Deposits in Jan Dhan accounts rise to Rs 64,250 crore, UP leads the chart

Leading the pack of states, Uttar Pradesh has the highest number of account holders to the tune of 3.79 crore and therefore highest deposits of Rs 10,670.62 crore.

By: PTI | New Delhi | Updated: November 25, 2016 6:26 pm
demonetisation, jan dhan deposits, demonetisation jan dhan accounts, jan dhan account deposits, money in jan dhan account, india news, indian express news The government claimed that out of 25.58 crore accounts, 5.98 crore (23.02 per cent) are zero balance accounts.

Total deposits in Jan Dhan accounts have increased to Rs 64,252.15 crore, with Uttar Pradesh leading the chart with Rs 10,670.62 crore deposits followed by West Bengal and Rajasthan, the government said on Friday. The Centre also stressed that no public sector banks had given any instructions to their officials to deposit Re 1 or 2 to avoid zero balance in Jan Dhan accounts. “As on November 16, 25.58 crore accounts with aggregate deposits of Rs 64,252.15 crore have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) across the country,” Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha.

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Leading the pack of states, Uttar Pradesh has the highest number of account holders to the tune of 3.79 crore and therefore highest deposits of Rs 10,670.62 crore. It is followed by West Bengal with 2.44 accounts and deposits of Rs 7,826.44 crore. Rajasthan comes at the third spot with 1.89 crore accounts and the deposit in these accounts totals to Rs 5,345.57 crore while Bihar with 2.62 crore accounts have deposits of Rs 4,912.79 crore as of November 16.

Out of 25.58 crore accounts, 5.98 crore (23.02 per cent) are zero balance accounts, he said. “All public sector banks have denied giving any instructions to deposit Re 1 to 2 in the zero balance accounts,” he said. “Banks have been asked to ensure linkage of all PMJDY accounts with Aadhaar number in a time-bound manner. PMJDY envisages channelising all government benefits to the beneficiaries to all accounts opened under the Yojana and thus trying to bring down the zero balance in such accounts by transferring Direct Benefit Transfer (DBT),” he said.

In reply to a separate question, Minister of State for Finance Arjun Ram Meghwal said the currency in circulation as on November 11 is Rs 17.87 lakh crore. RBI presses printed 2,119.5 crore pieces of bank notes during 2015-16 as against 2,365.2 crore pieces in the previous fiscal, Meghwal said.

During 2015-16, 429.1 crore pieces were Rs 500 notes and 97.7 crore pieces of Rs 1,000 were printed as compared to 501.8 crore pieces, 105.2 crore pieces, respectively in the previous fiscal. Replying to another question, Meghwal said introduction of new series of bank notes in various denominations which are distinctly different in terms of look, design, size and colour has already been approved by the government. The new banknotes in denominations of Rs 2,000 and Rs 500 are already in circulation and other denomination banknotes will also be circulated in due course, he said.

