Hydrogen is increasingly recognized as a pivotal component in the future of sustainable energy and the transition to a low-carbon economy. Surface-based hydrogen storage methods, such as compressed gas and liquid hydrogen storage, have limitations in terms of capacity, safety, and energy losses during the storage and retrieval processes. The geological formations such as caverns or depleted reservoirs provide a unique and potentially more effective repository for hydrogen with abundant storage capacity. This study investigates the details of subsurface hydrogen storage briefly reviewing the usage of hydrogen as a fuel and its physical and chemical characteristics. It explores the hydrogen production techniques and suitability for securely housing hydrogen. Additionally, it delves into the feasibility for subsurface storage of hydrogen and the potential challenges and risks. In sum, we outline the prospects for LRC-based hydrogen storage in India, and offer an insightful survey for implementation of large-scale storage systems.