Over 30 Times Surge In Jan Dhan Deposits: Find Out How
Pradhan Mantri Jan Dhan Yojana accounts have seen deposits surge almost 30 times by around Rs 21,000 crore in just 14 days since the government’s November 8 announcement on the withdrawal of high-denomination currency notes. According to these estimates, the average weekly deposits in these accounts rose by 3,200 per cent in the two weeks since November 9.Government sources told the indian express that While the amount of deposits that came into accounts in West Bengal and Karnataka have shown a record surge — over the last 14 days was not known, according to latest data updated until November 9. Uttar Pradesh topped the deposit list with Rs 7493.50 crore of funds in these accounts and 22.87 per cent zero balance accounts. West Bengal had the second highest amount of deposits of Rs 6286.65 crore in Jan Dhan accounts. Since the launch of Jan Dhan in August 2014, total deposits into these accounts were Rs 45,636 crore as on November 9, 2016, the day the government’s currency withdrawal decision kicked in. Total deposits in Jan Dhan accounts jumped to Rs 66,636 crore as on November 22. Officials said the finance ministry is monitoring the sudden surge into these accounts with some officials saying black money operators could be using these accounts to convert their funds.