31.20 crore accounts opened under Pradhan Mantri Jan-Dhan Yojana (PMJDY) with aggregate deposit balances Rs. 75,572.09 crore as on 28 February 2018

As informed by banks, as on 28 February 2018, 31.20 crore accounts have been opened under Pradhan Mantri Jan-Dhan Yojana (PMJDY) with aggregate deposit balances Rs. 75,572.09 crore. Of these, 25.18 crore (81%) Jan-Dhan accounts are operative. Banks are committed to enhance the number of operative Jan-Dhan accounts.

Public Sector Banks (PSBs) have reported that no such incidence has been observed presently. Moreover, Jan-Dhan accounts do not have any requirement of maintaining minimum balance.

Public Sector Banks have reported that by February 2018 only about 59 lakh (1.9%) Jan-Dhan accounts have been closed since launch of the scheme. Jan-Dhan accounts are closed as per request of the account-holder. Some of the Jan-Dhan accounts are closed due to conversion of Jan-Dhan accounts into normal savings account as per request of the account-holder. In some cases accounts are closed due to account-holder having multiple accounts in his/her name in the same bank, as per Reserve Bank of India guidelines dated 10.8.2012 applicable to Basic Savings Bank Deposit (BSBD) accounts including Jan-Dhan accounts.

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