In Less Than 9 Years, Jan Dhan Accounts Have Reached 50 Crores
The total deposits in these accounts are above ₹ 2.03 lakh crore while around 34 crore RuPay cards have been issued with these accounts free of cost.
New Delhi: 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 ₹ 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 ₹ 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 ₹ 2 lakh, and an overdraft facility of up to ₹ 10,000.
Original News: India News | Press Trust of India
(Except for the headline, this story has not been edited by Scrabbl staff and is published from a syndicated feed.)