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  1. M
    MyTake
    Nov 25, 2016 at 7:13 pm
    Another surgical strike is required to catch them. Make it illegal to pay or deposit in cash (except in legitimate cases), any amount above say 50,000 Rupee. Any money transferred out from these account should be followed closely and notice should be given accordingly for unusual deposits!
    Reply
    1. S
      SubbuI
      Nov 25, 2016 at 1:38 pm
      Typos in my comment:-lt;br/gt;COMMENT ON not COMMENTVONlt;br/gt;SILANT notSILANR
      Reply
      1. S
        SubbuI
        Nov 25, 2016 at 1:34 pm
        ON MY FIRST COMMENTVON NALAYAK HITLER NMODI ANNOUNCEMENT OF DEMONETISING 500 AND 1000RS NOTES I SUBBU CATAGORICALLY STREESED THAT ALL ILL GOTTEN AND BLACK MONEY WILL BE PUT IN INACTIVE AND SILANR MODI'S jJAN DHAN ACCOUNTS AND LATTER WITHDRAWN OR TRASFERED TO OTHERS.IT HAS BECOME 100% TRUE.AND THIS NALAYAK NMODI PLANNED ALL THE BIG KILL TO DESTROY INDIAN ECONOMY.
        Reply
        1. S
          SubbuI
          Nov 25, 2016 at 5:51 pm
          INREFERENCECE TO BELOW KARTHIK COMMENTS I AGREE 100% with his viewslt;br/gt;1.13 KRORES DEPOSITED BY BENGAL BJP ON 8/11 MORNING IS JUST A SAMPLE OF PROOF.BJP IS FRAUD PARTY AND NALAYAK NMODI IS A DICTATOR WORSE THAN HITLER AND MORE FOOLISH THAN TUGHLAQ
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          1. V
            Vish
            Nov 25, 2016 at 2:42 pm
            Ha, here is full credit to Maya and Mulayam, Azam and Akhilesh, Laloo and balloo, Sachin and Vasundhara for this mobilisation of poor and their accounts, who would have insisted and got a sign up bonus. ,!
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              Anumakonda Jagadeesh
              Nov 28, 2016 at 6:27 am
              “Depositing Someone Else's Money In Your Bank Account? Beware Of New Lawlt;br/gt;This warning comes in the wake of reports that some people are "renting" someone else's bank accounts to deposit their banned notes for dodging tax authorities.”lt;br/gt;It is a good measure.lt;br/gt;Why there is sudden pour of deposits in Jan Dhan after November 8. Does it mean o0ur economy increased to 100 fold in just one day? The Black Money Kings used Jan Dhan Account holders to deposit up to Rs 49,000(No PAN Number need be given) which may be drawn in Two installments . This has two way effect. One: The Black Money is converted to white. Two: Genuine Account holders with deposits prior to November 8 are deprived of money(Lack of cash in the Banks). It is common sense that many with zero balance in Jan Dhan,suddenly got thousands to deposit in their accounts. That is why I suggested on 9th November itself, locking period for all the deposits made after 8th November. If they want they can take loan by paying interest. In 1978 Demonetisation of Higher Bank Notes only one week time for change was given . There were no ATMs and Mobiles at that time. The transition was smooth. In 2016 it is reverse. Nationwide criticism on the hardships of people lining up in long Qs before Bank, ATMs , difficulties to get money for performing marriages, travel etc.lt;br/gt;Deposits in Jan Dhan accounts soared sharply by around Rs 27,200 crore in just 14 days after the announcement of ban on old Rs 500 and Rs 1000 currency notes.lt;br/gt;Total deposits in 25.68 crore Jan Dhan accounts crossed Rs 70,000 crore mark and were at Rs 72,834.72 crore on November 23.lt;br/gt;As of November 9, total deposits in these accounts were Rs 45,636.61 crore.lt;br/gt;After the surprise demonetisation of 500 and 1,000 rupee notes announced by Prime Minister Narendra Modi on November 8, deposits in Jan Dhan accounts have increased sharply to 27,198 crore.lt;br/gt;However, 22.94 per cent of 25.68 crore accounts still have zero balance.lt;br/gt;As on November 16, 25.58 crore accounts with aggregate deposits of Rs 64,252.15 crore were opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) across the country.lt;br/gt;How many ATMs ,Credit cand Debit Cards are there at present?lt;br/gt;ATM and Card Statistics for August 2016lt;br/gt;Credit Cardslt;br/gt;No. oflt;br/gt;Transactionslt;br/gt;(Actuals) ATM POSlt;br/gt;646950 83954292lt;br/gt;No .of outstanding cards as at the end of the month 26378940lt;br/gt;Debit Cardslt;br/gt;No. oflt;br/gt;Transactionslt;br/gt;(Actuals) ATM POSlt;br/gt;1727804 1216897lt;br/gt;No .of outstanding cards as at the end of the month 712465787lt;br/gt;ATMslt;br/gt;On site 103651lt;br/gt;Off Site 99150lt;br/gt;POSlt;br/gt;On line 1461672lt;br/gt;Off Line 300lt;br/gt;(SOURCE: RBI)lt;br/gt;Further Information:lt;br/gt;BANKWISE ATM/POS/CARD STATISTICSlt;br/gt;RBIlt;br/gt;As regards dream of Cashless Economy, there is no provision to use Debit Cards at Railway Station Booking Counters, Bus Stations,Mee(E) Seva(Where hundreds visit every day). I once went to draw amount from ATM in SD Road,Secunderabad(AP). Not Working Board hanging. Second ATM: Out Of Order; Third ATM : Half Shutter Down; 4th ATM : No Money. With this efficiency can we dream of even cashless Economy. First let the Infrastructure be improved, rural Banks number increased; Even Aadhar Cards not reached all after 5 years !lt;br/gt;Dr.A.Jagadeesh Nellore(AP)
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                Arun
                Nov 25, 2016 at 11:16 pm
                Rs 64,250 crores deposits in Jan Dhan accounts in UP will be reduced to zero within three months before UP embly Election is over.Many of them received commission in advance from the Black Money holders, having muscle power to deposit their Old Currency notes of Rs. 500/1000.
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                  Arush
                  Nov 25, 2016 at 3:02 pm
                  When a Country is Handed in the hands of a Chaiwala then you see economic death of that country. Noteban is a coverup for Collapsing Economy, Banks and Bankrupting the entire country. First the incompetent tried to cover all this through kasmir issue and may have set up something with Nawaz Sharif for staged escalation on border to divert from real issue like collapsing economy and country under BJP
                  Reply
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