Operating Cost of Jan Dhan Accounts is Rs 774.86 crore

The total cost of operation of Jan Dhan accounts by State Bank of India is Rs 774.86 crore. “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 December 31, 2106, is Rs 774.86 crore,” Minister of State for Finance Santosh Kumar Gangwar said in a written reply in the Rajya Sabha.

The minister said the number of zero balance Jan Dhan accounts was 5.93 crore as on November 9, 2016, and 6.32 crore as on December 28, 2016 and as per report received from public sector banks, RRBs and 13 private banks, as on March 15, there are 28.02 crore Jan Dhan accounts and 1.8 crore operational ones have deposits of more than Rs 5,000.