PMJDY accounts surge to 43.85 crore with deposit balance of Rs. 1,48,069 crore

Last updated: 30 November 2021

Quick Summary
The Pradhan Mantri Jan Dhan Yojana (PMJDY) has seen a significant increase in account numbers, reaching 43.85 crore by November 10, 2021. This marks a substantial rise from the 38.33 crore accounts recorded just before the COVID-19 lockdown in March 2020. Correspondingly, the total deposit balance in these accounts has grown to Rs. 1,48,069 crore. The Union Minister of State for Finance confirmed these figures in a written reply to the Lok Sabha.

As informed by banks, as on 25.03.2020 (pre-COVID-19 lockdown), the total number of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts were 38.33 crore with a deposit balance of Rs.1,18,434 crore, whereas as on 10.11.2021 (post-COVID-19 lockdown), the total number of Pradhan Mantri Jan Dhan accounts are 43.85 crore with a deposit balance of Rs. 1,48,069 crore. This was stated by the Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in written reply to a question in Lok Sabha today.

PMJDY Accounts Hit 43.85 Crore with £1.48 Lakh Crore Deposits

In reply to a question, the Minister said the Government is not planning to come up with any scheme to provide monetary benefits in terms of interest on their money for the beneficiaries of PMJDY as all saving bank accounts including PMJDY accounts earn interest on deposits as per the Board approved policy of Banks.

FAQ :

As of November 10, 2021, there were 43.85 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts.

The total deposit balance in PMJDY accounts as of November 10, 2021, was Rs. 1,48,069 crore.

Before the COVID-19 lockdown, on March 25, 2020, there were 38.33 crore PMJDY accounts, with a deposit balance of Rs. 1,18,434 crore.

The information was provided by the Union Minister of State for Finance, Dr Bhagwat Kisanrao Karad, in a written reply in the Lok Sabha.

The government is not planning any new schemes to provide monetary benefits like interest on deposits for PMJDY beneficiaries, as all savings accounts already earn interest as per bank policies.



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