As informed by banks, as on 25.03.2020 (pre-COVID-19 lockdown), the total number of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts were 38.33 crore with a deposit balance of ₹ 1,18,434 crore, whereas as on 10.11.2021 (post-COVID-19 lockdown), the total number of Pradhan Mantri Jan Dhan accounts are 43.85 crore with a deposit balance of ₹ 1,48,069 crore. This was stated by the Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in written reply to a question in Lok Sabha today.

In reply to a question, the Minister said the Government is not planning to come up with any scheme to provide monetary benefits in terms of interest on their money for the beneficiaries of PMJDY as all saving bank accounts including PMJDY accounts earn interest on deposits as per the Board approved policy of Banks.

Interest entitlement for PMJDY accounts: beneficiaries receive bank approved interest rates; no separate government interest scheme planned. The Government reported growth in PMJDY account numbers and aggregate deposits and stated it will not introduce a separate interest benefit scheme; interest on PMJDY deposits continues to be governed by banks' board approved savings account policies.