Policy

Banks open 3 12 crore accounts under PMJDY in rural India

Banks have opened 5 29 crore new accounts so far under Pradhan Mantri Jan Dhan Yojana PMJDY of which 3 12 crore in rural and 2 17 crore accounts are opened in urban areas
Banks open 3 12 crore accounts under PMJDY in rural India

Banks have opened a whopping 5.29 crore new accounts so far under Pradhan Mantri Jan Dhan Yojana (PMJDY) of which 3.12 crore in rural and 2.17 crore accounts are opened in urban areas. The public sector as well as private sector banks have so far, issued 1.78 crore RuPay cards whereas rest of them are yet to get the cards.

“The mission director and additional mission director of the programme with EDs of public sector as well as private sector banks like Axis Bank, HDFC Bank, ICICI Bank and IndusInd Bank reviewed the progress in implementation of PMJDY,” a PIB release said.

There is pendency in issuance of RuPay cards, for which banks have been advised to increase their capacity and clear the backlog quickly. While most of the banks expect backlog to be cleared by 15th Oct, in some banks it may take four weeks.

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