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India
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Jun 20, 2025
Explained: Surge in Indian funds in Swiss banks
Indian money parked in Swiss banks has jumped to 3.5 billion Swiss francs (about ₹37,600 crore) this year—the highest since 2021.
Most of this spike comes from big institutional funds making fresh deposits, bouncing back after a drop in 2023.
TL;DR
India only 48th on list of countries with most assets
Individual Indian deposits also grew slightly, up 11% to 346 million francs.
Still, India is only 48th on the list of countries with the most assets in Swiss banks—far behind places like the UK and US.
For anyone wondering, Swiss officials stress these figures don't reflect any hidden or illegal money; Switzerland now shares detailed financial info with India every year to keep things transparent.