Lok Sabha Question No. 2924 (UNSTARRED), answered on 2018-08-03
Subject: Deposits in Jan Dhan Accounts
Ministry: FINANCE
Asked by: Sunil Kumar Jakhar, SONA RAM CHOUDHARY, VIRENDER KASHYAP

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UN-STARRED QUESTION No. 2924

TO BE ANSWERED ON 03 AUGUST , 2018 (FRIDAY) / SHRAVANA 12 1940 (SAKA)

## Deposits in Jan Dhan Accounts

2924 SHRI SUNIL JAKHAR: COL. SONARAM CHOUDHARY:

SHRI VIRENDER KASHYAP:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders are enrolled in Banks with zero deposits and if so the details of such accounts having zero deposits with breakup of accounts with Rs. 100, Rs. 500 and Rs. 1000 above; along
- (b) whether some of the accounts under the said Yojana have deposits of more than Rupees one lakh and if so, the details of such accounts;
- (c) whether the PMJDY accounts opened through banking correspondence has a credit limit of Rs. 50,000 in a and if so, the details thereof; upto year
- (d) whether the Government is considering to issue necessary direction to the banks to increase the credit limit of PMJDY accounts in case credit is received from the Government under some social welfare schemes, if So, the details thereof and if not, the reasons therefor; and being
- (e) whether the Government proposes to deposit Rs\_ Fifteen lakh in each of Jan Dhan accounts and if SO, the details thereof?

## Answer

## The Minister of State in the Ministry of Finance

## (SHRI SHIV PRATAP SHUKLA)

- (a) & (b): As per   extant   guidelines issued by Reserve Bank of India, there is no requirement of maintaining minimum balance in Basic   Savings Bank Deposit (BSBD) accounts including Jan Dhan accounts Depending upon transactions carried out by a Jan Dhan account holder, the balance in any Jan Dhan accounts can vary on day-to-day basis, and may even become zero on a particular Hence , the number of Jan Dhan accounts having zero balance or balance with Rs.100 Rs 500 and Rs.1000 above is not monitored However; as reported by banks, the total deposit in the PMJDY accounts as on 25.07.2018 is Rs. 80093.77 crore day:
- (c) & (d): There is no restriction on deposit in BSBD accounts including PMJDY accounts which are  opened with full Know Customer (KYC) However, in case of BSBD accounts including Jan Dhan accounts opened under simplified KYC norms, the accounts are treated as a small accounts' and there are limitations regarding the aggregate credits (not more than Rupees one lakh in a year) , aggregate withdrawals (not more than Rupees ten thousand in a month) and balance in the accounts (not more than Rupees fifty thousand at any of time) Your point

However, vide notification dated 21.8.2017 issued by the Department of Revenue, Ministry of Finance Government of India the limit on balance of Rs.50,000/-in small account is not to be considered while making deposits through government grants, welfare benefits and payment against procurements

- (e) Benefits to the target groups under various schemes flow as per quantum of the respective schemes to their respective bank accounts, including to the PMJDY accounts. Approximately for 448 schemes, benefits under initiatives of the Government are flowing through Direct Benefit Transfer (DBT) to the accounts of the beneficiaries, including the PMJDY account holders.

In addition , benefits like no requirement to maintain minimum balance, RuPay Debit card with accidental insurance coverage of Rs. 1 Iakh, overdraft facility Rs. 5,000 Jan Dhan Yojana accounts opened so far. along upto

The benefits flowing to PMJDY accounts vary according to the eligibility of the account holder and respective guidelines of the scheme, without being a sum transfer. lump