Key Points
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...
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This balance continues to earn interest at par with that applicable to operative accounts and can be claimed and withdrawn by depositors at any point of time after the account becomes operative again, he said.. Banks are making concerted efforts to reduce the percentage of inoperative accounts and the progress is being regularly monitored by the government, he said, adding that banks also organise camps at the local level to create awareness about good banking habits, including the benefits of keeping the account active/operative...
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PMJDY: 20% of accounts inoperative with Rs 12,779 crore funds, says MoS Finance
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