Modi's Jan Dhan scheme: How banks are depositing Re 1 to reduce zero-balance accounts
8 years, 6 months ago

Modi's Jan Dhan scheme: How banks are depositing Re 1 to reduce zero-balance accounts

Firstpost  

The Narendra Modi government’s flagship scheme, the Jan Dhan, which was launched with much fanfare in August 2014, is facing rough waters. As per the report, several zero-balance Jan Dhan accounts held by poor people became operational after banking officials deliberately deposited Re 1 into their accounts. The report suggests that such zero-balance accounts formed almost half of the Rs 17.90 crore Jan Dhan accounts, mostly held by poor people with little or no savings. An RTI information reveals that 18 public sector banks and their 16 regional rural subsidiaries held 1.05 crore Jan Dhan accounts with deposits of Re 1, the IE report said. Among the public sector banks, of the 1.36 crore Jan Dhan accounts opened by Punjab National Bank, the PSU deposited Re 1 in almost 39.75 lakh accounts.

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History of this topic

MP CM: Economist Manmohan unaware of zero-balance accounts, but 'chaiwala' knew
3 months, 1 week ago

MP CM: Economist Manmohan unaware of zero-balance accounts, but 'chaiwala' knew

Deccan Chronicle  

Madhya Pradesh Chief Minister Mohan Yadav on Friday took a swipe at former prime minister and renowned economist Dr Manmohan Singh over zero balance bank accounts.Inaugurating the Civil Service Meet-2024 of MP IAS Association, Yadav said Singh, despite his stellar career as RBI governor, Union finance minister and PM as well as possessing multiple educational degrees, was not aware that …

Gross bad assets of government banks fell from 14.58% in Mar 2018 to 3.12% in Sep 2024: Finance ministry
3 months, 2 weeks ago

Gross bad assets of government banks fell from 14.58% in Mar 2018 to 3.12% in Sep 2024: Finance ministry

Live Mint  

The government said on Thursday that policy reforms in the financial sector have restored the health of the banking sector, with the gross non-performing asset ratio of public sector banks falling to 3.12% in September 2024 from a peak of 14.58% in March 2018 and 4.97% in March 2015. The marked improvement also saw PSBs record their highest-ever aggregate net …

Over 540 million bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report
3 months, 2 weeks ago

Over 540 million bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report

Live Mint  

New Delhi: A total of 540.5 million bank accounts have been opened under the government's flagship financial inclusion scheme Pradhan Mantri Jan Dhan Yojana as of November, according to the Inclusive Finance India Report 2024. Launched on Thursday at the Global Inclusive Finance Summit 2024 in Delhi, organised by ACCESS Development Services, the report noted the accounts have a total …

10 Years Of Jan Dhan: Modi Govt Scheme For Financial Inclusion Is Great. But Where Should It Go Next?
6 months, 4 weeks ago

10 Years Of Jan Dhan: Modi Govt Scheme For Financial Inclusion Is Great. But Where Should It Go Next?

ABP News  

The PM Jan Dhan Yojana just completed 10 years. The facilities available via Jan Dhan accounts also become a benchmark for what is fair and reasonable, compelling the informal financial system to calibrate. The Direct Benefit Transfer has been a strong aspect of the Jan Dhan Yojana, but it is important to realise that no tech or process is really …

India’s RuPay Transactions Soar 7 Times in 5 Years
6 months, 4 weeks ago

India’s RuPay Transactions Soar 7 Times in 5 Years

Deccan Chronicle  

Chennai: The number of cashless transactions by Jan Dhan accounts using RuPay scheme have risen from 2,338 crore in FY 2018-19 to 16,443 crore in FY 2023-24. Jan Dhan accounts have accumulated deposits totalling around Rs 2.3 lakh crore currently, indicating a significant increase in savings among account holders. The RuPay scheme has facilitated the issuance of 36.06 crore debit …

