SBI spent Rs 775 cr in maintaining Jan Dhan accounts says govt

New Delhi: The total cost of operation of Jan Dhan accounts by State Bank of India is Rs 774.86 crore, Parliament was informed today. [caption id=“attachment_3133790” align=“alignleft” width=“380”]  Reuter[/caption] “Bank-wise and year-wise information on the cost of operation of Pradhan Mantri Jan Dhan accounts is not maintained. However, the total cost of operation of Jan Dhan Yojana (PMJDY) accounts as reported by State Bank of India as on 31 December, 2016, is Rs 774.86 crore,” Minister of State for Finance Santosh Kumar Gangwar said in a written reply in the Rajya Sabha. To a separate query, the minister said the number of zero balance Jan Dhan accounts was 5.93 crore as on 9 November, 2016, and 6.32 crore as on 28 December, 2016. “The balance of deposit in PMJDY was Rs 45,636 crore as on 9 November, 2016 and Rs 71,036 crore as on 28 December, 2016. Replying to another query, Gangwar said public banks, regional rural banks and 13 private lenders have reported that as on 24 March, 2017, 92,52,609 accounts were frozen under the PMJDY due to lack of transaction in the last one year. The minister further noted that as per report received from public sector banks, RRBs and 13 private banks, as on 15 March, there are 28.02 crore Jan Dhan accounts and 1.8 crore operational ones have deposits of more than Rs 5,000.