Axis Bank has reported an 11% year-on-year growth in total deposits for the second quarter of FY26, reflecting India’s rising savings momentum and growing trust in digital banking. The bank’s steady performance shows how more individuals and families are embracing modern tools to manage, save, and grow their money efficiently.
The private sector lender’s total deposits reached ₹11.85 lakh crore, driven by robust growth in both retail and term deposits. Current and savings account (CASA) balances stood strong at ₹4.38 lakh crore, representing 37% of total deposits. This healthy mix indicates that customers are actively using Axis Bank’s products for both day-to-day transactions and long-term savings.
Axis Bank‘s digital platforms continue to play a key role in this growth. Nearly 97% of the bank’s retail transactions are now done through digital channels such as mobile banking and internet banking. The Axis Mobile app and Axis Pay UPI have seen strong adoption, making it easier for customers to transfer money, open fixed deposits, and invest in financial products without visiting a branch.
In Q2 FY26, the bank introduced several new features aimed at improving the savings experience. These include the “Lock FD” feature for instant fixed deposit creation and Gold Credit on UPI, allowing users to leverage their gold assets digitally. Such innovations are helping Indians make better financial choices and stay disciplined with their savings.
Axis Bank’s strong performance in deposits is backed by its growing customer base and expanding branch network. The bank now operates over 5,200 branches across India and continues to reach smaller cities and rural areas through its financial inclusion initiatives. This expansion is helping more Indians gain access to modern banking and secure savings options.
Apart from traditional banking, Axis Bank also offers wealth management, mutual funds, and insurance services through its subsidiaries. Its Burgundy Wealth division, catering to high-net-worth clients, has grown to manage ₹6.45 trillion in assets, reflecting the bank’s strong presence in India’s wealth creation ecosystem.
With India’s middle class becoming more financially aware, banks like Axis are helping customers move beyond cash-based saving habits toward structured, technology-driven financial planning. The bank’s focus on user-friendly digital tools, transparency, and customer service is helping it become a trusted partner for individuals planning their future financial goals.
Axis Bank, one of India’s top private sector banks, continues to balance innovation with stability. Its growing deposit base, strong digital presence, and wide product range make it a preferred choice for millions of Indians looking to save smartly and grow their wealth safely.
