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DFS Denies Closing Inactive Jan Dhan Accounts

9 July 20251 min read
GOVERNMENT SCHEMESDFS DeniesClosing InactiveJan Dhan Accounts9 July 2025safalsetu.com

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.

Test yourself

1. When was the Pradhan Mantri Jan Dhan Yojana launched?

PMJDY was launched on August 28, 2014.

2. What type of debit card comes with a PMJDY account?

PMJDY accounts come with a RuPay debit card.

3. What minimum balance is needed to open a PMJDY account?

The account can be opened with zero balance.

This topic is part of Daily Current Affairs 9 July 2025 (15 topics).

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