Saved at a financial institution or using a mobile money account in India

India: Saved at a financial institution or using a mobile money account was 27.0% in 2024. ▲ Rising

Latest (2024)
27.0%
Change on year
up 91.6%
World rank
37th
of 82 countries
All-time high
27.0%
in 2024
All-time low
11.6%
in 2011
Years of data
5
2011–2024

Saved at a financial institution or using a mobile money account in India, 2011–2024

01020302011201720242011: 11.6 % age 15+2014: 14.4 % age 15+2017: 19.6 % age 15+2021: 14.1 % age 15+2024: 27 % age 15+

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

Analysis

India recorded 27.0% for saved at a financial institution or using a mobile money account in 2024. That is the highest value across all 5 years on record.

Compared with earlier readings it is up 91.6% on the previous year and up 87.9% over ten years.

Over the whole period, saved at a financial institution or using a mobile money account in India peaked at 27.0% in 2024 and was at its lowest, 11.6%, in 2011.

India ranks 37th of 82 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 15.2% 11.6% 19.6% 3
2020s 20.5% 14.1% 27.0% 2

Countries ranked near India

  1. 34 Congo 28.6% compare
  2. 35 Türkiye 27.9% compare
  3. 36 Indonesia 27.3% compare
  4. 38 Congo, Democratic Republic of the 26.7% compare
  5. 39 Serbia 26.4% compare
  6. 40 Bolivia, Plurinational State of 26.3% compare

See the full ranking of 92 places →

More reference data data for India

All data for India →

Frequently asked questions

What is saved at a financial institution or using a mobile money account in India?
Saved at a financial institution or using a mobile money account in India was 27.0% in 2024, according to Global Findex Database.
What is the highest saved at a financial institution or using a mobile money account recorded in India?
The highest recorded value was 27.0% in 2024.
What is the lowest saved at a financial institution or using a mobile money account recorded in India?
The lowest recorded value was 11.6% in 2011.
How does India rank for saved at a financial institution or using a mobile money account?
India ranks 37th out of 82 countries with data for 2024.
Is saved at a financial institution or using a mobile money account rising or falling in India?
Over the last ten years it is up 87.9%. 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 Saved at a financial institution or using a mobile money account (% age 15+). Statizoid updates them automatically from the source API.

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Saved at a financial institution or using a mobile money account in India. Statizoid, drawing on Global Findex Database. Retrieved 22 August 2026, from https://reference.statizoid.com/stat/saved-at-a-financial-institution-or-using-a-mobile-money-account-percent-age-15/india/

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About this data

Indicator
Saved at a financial institution or using a mobile money account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
92 places, 460 data points, 2011–2024
Last refreshed

The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution or using a mobile money account to save in the past year, (% age 15+)