Jan Dhan accounts total balance crosses Rs 2.75L cr

New Delhi: India’s financial inclusion drive has reached a major milestone, with Jan Dhan accounts across the country now holding a total balance of about Rs 2.75 lakh crore. This works out to an average of Rs4,815 in each account, according to M. Nagaraju, Secretary, Department of Financial Services.

Delivering the 69th Foundation Day Lecture on India’s Financial Inclusion Journey at the Administrative Staff College of India (ASCI), Nagaraju said India has witnessed a transformation in how people access and use financial services. He described the country’s progress as “nothing short of a miracle”, noting that the PMJDY launched in 2014 played a crucial role in bringing more than 57 crore people into the formal banking system.