Propelling financial inclusion among the non-banked population in India, as reported by public sector banks (PSBs), including sponsored regional rural banks (RRBs) and 14 major private sector banks, as on January 27, 2021, a total number of 41.75 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) out of which 35.96 crore accounts are operative, Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs said in a written reply to a question in Lok Sabha Monday.
Under the Pradhan Mantri Jan Dhan Yojana (PMJDY), a bank account can be opened with any bank branch or business correspondent (BC) including those of private sector banks.
The total number of PMJDY accounts opened by PSBs — including sponsored RRBs — and 14 major private sector banks are 40.48 crore and 1.27 crore respectively, the minister further said.
Giving more details, the Minister said, accounts opened under PMJDY are Basic Savings Bank Deposit (BSBD) accounts. As per RBI guidelines dated 10.06.2019, banks are required to offer the following minimum banking facilities, free of charge, to the BSBD account holders, without any requirement of minimum balance:
- Deposit of cash at bank branch as well as ATMs/CDMs
- Receipt/ credit of money through any electronic channel or by means of deposit /collection of cheques drawn by Central and state government agencies and departments
- No limit on number and value of deposits that can be made in a month
- Minimum of four withdrawals in a month, including ATM withdrawals
- ATM Card or ATM-cum-Debit Card
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