Comments
The balance amount in Pradhan Mantri Jan Dhan Yojna (PMJDY) account, which witnessed a growth of around 60 per cent in just 14 days after November 9, registered only 2.04 per cent growth after November 23.
The balance in PMJDY accounts, which was at ₹72,834.72 crore as on November 23, increased to ₹74,321.55 crore as on November 30.
Balance in these accounts increased by ₹1,486.83 crore from November 24-30.
The total number of PMJDY accounts increased by 10.83 lakh in the third week of demonetisation. The total number of PMJDY accounts increased from 25.67 crore as on November 23 to 25.78 crore as on November 30. However, around 16.47 lakh new accounts were added from November 9-23.
Even the zero-balance accounts came down marginally during the third week of demonetisation. Zero-balance accounts remained at 22.94 per cent in the total accounts from November 9-23. It came down to 22.84 per cent from November 24-30.
PMJDY envisages universal access to financial service with at least one basic banking account for every household.
The beneficiaries under Jan Dhan get a RuPay debit card with inbuilt accident insurance cover of ₹1 lakh. In addition there is a life insurance cover of ₹30,000 to those people who opened their bank accounts for the first time between August 15, 2014 and January 31, 2015.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.