Over 9.46 cr Jan Dhan accounts opened in U.P. in last 10 years
6 months, 4 weeks ago

Over 9.46 cr Jan Dhan accounts opened in U.P. in last 10 years

Hindustan Times  

As the Pradhan Mantri Jan Dhan Yojana, an ambitious financial inclusion initiative, completed 10 years on Wednesday, Uttar Pradesh emerged as a leading state with over 9.46 crore Jan Dhan accounts—18% of the more than 53 crore accounts opened across the country during this period. The total deposits in Jan Dhan accounts across the state have reached an impressive ₹ …

PM praises Jan Dhan Yojana on 10th anniversary; Congress says ‘rebranding of initiatives’
7 months ago

PM praises Jan Dhan Yojana on 10th anniversary; Congress says ‘rebranding of initiatives’

Hindustan Times  

Prime Minister Narendra Modi congratulated the beneficiaries of the Pradhan Mantri Jan Dhan Yojana, a scheme aimed at enhancing financial inclusion across India, as it celebrated its 10th anniversary on Wednesday, expressing gratitude to everyone who contributed to the mission’s success. The Jan Dhan Yojana has also assisted other government schemes such as the MUDRA Yojana, Pradhan Mantri Jeevan Jyoti …

Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
1 year, 7 months ago

Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM

The Hindu  

Finance Minister Nirmala Sitharaman on August 28 said Jan Dhan Yojana-led interventions and digital transformation have revolutionised financial inclusion in the country, as more than 50 crore people have been brought into the formal banking system with cumulative deposits surpassing ₹2 lakh crore. On the ninth anniversary of the Pradhan Mantri Jan Dhan Yojana, which is one of the biggest …

PMJDY accounts cross 50 crore, deposits exceed ₹2 lakh crore
1 year, 7 months ago

PMJDY accounts cross 50 crore, deposits exceed ₹2 lakh crore

The Hindu  

The number of bank accounts under the PM Jan Dhan Yojana, which completes nine years on Monday, has crossed 50 crore this month with total deposits exceeding ₹2 lakh crore, Financial Services Secretary Vivek Joshi said on Saturday. As of August 16, 50.09 crore PMJDY accounts had been opened with total deposits at ₹2,03,505 crore, up from 48.65 crore accounts …

‘Significant milestone’, says PM Modi as Jan-Dhan accounts cross 500 million
1 year, 7 months ago

‘Significant milestone’, says PM Modi as Jan-Dhan accounts cross 500 million

Hindustan Times  

Prime Minister Narendra Modi on Saturday said it is a “significant milestone” that the flagship scheme for financial inclusion – Pradhan Mantri Jan-Dhan Yojana – has crossed 500 million, with 56% of bank accounts belonging to women and 67% of those opened in rural and semi-urban areas. Prime Minister Narendra Modi Read here: PM Modi focused on unorganised sector to …

PM Modi Applauds 50-Crore Mark for Jan Dhan Accounts Over Half Owned by Women
1 year, 7 months ago

PM Modi Applauds 50-Crore Mark for Jan Dhan Accounts Over Half Owned by Women

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Saturday lauded the feat of the number of Jan Dhan accounts crossing the 50-crore mark as a significant milestone.It is heartening to see that more than half of these accounts belong to women, Modi posted on X. The Union Finance Ministry said on Friday that the total number of Jan Dhan accounts in …

PM Jan-Dhan Yojana adds 500 mn accounts; deposits cross ₹2.03 trillion
1 year, 7 months ago

PM Jan-Dhan Yojana adds 500 mn accounts; deposits cross ₹2.03 trillion

Live Mint  

New Delhi: Pradhan Mantri Jan-Dhan Yojana, the scheme which is responsible for providing basic banking facilities to the underprivileged and further catalysing the government’s mission for financial inclusion, now has in excess of 500 million accounts with deposits crossing ₹2.03 lakh crore. “As per the latest reports submitted by banks the total number of Jan Dhan accounts have crossed 50 …

