Lok Sabha Question No. 1776 (UNSTARRED), answered on 2018-07-27
Subject: Conversion of PMJDY Accounts into Regular Accounts
Ministry: FINANCE
Asked by: KALYAN BANERJEE, C. N. JAYADEVAN

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## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UN-STARRED QUESTION No.  1776

TO BE ANSWERED ON 27 JULY 2018 (FRIDAY)/ SHRAVANA 05, 1940 (Saka)

## Conversion of PMJDY Accounts into Regular Accounts

## 1776.  SHRI KALYAN BANERJEE: SHRI C.N. JAYADEVAN:

Will the Minister of FINANCE be pleased to state:

- (a)  whether the Government has decided to freeze the accounts and converting it into regular accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) and if so, the details thereof and the reasons therefor;
- (b) whether the PMJDY account holders are being penalised/charged for exceeding four transaction per month and if so, the details and reasons therefor;
- (c) the  total  number  of  bank  accounts  opened,  froze/blocked  and  converted  into regular accounts under PMJDY during the last two years and the current year, bank-wise; and
- (d) whether the Government has made any assessment as to the success or failure of the scheme and if so, the details thereof?

## Answer

## The Minister of State in the Ministry of Finance(SHRI  SHIV PRATAP SHUKLA)

(a) No, Sir.

- (b) Accounts  opened  under  Pradhan  Mantri  Jan  Dhan  Yojana  (PMJDY)  are  Basic Savings  Bank  Deposit  (BSBD)  Accounts. As  per  Reserve  Bank  of  India  (RBI) guidelines, although there is no limit on the number of deposits that can be made in a month in BSBD accounts, account-holders are allowed a maximum of four withdrawals in a month, including ATM withdrawals.
- (c)   Bank-wise number of Jan Dhan accounts for last two years and the current year is at  Annexure-1.   As per RBI circular, saving bank accounts are treated as inoperative account in case there is no customer induced transaction for two years. Based on this criteria,  as  on  11.7.2018,  there  are  6.05  crore  inactive  PMJDY  accounts  (source: banks). PMJDY  accounts  could  be  converted  into  regular  saving  bank  account  on receipt of request from the account-holders.
- (d)   All  rural  and  semi  urban  areas  are  constituted  into  1.59  lakh  Sub-Service  Areas (SSAs) based on the criteria of 1000-1500 households.   Out of total SSAs,   0.33 lakh SSAs are covered by bank branches and 1.26 lakh SSAs by inter-operable Bank Mitras. As on 11.07.2018, 32.02 crore Jan Dhan accounts have been opened, out of which, 18.78 crore (58.65%) accounts are in rural/semi-urban areas and 17.00 crore (53.09%) accounts  have  been  opened  by  women  beneficiaries.   Further,  24.09  crore   RuPay cards have been issued and accidental insurance claims have been paid for 3035 Jan Dhan RuPay card-holders.

