In a significant boost to India’s financial inclusion journey, total deposits under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have surged past the ₹2.75 lakh crore mark, as per government data updated till October 22, 2025. With 56.85 crore beneficiaries now linked to the no-frills banking initiative, the scheme continues to be a cornerstone of inclusive growth. Crucially, efforts to reactivate dormant accounts through targeted outreach campaigns have begun to show positive results, highlighting renewed engagement with the formal banking ecosystem.
Key Highlights of PMJDY Performance
- Total Balance: ₹2,75,057 crore (as on October 22, 2025)
- Number of Accounts: 56.85 crore
Top Contributors
- Public Sector Banks: ₹2.15 lakh crore
- Regional Rural Banks (RRBs): ₹51,489 crore
- Private Sector Banks: ₹8,149 crore
This sharp increase in account balances is also driven by direct benefit transfers (DBTs), government schemes, and increased account activity as a result of recent reactivation campaigns.
Financial Inclusion Saturation Programme: A Catalyst
To address the issue of inactive accounts, the Department of Financial Services (DFS) launched a three-month Financial Inclusion Saturation Programme (July–September 2025). The drive aimed to,
- Promote enrollment under PMJDY, PMJJBY, PMSBY, and Atal Pension Yojana (APY)
- Facilitate re-verification of KYC for dormant accounts
- Extend financial services to unbanked and underbanked regions
As of August 2025, nearly 13 crore out of 56 crore PMJDY accounts were inactive. However, about 5% of these accounts underwent successful re-KYC by the end of September, reactivating millions of previously unused bank accounts.
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