DFS Denies Closing Inactive Jan Dhan Accounts
Why in the news
The finance department rejected media claims of closures and said banks should help holders revive dormant accounts.
Key facts
- Campaign also promotes PMJJBY, APY and other schemes.
- DFS tracks inactive accounts and nudges banks to contact holders.
- PMJDY: launched August 28, 2014 under the Finance Ministry.
PMJDY basics
- Offers savings account, remittance, credit, insurance, pension.
- Open to Indian citizens aged 18 to 59; minors above 10 with supervision.
- Zero balance; via branch or Bank Mitr; RuPay debit card.
Exam angle
- Launch date: August 28, 2014.
- Chequebook only if a minimum balance is maintained.