Jan Dhan account benefits to free accident cover, sops PM Modi may announce on Independence Day

The government may announce attractive micro insurance scheme on the occasion and free accident cover under the RuPay Card holders could be increased from Rs 1 lakh.

Aug 12, 2018, 10:32 AM IST

PM Jan-Dhan Yojana: More than half account-holders are women

According to the report, there is a 200 percent increase in volumes of "cash in, cash out" transactions from the banking agent points across India.

Feb 15, 2018, 10:51 AM IST

PM Modi's Jan Dhan Yojna helps villagers cut down on alcohol, tobacco consumption, says SBI report

The SBI report further said that the states with more number of Pradhan Mantri Jan Dhan Accounts have witnessed rural inflation at lower levels.

Oct 16, 2017, 12:03 PM IST

SBI reviewing minimum balance charges for savings accounts

As per the list of revised charges of SBI, failure to maintain monthly average balance in accounts will attract penalty of up to Rs 100 plus goods and services tax (GST).

Sep 17, 2017, 12:26 PM IST

PMJDY initiated financial inclusion, unleased JAM revolution: Arun Jaitley

JAM, a term coined, and a vision conceptualised, by our Chief Economic Advisor, is nothing short of a social revolution, because it has brought together financial inclusion (PMJDY), biometric identification (Aadhar) and mobile telecommunications. 

Aug 27, 2017, 14:23 PM IST

1,767 claims of accidental insurance settled under PMJDY

As many as 1,767 claims were settled toward accidental insurance to RuPay Card holders under the government's flagship financial inclusion programme Pradhan Mantri Jan Dhan Yojana (PMJDY).

Aug 15, 2017, 16:42 PM IST

Post-note ban 12.54 lakh PoS terminals added in Q4

Post the November 8 demonetisation measure, 12.54 lakh Point of Sale (PoS) terminals have been added during the fourth quarter of the last fiscal ended March to facilitate more digital transactions, the government has said.

May 25, 2017, 14:44 PM IST

Withdrawal trend reverses in Jan Dhan accounts; deposits up Rs1,000 crore

Arresting the trend of withdrawals that began in December, the net balance in Jan Dhan accounts swelled by Rs 1,000 crore to Rs 63,971.38 crore during the week ended April 5.

Apr 16, 2017, 14:47 PM IST

Four PSBs probing Jan Dhan account deposits: Arun Jaitley

Four state-run banks are probing whether the money in some financial inclusion scheme Jan Dhan accounts was deposited by the account holders themselves, or by business correspondents to keep the number of zero-balance accounts low, Finance Minister Arun Jaitley said on Friday.

Sep 16, 2016, 18:06 PM IST

Finance Ministry to probe into bankers depositing money in Jan Dhan accounts

Finance Ministry has said that it will ascertain facts with regard to instances of bankers depositing small amounts in the Jan Dhan accounts to reduce the number of zero balance accounts.

Sep 15, 2016, 08:59 AM IST

Union Bank net profit down 68% in Q1

State-run lender Union Bank on Saturday reported a 68 percent decrease in its net profit to Rs 166.32 crore in the quarter ended June 30, as compared to Rs 518.78 crore in the corresponding period last year.

Aug 06, 2016, 17:15 PM IST

Jan Dhan deposits up 118% over 21 months

The average deposit per account under the Pradhan Mantri Jan Dhan Yojana (PMJDY) – a financial inclusion programme launched by Prime Minister Narendra Modi in August 2014 – increased 118 per cent from Rs 795 in September 2014 to Rs 1,735 in May 2016, according to IndiaSpend analysis of government data.

Jun 27, 2016, 16:59 PM IST

Jan Dhan accounts “very vulnerable” to frauds: RBI

Raising concerns that Jan Dhan accounts can be misused by 'money mules', RBI Monday warned they are "very vulnerable" to frauds and asked banks to be on guard against such activities.

May 23, 2016, 21:29 PM IST

Slow progress in PM's financial inclusion dream

Less than half the 210 million Jan Dhan accounts were seeded with Aadhaar as of January 31, 2016.

Feb 20, 2016, 22:01 PM IST

Banks offer OD facility to 49 lakh a/c holders: Arun Jaitley

Banks have offered 49.39 lakh account holders the overdraft (OD) facility worth for Rs 5,000 crore under the Pradhan Mantri Jan Dhan Yojana (PMJDY), Finance Minister Arun Jaitley said Tuesday.

Dec 08, 2015, 18:26 PM IST

Govt eases conditions regarding insurance claim on RuPay cards

However, claim intimations on RuPay Classic cards where accident has occurred before November 24, 2015 will not be eligible for claim benefit under 90 days usage condition.

Nov 26, 2015, 19:26 PM IST

Banks have all powers to deal with wilful defaulters: Arun Jaitley

Concerned over "unacceptable" NPA levels, Finance Minister Arun Jaitley on Monday discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them.

Nov 23, 2015, 16:07 PM IST

RBI will significantly improve banking sector in reasonable time: Arun Jaitley

The FM assessed the progress made under the Jan Dhan Yojana and Prime Minister's social security schemes.

Nov 23, 2015, 14:20 PM IST

Services of banking correspondents under PMJDY out of tax loop

 The government has exempted from tax the services of a banking correspondent for opening savings account under Jan Dhan Yojana, in a move aimed at promoting financial inclusion.

Oct 22, 2015, 14:59 PM IST

Deposits under Jan Dhan crosses Rs 25,000-cr mark

Deposit in accounts opened under the government's flagship financial inclusion programme -- Pradhan Mantri Jan Dhan Yojana (PMJDY) -- have exceeded Rs 25,000 crore.

Oct 13, 2015, 22:43 PM IST