Bank accounts in India 2020, by type and income group

Published by Sandhya Keelery, Aug 30, 2024
According to a survey conducted on banking systems in India in 2020, 86 percent of the households stated that they had Public Sector Undertaking bank accounts. However, 22 percent of the households stated that they had both private and public bank accounts.

Bank accounts share across India in 2020, by type and income group

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Sources

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Release date

January 2021

Region

India

Survey time period

2020

Number of respondents

5,314 households

Special properties

across 25 states

Supplementary notes

Specific date and type of survey was not mentioned by the source.

The survey covered households over 25 states with person "mostly doing banking and payment related work for the household".

Income groups were categorized depending on average income of households: Bottom - 110,000 INR
Middle - 180,000 INR
Top - 360,000 INR

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