Demonetisation: Huge surge in Jan Dhan account deposits, Rs 21,000 crore mobilised; maximum from Bengal

Mamata Banerjee-ruled West Bengal leads the pack of states which has seen the highest deposits so far followed by Karnataka.

By: PTI | New Delhi | Updated: November 24, 2016 5:40 pm
Jan dhan, Demonetisation, Jan Dhan accounts, Demonetisation jan dhan, Jan Dhan news, jan dhan deposits, demonetisation, banks, jan dhan, jan dhan yojna, On November 8, Prime Minister Narendra Modi in a surprise move announced demonetisation of 500 and 1,000 rupee notes and since then, long queues before banks and post offices are seen to deposit or exchange these currencies. (Source: Express photo by Dilip Kagda)

Jan Dhan Accounts have seen a huge surge in deposits, with Rs 21,000 crore being parked in such accounts following demonetisation announced earlier this month. In the last 13 days, banks have been flooded with deposits in Jan Dhan accounts that have touched Rs 21,000 crore, sources said. On November 8, Prime Minister Narendra Modi in a surprise move announced demonetisation of 500 and 1,000 rupee notes and since then, long queues before banks and post offices are seen to deposit or exchange these currencies.

WATCH VIDEO: Over 30 Times Surge In Jan Dhan Deposits: Find Out How

Mamata Banerjee-ruled West Bengal leads the pack of states which has seen the highest deposits so far followed by Karnataka. Following the currency withdrawal, the total balance has reached Rs 66,636 crore. As of November 9, the total balance was Rs 45,636.61 crore.

With a view to increasing banking penetration and promoting financial inclusion and with the main objective of covering all households with at least one bank account per household across the country, Pradhan Mantri Jan Dhan Yojna (PMJDY) was launched on August 28, 2014. Such accounts have a deposit limit of Rs 50,000.

Earlier, Finance Minister Arun Jaitley had said the government is looking into sudden ‘popping up’ of money into zero-balance Jan Dhan accounts. “We are getting some complaints that suddenly monies have popped up in the Jan Dhan accounts, so there is a misuse and that is why the rationing in initial days takes place,” he had said.

WATCH VIDEO: Mamata Banerjee Compares Centre’s Demonetisation Move To Hitler’s Rule

He had cautioned that the departments concerned will act if anything improper is found in the deposits.

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  1. H
    Haru Mandal
    Nov 23, 2016 at 3:05 pm
    I don't see any huge surge or sign of CORRUPTION money here. May be IE can explain with a simple arithmetic. 66000 Crore in 25.5 crore Accounts from 45000 Crore???lt;br/gt;I also don't see WB (or the poor in WB) are topping in corruption? I only see that poor there are a bit better off then poor in elsewhere. If one can interpret that way.
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    1. P
      pawan
      Nov 23, 2016 at 2:01 pm
      Amazing...spite of this misuse knowledge what is the good governance going to do about it. Colossial failure in implementation and planning for a such good move is now hallmark of this governance. Bound to happen when you have inept leadership along with corrupt inept babus.
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      1. M
        MyTake
        Nov 23, 2016 at 8:01 pm
        Mamata's Bengal will turn this into jana Dhan Ki Booth! Well done Mamata!
        Reply
        1. M
          MyTake
          Nov 23, 2016 at 6:04 pm
          Means illegal money going into Jan Dhan account. Good enough reason another demonitisation down the track! May be after one year!lt;br/gt;Plus Enquiry should be made where the fund coming from even though it could be below 2.5 Lakhs!
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          1. A
            A
            Nov 23, 2016 at 1:40 pm
            Both are non NDA ruling states....shame on those who are using these poor for their own benefits...and politician supporting such move....
            Reply
            1. V
              Vishy
              Nov 23, 2016 at 2:05 pm
              It's amply clear that mamata banerjee and Rahul baba's appointee Siddaramiah are frustrated and mentally stressed out at losing so much black money.lt;br/gt;lt;br/gt;They were the ones opposing this move and now you see why !!lt;br/gt;lt;br/gt;Yet all these congress and sickular bhakts will blindy support these pieces of junk
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                Amrita
                Nov 23, 2016 at 3:59 pm
                On a visit to the nearby subzi mandi was informed tht there is a slowdown in purchases made. The situation is gradually improving. I heard an individual express concern over the scrutiny of Jan Dhan accounts vis a vis other accounts. An understanding of the context of such scrutiny needs to percolate to the ordinary man and woman on the street. I fear tht misinformation of various kinds is being spread by some individuals and political Parties.
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                1. A
                  A
                  Nov 23, 2016 at 6:03 pm
                  Erleir our father's generation used to say " What Bengslis do today will be done by the rest if India tomorrow' Our generation has to say " Bengali's lead in hiding their I'll gotten money over the rest of India.Good progress indeed
                  Reply
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