Deposits In Jan Dhan Accounts Are Set To Cross Rs 1 Lakh Crore Mark

The total deposits in Jan Dhan Account are set to cross Rs 1 lakh crore soon. The scheme was launched on 28th August 2014 by the Modi-government with an aim to provide universal access to banking facilities to all households.

On 3rd April, the total balance in the Jan Dhan accounts was at Rs 97,665.66 and the total number of Jan Dhan accounts crossed 35.39 crores. Also, more than 27.89 crores account holders have been issued the Rupay debit cards.

Source: Business Today

Static/Current Takeaways Important for LIC AAO Exam:

  • The government increased the accident insurance cover to Rs 2 lakh from Rs 1 lakh for new accounts opened after 28th August 2018 and the overdraft limit was also doubled to Rs 10,000.

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