Key Points
PMJDY: 20% of accounts inoperative with Rs 12,779 crore funds, says MoS Finance ..
MoS says many reasons for account turning inoperative, no direct co-relation to account-holder being untraceable Percentage of inoperative accounts down from 40% in March 2017 due to various initiatives Total of Rs 2.08 lakh crore funds in 51.11 crore PMJDY accounts..
Nearly 20% of the 511.1 million bank accounts under the Pradhan Mantri Jan Dhan Yojana remained inoperative as on December 6, the Rajya Sabha was informed on Tuesday..
Responding to a question on untraceable and inoperative PMJDY accounts, Karad further said that out of the total 103.4 million inoperative PMJDY accounts, 49.3 crore accounts belong to women..
Banks are making concerted efforts to reduce the percentage of inoperative accounts and the progress is being regularly monitored by the government, Karad said, adding that banks also organise camps at local level to create awareness about good banking habits...
You might be interested in
About 20 pc of 51 crore Jan Dhan accounts inoperative: MoS Finance
19, Dec, 23As per the Reserve Bank of India (RBI) guidelines, a savings as well as 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. The reasons for the account turning inoperative can be many and it has no direct co-relation to the account-holder being untraceable.