26% Jan Dhan a/cs with PSBs inoperative

‘The share of inoperative Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts in public-sector banks (PSBs) has risen to 26 per cent as of the end of September, up from 21 per cent a year ago, reflecting a further slowdown in account activity under the government's flagship financial inclusion scheme, according to a senior government official.

- HARSH KUMAR

“As of September 2025, of a total of 545.5 million PMJDY accounts in PSBs, around 142.8 million were inoperative. For 2025-26, the target for opening new PMJDY accounts in PSBs is 20 million, of which 13.2 million accounts (66 percent) have been opened until September.” the official said.

‘Among large banks, Bank of India (33 percent) and Union Bank of India (32 per cent) reported the highest share of inactive accounts, while Indian Overseas Bank (8 per cent) and Punjab & Sind Bank (9 percent) had the lowest. The inoperative ratio rose notably for State Bank of India, from 19 per cent in September 2024 to 25 per cent in September 2025.

‘An email query sent to the finance ministry remained unanswered at the time of going to press.