (from 10.1 per cent as at March-end 2015).