Bank or similar financial institution account, out of laborforce in India

India: Bank or similar financial institution account, out of laborforce was 85.3% in 2024. ▲ Rising

Latest (2024)
85.3%
Change on year
up 15.4%
World rank
28th
of 98 countries
All-time high
85.3%
in 2024
All-time low
26.2%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account, out of laborforce in India, 2011–2024

204060802011201720242011: 26.2 % age 15+2014: 41.1 % age 15+2017: 75 % age 15+2021: 73.9 % age 15+2024: 85.3 % age 15+

Source: World Bank. Measured in % age 15+.

Analysis

In 2024, bank or similar financial institution account, out of laborforce in India stood at 85.3%. That is the highest value across all 5 years on record.

Compared with earlier readings it is up 15.4% on the previous year and up 107.9% over ten years.

Over the whole period, bank or similar financial institution account, out of laborforce in India peaked at 85.3% in 2024 and was at its lowest, 26.2%, in 2011.

That places India 28th out of 98 countries with data for 2024, putting it in the middle of the range.

Bank or similar financial institution account, out of laborforce in India, year by year

Annual values for Bank or similar financial institution account, out of laborforce (% age 15+) in India, 2011 to 2024.
Year % age 15+ Change
2011 26.2%
2014 41.1% +56.8%
2017 75.0% +82.8%
2021 73.9% -1.5%
2024 85.3% +15.4%

Averages by decade

DecadeAverage LowestHighest Years
2010s 47.4% 26.2% 75.0% 3
2020s 79.6% 73.9% 85.3% 2

Countries ranked near India

  1. 25 Iran, Islamic Republic of 88.2% compare
  2. 26 Czechia 87.5% compare
  3. 27 Thailand 85.9% compare
  4. 29 Venezuela, Bolivarian Republic of 84.9% compare
  5. 30 Croatia 83.7% compare
  6. 31 Mauritius 83.7% compare

See the full ranking of 110 places →

More reference data data for India

All data for India →

Frequently asked questions

What is bank or similar financial institution account, out of laborforce in India?
Bank or similar financial institution account, out of laborforce in India was 85.3% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, out of laborforce recorded in India?
The highest recorded value was 85.3% in 2024.
What is the lowest bank or similar financial institution account, out of laborforce recorded in India?
The lowest recorded value was 26.2% in 2011.
How does India rank for bank or similar financial institution account, out of laborforce?
India ranks 28th out of 98 countries with data for 2024.
Is bank or similar financial institution account, out of laborforce rising or falling in India?
Over the last ten years it is up 107.9%. The long-run trend across the full record is rising.
Where does this India data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, out of laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, out of laborforce in India. Statizoid. Retrieved 08 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-out-of-laborforce-percent-age-15/india/

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About this data

Indicator
Bank or similar financial institution account, out of laborforce (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed