PM Jan Dhan Yojana Update – No Closure of 11 Crore Accounts, Know Benefits, Reactivation Process & Eligibility

Pradan Mantri Jan Dhan Yojana (PMJDY) remains one of the largest financial inclusion schemes in India, focused on connecting every household with banking services. Recently, rumors about closing 11 crore inactive Jan Dhan accounts caused concern among account holders. However, the Finance Ministry clarified that no orders have been issued to banks for closing such accounts.

Clarification on Account Closure under Jan Dhan Yojana

The Department of Financial Services (DFS), under the Ministry of Finance, stated that it has not asked banks to close inactive Pradhan Mantri Jan Dhan Yojana accounts. These rumors stemmed from media reports quoting banks reviewing accounts inactive for a long period. The DFS is instead focusing on strengthening the scheme’s reach and ensuring active participation.

A three-month campaign began from July 1 nationwide to enhance awareness and financial inclusion through schemes including Jan Dhan Yojana, Jeevan Jyoti Bima Yojana, and Atal Pension Yojana. As part of this drive, banks are contacting account holders to complete re-KYC (Know Your Customer) procedures to keep accounts functional and to reactivate dormant ones.

Also Read – PMJDY: New Updates in Pradhan Mantri Jan Dhan Yojana for Beneficiaries

Benefits and Features of Jan Dhan Yojana Accounts

Launched on August 28, 2014, Jan Dhan Yojana aims to provide accessible banking to all, particularly the poor and those without bank links. Here’s what you get when you open a Jan Dhan account:

• Open a zero-balance savings account in any bank.
• Receive a RuPay debit card for easy transactions.
• Accidental insurance coverage up to Rs 2 lakh.
• Life insurance cover surging up to Rs 30,000.
• Direct Benefit Transfer of government subsidies straight to your account.

These benefits help improve financial security, promote savings habits, and provide credit and insurance access to millions across the country.

What Should You Do if Your Jan Dhan Account is Inactive?

If you find your account is inactive, don’t worry about closure. Instead, respond promptly to bank communication to complete the re-KYC process, reactivate your account, and continue enjoying the scheme benefits. Staying in touch with your bank helps avoid any disruption in subsidies and insurance coverage linked with your account.

Current Status and What to Expect

The DFS reports a rise in the number of Jan Dhan accounts despite worries of closure. As of now, there is no government directive to close inactive accounts. The focus lies on reactivating existing accounts and increasing financial inclusion.

You can confidently keep your Jan Dhan account active by completing any pending KYC updates and regularly using the facilities provided.