“Banks will also carry out re-KYC of all due accounts during this campaign,” the Ministry of Finance statement said. File
| Photo Credit: The Hindu
The Ministry of Finance on Tuesday (July 8, 2025) denied reports that it has directed that inactive PM Jan Dhan Yojana be closed.
”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,” the Ministry said in a statement.
The statement added that the Department of Financial Services had started a three-month campaign from July 1 to deepen the adoption of PM 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,” the statement said. “DFS constantly monitors the number of inoperative PMJDY accounts and has advised banks to contact respective account holders to make their accounts operative.”
It added that no incidents of mass closure of inactive PMJDY accounts have come to the knowledge of the department.
Published – July 08, 2025 07:51 pm IST