Modi govt provided peace, stability, corruption-free rule, says Bandi Sanjay
1 year, 9 months ago

Modi govt provided peace, stability, corruption-free rule, says Bandi Sanjay

Deccan Chronicle  

KARIMNAGAR: Prime Minister Narendra Modi offered the nation peace, stability and a corruption-free government, state BJP chief Bandi Sanjay claimed here on Tuesday. These apart, free rations were distributed to around 80 crore people every week during the Covid period under PM Garib Kalyan Ann Yojana Scheme,” he said. Through the Modi government’s Jan Dan Yojana scheme, zero- balance bank …

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits
2 years, 7 months ago

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits

News 18  

Financial inclusion scheme Pradhan Mantri Jan Dhan Yojna was launched by Prime Minister Narendra Modi on August 28, 2014. The success of the PMJDY since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent rural or semi-urban areas …

Zero-Balance Account with ATM Card, Rs 2 Lakh Insurance. Know Which Banks are Offering
3 years, 2 months ago

Zero-Balance Account with ATM Card, Rs 2 Lakh Insurance. Know Which Banks are Offering

News 18  

Pradhan Mantri Jan Dhan Yojana: To facilitate financial inclusion, the government of India has launched the Pradhan Mantri Jan Dhan Yojana in 2014. Here are the benefits that an individual gets when he or she opens a Jan Dhan account under the Pradhan Mantri Jan Dhan Yojana: – The account holder can get to avail an overdraft facility after six …

PM Jan Dhan Yojana: Redefining Financial Inclusion, the Narendra Modi Way
3 years, 2 months ago

PM Jan Dhan Yojana: Redefining Financial Inclusion, the Narendra Modi Way

News 18  

Pradhan Mantri Jan Dhan Yojana was launched on August 28, 2014, with the objective to ensure accessibility to various financial services like availability of basic savings bank account, need-based credit, remittance facility, insurance, micro-credit and pension to the excluded sections, which includes the weaker sections and low-income groups. The Jan Dhan Revolution Coming back to Jan Dhan, more than 44.34 …

Jan Dhan Accounts Swell to 43 Cr with Total Deposits Over Rs 1.46 Lakh Cr
3 years, 7 months ago

Jan Dhan Accounts Swell to 43 Cr with Total Deposits Over Rs 1.46 Lakh Cr

News 18  

New Delhi: Bank accounts under Pradhan Mantri Jan Dhan Yojna have increased to 43 crore with total deposits over Rs 1.46 lakh crore, the finance ministry on Saturday said as the government's flagship financial inclusion scheme completes seven years of implementation. Out of total 43.04 crore PMJDY accounts, 36.86 crore or 85.6 per cent are operative, and the average deposit …

Jan Dhan Initiative Forever Transformed India's Development Trajectory: PM Modi
3 years, 7 months ago

Jan Dhan Initiative Forever Transformed India's Development Trajectory: PM Modi

News 18  

Prime Minister Narendra Modi Saturday lauded his government's 'Pradhan Mantri Jan Dhan Yojana' as it completed seven years, saying the scheme, which facilitates the unbanked population to open a bank account, has forever transformed India's development trajectory. It has ensured financial inclusion and a life of dignity as well as empowerment for countless Indians, Modi said, adding that the initiative …

7 years of Jan Dhan Yojana and how it is changing lives of the poor: 43.04 crore beneficiaries with Rs. 146,230.71 cr in deposits
3 years, 7 months ago

7 years of Jan Dhan Yojana and how it is changing lives of the poor: 43.04 crore beneficiaries with Rs. 146,230.71 cr in deposits

Op India  

There was a time when having a bank account was considered a luxury by the poor and marginalized. Jan Dhan Yojana’s role in women empowerment According to a recent report published by Women’s World Banking and Bank of Baroda titled “The Power of Jan Dhan: Making Finance Work for Women in India”, 55% of PMJDY accounts are owned by women …

