Pradhan Mantri Jan Dhan Yojana

The clarification from finance ministry comes after reports in the media said that the government had asked banks to close down inactive PM Jan Dhan Yojana accounts.

Banks struggle to make Jan-Dhan accounts cost-effective and viable, eight years on 

The Pradhan Mantri Jan-Dhan Yojana has largely met its objective of providing every adult a bank account. Yet, banks are still trying to figure out how to make the accounts cost-effective

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark

The achievement comes just ahead of the sixth anniversary of PMJDY launch. The scheme was launched on August 28, 2014 with an aim to provide universal access to banking facilities to the people in the country.

Second instalment of Rs 500 transferred to over 10 crore women PMJDY account holders: Sources

Subsequently, the Ministry of Rural Development released the first instalment of Rs 500 for the month of April.

2nd installment of Rs 500 transferred to over 10 crore women PMJDY account holders: Sources

Finance Minister Nirmala Sitharaman had in March-end announced an ex-gratia payment of Rs 500 each to women Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders, for the next three months, under the PM Garib Kalyan Package.

RBI allows banks to issue electronic cards for overdraft accounts

The electronic card for overdraft accounts in the nature of personal loans should be allowed to be used for domestic transactions only, the RBI added.

Deposits in Jan Dhan accounts surge in 1st week of April

According to official data, the total deposits into the accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) increased to Rs 1.28 lakh crore during the week ended April 8, 2020 as compared to Rs 1.20 lakh crore at the end of April 1, 2020.

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Deposits in Jan Dhan accounts set to cross Rs 90,000 crore

According to data from the finance ministry, the deposits, which have been steadily rising since March 2017, have already reached Rs 89,257.57 crore as on January 30, and are steadily rising.

'Indian insurance sector to grow significantly in coming yrs'

The insurance industry in the country is set in the growth trajectory and is expected to grow significantly in the coming years due to rising financial literacy, according to a recent report.

RBI puts withdrawal limits on accounts under PM Jan Dhan Yojana

Fully KYC-compliant account holders may be allowed to withdraw ₹10,000 from their accounts in a month. The branch managers may allow further withdrawals beyond ₹10,000 only after ascertaining the genuineness of such withdrawals.

COMMENT: The Rs 21,000-cr Jan Dhan deluge and a flood of questions

The Pradhan Mantri Jan Dhan Yojana – essentially zero deposit accounts - saw this sharp jump in deposits after Prime Minister Narendra Modi announced demonetization of higher denomination Rs 500 and Rs 1,000 notes and accompanied a Rs 5 lakh crore surge in deposits overall.

RBI warns against unauthorised use of note exchange, deposit

"It is reported that certain gullible persons are exchanging these notes on behalf of others; some are even helping them by depositing the hoarded cash into their own bank accounts," RBI said in a statement.

Cash disbursements have stopped in last one week: Equitas

Speaking to CNBC-TV18 PN Vasudevan, MD of Equitas, said that it became a bank recently and it hasn‘t seen any impact in terms of collections owing to the demonetisation drive.

For cashless economy, UPI needs an Aakash-like touch

Unified Payments Interface is key to Digital India mission and the government should look to ensure that each household has a smartphone. It may choose to tie-up with handset-makers — just like it did for Aakash tablet — to develop a cost-effective smartphone meant for digital transactions.

FinMin to probe into bankers depositing money in Jan Dhan a/cs

Observing that there was no requirement of minimum balance in the Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, the Ministry said "in view of the specific instances mentioned (in a media report), facts are being ascertained to assess if there has been any misunderstanding at the branch level of the objectives of the scheme."

PMJDY helped more women financially empowered: Report

PMJDY has played a crucial role to cover more Indian women under the financial inclusion folder with as many as 47 percent of them possessing the basic bank account under the scheme, a report study said on July 5

No scope for 'adventurism' with payments banks: RBI

Asserting there is no room for promoters to experiment with upcoming payments and small finance banks, RBI Deputy Governor S S Mundra on June 13 said there should not be any "adventurism", and institutional progress of the entities will be monitored closely in formative stages

Centre to build 2.40 lakh km long roads by 2019: Union Minister

"2.40 lakh kilometer long roads would be constructed across the country by the end of 2019 and every homeless will be provided home by that time," the Union Minister of Rural Development, Panchayati Raj, Drinking Water and Sanitation told reporters here.

'Centre saved Rs 36,000 cr by weeding out bogus beneficiaries'

The Narendra Modi-led NDA government has saved Rs 36,000 crore by weeding out fake beneficiaries of various welfare schemes after linking the Aadhaar cards to the bank accounts, Union Minister Anant Geete said on May 27

Jan Dhan accounts more vulnerable to frauds: RBI

Raising concerns that Jan Dhan accounts can be misused by 'money mules', RBI warned they are "very vulnerable" to frauds and asked banks to be on guard against such activities

New India Assurance eyeing global premium of Rs 20,800 crore

Country's largest non-life insurer New India Assurance is targeting to achieve a global premium of Rs 20,800 crore in the current fiscal, a top company official said on May 13

About Rs 36,000 cr deposits in Jan Dhan accounts: MoS PMO

"As part of the Pradhan Mantri Jan Dhan Yojana, more than 28 crore bank account have been opened and about Rs 36,000 crore deposits have been received by the banks. It shows that citizens are not only economically empowered, but their self-esteem has also gone up," said Singh, Minister of State in Prime Minister's Office.

Country suffered due to 'remote control', Assam should not: Modi

Addressing a poll meeting here, he asked the people to elect a BJP-led government with absolute majority and defeat the forces which were spreading rumours to create political instability in Assam and stop the state from embarking on the path of development.