Total balance in Jan Dhan accounts cross ₹2.75-lakh cr mark
As per the latest Government data, the total balance in PMJDY accounts stood at ₹2,75,057 crore as on October 22, 2025, while the total number of beneficiaries (accounts) reached 56.85 crore
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GIRI KVS
The total balance in no-frills accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) has crossed ₹2.75 lakh crore.
Some of the inactive accounts have also become live over the last couple of months due to special efforts made by banks.
As per the latest Government data, the total balance in PMJDY accounts stood at ₹2,75,057 crore as on October 22, 2025, while the total number of beneficiaries (accounts) reached 56.85 crore. The public sector banks have a lion’s share of total deposits at ₹2.15 lakh crore, followed by the Regional Rural Banks with a balance of ₹51,489 crore. The private banks could mobilise only ₹8,149 crore.
“Apart from the growth in deposits, a significant trend is beginning to gain some traction in the inoperative accounts of Jan Dhan due to the positive impact of the Saturation Campaign which is aimed at promoting financial inclusion and re -KYC,’” a senior SBI official told businessline.
As of August 2025, as many as 13 crore out 56 crore PMJDY accounts were found to be inactive. The Department of Financial Services organised a nationwide Financial Inclusion (FI) Saturation Programme for three months during July-September 2025 to extend the reach of PMJDY, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) to all eligible individuals across the country.
Verification process
“While exact consolidated data is yet to be released, we understand that about 5 per cent of inoperative accounts under PMJDY have completed re-verification of Know Your Customer (KYC) norms by the end of September,’’ the official said.
According to Yerram Raju, an economist, there is a need to get more inoperative accounts under the the scheme as the basis purpose of achieving financial inclusion cannot be achieved with a large number of inoperative accounts. “While the FI Saturation Programme is commendable, more such initiatives should be rolled out,’’ he said.
Prasanna Tantri, Executive Director, Centre for Analytical Finance, Indian School of Business (ISB) said: “While the attempt to activate inactive accounts is welcome, the Government should focus now focus on using this to improve access to credit.’’
The PMJDY scheme has done a ‘great job’ in achieving access to savings. Almost 90 per cent of households in the country have a bank account, Tantri added.
Published on November 5, 2025
