Term Deposits Below 7% Jump to 61.8% as Banks Reprice Liabilities
Bank term deposits with rates below 7% rose to 61.8% of total deposits by FY26, driven by 125 bps policy cuts and a shift to longer tenures. Deposits of 1‑3 year maturity jumped to 69.8%, pushing term deposits to 61.6% of overall deposits and marking a structural move away from savings accounts.