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark
4 years, 7 months ago

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark

The Hindu  

More than 40 crore bank accounts have been opened under the government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana, launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of ₹1.30 lakh crore. “Another milestone achieved under …

Bank Accounts Opened under Jan Dhan Yojana Cross 40 Crore-mark 6 Years after Scheme was Launched
4 years, 7 months ago

Bank Accounts Opened under Jan Dhan Yojana Cross 40 Crore-mark 6 Years after Scheme was Launched

News 18  

More than 40 crore bank accounts have been opened under the government's flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana, launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of Rs 1.30 lakh crore. "Another milestone achieved …

BCCI's attempts to transfer prize money to junior cricketers get delayed due to Rs 50,000 cap on 'Jan Dhan' accounts
4 years, 10 months ago

BCCI's attempts to transfer prize money to junior cricketers get delayed due to Rs 50,000 cap on 'Jan Dhan' accounts

Firstpost  

Payments to a handful of junior cricketers, about six of them, were delayed after transactions did not go ahead because of the upper limit of Rs 50,000 on cash deposits in ‘Jan Dhan’ accounts New Delhi: The Rs 50,000 cap on cash deposits in ‘Jan Dhan’ accounts delayed the BCCI’s attempts to pay prize money to a few junior cricketers …

Second installment of ₹500 to be credited to Jan Dhan accounts from May 4: Finance Ministry
4 years, 10 months ago

Second installment of ₹500 to be credited to Jan Dhan accounts from May 4: Finance Ministry

The Hindu  

Women Jan Dhan bank account holders will start getting the second installment of ₹500 from Monday in line with the announcement made by Finance Minister Nirmala Sitharaman in March. To help the poor tide over the COVID-19 crisis, the government had on March 26 said ex-gratia payment of ₹500 would be credited to women Jan Dhan account holders for the …

Deposits in Jan Dhan accounts surge in 1st week of April
4 years, 11 months ago

Deposits in Jan Dhan accounts surge in 1st week of April

The Hindu  

The deposits in Jan Dhan accounts saw a sudden surge in the first week of April, mainly due to the Central government transferring money into such accounts to help beneficiaries deal with the difficulties during the lockdown. According to official data, the total deposits into the accounts opened under the Pradhan Mantri Jan Dhan Yojana increased to ₹1.28 lakh crore …

Government to deposit ₹1,000 in women PMJDY accounts in two instalments
4 years, 11 months ago

Government to deposit ₹1,000 in women PMJDY accounts in two instalments

The Hindu  

Urging people not to believe in the rumours, the Finance Ministry on April 9 said ₹500 has been deposited in each Pradhan Mantri Jan Dhan Yojana account held by women for April and ₹1,000 more will be given over the next two months in equal instalments. The Department of Financial Services in a tweet said the government has deposited ₹500 …

Deposits in Jan Dhan accounts cross ₹1-trillion mark
5 years, 8 months ago

Deposits in Jan Dhan accounts cross ₹1-trillion mark

Live Mint  

New Delhi: Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the ₹1 lakh crore mark. As per the latest finance ministry data, the total balance in over 36.06 crore Pradhan Mantri Jan Dhan Yojana accounts was at ₹1,00,495.94 crore as on 3 July. Accounts opened under PMJDY are Basic …

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data
5 years, 8 months ago

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data

Firstpost  

New Delhi: Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark. As per the latest finance ministry data, the total balance in over 36.06 crore Pradhan Mantri Jan Dhan Yojana accounts was at Rs 1,00,495.94 crore as on 3 July. The finance ministry had …

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products
5 years, 10 months ago

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products

Firstpost  

Allegations of large-scale misuse of Jan Dhan accounts by black money hoarders seeking to convert their illegitimate wealth in cash during demonetisation are yet to be proved. The aggregate deposits in the Pradhan Mantri Jan Dhan Yojana accounts are currently close to Rs 1 lakh crore, having grown ten-fold from the Rs 10,500 crore in the first phase of the …

