Bank Deposits to GDP(%) :

The total value of demand, time and saving deposits at domestic deposit money banks as a share
of GDP. Deposit money banks comprise commercial banks and other financial institutions that
accept transferable deposits, such as demand deposits.

Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using
the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand
and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI.

Bank deposits play a crucial role in the growth of an economy as a whole. It directly accounts for
the potential of government or central bank to provide loans for the borrowers. Therefore the
larger the amount of bank deposits, larger is the credit creation for the banks to offer the
borrowers. It can be inferred from the graph drawn from the statistics of RBI, that the Bank
deposits to GDP ratio have shown gradual increase year on year right from 1990. This shows
how the government was able to incentivize people in depositing money in banks and provide
liquidity of the savings.
USA vs India during (2008-2009) & (2009-10) :

Financial Inclusion :