Wednesday 17 December 2014

PM JDY Creates 87.6 Million Bank Accounts

Nearly 88 million bank accounts have been created under Prime Minister Narendra Modi's pet project Jan Dhan Yojana.

According to an official release, 87.6 million bank accounts were registered along with 57.8 million RuPay Cards under the scheme so far.

The banks were directed by the government to open at least one account for an adult member of every household.

As per the government survey the household coverage has increased to 89 per cent but around 21.8 million households are still uncovered.

Banks have been tasked to cover all the households before the end of December and seek public feedback to ascertain and open accounts for the leftover households.

"Banks were asked to develop a system to redress the complaint in three days where no investigation is required and in seven days where detailed investigation is required," stated an official press release.

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