Deposits in Jan Dhan accounts inch towards Rs 1 lakh crore mark; total stand at Rs 96,107 crore
5 years, 11 months ago

Deposits in Jan Dhan accounts inch towards Rs 1 lakh crore mark; total stand at Rs 96,107 crore

Firstpost  

The total balance in the Jan Dhan accounts, which has been steadily rising, was at Rs 97,665.66 crore as on 3 April, as per the latest government data New Delhi: The total deposits in bank accounts opened under the Jan Dhan scheme, which was launched about five years ago by the Modi-government, are set to cross Rs 1 lakh crore …

Deposits in Jan Dhan accounts set to cross ₹90,000 crore
6 years, 1 month ago

Deposits in Jan Dhan accounts set to cross ₹90,000 crore

Live Mint  

Total deposits in Jan Dhan accounts are set to cross ₹90,000 crore with the government making the flagship financial inclusion programme more attractive especially by doubling accident insurance cover to ₹2 lakh. According to data from the finance ministry, the deposits, which have been steadily rising since March 2017, have already reached ₹89,257.57 crore as on January 30, and are …

SBI reaps profit as 32 per cent of total 300 million people open accounts with them under Jan Dhan Yojana
6 years, 4 months ago

SBI reaps profit as 32 per cent of total 300 million people open accounts with them under Jan Dhan Yojana

Op India  

Pradhan Mantri Jan-Dhan Yojana enrolled around 300 million people from the lower-income groups in the banking system in 1 year. Of the almost 32 crore bank accounts opened by all banks under the Pradhan Mantri Jan-Dhan Yojana scheme, as high as 10.5 crores or a third of them were opened by State bank of India. Pradhanmantri Jan Dhan Yojana enrolled …

Jan Dhan accounts weren’t intrinsically misuse-prone; P Chidambaram’s rant ignores past indulgences
6 years, 4 months ago

Jan Dhan accounts weren’t intrinsically misuse-prone; P Chidambaram’s rant ignores past indulgences

Firstpost  

If four out of five Jan Dhan accounts are inactive and the bulk of them are for money laundering then how can the no-frills accounts opened under Chidambaram’s UPA government smell of roses? Senior Congress leader and former finance minister P Chidambaram has railed against the Narendra Modi government’s Jan Dhan initiative on several counts calling it a jumla and …

P Chidambaram calls Narendra Modi's Jan Dhan Yojana 'jumla', alleges scheme used to launder money after demonetisation
6 years, 4 months ago

P Chidambaram calls Narendra Modi's Jan Dhan Yojana 'jumla', alleges scheme used to launder money after demonetisation

Firstpost  

P Chidambaram said the increase in the number of Jan Dhan accounts has not translated into greater flow of credit to the rural population. New Delhi: Congress leader P Chidambaram said on Thursday that Pradhan Mantri Jan Dhan Yojana was a jumla and “an exercise in self-deception” by the Narendra Modi government, alleging that the accounts were used to launder …

Modified JanDhan scheme attracts 20 lakh new subscribers, total account holders reach 32.61 crore
6 years, 6 months ago

Modified JanDhan scheme attracts 20 lakh new subscribers, total account holders reach 32.61 crore

India TV News  

The modified version of the Pradhan Mantri Jan Dhan Yojna has attracted 20 lakh new subcribers, who are eyeing the new open-ended feature with higher insurance cover and double the overdraft facility. Under the revamped scheme, accidental insurance cover for new RuPay card holders has been raised from Rs 1 lakh to Rs 2 lakh for new PMJDY accounts opened …

Govt makes flagship financial inclusion scheme 'Jan Dhan' open-ended with more incentives, says Arun Jaitley
6 years, 6 months ago

Govt makes flagship financial inclusion scheme 'Jan Dhan' open-ended with more incentives, says Arun Jaitley

