The Department of Financial Services (DFS) under the Ministry of Finance has clarified that it has not instructed banks to close inactive Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts. Contrary to media reports, the DFS has launched a three-month nationwide campaign, effective July 1, to enhance the adoption of PMJDY accounts and other welfare schemes like Jeevan Jyoti Bima Yojana and Atal Pension Yojana. As part of this initiative, banks will also conduct re-KYC for all due accounts. The DFS actively monitors the status of inoperative PMJDY accounts and has advised banks to engage with account holders to reactivate them. The department notes a consistent increase in the total number of PMJDY accounts and has no information regarding widespread closures of inactive accounts.
Ministry of Finance
No directions given to Banks to close inactive PM Jan Dhan Yojana accounts: Department of Financial Services, M/o Finance
Posted On: 08 JUL 2025
In connection with reports appearing in media that Department of Financial Services(DFS), M/o Finance has asked Banks to close inactive PM Jan Dhan Yojana accounts, the Department of Financial Services has said that it has NOT asked Banks to close inactive PM Jan Dhan Yojana accounts.
A three-month campaign starting from July 1 has been launched by DFS all over the country to deepen the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. Banks will also carry out re- KYC of all due accounts during this campaign. DFS constantly monitors the number of inoperative PMJDY accounts and has advised Banks to contact respective account holders to make their accounts operative. The total number of PMJDY accounts have seen a continuous increasing trend and no incidents of mass closure of inactive PMJDY accounts has come to the knowledge of the department.
