Jan Dhan deposits surge to Rs 64,564 crore

Deposits in Jan Dhan accounts have touched a new high of Rs 64,564 crore, of which over Rs 300 crore came in the first seven months of demonetisation, according to government data.

The Pradhan Mantri Jan-Dhan Yojana (PMJDY), Prime Minister Narendra Modi’s pet scheme, aims at bringing hitherto unbanked areas and people under a formal banking system. Bank accounts can be opened with a zero balance under the PMJDY.

Finance ministry data show that there were about 28.9 crore PMJDY accounts on June 14 this year.

Of these, 23.27 crore accounts were with public sector banks, 4.7 crore with regional rural banks and 92.7 lakh with private ones. These accounts together have deposits of Rs 64,564 crore, the Finance Ministry data show.

(Agencies)

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