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Jan Dhan deposits stabilise, get Rs 1,487 cr in 7 days

Jan Dhan deposits stabilise, get Rs 1,487 cr in 7 days

The big surge in deposits into Jan Dhan accounts after the demonetisation seems to be stabilising now as just Rs 1,487 crore has been parked in them over 7 days to November 30, as against Rs 8,283 crore in the previous week.

Deposits in the 25.85 crore such accounts totalled Rs 74,321.55 crore at the end of November 30, as per the Finance Ministry data.

The overall amount was Rs 72,834.72 crore in 25.68 crore accounts at the end of November 23. After Prime Minister Narendra Modi surprised entire nation with demonetisation of Rs 500 and Rs 1,000 notes on November 8, deposits in Jan Dhan accounts have increased by 28,685 crore.

As of November 9, the balance in about 25.5 crore such accounts was Rs 45,636.61 crore.Interestingly, the percentage of zero balance account still remains flat at about 22.85 per cent despite surge in deposits.

The Pradhan Mantri Jan Dhan Yojna was launched in August 2014 to increase banking penetration and promote financial inclusion in the country.Such accounts have a deposit limit of Rs 50,000. In order to check the misuse of Jan Dhan accounts by black money hoarders

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