Banks collect Rs 6,000 cr in deposits from PMJDY accounts

Banks have collected over Rs 6,000 crore by opening 7.9 crore accounts under the Pradhan Mantri Jan Dhan Yojana, said a senior Finance Ministry official.

"PMJDY is for the people, and especially for the women. The objective of the scheme is to bring the people to the financial world. The people of the country have deposited Rs 6,000 crore under PMJDY," Additional Secretary, Department of Financial Services, Snehlata Shrivastava has said.

The money deposited by the people is given by the bank for various works and businesses thus providing development of the country, she has said at a mega camp organised by Corporation Bank in Mangalore.

There are various benefits through PMJDY like RuPay Debit Cards with Rs 1 lakh accidental insurance to all the account holders, she said in an official statement.

Overdraft of Rs 5,000 to one member of family, preferably a woman, will also be provided after observing satisfactory transactions in the account for six months, she added.

Besides these, other need-based credit facilities, micro insurance and so on will also be available to the customers.

Corporation Bank Chairman and Managing Director S R Bansal said the bank has opened 12.83 lakh savings bank accounts under PMJDY so far.

Out of 12.83 lakh accounts 9.13 lakh account holders have been issued with RuPay Debit Cards, he added.