Page 2 - Jan Dhan Accounts

430 million Jan Dhan accounts have Rs 1.46 trillion, shows data

Seven years after the initiative was launched, the average deposit per account is Rs 3,398, which has increased 2.7 times over August 2015

Parliament briefs: PSBs extend 133,000 loans for Covid-19 treatment

58.2 million inoperative Jan Dhan accounts, frauds at urban coop banks decline

Six yrs of Jan Dhan: Widening and deepening of financial inclusion in India

Deposits in bank accounts meant for the vulnerable now account for a higher share in overall demand deposits in Indian banks

India coronavirus dispatch: 40% Jan Dhan holders can't access govt's relief

How Covid-19 impacts mental health, India's hotels are reimagining hospitality industry, asymptomatic patients can develop lung damage - a roundup of new on how India is dealing with the pandemic

Jan Dhan transactions spur 4-fold surge in demand for banking correspondent

However, despite the surge, the average income of banking correspondents has taken a beating due to the low value of transactions

More welfare failures

Even Jan Dhan accounts have not worked as hoped

Covid-19 crisis: Only 46% women with Jan Dhan accounts withdrew money

The slow pace of withdrawals confirms what Reserve Bank of India Governor Shaktikanta Das stated in his monetary policy statement on Friday: 'Private consumption has suffered a precipitous decline'

Women Jan Dhan account holders to receive 2nd installment from Mon: FinMin

The transfer has been staggered over a period of five days to avoid rush at the bank branches

Centre credits first tranch of Rs 500 to over 40 mn Jan Dhan women accounts

The amount is being released by the ministry and will be credited to more than 20.39 crore Jan Dhan accounts of women by the end of April first week

Populist, popular, welfare in context of subsidy

Subsidy has to be there, where there is the poor class or lower middle class, which have to be helped to make basic necessities affordable to them and also to bridge the inequality of income

Letters to BS: Power subsidy is not populism, they are to bridge inequality

Nobel laureate Abhijit Banerjee has argued in favour of putting money in the hands of those having Jan Dhan accounts.

Jan Dhan accounts used to launder money during demonetisation: Chidambaram

Chidambaram alleged that under the Modi regime, the BSBDA scheme was renamed as Jan Dhan Yojana

Modified Jan Dhan: No of accounts swell to 326.1 mn; Rs 12.66 bn increased

During the August 15-September 5 period, the total deposits in 32.61 PMJDY accounts witnessed an increase of Rs 12.66 billion

60% of money deposited in Jan-Dhan accounts after note ban under lens

According to the official data, depositors started withdrawing money from their Jan-Dhan accounts from the first week of December 2016

Letter to BS: Sacrifice convenience for business transactions

Simultaneously, the supply of small denomination notes by the Reserve Bank of India should increase to make small business transactions easier

Jan Dhan accounts slip on credit score

After demonetisation was announced last Nov, Jan Dhan deposits increased to more than Rs 74,000 cr

Note ban frenzy over? Jan Dhan accounts see brisk withdrawals

Jan Dhan deposits, which had peaked after demonetization, to around Rs 74000 crore at the end of November 2016, are gradually shrinking. In about three and half months between 1st January and 15th March, 2017, close to Rs 10500 crore was withdrawn from Jan Dhan accounts. According to data from Jan Dhan website, as on 15th March 2017, total deposits from Jan Dhan accounts stood at around Rs 63836 crore, against Rs 74321 crore at the end of November 2016."Jan Dhan accounts have almost reached a level of saturation. Also, as withdrawals limits in banks getting eased, deposits too got withdrawn. Now, the focus has shifted to Aadhar card linkage, Ruyap Card and Atal Pension Yojna," said a senior banker at a public sector bank.Notably, Jan Dhan accounts was a mission mode plan. Launched on 28th August 2014 , the target was to open one account per household was achieved by 26th January 2015. Jan Dhan Accounts had seen a nearly 45 per cent surge in deposits in about twenty three days between .

Jan Dhan deposit withdrawal touches Rs 5,582 cr in a month post note ban

There are about 26.68 crore Jan Dhan accounts

Jan Dhan account deposits double to Rs 87K cr, I-T dissects data

November 8 announced junking of old Rs 500 and Rs 1,000 notes

Jan Dhan account holders withdrew Rs 3,285 cr in last fortnight

The upper limit for deposits in Jan Dhan account is Rs 50,000