Account balance of PMJDY has increased to Rs. 43.85 crore, with a deposit amount of Rs. 1,48,069 crore

Account balance of PMJDY has increased to Rs. 43.85 crore, with a deposit amount of Rs. 1,48,069 crore

According to banks, the total number of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts as of 25.03.2020 (pre-COVID-19 lockdown) was 38.33 crore with a deposit balance of Rs.1,18,434 crore, whereas the total number of Pradhan Mantri Jan Dhan accounts as of 10.11.2021 (post-COVID-19 lockdown) is 43.85 crore with a deposit balance of Rs. 1,48,069 crore. Dr Bhagwat Kisanrao Karad, Union Minister of State for Finance, mentioned this in a written response to a question in the Lok Sabha today.

In response to a question, the Minister stated that the government has no plans to implement any scheme that would provide monetary benefits to PMJDY beneficiaries in the form of interest on their money, as all saving bank accounts, including PMJDY accounts, earn interest on deposits according to the Board approved policy of banks.

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