Firstpost  

New Delhi: The government on Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana an open-ended scheme and added more incentives to encourage people to open bank accounts. The free accident insurance cover for those opening Jan Dhan accounts after 28 August too has been doubled to Rs 2 lakh. “It has been decided to continue the flagship financial …

Govt now targets bank accounts for all individuals
6 years, 6 months ago

Govt now targets bank accounts for all individuals

Live Mint  

New Delhi: The government on Wednesday expanded its social safety net programme to cover more beneficiaries, ahead of the crucial state polls due later this year and general elections in 2019. The cabinet cleared a proposal to expand the scope and benefits associated with the government’s ambitious Pradhan Mantri Jan-Dhan Yojana, aimed at providing a bank account to every Indian …

Despite Jan Dhan push, financial inclusion is elusive
6 years, 8 months ago

Despite Jan Dhan push, financial inclusion is elusive

Live Mint  

New Delhi: A shortage of bank branches and ATMs across India’s hinterland is holding back Prime Minister Narendra Modi’s financial inclusion efforts and risks angering rural voters ahead of elections next year. After taking office in 2014, Modi set an ambitious target to open a bank account for every household to ensure welfare funds flow directly to India’s poor, while …

India needs Jan Dhan, and not just Jan Dhan accounts
6 years, 10 months ago

India needs Jan Dhan, and not just Jan Dhan accounts

Live Mint  

In the run-up to the 2019 general election, the Bharatiya Janata Party has started its media blitz, outlining the achievements of the last four years. Under tremendous pressure from the top to reach targets of new bank accounts, bank employees and bureaucrats opened fake accounts, or converted existing accounts into Jan Dhan accounts. The World Bank Group’s Global Findex Database …

The Jan-Dhan Yojana, four years later
6 years, 10 months ago

The Jan-Dhan Yojana, four years later

The Hindu  

The Pradhan Mantri Jan-Dhan Yojana, one of the flagship schemes of the present government, was launched in August 2014. In fact, the major limitation of the JDY has been that while it has managed to get many people to open bank accounts, there is no commensurate increase in the use of these accounts, availability of formal credit, or savings in …

Govt says 20% or over 6 cr accounts opened under Pradhan Mantri Jan Dhan Yojana lying dormant – Firstpost
7 years ago

Govt says 20% or over 6 cr accounts opened under Pradhan Mantri Jan Dhan Yojana lying dormant – Firstpost

Firstpost  

An estimated 31.20 crore Jan Dhan accounts with an aggregate deposit balance of over Rs 75,000 crore were opened till February, out of which 25.18 crore were operative, Minister of State for Finance Shiv Pratap Shukla told the Rajya Sabha New Delhi: Almost 20 percent of the total 31 crore Jan Dhan accounts are lying dormant, the government said on …

Jan Dhan Yojana: showing small, but steady impact on our lives
7 years, 5 months ago

Jan Dhan Yojana: showing small, but steady impact on our lives

Op India  

Launched by Prime Minister Narendra Modi in August 2014, just months after assuming office, Jan Dhan Yojana is India’s mission for financial inclusion and last mile connectivity, is finally showing small, but impactful results. In a 2017 working paper, Georgetown University professor Sumit Agarwal and his co-authors studied account activity in 1.5 million PMJDY accounts from August 2014 to May …

Are Jan Dhan bank accounts actively used?
7 years, 11 months ago

Are Jan Dhan bank accounts actively used?

