<h1>Department of Financial Services denies directing banks to close inactive accounts under financial inclusion scheme</h1> The Department of Financial Services clarified it has not directed banks to close inactive accounts under a government financial inclusion scheme. Media reports suggesting such directions were denied by the department. A three-month campaign launched nationwide aims to increase adoption of various welfare schemes including the financial inclusion program, insurance, and pension schemes. Banks will conduct re-verification of customer documentation during this period. The department monitors inactive accounts and advises banks to contact account holders to reactivate accounts. Total scheme accounts continue growing with no mass closures reported.