Jan Dhan Accounts

PM Modi on Thursday said in his post on "X": "When the last mile is financially connected, the entire nation moves forward together

With the PM Jan Dhan Yojana completing 11 years, Prime Minister Narendra Modi on Thursday said the scheme has given people the power to script their own destiny and asserted that when the last mile is financially connected, the entire nation moves forward together. The PM Jan Dhan Yojana, launched on this day in 2014, is a national mission on financial inclusion encompassing an integrated approach to bring about comprehensive financial inclusion of all the households in the country. The scheme envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension facility. In a post on X, Modi said, "When the last mile is financially connected, the entire nation moves forward together. That is exactly what the PM Jan Dhan Yojana achieved. It enhanced dignity and gave people the power to script their own destiny." The prime minister, in another post, shared a post by MyGov on how PM Ja

She stated that PMJDY has been one of the major channels for delivering benefits under various schemes

As many as 23 per cent of the total 56.04 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts are inoperative, Minister of State for Finance Pankaj Chaudhary said on Monday. Out of 56.03 crore PMJDY accounts at the end of July 31, 2025, 13.04 crore such accounts are inoperative, he said in a written reply in the Lok Sabha. Uttar Pradesh has the highest number of inoperative Jan Dhan accounts of 2.75 crore, followed by Bihar at 1.39 crore and Madhya Pradesh at 1.07 crore, he said. As per the Reserve Bank of India (RBI) guidelines dated February 18, 2009, a savings account should be treated as inoperative/dormant if there are no transactions in the account for over a period of two years. The government has taken various steps to ensure smooth functioning of PMJDY accounts, including Direct Benefit Transfer (DBT). These benefits are transferred even to the inactive accounts. Banks inform account holders in writing through letters or email or SMS about the accounts which are to beco

The Reserve Bank of India’s Monetary Policy Committee today kept the repo rate unchanged at 5.5%, and maintained a neutral policy stance.

The government is committed to deepening financial inclusion and ensuring that access to basic banking services leads to meaningful participation in the formal financial system, including access to credit, Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha on Monday. The launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014 marked a significant step in banking the unbanked by facilitating the opening of basic savings bank deposit accounts, with associated features, such as RuPay debit cards and an in-built overdraft facility, he said. As of date, over 55.90 crore accounts have been opened under the PMJDY, he said in a written reply. As part of the saturation drive, banks across the country are engaged in a nationwide campaign for deepening financial inclusion (FI) schemes and re-KYC in bank accounts of beneficiaries. The three-month drive, which started on July 1, would end on September 30, 2025. As part of the campaign, banks are holding camps at G

The concern arises from the increasing misuse of some Jan Dhan accounts by fraudsters as "mule accounts" to carry out cyber fraud

Number of such accounts stands at 110 million

A total of 54.03 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY), of which 11.30 crore accounts are inoperative, Parliament was informed on Tuesday. In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said the inoperative banks have a balance of Rs 14,750 crore as of November 20, 2024. The percentage of inoperative PMJDY accounts for public sector banks (PSBs) declined from 39.62 per cent in March 2017 to 20.91 per cent in November 2024. As per Reserve Bank of India (RBI) guidelines, a saving as well as a current account should be treated as inoperative/ dormant, if there are no customer induced transactions in the account for over a period of two years. Banks continuously make concerted efforts to monitor the percentage of operative accounts and the progress is being regularly monitored by the government, Chaudhary said. Further, banks have been advised to take necessary steps urgently to bring down the

SBI is using wealth banking to focus on a segment which is below affluent class but above the normal account holders

PMJDY is testimony to how digital technology can be put to use for the poor so that they also benefit from the economic growth

A policy document, which was published by the UN before the G20 Summit, mentions India has achieved around 80 per cent of financial inclusion in the last six years

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About 20 per cent of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts in the country are inoperative, the government said on Tuesday. As on December 6, of the total 10.34 crore inoperative PMJDY accounts, 4.93 crore belong to women, Minister of State for Finance Bhagwat K Karad said in a written reply to the Rajya Sabha. As per data received from banks, of the approximately 51.11 crore PMJDY accounts, around 20 per cent accounts were inoperative as on December 6, he said. The percentage of inoperative PMJDY accounts is similar to the percentage of overall inoperative accounts in the banking sector, he said. The deposited balance in the inoperative PMJDY accounts is around Rs 12,779 crore, which is around 6.12 per cent of the total deposited balance in PMJDY accounts, he said. This balance continues to earn interest at par with that applicable to operative accounts and can be claimed and withdrawn by depositors at any point of time after the account becomes operative again, he ...

