The Department of Financial Services (DFS), operating under the Ministry of Finance, announced on Tuesday, July 8, that it has not instructed banks to close inactive PM Jan Dhan Yojana accounts. This clarification from the Finance Ministry followed reports suggesting that dormant PM Jan Dhan Yojana accounts would be shut down.
In a related initiative, the DFS launched a three-month nationwide campaign on July 1. This campaign aims to increase the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. During this period, banks are also tasked with conducting re-KYC for all accounts due for it, as stated in an official release from the Finance Ministry today.
The DFS “consistently monitors the number of inoperative PMJDY accounts and has advised banks to contact the respective account holders to make their accounts operative,” the statement further noted.
According to the Ministry’s statement, the total number of PMJDY accounts has shown continuous growth, and the department is unaware of any widespread closure of inactive PMJDY accounts.
Previously, in March of this year, the Finance Ministry reported that 55.02 crore Jan-Dhan accounts had been opened by May 7, 2025, with 36.63 crore of these located in rural and semi-urban regions.
The Central government introduced the Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014. This National Mission for Financial Inclusion (NMFI) was initiated to provide universal banking services to every adult without a bank account, guided by the principles of banking the unbanked, securing the unsecured, funding the unfunded, and serving unserved and underserved areas.
