Jan Dhan accounts close immediately: Government clarification
Jan Dhan accounts: The Pradhan Mantri Jan Dhan Yojana is a crucial financial inclusion program that aims to provide access to financial services such as bank accounts, remittances, credit, insurance, and pensions to all Indian citizens. Jan Dhan accounts close immediately: Government clarification.
The Indian government has unequivocally clarified that no instructions have been issued to banks to close Jan Dhan accounts, debunking recent viral news reports claiming the opposite. The Department of Financial Services (DFS) under the Ministry of Finance has stated that these reports are “factually incorrect.”
Instead of closures, the government has launched a three-month nationwide campaign, starting July 1, 2025, aimed at deepening the adoption of Jan Dhan Yojana accounts and associated welfare schemes like the Jeevan Jyoti Bima Yojana and Atal Pension Yojana.
The Ministry of Finance emphasized that the total number of Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts has shown a continuous upward trend, and no instances of mass closure of inactive PMJDY accounts have come to the department’s attention.
As part of the ongoing campaign, banks have been advised to:
Carry out re-KYC (Know Your Customer) procedures for all due accounts. Contact respective account holders with inoperative accounts to encourage them to make their accounts operative.
The DFS regularly monitors the status of inoperative PMJDY accounts and actively encourages banks to engage with account holders to reactivate dormant accounts, rather than closing them.
The Pradhan Mantri Jan Dhan Yojana is a crucial financial inclusion program that aims to provide access to financial services such as bank accounts, remittances, credit, insurance, and pensions to all Indian citizens.
Benefits of Jan Dhan accounts include no minimum balance requirement, interest on deposits, a free RuPay debit card, accidental insurance cover, and an overdraft facility for eligible account holders.
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