Finance Minister Nirmala Sitharaman on Monday said Jan Dhan Yojana-led interventions and digital transformation have revolutionised financial inclusion in the country, as more than 50 crore people have been brought into the formal banking system with cumulative deposits surpassing Rs 2 lakh crore. On the ninth anniversary of the Pradhan Mantri Jan Dhan Yojana (PMJDY), which is one of the biggest financial inclusion initiatives in the world, Sitharaman in her message said 55.5 per cent bank accounts have been opened by women, and 67 per cent have been opened in rural/semi-urban areas. Under the scheme, the number of bank accounts grew 3.4-fold from 14.72 crore in March 2015, to 50.09 crore as on August 16, 2023. Total deposits too have swelled from Rs 15,670 crore as of March 2015, to over Rs 2.03 lakh crore as of August 2023. The average deposits in Jan Dhan accounts have increased 3.8 times from Rs 1,065 as of March 2015, to Rs 4,063 in August 2023. About 34 crore RuPay cards hav

More than 50.09 crore accounts have been opened under the PM Jan Dhan Yojana in the last nine years and the deposit balance swelled to over Rs 2.03 lakh crore, the Finance Ministry said on Saturday. The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014, with the aim to provide universal banking services through the opening of zero-balance bank accounts for every unbanked household, based on the guiding principles of banking the unbanked, securing the unsecured and funding the unfunded. Financial Services Secretary Vivek Joshi said 33.98 crore RuPay cards were issued to PMJDY account holders as of August 2023, up from 13 crore at the end of March 2015. "Currently there are 225 crore bank accounts in the country. The data shows that many people have more than one bank account. Overall in terms of account opening, we are nearing saturation," Joshi said. He said the zero balance accounts under Jan Dhan yojana have reduced to 8 per cent of total accounts as of Augus

Prime Minister Narendra Modi on Saturday lauded the feat of the number of Jan Dhan accounts crossing the 50-crore mark as a significant milestone. It is heartening to see that more than half of these accounts belong to women, Modi posted on X. The Union Finance Ministry said on Friday that the total number of Jan Dhan accounts in the country has crossed the 50-crore mark, with 56 per cent of them belonging to women. About 67 per cent of these accounts have been opened in rural and semi-urban areas, the ministry said in a statement. Terming it a significant milestone, Modi said, "It is heartening to see that more than half of these accounts belong to our Nari Shakti. With 67% of accounts opened in rural and semi-urban areas, we are also ensuring that the benefits of financial inclusion reach every corner of our nation." The total deposits in the Jan Dhan accounts are above Rs 2.03 lakh crore while around 34 crore RuPay cards have been issued with these accounts free of cost, the ..

The total number of Jan Dhan accounts in the country has crossed 50 crore-mark, with 56 per cent of the accounts belonging to women, the finance ministry said on Friday. About 67 per cent of these accounts have been opened in rural and semi-urban areas, it said in a statement. The total deposits in these accounts are above Rs 2.03 lakh crore while around 34 crore RuPay cards have been issued with these accounts free of cost. The average balance in Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts is Rs 4,076 and more than 5.5 crore of these are receiving Direct Benefit Transfer (DBT), it said. The National Mission on Financial Inclusion -- popularly known as PMJDY -- which was launched on August 28, 2014, has been successful in changing the financial landscape of the country, it added. PMJDY offers multiple advantages to account holders such as a bank account without the requirement of a minimum balance, free of cost RuPay debit cards with in-built accident insurance of Rs 2 lakh, a

Aggregate deposits in 49.49 crore Jan Dhan accounts have crossed Rs 2 lakh crore, Parliament was informed on Monday. The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in August 2014 with the aim to provide universal banking services through opening of zero balance bank account for every unbanked household, based on the guiding principles of banking the unbanked, securing the unsecured and funding the unfunded. As on July 12, deposits in 49.49 crore Jan Dhan accounts stood at Rs 2,00,958 crore, Minister of State for Finance Bhagwat Karad said in a written reply in Lok Sabha. Some of the features of PMJDY are, one Basic Savings Bank Deposit (BSBD) account to every unbanked adult, overdraft limit of Rs 10,000; and free Rupay debit card with inbuilt accident insurance cover of Rs 2 lakh (Rs 1 lakh for accounts opened before 28.08.2018). The last mile delivery of basic banking services like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance enquiry and mi