Gujarat Crosses 1.99 Crore Jan Dhan Accounts With Over ₹12,480 Crore Deposited
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
Gujarat has recorded nearly 2 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, with total deposits crossing ₹12,480 crore, highlighting the state's expanding financial inclusion network.
The state has 1,99,92,335 Jan Dhan account holders with an aggregate balance of ₹12,483.12 crore. Women account for more than 1.02 crore of these accounts, with 1,02,67,182 women beneficiaries. Banks have also issued 77,64,348 RuPay debit cards to beneficiaries across Gujarat.
Bank Of Baroda Leads Jan Dhan Account Network
Bank of Baroda accounts for the largest share of Jan Dhan accounts in Gujarat, with 1,03,44,494 account holders and deposits worth ₹7,743.14 crore.
State Bank of India is the second-largest contributor, managing 44,91,440 accounts with deposits of ₹2,136.26 crore.
Other major banks and their Jan Dhan account figures include:
- Bank of India: 9,90,901 accounts; ₹621.15 crore in deposits
- Union Bank of India: 9,82,335 accounts; ₹384.08 crore
- Punjab National Bank: 4,40,228 accounts; ₹190.03 crore
- Indian Bank: 4,31,459 accounts; ₹88.93 crore
- Canara Bank: 2,21,862 accounts; ₹273.13 crore
- Central Bank of India: 3,17,354 accounts; ₹154.23 crore
- UCO Bank: 2,34,380 accounts; ₹92.47 crore
- Indian Overseas Bank: 1,95,126 accounts; ₹99.43 crore
- Bank of Maharashtra: 1,03,449 accounts; ₹116.45 crore
- Punjab & Sind Bank: 51,153 accounts; ₹8.26 crore
Other banks collectively serve 10,51,117 account holders, with total deposits of ₹575.56 crore.
Zero-Balance Accounts And Overdraft Facility
The Ministry of Finance said PMJDY accounts are Basic Savings Bank Deposit (BSBD) accounts that can be opened without any charges and do not require account holders to maintain a minimum balance.
Beneficiaries are eligible for facilities including an overdraft limit of up to ₹10,000. They are also provided with a free RuPay debit card carrying an in-built accidental insurance cover of ₹2 lakh for accounts opened after August 28, 2018.
Financial Literacy Campaigns
To encourage active use of banking services and improve financial awareness in rural areas, targeted saturation campaigns are being conducted alongside the Reserve Bank of India's Centre for Financial Literacy (CFL) project.
Rural bank branches and Financial Literacy Centres are also organising outdoor financial literacy camps for groups including farmers, small entrepreneurs and self-help groups, with the aim of promoting regular banking habits and greater awareness of financial services.
