PANAJI, MARCH 21: 
Goa ranks third nationally as far as per capita deposits are concerned, 
outsmarted only by the Union Territories of Delhi and Chandigarh, according to 
a recent Economic Survey.

The record mentions that the per capita deposits of Delhi stand at Rs 3.16 
lakh, seconded by Chandigarh at Rs 2.32 lakh, and followed by Goa at Rs 1.72 
lakh, the Survey, which was tabled on the floor of the House, read.

The Survey said the aggregate deposits registered phenomenal growth from Rs 9 
crore in 1962, a year after liberation from Portuguese rule, to Rs 26,045 crore 
in 2008-09 and Rs 34,165 crore in 2010-11.

“As on September 2011, the total bank deposits stood at Rs 40,617 crore,” the 
Survey mentions, adding that bank deposits have seen an increasing trend over 
the last few years.

The bank deposits, the Survey says, saw an enormous rise in 2000-01 over 
1995-96, wherein the growth recorded is approximately 127 per cent.

“However, as investors became more familiar with new investment avenues, the 
annual growth rate of deposits reduced to 13 per cent in year 2009-10,” it said.

“Subsequently in 2010-11, the growth rate went up to 16 per cent,” the report 
adds.

Goa had 586 banking offices as on September 30, 2011. The ES points out that 
there is bank branch for approximately every 2,500 people in Goa, taking into 
account the population of the State.

Goa is the only State with a low ratio of 4,148 population per bank branch, 
while all the other States and Union Territories have a ratio of above 5,000 
population per branch.

“This shows that Goa has the best banking services compared to all the other 
States and Union Territories in the country,” the Survey reads.

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