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10cr Jan Dhan Accounts Need Re-KYC: RBI
The New Indian Express Tirunelveli
|August 10, 2025
RESERVE Bank of India deputy governor Swaminathan Janakiraman said the number of accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) since its launch in 2014-15 has reached 55 crore, but nearly 10 crore of them require mandatory Know Your Customer (KYC) updates after a decade in operation.
Speaking at Indian Bank's 2,664th "Financial Inclusion Saturation Programme" at Thirukandalam in Tiruvallur, Janakiraman warned that delays in re-KYC could inconvenience account holders and heighten the risk of misuse. "This will create trust between you and the banks and ensure your account cannot be illegally used. Your hard-earned money and government scheme benefits will remain safe," he said.
This story is from the August 10, 2025 edition of The New Indian Express Tirunelveli.
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