Only 8.2% of 463 million Jan Dhan accounts are zero balance: RBI report

81.2% were operative as of August 2022, up from 76% in 2017

Pradhan Mantri Jan Dhan Yojana accounts in the country have seen an increase in the deposit base during the past eight years, and only 8.2 per cent of such accounts had zero balance in August, the Reserve Bank of India’s Trend & Progress report said.

“By August 2022, out of a total of 462.5 million PMJDY accounts, 81.2 per cent were operative, up from 76 per cent in 2017. Only 8.2 per cent of PMJDY accounts were zero balance accounts,” it said.

A PMJDY account is regarded as inoperative if there are no customer-induced transactions in it for two years.