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Common People Put 4 Trillion in Savings

Banking Khabar/ According to the National Bank, until the end of Ashadh, 6 trillion 494 billion rupees have been accumulated in banks and financial institutions from 10 sectors. In which the share of personal (savings of the general public) is 62.2 percent of the total deposits.

According to National Bank, by the end of Ashadh, common people have deposited a total of 4 trillion 39 billion rupees in banks and financial institutions.

By the end of Ashadh of the previous year, people had deposited 3 trillion 559 billion rupees, which this year has increased by 20 percent. After the general public, non-banking institutions have deposited the most.

Four institutions under non-banking have kept a total of 1 trillion rupees in deposits with banks and financial institutions till the end of Ashadh. In which the insurance company has deposited 600 billion rupees, the Employee Provident Fund has deposited 118 billion rupees and the Citizen Investment Fund has deposited 283 billion rupees.

As for non-banking, 283 billion rupees have been deposited in banks and financial institutions. Similarly, the third largest share of deposits is from non-governmental organizations. While non-governmental organizations have deposited a total of 418 billion rupees in banks and financial institutions, government and corporate companies have deposited 333 billion rupees.

This year, the deposits of non-profit organizations have increased by 20 percent. During this period, non-profit companies have deposited a total of 198 billion rupees in banks and financial institutions.

Similarly, while 73 billion rupees have accumulated towards non-residential deposits, 94 billion rupees have been deposited under the title of resident FCY deposits. Apart from this, the local levels have deposited 66 billion rupees in banks and financial institutions.

This time, the share of interbank deposits is only 42 billion rupees. Due to the decrease in interbank interest rates, this year such deposits have decreased by 29.2 percent compared to the previous year.

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Chief Editor

  • Madhav Nirdosh

Coordinator

  • Sandip B. K