Live Mint  

Many analysts attribute the recent electoral success of the Bharatiya Janata Party to the effective implementation of social sector schemes launched by the government of India. However, from these indicators, one cannot tell whether the usage is one-off or account holders use the accounts actively and whether a small number of active accounts drive the aggregate numbers. In a recent …

SBI's decision to charge on monthly minimum balance may lead to consolidation of family accounts
8 years ago

SBI's decision to charge on monthly minimum balance may lead to consolidation of family accounts

Firstpost  

At a time when the accent is on digitisation of payments that is impossible without banking support, the regressive moves of these banking biggies would have the effect of repelling people from the banking habit and retreat to the old habit of piling up cash and paying in cash The state owned State Bank of India rubs shoulders with its …

Rs 5,000 crore withdrawn from Jan Dhan accounts post note ban
8 years, 1 month ago

Rs 5,000 crore withdrawn from Jan Dhan accounts post note ban

India TV News  

Rs 5,000 crore withdrawn from Jan Dhan accounts post note ban Since December 7, Jan Dhan accounts have witnessed a net withdrawal of Rs 5,582.83 crore. Total deposits had increased to a record high of Rs 74,610 crore on December 7 and thereafter, it saw a Since December 7, Jan Dhan accounts have witnessed a net withdrawal of Rs 5,582.83 …

Rs5,583 crore withdrawn from Jan Dhan accounts in a month post note ban
8 years, 2 months ago

Rs5,583 crore withdrawn from Jan Dhan accounts in a month post note ban

Live Mint  

New Delhi: Jan Dhan accounts have witnessed net withdrawal of Rs5,582.83 crore since 7 December, the day deposits in these accounts soared to all time high in the backdrop of demonetisation. Total deposits in Jan Dhan accounts had increased to a record high of Rs74,610 crore on 7 December and thereafter, it started gradual decline to close at Rs69,027.17 crore …

Odisha: Probe into suspicious transaction in Jan Dhan accounts
8 years, 3 months ago

Odisha: Probe into suspicious transaction in Jan Dhan accounts

Deccan Chronicle  

Cuttack: The police are investigating repeated deposits and withdrawal of large amounts of money in Jan Dhan bank accounts of around 13 members of a Self-Help Group here, the police said on Thursday. The account holders of Gopinathpur branch of a bank claim that they have not operated their accounts even once after the accounts were opened last year. The …

Demonetisation: Woman finds Rs 100 crore in Jan Dhan account, seeks PMO intervention
8 years, 3 months ago

Demonetisation: Woman finds Rs 100 crore in Jan Dhan account, seeks PMO intervention

Firstpost  

Shocked to find nearly Rs 100 crore in her Jan Dhan account in a Meerut branch of a state-run bank, a woman on Monday sought the PMO’s intervention after the bank officials did not attend to her complaint and kept asking her to come some other time. Ghaziabad: Shocked to find nearly Rs 100 crore in her Jan Dhan account …

₹100 crore deposits found in 500 Jan Dhan accounts in Indore region
8 years, 3 months ago

₹100 crore deposits found in 500 Jan Dhan accounts in Indore region

Hindustan Times  

The Income Tax department has traced several multi-crore transactions people made in Indore region, after the Centre announced demonetisation of Rs 500 and Rs 1,000 bank notes on November 8. Vinod Kumar Mathur, chief I-T commissioner, Indore region, said on Friday that the department’s investigation wing has collected details of 500 Jan Dhan accounts, which have received deposits of more …

Even Rs 2 lakh deposit can land you in trouble. Know how
8 years, 3 months ago

Even Rs 2 lakh deposit can land you in trouble. Know how

India TV News  

In a move that should worry those allowing misuse of their bank accounts for depositing black money during the 50-day window till December 30, the central bank has ordered banks to provide data on such accounts as the government gears up for the next phase of its anti-black money campaign. But after the surge in Jan Dhan accounts, RBI has …

Inflows in Jan Dhan accounts decreased after public warning: Government
8 years, 3 months ago

Inflows in Jan Dhan accounts decreased after public warning: Government

India TV News  

Following the Income Tax Department's warning on not allowing misuse of Jan Dhan accounts for laundering black money post-demonetisation, inflows into such accounts have come down significantly, the government has said. "The average per account deposit in Jan Dhan accounts is Rs 13,113 for this entire period from November 8 to December 2, which is not alarming, given the need …

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