Indian Deposits in Swiss Banks Decrease by 8% to Rs 36,793 Crore in 2025, While Customer Deposits Increase by 50%

In 2025, funds associated with Indian clients in Swiss banks experienced a decline of 8%, amounting to 3.25 billion Swiss francs. This reduction contrasts with a notable increase in direct customer account deposits, which surged over 50% during the same period. It is important to note that this shift follows a considerable rebound in 2024 when there was a rise in overall deposits.

The Swiss National Bank (SNB) has addressed concerns regarding the nature of these funds, emphasizing that the data reported does not indicate the presence of illicit or “black money” activities. The growing deposits in direct customer accounts suggest increased confidence among Indian clients in the Swiss banking system, possibly influenced by regulatory changes and economic stability within both Switzerland and India. Swiss banks have long been synonymous with privacy and asset protection, and this recent surge in deposits may reflect a broader trend in the wealth management sector.