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| Annexure -1 in reply to Lok Sabha Un-starred Question No. 1776 for 27.7.2018   | Annexure -1 in reply to Lok Sabha Un-starred Question No. 1776 for 27.7.2018   | Annexure -1 in reply to Lok Sabha Un-starred Question No. 1776 for 27.7.2018   | Annexure -1 in reply to Lok Sabha Un-starred Question No. 1776 for 27.7.2018   | Annexure -1 in reply to Lok Sabha Un-starred Question No. 1776 for 27.7.2018   | Annexure -1 in reply to Lok Sabha Un-starred Question No. 1776 for 27.7.2018   |
|--------------------------------------------------------------------------------|--------------------------------------------------------------------------------|--------------------------------------------------------------------------------|--------------------------------------------------------------------------------|--------------------------------------------------------------------------------|--------------------------------------------------------------------------------|
| PMJDY Accounts as on                                                           | PMJDY Accounts as on                                                           | PMJDY Accounts as on                                                           | PMJDY Accounts as on                                                           | PMJDY Accounts as on                                                           | PMJDY Accounts as on                                                           |
| S.No                                                                           | Bank Name                                                                      | 30.03.2016                                                                     | 29.03.2017                                                                     | 28.03.2018                                                                     | 11.07.2018                                                                     |
| 1                                                                              | Allahabad Bank                                                                 | 5219487                                                                        | 7678941                                                                        | 8693062                                                                        | 9460875                                                                        |
| 2                                                                              | Andhra Bank                                                                    | 2335718                                                                        | 2603255                                                                        | 2585870                                                                        | 2596971                                                                        |
| 3                                                                              | Axis Bank Ltd                                                                  | 589659                                                                         | 700096                                                                         | 774961                                                                         | 785880                                                                         |
| 4                                                                              | Bank of Baroda                                                                 | 16476527                                                                       | 24818226                                                                       | 29943971                                                                       | 31835982                                                                       |
| 5                                                                              | Bank of India                                                                  | 14377822                                                                       | 20487652                                                                       | 23347698                                                                       | 24072023                                                                       |
| 6                                                                              | Bank of Maharashtra                                                            | 3666628                                                                        | 5064055                                                                        | 6092919                                                                        | 6175164                                                                        |
| 7                                                                              | Canara Bank                                                                    | 8346410                                                                        | 7542862                                                                        | 8225352                                                                        | 7936790                                                                        |
| 8                                                                              | Central Bank of India                                                          | 11680575                                                                       | 13168392                                                                       | 15376934                                                                       | 15889171                                                                       |
| 9                                                                              | City Union Bank Ltd                                                            | 78576                                                                          | 84008                                                                          | 84347                                                                          | 85224                                                                          |
| 10                                                                             | Corporation Bank                                                               | 2591887                                                                        | 2733803                                                                        | 2713973                                                                        | 2714617                                                                        |
| 11                                                                             | Dena Bank                                                                      | 3871071                                                                        | 4285192                                                                        | 4831006                                                                        | 4934908                                                                        |
| 12                                                                             | Federal Bank Ltd                                                               | 418967                                                                         | 460574                                                                         | 481749                                                                         | 481919                                                                         |
| 13                                                                             | HDFC Bank Ltd                                                                  | 1593634                                                                        | 1733139                                                                        | 1772090                                                                        | 1772388                                                                        |
| 14                                                                             | ICICI Bank Ltd                                                                 | 2909202                                                                        | 3346385                                                                        | 4016758                                                                        | 4034565                                                                        |
| 15                                                                             | IDBI Bank Ltd.                                                                 | 1062461                                                                        | 1179012                                                                        | 822490                                                                         | 827749                                                                         |
| 16                                                                             | Indian Bank                                                                    | 3407700                                                                        | 3753091                                                                        | 3877469                                                                        | 3952006                                                                        |
| 17                                                                             | Indian Overseas Bank                                                           | 4759191                                                                        | 5259853                                                                        | 5408320                                                                        | 5448153                                                                        |
| 18                                                                             | IndusInd Bank Ltd                                                              | 313065                                                                         | 531340                                                                         | 449371                                                                         | 452237                                                                         |
| 19                                                                             | Jammu & Kashmir Bank Ltd                                                       | 1372144                                                                        | 1544241                                                                        | 1608818                                                                        | 1631583                                                                        |
| 20                                                                             | Karur Vysya Bank                                                               | 143868                                                                         | 174247                                                                         | 189216                                                                         | 194076                                                                         |
| 21                                                                             | Kotak Mahindra Bank Ltd                                                        | 184109                                                                         | 180988                                                                         | 178169                                                                         | 177771                                                                         |
| 22                                                                             | Lakshmi Vilas Bank Ltd                                                         | 160393                                                                         | 174680                                                                         | 136297                                                                         | 138534                                                                         |
| 23                                                                             | Oriental Bank of Commerce                                                      | 3671762                                                                        | 3958666                                                                        | 4242349                                                                        | 4325080                                                                        |
| 24                                                                             | Punjab & Sind Bank                                                             | 1291643                                                                        | 783145                                                                         | 1099125                                                                        | 1095857                                                                        |
| 25                                                                             | Punjab National Bank                                                           | 16378961                                                                       | 19772748                                                                       | 21916870                                                                       | 22204824                                                                       |
| 26                                                                             | RBL Bank Ltd                                                                   | 95307                                                                          | 95307                                                                          | 95307                                                                          | 95307                                                                          |
| 27                                                                             | South Indian Bank Ltd                                                          | 103108                                                                         | 208421                                                                         | 209557                                                                         | 209557                                                                         |
| 28                                                                             | State Bank of India                                                            | 72252346                                                                       | 107600502                                                                      | 118160151                                                                      | 118474254                                                                      |
| 29                                                                             | Syndicate Bank                                                                 | 6180598                                                                        | 6947964                                                                        | 7010413                                                                        | 7048597                                                                        |
| 30                                                                             | UCO Bank                                                                       | 8218252                                                                        | 7158759                                                                        | 8184599                                                                        | 8488301                                                                        |
| 31                                                                             | Union Bank of India                                                            | 6574027                                                                        | 7966213                                                                        | 9981970                                                                        | 10193689                                                                       |
| 32                                                                             | United Bank of India                                                           | 12664722                                                                       | 18176996                                                                       | 20455399                                                                       | 21009158                                                                       |
| 33                                                                             | Vijaya Bank                                                                    | 1272302                                                                        | 1490040                                                                        | 1459967                                                                        | 1459299                                                                        |
| 34                                                                             | Yes Bank Ltd                                                                   | 13352                                                                          | 15478                                                                          | 12582                                                                          | 12518                                                                          |