No directive issued to close inactive Jan Dhan accounts: Finance Ministry
'In connection with reports appearing in media that Department of Financial Services (DFS), M/o Finance has asked banks to close inactive PM Jan Dhan Yojana accounts, the Department of Financial Services has said that it has NOT asked banks to close inactive PM Jan Dhan Yojana accounts,' the Ministry said in a statement.
The statement added that the Department of Financial Services had started a three-month campaign from July 1 to deepen the adoption of PM Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes.
'Banks will also carry out re- KYC of all due accounts during this campaign,' the statement said. 'DFS constantly monitors the number of inoperative PMJDY accounts and has advised banks to contact respective account holders to make their accounts operative.'
It added that no incidents of mass closure of inactive PMJDY accounts have come to the knowledge of the department.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
3 hours ago
- India Gazette
No directions to banks to close inactive PM Jan Dhan accounts: Finance Ministry
ANI 09 Jul 2025, 01:04 GMT+10 New Delhi [India], July 8 (ANI): The Finance Ministry on Tuesday stated that the Department of Financial Services has not asked banks to close inactive PM Jan Dhan Yojana accounts. The Finance Ministry stated in a release that DFS has launched a nationwide three-month campaign, starting from July 1, to deepen the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. Banks will also carry out re- KYC of all due accounts during this campaign. 'In connection with reports appearing in media that Department of Financial Services has asked Banks to close inactive PM Jan Dhan Yojana accounts, DFS has said that it has NOT asked Banks to close inactive PM Jan Dhan Yojana accounts,' the release said. 'DFS constantly monitors the number of inoperative PMJDY accounts and has advised Banks to contact respective account holders to make their accounts operative,' it added. It said the total number of PMJDY accounts has seen a continuously increasing trend, and no incidents of mass closure of inactive PMJDY accounts have come to the knowledge of the department. (ANI)
NDTV
7 hours ago
- NDTV
No Orders Given To Shut Down Inactive PM Jan Dhan Yojana Accounts: Finance Ministry
New Delhi: The Finance Ministry on Tuesday stated that the Department of Financial Services (DFS) has not asked banks to close inactive PM Jan Dhan Yojana accounts. The Finance Ministry stated in a release that DFS has launched a nationwide three-month campaign, starting from July 1, to deepen the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. Banks will also carry out re- KYC of all due accounts during this campaign. "In connection with reports appearing in media that Department of Financial Services has asked Banks to close inactive PM Jan Dhan Yojana accounts, DFS has said that it has NOT asked Banks to close inactive PM Jan Dhan Yojana accounts," the release said. "DFS constantly monitors the number of inoperative PMJDY accounts and has advised Banks to contact respective account holders to make their accounts operative," it added. It said the total number of PMJDY accounts has seen a continuously increasing trend, and no incidents of mass closure of inactive PMJDY accounts have come to the knowledge of the department.
The Hindu
12 hours ago
- The Hindu
No directive issued to close inactive Jan Dhan accounts: Finance Ministry
The Ministry of Finance on Tuesday denied reports that it has directed that inactive PM Jan Dhan Yojana be closed. 'In connection with reports appearing in media that Department of Financial Services (DFS), M/o Finance has asked banks to close inactive PM Jan Dhan Yojana accounts, the Department of Financial Services has said that it has NOT asked banks to close inactive PM Jan Dhan Yojana accounts,' the Ministry said in a statement. The statement added that the Department of Financial Services had started a three-month campaign from July 1 to deepen the adoption of PM Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. 'Banks will also carry out re- KYC of all due accounts during this campaign,' the statement said. 'DFS constantly monitors the number of inoperative PMJDY accounts and has advised banks to contact respective account holders to make their accounts operative.' It added that no incidents of mass closure of inactive PMJDY accounts have come to the knowledge of the department.
