Structural shift in bank deposits sees decline in savings deposits share and increase in term deposits

Share of term deposits below 7% jumps as banks reprice liabilities

Bank term deposits under 7% surged to 61.8% in FY26 due to 125 basis points of policy rate cuts. Depositors shifted to longer maturities, with one-to-three-year tenures rising to 69.8%. Term deposits now form 61.6% of…