Value of PMJDY deposits in India by public sector bank 2019

This statistic represents the value of Pradhan Mantri Jan-Dhan Yojana deposits across India as of February 2019, based on banks in the public sector. Of a total of about 743 billion Indian rupees, the highest value of deposits at about 218 billion rupees came from State Bank of India. This was followed by Bank of Baroda with about 89 billion rupees during the measured time period.

Value of Pradhan Mantri Jan-Dhan Yojana deposits in India as of February 2019, by public sector bank (in billion Indian rupees)*

Value in billion Indian rupees
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Sources

Release date

February 2019

Region

India

Survey time period

as of February 27, 2019

Supplementary notes

* The Pradhan Mantri Jan Dhan Yojana (PMJDY) is financial inclusion program of Government of India which is applicable citizens between 18 and 65 years old. It aims to expand and make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
Launched in August 2014, the scheme has been criticized by the opposition as an effort to please voters that has created unnecessary work-burden on the public-sector banks. It has been claimed that the poor deserve food more than bank accounts and financial security.

Note: One Indian rupee is equal to 0.014 U.S. dollars and 0.013 euros as of March 2019.

Values have been rounded.

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