No Closure of Inactive PMJDY Accounts

The Department of Financial Services (DFS), Ministry of Finance has refuted media reports claiming that banks have been instructed to close inactive PM Jan Dhan Yojana (PMJDY) accounts.

Key Highlights:

• Clarification Issued: DFS has not asked any bank to close inactive PMJDY accounts.
• 3-Month Awareness Campaign:
  • Launched on July 1, 2025, across India.
  • Aimed at deepening outreach and awareness of:
    • PM Jan Dhan Yojana (PMJDY)
    • Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
    • Atal Pension Yojana (APY) and other financial inclusion schemes.
• Re-KYC Drive:
  • Banks will conduct re-KYC of all due accounts during this campaign.
• Monitoring of Inactive Accounts:
  • DFS regularly tracks inactive accounts and advises banks to reach out to account holders to help them activate their accounts.

Pradhan Mantri Jan Dhan Yojana (PMJDY)

• Launch Date:
  • August 28, 2014
• Ministry
  • Ministry of Finance

Objective:

To promote financial inclusion by providing affordable access to:

• Banking/savings accounts
• Remittance services
• Credit
• Insurance
• Pension

Eligibility Criteria

• Must be an Indian citizen
• Age: 18 to 59 years
• Minors above 10 years can open accounts with parental/guardian supervision

Account Features

• Can be opened at any bank branch or Bank Mitr (Business Correspondent) outlet
• Zero balance required to open the account
• Chequebook facility available only if minimum balance is maintained
• Comes with a RuPay debit card for cash withdrawals at ATMs

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