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Duplicate accounts under Jan Dhan plan rising: Survey

MicroSave says 33% of customers claim this is not their first account

Nupur Anand  |  Mumbai 

The number of duplicate accounts (those already having a bank account) under the Pradhan Mantri Jan Dhan Yojana (PMJDY) is growing, according to a survey by financial inclusion consulting firm MicroSave. “Thirty-three per cent of the customers indicated that PMJDY was not their first account, in comparison to 14 per cent in Wave-II survey (conducted in July 2015) and Wave-I (conducted in December 2014). Hence, indications are that fresh account opening drives are encouraging clients to open a second account. Most of these accounts are not used,” said the survey. This ...

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Duplicate accounts under Jan Dhan plan rising: Survey

MicroSave says 33% of customers claim this is not their first account

MicroSave says 33% of customers claim this is not their first account The number of duplicate accounts (those already having a bank account) under the Pradhan Mantri Jan Dhan Yojana (PMJDY) is growing, according to a survey by financial inclusion consulting firm MicroSave. “Thirty-three per cent of the customers indicated that PMJDY was not their first account, in comparison to 14 per cent in Wave-II survey (conducted in July 2015) and Wave-I (conducted in December 2014). Hence, indications are that fresh account opening drives are encouraging clients to open a second account. Most of these accounts are not used,” said the survey. This ... image
Business Standard
177 22

Duplicate accounts under Jan Dhan plan rising: Survey

MicroSave says 33% of customers claim this is not their first account

The number of duplicate accounts (those already having a bank account) under the Pradhan Mantri Jan Dhan Yojana (PMJDY) is growing, according to a survey by financial inclusion consulting firm MicroSave. “Thirty-three per cent of the customers indicated that PMJDY was not their first account, in comparison to 14 per cent in Wave-II survey (conducted in July 2015) and Wave-I (conducted in December 2014). Hence, indications are that fresh account opening drives are encouraging clients to open a second account. Most of these accounts are not used,” said the survey. This ...

image
Business Standard
177 22