Almost 86% of 417 million PMJDY accounts operative: MoS Finance

While public sector banks have opened 404.8 million accounts under PMJDY, only 12.7 million accounts were opened by 14 private sector banks

As many as 86 per cent of the accounts opened under the central government’s Pradhan Mantri Jan Dhan Yojana (PMJDY) are functional. In absolute terms, as of January 27, 2021, as many as 417.5 million accounts have been opened under PMJDY, of which 359.6 million accounts are functioning, according to a written statement given by Anurag Singh Thakur, Minister of State (MoS) in Ministry of Finance, to the Loksabha.

Data shows, while the public sector banks have opened 404.8 million bank accounts under the PMJDY scheme, only 12.7 million bank accounts were opened by 14 private sector banks. The deposit balance