Bank deposits constitute the largest proportion of household financial savings and their share in total, which fell during the 1980s, has been recovering since the 1990s (Table 10).
The buoyancy in bank deposits over the past year – growth of around 23.8 per cent, year-on-year, as of January 2008 – partly reflects some migration from small savings; as this signifies only a shift in the asset portfolio composition of households, the recent buoyancy in bank deposits is not suggestive of an uptrend in overall household financial savings.