Finance Ministry Denies Inactive PM Jan Dhan Yojana Account Closure Directive

Last updated: 09 July 2025

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The Department of Financial Services (DFS) under the Finance Ministry has officially denied reports suggesting that banks were instructed to close inactive Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts. Instead, the DFS has launched a nationwide campaign from July 1st to boost the adoption of various welfare schemes, including PMJDY, and to conduct re-KYC for existing accounts. While the department monitors inactive accounts and encourages banks to reactivate them, there have been no mass closures.

No directions given to Banks to close inactive PM Jan Dhan Yojana accounts: Department of Financial Services, M/o Finance

PM Jan Dhan Yojana Accounts: Finance Ministry Denies Closure Directive

In connection with reports appearing in media that the 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 said that it has NOT asked Banks to close inactive PM Jan Dhan Yojana accounts.

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. 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.

FAQ :

No, the Department of Financial Services (DFS), Ministry of Finance, has explicitly stated that it has NOT asked banks to close inactive PM Jan Dhan Yojana accounts.

The DFS monitors the number of inoperative PMJDY accounts and has advised banks to contact account holders to make their accounts operative.

Yes, a three-month campaign started on July 1st across the country to deepen the adoption of PM Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes.

During the campaign, banks will also carry out re-KYC (Know Your Customer) for all due accounts.

No, the department has not become aware of any incidents of mass closure of inactive PMJDY accounts, and the total number of PMJDY accounts shows a continuous increasing trend.

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