As per Census of India, 2001, only per cent of the people use any kind of financial services. In terms of overall financial literacy in the Asia-Pacific region, India is at the bottom among 1
countries ( MasterCard Index for Financial Literacy – 2013). According to a survey conducted by InterMedia in 201 –14, only 2 per cent of urban-poor adults (18+) reported having a registered bank account, and out of those, only 45 per cent reported actively using it during the last 90 days, which translates into only 13 per cent of urban-poor adults. Most urban poor, who have a registered bank account, hold only savings account (98 per cent).
Holding other accounts such as current or recurring deposit accounts was not common. Delhi is home to 85 slum clusters, with more than 418,000 households living on land owned by government authorities, including Delhi Cantonment Board, CPWD/L & DO, Delhi government, DUSIB, MCD, NDMC and Railways.