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10cr Jan Dhan Accounts Need Re-KYC: RBI

The New Indian Express Madurai

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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.

- EXPRESS NEWS SERVICE @ Chennai

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.

The New Indian Express Madurai

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