PMJDY accounts increased from 60.38% in March’17 to 85.70% in November’21

PMJDY accounts increased from 60.38% in March’17 to 85.70% in November’21 https://www.taxtmi.com/news?id=24805 The share of operative PMJDY accounts increased substantially to 85.70% by November 2021. RBI defines a savings account as inoperative/dormant after two years of no transactions and has directed Financial Literacy Centres and rural branches to run outreach and targeted financial education to activate accounts. PMJDY beneficiaries can access an overdraft facility after satisfying minimum conditions and may obtain further bank credit under prevailing guidelines. en-us Mon, 13 Dec 2021 18:08:06 +0530 Mon, 13 Dec 2021 18:08:06 +0530 TaxTMI RSS Generator PMJDY accounts increased from 60.38% in March’17 to 85.70% in November’21 https://www.taxtmi.com/news?id=24805 The share of operative PMJDY accounts increased substantially to 85.70% by November 2021. RBI defines a savings account as inoperative/dormant after two years of no transactions and has directed Financial Literacy Centres and rural branches to run outreach and targeted financial education to activate accounts. PMJDY beneficiaries can access an overdraft facility after satisfying minimum conditions and may obtain further bank credit under prevailing guidelines. News - Mon, 13 Dec 2021 18:08:06 +0530 https://www.taxtmi.com/news?id=24805