Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

@article{190944,
        author = {Ms. Jayshri R. Ichchhuda},
        title = {A Study on Financial Savings Management by Households in India},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {12},
        number = {no},
        pages = {511-518},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=190944},
        abstract = {Household savings in India play a pivotal role in funding domestic capital formation, contributing approximately 59% of gross domestic savings. This study examines the evolving patterns of financial savings management among Indian households, focusing on trends from 2019-2025, influenced by the Covid-19 pandemic, inflation, and changing interest-rates dynamics. Using data from the Reserve Bank of India’s Handbook of Statistics on the Indian Economy, National Accounts Statistics, and other govt or semi govt official database. The research employs descriptive statistics and trend analysis to document changes in aggregate savings rates, portfolio allocation (bank deposits, insurance, pension, mutual funds, equities), and saving instruments. The share of traditional bank deposits in financial savings has shown downward trend as households shifting to higher yielding instruments like physical savings, equities, mutual funds, and insurance products. Key findings reveal a complex transition: while there has been a growth in participation in formal, market-linked instruments- particularly mutual funds and systematic investment plans, household savings as proportion of GDP have faced a downward pressure in recent years, accompanied by an increase in household liabilities. This discrepancy indicates that improved access to financial markets has not consistently resulted in increased overall precautionary or long-term savings. Overall, this paper contributes to understand how structural, institutional, and behavioral elements together affect household savings management in the fast-evolving financial environment in India. The paper concludes with policy recommendations to strengthen household financial management and increase formal savings and investment.},
        keywords = {Household savings, financial savings patterns, physical and financial assets, market linked instruments, RBI data, Post-Covid Trends.},
        month = {},
        }