Bank or similar financial institution account in India

India: Bank or similar financial institution account was 88.7% in 2024. ▲ Rising

Latest (2024)
88.7%
Change on year
up 14.7%
World rank
36th
of 115 countries
All-time high
88.7%
in 2024
All-time low
35.2%
in 2011
Years of data
5
2011–2024

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

0204060802011201720242011: 35.2 % age 15+2014: 52.8 % age 15+2017: 79.8 % age 15+2021: 77.3 % age 15+2024: 88.7 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

In 2024, bank or similar financial institution account in India stood at 88.7%. That is the highest value across all 5 years on record.

That represents a change of up 14.7% on the previous year and up 68.1% over ten years.

Over the whole period, bank or similar financial institution account in India peaked at 88.7% in 2024 and was at its lowest, 35.2%, in 2011.

That places India 36th out of 115 countries with data for 2024, putting it in the middle of the range.

Bank or similar financial institution account in India, year by year

Annual values for Bank or similar financial institution account (% age 15+) in India, 2011 to 2024.
Year % age 15+ Change
2011 35.2%
2014 52.8% +49.7%
2017 79.8% +51.3%
2021 77.3% -3.2%
2024 88.7% +14.7%

Averages by decade

DecadeAverage LowestHighest Years
2010s 55.9% 35.2% 79.8% 3
2020s 83.0% 77.3% 88.7% 2

Countries ranked near India

  1. 33 Mauritius 89.5% compare
  2. 34 China 89.4% compare
  3. 35 Israel 89.3% compare
  4. 37 Greece 88.6% compare
  5. 38 Ukraine 87.6% compare
  6. 39 Malaysia 87.2% compare

See the full ranking of 127 places →

More reference data data for India

All data for India →

Frequently asked questions

What is bank or similar financial institution account in India?
Bank or similar financial institution account in India was 88.7% in 2024, according to Global Findex Database.
What is the highest bank or similar financial institution account recorded in India?
The highest recorded value was 88.7% in 2024.
What is the lowest bank or similar financial institution account recorded in India?
The lowest recorded value was 35.2% in 2011.
How does India rank for bank or similar financial institution account?
India ranks 36th out of 115 countries with data for 2024.
Is bank or similar financial institution account rising or falling in India?
Over the last ten years it is up 68.1%. The long-run trend across the full record is rising.
Where does this India data come from?
The figures come from Global Findex Database, published as part of Bank or similar financial institution account (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account in India. Statizoid, drawing on Global Findex Database. Retrieved 27 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-percent-age-15/india/

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About this data

Indicator
Bank or similar financial institution account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
127 places, 635 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another similar financial institution, (% age 15+)