Value of PMJDY deposits in India 2020 by major private bank

The Pradhan Mantri Jan-Dhan Yojana distributed over 39 billion Indian rupees in deposits to beneficiaries through major private sector banks as of May 2020 in India. HDFC Bank Ltd had the highest deposits of over 13 billion Indian rupees, even though ICICI Bank Ltd had the highest number of beneficiaries during the measured time period.

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

Value of Pradhan Mantri Jan-Dhan Yojana deposits in India as of May 2020, by major private bank

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Sources

Release date

May 2020

Region

India

Survey time period

as of May 27, 2020

Supplementary notes

One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of June 2020).

Values have been rounded.

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