Data from the Reserve Bank of India (RBI) indicates a notable increase in large-term deposits, with those of ₹5 crore and above comprising 34.8% of total term deposits as of March 2026. This marks a significant rise from 0.05% of total accounts, highlighting a growing concentration of wealth among a small number of high-value depositors. Overall, deposits of ₹1 crore and above accounted for 46.3% of all term deposits, reflecting a shift in depositor behavior amid a competitive banking environment. The trend is driven by attractive interest rates on large deposits, with banks offering rates around 7.5-7.75% to attract funds. Public sector banks emerged as the largest contributors to deposit growth, while the share of savings deposits has declined significantly, indicating a preference for higher-yielding fixed-income instruments. Additionally, the maturity profile of deposits has shifted, with a greater proportion of term deposits having maturities of one to three years. The data also reveals a rise in loans with interest rates below 9%, indicating effective transmission of monetary policy into lending rates.