In connection with reports appearing in media that Department of Financial Services(DFS), M/o Finance has asked Banks to close inactive PM Jan Dhan Yojana accounts, the Department of Financial Services has said that it has NOT  asked Banks to close inactive PM Jan Dhan Yojana accounts.

 A three-month campaign starting from July 1 has been launched by DFS all over the country to deepen the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. Banks will also carry out re- KYC of all due accounts during this campaign. DFS constantly monitors the number of inoperative PMJDY accounts and has advised Banks to contact respective account holders to make their accounts operative. The total number of PMJDY accounts have seen a continuous increasing trend and no incidents of mass closure of inactive PMJDY accounts has come to the knowledge of the department.

No directive to close inactive Jan Dhan accounts: banks instructed to re KYC and contact account holders. Department of Financial Services has not asked banks to close inactive PM Jan Dhan Yojana accounts; it launched a three month nationwide campaign to deepen adoption of PMJDY and related schemes, requires banks to carry out re KYC of due accounts, advises banks to contact account holders to make accounts operative, and reports no known incidents of mass closure while monitoring inoperative accounts.