Govt. denies directions given to Banks to close inactive PM Jan Dhan Yojana accounts

Govt. denies any directions given to Banks to close inactive PM Jan Dhan Yojana accounts

No directions have been given to Banks to close inactive PM Jan Dhan Yojana accounts – says Govt. The other day, several news portal and social media reported that over 11 crore Bank Accounts are on the brink of closure as the Central government has advised the public sector banks to shut the ones opened under the PM Jan Dhan Yojna and have not been used for a long time.

In connection with reports appearing in media that Department of Financial Services(DFS), M/o Finance has asked Banks to close inactive PM Jan Dhan Yojana accounts, the Department of Financial Services has issued a Press Release stating that it has not asked Banks to close inactive PM Jan Dhan Yojana accounts.

It has bene further stated that a three-month campaign starting from July 1 has been launched by DFS all over the country to deepen the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. Banks will also carry out re- KYC of all due accounts during this campaign. DFS constantly monitors the number of inoperative PMJDY accounts and has advised Banks to contact respective account holders to make their accounts operative.

It has been further stated that the total number of PMJDY accounts have seen a continuous increasing trend and no incidents of mass closure of inactive PMJDY accounts has come to the knowledge of the department.

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