Jan Dhan scheme - 3500 crores collected in deposits

PTI MUMBAI, SEPT 29:

Banks have opened a whopping five crore accounts under the Jan Dhan

scheme till September 25 and collected over Rs. 3,500 crore in deposits, 

a top Finance Ministry official said here today.

Led by state-run banks, the system has opened over 5 crore accounts under 

the Jan Dhan scheme as of September 25 and the deposits collected 

through the scheme have crossed Rs. 3,500 crore, Financial Services 

Secretary GS Sandhu told the annual meeting of the Indo-American 

Chamber.
The average deposit per account through this scheme is Rs. 800-900, 

he said.
Giving a major push to the Aadhaar scheme, Sandhu said, all these 

accounts will be seeded to the Aadhar number and will have biometrics 

to avoid the duplication.

The Jan Dhan scheme was announced by Prime Minister Narendra Modi 

during his Independence Day address and was formally launched on
August 28.

On the opening day itself, banks opened over 1.5 crore accounts. The 

government has set a target to open 7.5 crore such no-frills accounts
by Republic Day next year.
Each of these accounts comes with Rs. 5,000 overdraft facility and 

Rs. 1 lakh accident cover and is linked only to the RuPay cards.

(Courtesy: R.B.KISHORE)