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Rs 21,000 crore deposited in Jan Dhan accounts

Rs 21,000 crore deposited in Jan Dhan accounts

New Delhi:  Since the implementation of Centre’s demonetisation drive a whopping Rs 21,000 crores have been deposited in Jan Dhan accounts, a report said. As per reports most of these deposits have been made in West Bengal and Karnataka.

On November 8, after the BJP government’s surprise move announced demonetisation of Rs 500 and Rs 1000 notes, long queues before banks and post offices are seen to deposit or exchange the banned currency. Those Jan Dhan accounts wherein demonetised notes have been deposited are now under scanner.

Earlier, the government had cautioned Jan Dhan account holders that they will be prosecuted under the IT Act for allowing misuse of their bank accounts through deposit of black money. On Wednesday the RBI had directed banks not to accept demonetised notes for deposit in small savings schemes like Public Provident Fund (PPF), Post Office Saving Schemes, National Savings Certificates (NSC), Senior Citizen Savings Scheme (SCSS) and Kisan Vikas Patra (KVP) among others.

However, in the case of Jan Dhan account, the holder can deposit upto Rs 50,000 the government had announced. But many have been seen depositing over Rs 1 lakh in Jan Dhan accounts.

Following the currency scrap, the total balance in Jan Dhan accounts have reached around Rs 66,636 crore. On November 9, the balance in about 25.5 crore Jan Dhan accounts was Rs. 45,636.61 crore.

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