September 3, 2025

Source: RBI, MOsPI [{ "selector": ".bqujd-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".ifilz-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }]

As of June 2025, Maharashtra, Delhi, Karnataka, Uttar Pradesh and Tamil Nadu together accounted for 54.3% of India’s total bank deposits.

Total deposits include demand and time-liability instruments such as savings, current, fixed, recurring deposits, cash certificates, unclaimed balances, DDs and margins.

As per Census 2011, these five states together account for about 38% of India’s population but hold 54.3% of total deposits (RBI, June 2025).

Maharashtra

Maharashtra with a population of 11.24 crore (~9.3% of India), contributes the highest share of deposits, led by Mumbai’s financial sector.

Delhi

Delhi, with a population of ~1.68 crore (~1.4%), ranks among the top states in deposits, highlighting the state's high per-capita income.

Karnataka

Karnataka, with ~6.11 crore people (~5%), holds a strong share in deposits, supported by Bengaluru’s IT and services economy.

Uttar Pradesh

Uttar Pradesh, the most populous state with ~19.98 crore people (~16.5%), shows a relatively lower share in deposits compared to its size.

Tamil Nadu

Tamil Nadu, with ~7.21 crore people (~6%), contributes significantly to deposits, driven by industries and remittance flows.

What happened to the ₹10,000 and ₹5,000 notes?

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