5 days ago
Jan Dhan Account Balances Rise 55% Over Five Years
Pradhan Mantri Jan Dhan Yojana gives people bank accounts without requiring a minimum balance.
These accounts are meant to help people who may not have used banks before.
The total money saved in the accounts has grown to about Rs 3.17 lakh crore.
The average amount in each account has also increased to Rs 5,356.
There are now about 590.9 million accounts.
Women hold about 56% of these accounts, and many are in rural areas.
RuPay cards and digital systems help people receive government payments directly.
The government says this makes financial services reach more people without middlemen.
PMJDY account deposits reached about Rs 3.17 lakh crore as of August 19, 2026.
The average account balance rose to a record Rs 5,356, up more than 55% over five years, according to the article.
The scheme had 590.9 million accounts, including 329.2 million held by women and 459.5 million in rural and semi-urban areas.
Public sector banks held 455.8 million accounts and Rs 2.46 lakh crore in deposits, while 412.9 million RuPay cards had been issued.
The Jan Dhan-Aadhaar-mobile system supported direct benefit transfers that generated nearly Rs 5.14 lakh crore in cumulative savings between FY15 and FY24.
- Who
- Pradhan Mantri Jan Dhan Yojana account holders, banks, and the Union government; Union Minister of State for Finance Pankaj Chaudhary commented on the scheme.
- What
- PMJDY account balances, deposits, and account numbers have increased substantially, alongside wider use of RuPay cards and direct benefit transfers.
- Where
- India, including rural, semi-urban, urban, and metropolitan areas.
- When
- The figures are stated as of August 19, 2026; the scheme was marking its 12th anniversary.
- Why
- The scheme aims to expand access to banking and enable direct delivery of government benefits and financial services.
Key facts
- Total accounts
- 590.9 million as of August 19, 2026
- Total deposits
- Rs 3,16,514 crore, or about Rs 3.17 lakh crore
- Average balance
- Rs 5,356
- Women account holders
- 329.2 million, approximately 56% of all accounts
- Rural and semi-urban accounts
- 459.5 million
- RuPay cards issued
- 412.9 million
- Direct benefit transfer savings
- Nearly Rs 5.14 lakh crore cumulatively between FY15 and FY24
Quotes
Pankaj Chaudhary
Union Minister of State for Finance
“Today, I am happy that PMJDY is celebrating its 12th anniversary. We should not see PMJDY just in the light of the opening of more than 590 million accounts, garnering a deposit balance of Rs 3.17 lakh crore, or the issuance of 412.9 million free-of-cost RuPay cards, but in its transformation of the banking and financial landscape of the country, where the delivery of financial services to the last person in society—the poorest of the poor—has been made possible without delay or the involvement—”
financialexpress.com
Sources
Related news
PM Jan Dhan Yojana Turns 12 With 59 Crore Accounts
Jan Dhan Yojana Expands India’s Financial Inclusion After Twelve Years
Modi Hails Jan Dhan Scheme’s Impact on India’s Banking Access
India’s Financial Inclusion Index Rises as Jan Dhan Deposits Surge
Modi Highlights Jan Dhan Yojana’s Transformative Financial Inclusion Impact
Andhra Pradesh Launches Rs 25,000 Aid for Handloom Weavers
Governments highlight women's empowerment initiatives
