An interactive view of the flow (new savings each year) and stock (the household balance sheet) of Indian household financial savings, instrument by instrument. All numbers sourced directly from the RBI Bulletin September 2026 — Tables 52(a) and 52(b) (released 25 Sep 2026, latest data through 31 Mar 2026).
Q4 of every fiscal year tends to be the highest — March-quarter tax planning + bonus flows.
The balance sheet of the Indian household — quarter-end outstanding balances.
Both stocks have grown — but debt has grown faster, especially post-2022.
Mar 2026 quarter-end · RBI Bulletin Table 52(b).
Stack of every ₹ of household financial assets, Mar-end snapshots from Mar 2019 to Mar 2026 · flip the toggle to see % share. Notice how equity & mutual funds were essentially zero in 2019 — and now make up ₹140L cr of the ₹490L cr balance sheet.
Source: RBI Bulletin Table 52(b) — Mar 2023 onwards from RBI Bulletin Sep 2026; Mar 2019 to Mar 2022 from DBIE mirror (Mar-19 & Mar-20 don't separately break out Equity, PPF, Pension Funds, or Small Savings — those series started later in RBI reporting).
Quarter-end outstanding loans · RBI Table 52(b).
Where the ₹158.6L cr household debt stock sits today.
RBI Table 52(a) · annual net additions. Note: HFC in FY24 and Co-op in FY22 went negative — RBI reclassifications, not real deleveraging.
Net financial savings of ₹21.69L cr in FY26 (preliminary) — close to the revised FY25 record of ₹22.57L cr. Q1 alone was ₹7.42L cr, the highest opening quarter ever. (Numbers revised in Sep 2026 bulletin; FY24-25 also slightly revised upward.)
Net direct equity flow in FY26 = −₹0.80L cr (per RBI Bulletin Sep 2026 Table 52(a), p.156). This is at transaction prices — net of purchases and sales. The Indian market was roughly flat in FY26 (Nifty ended Mar 2026 near where it started Apr 2025), so the negative flow most likely reflects reduced new buying activity in a softer market + lower dividend reinvestment — not households dumping stocks. Still, every prior year on record had positive net inflows, so the magnitude is noteworthy.
After the FY25 squeeze, bank deposit additions jumped back to ₹14.86L cr in FY26 (revised up from ₹14.62L) — back near FY24's record. The deposit-share-of-GFS rose from 31% to 34%.
Total financial liabilities at Mar 2026 = ₹158.55L cr (revised up from ₹158.48L in Aug) — up from ₹137.04L cr a year earlier. +2.8 pp YoY, the steepest annual jump in this series.
Currency in hand additions jumped from ₹2.09L cr in FY25 (revised) to ₹4.15L cr in FY26 — a fresh all-time high, and almost back to FY21's pandemic-era level.
Total household financial assets at Mar 2026 = ₹490.24L cr (141.9% of GDP — revised up from 141.6% per Sep 2026 bulletin as GDP base was updated). Up from ₹453.85L cr at Mar 2025. Equity stock alone fell — from ₹98.3L cr to ₹88.6L cr.
Outstanding loans against gold jewellery jumped from ₹2.94L cr at Jul 2025 to ₹5.52L cr at Jul 2026 (per RBI Bulletin Sep 2026 Table 15). Now 7.7% of all bank personal loans — up from 4.7% a year ago. Part of the jump is an RBI-noted reclassification of agricultural gold loans since May 2024.
Housing (₹34.3L) + Vehicle (₹7.6L) + Education (₹1.6L) = ₹43.5L cr of asset-creation loans at Jul 2026. The remaining 39% — credit card, gold, other personal, durables, FD-backed — funds current consumption or short-term needs. Asset-share has held remarkably steady at ~60% since 2019.
Banks added +55% more net new personal loans in FY26 than FY25 (₹6.25L → ₹9.68L cr) — a normal recovery year. The reported FY24 figure (₹11.64L) is inflated by the HDFC Ltd → HDFC Bank merger (~₹6.5L cr one-time addition in Q2 FY24); normalized organic FY24 ≈ ₹5.14L cr, sitting cleanly between FY23 and FY26.
How the household investment flow split this year.
RBI Bulletin Table 52(a) · "Investments" split · hover for values.
Banks' ₹71.83L cr of personal loan outstanding, broken into 8 categories. Click legend to toggle.
Mar-end of each year + latest month · ₹ lakh crore outstanding · Jul-2026 datapoint is from the Sep RBI Bulletin (Table 15).
Housing + Vehicle + Education = asset-creation loans (build wealth over time). Credit Card + Other Personal + Consumer Durables + FD-backed = consumption loans. Gold loans sit in between (often used for medical / business). Mar-2024 onwards stocks include the ~₹6.5L cr HDFC Ltd → HDFC Bank merger one-time addition to Housing.
₹9.68L cr of fresh personal loans in FY26 — how it splits by loan purpose. Note the gold-loan surge (mostly reclassification, see footnote).
Stacked annual net additions · FY24 housing flow is normalized for the HDFC Ltd → HDFC Bank merger (subtracted ~₹6.5L cr one-time addition in Q2 FY24). Without normalization, FY24 total would read ₹11.64L cr instead of ₹5.14L cr.
| Fiscal Year | GFS ₹ lakh cr |
GFS % GDP |
Liab. ₹ lakh cr |
Liab. % GDP |
Net Savings ₹ lakh cr |
Net % GDP |
|---|