Money transferred to women's Jan Dhan accounts safe; do not believe rumours it will be taken back, says FinMin

Finance Minister Nirmala Sitharaman last month had announced that as many of 20.5 crore women Jan Dhan account holders will get Rs 500 per month for next three months to run their households and deal with the hardships caused by the nation-wide lockdown

Press Trust of India April 14, 2020 07:28:42 IST
Money transferred to women's Jan Dhan accounts safe; do not believe rumours it will be taken back, says FinMin

New Delhi: Money transferred to women Jan Dhan accounts is safe and an account holder can withdraw it any time, the Finance Ministry said on Monday while rubbishing rumours that it will be taken back if not withdrawn immediately.

Finance Minister Nirmala Sitharaman last month had announced that as many of 20.5 crore women Jan Dhan account holders will get Rs 500 per month for next three months to run their households and deal with the hardships caused by the nation-wide lockdown.

"We would like to assure that money deposited under the Jan Dhan accounts are safe. The account holder can withdraw the money from the bank branch or ATM at any time. Don't believe any rumour about the safety of the money," the Financial Services Secretary said in a late night tweet.

The rumour that money will not be taken back from accounts if not withdrawn immediately is completely baseless, the Finance Ministry said.

Due to this rumour, some part of the country witnessed serpentine queue outside bank branches for withdrawal of the first installment under the relief package.

Updated Date:

also read

What is PLI scheme? All you need to know about its benefits
Business

What is PLI scheme? All you need to know about its benefits

PLI schemes are a cornerstone of the 'Make in India' campaign which wants to reduce India’s dependence on exports and transform it into a global manufacturing hub

Akhil Vaani | Train 18 is fully ‘Make in India’ and truly aatmanirbhar: Sudhanshu Mani
India

Akhil Vaani | Train 18 is fully ‘Make in India’ and truly aatmanirbhar: Sudhanshu Mani

A tell-all conversation with Sudhanshu Mani, the innovator par excellence and creator of Vande Bharat trains

‘Will address challenges of transport sector’: PM Modi on launching National Logistics Policy
India

‘Will address challenges of transport sector’: PM Modi on launching National Logistics Policy

Seeking to support faster growth after two pandemic-ridden years, the policy will streamline rules and address supply-side constraints as well as provide a roadmap to reduce fuel costs and lower logistics costs