**Summary:**
On July 8, 2025, the Department of Financial Services (DFS), Ministry of Finance, issued a statement clarifying that it has not directed banks to close inactive Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts. This announcement was in response to media reports suggesting otherwise. The DFS is actively monitoring the number of inoperative PMJDY accounts and has advised banks to contact account holders to encourage them to make their accounts operative. Furthermore, the DFS has launched a three-month campaign, commencing July 1, 2025, to promote the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. As part of this campaign, banks will also conduct re-KYC (Know Your Customer) procedures for all due accounts. The DFS emphasizes that the total number of PMJDY accounts has been steadily increasing, and the department is unaware of any instances of mass closures of inactive accounts. This information was released by PIB Delhi; Release ID: 2143112.
Key Entities Referenced
PM Jan Dhan Yojana: A national mission for financial inclusion to ensure access to financial services.
Ministry of Finance: The government ministry responsible for financial matters.
Banks: Financial institutions subject to the policy.
Department of Financial Services: A department within the Ministry of Finance.
Delhi: Location of Press Information Bureau (PIB), likely where the press release originated. Union Territory in India
Jeevan Jyoti Bima Yojana: A government-backed life insurance scheme in India.
Atal Pension Yojana: A government-backed pension scheme in India, primarily targeted at the unorganized sector.
India: The country to which this policy applies
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 4:17PM by PIB Delhi
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.
****
NB/AD
(Release ID: 2143112)