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Modified Jan Dhan: No of accounts swell to 326.1 mn; Rs 12.66 bn increased
Earlier, the government earlier relaunched PMJDY as an open-ended scheme with higher insurance cover and double the overdraft (OD) facility. During the August 15-September 5 period, the total deposits in 32.61 PMJDY accounts witnessed an increase of Rs 12.66 billion. The existing OD limit of Rs 5,000 has been increased to Rs 10,000. Besides, it provided Basic Banking Accounts with OD facility of Rs 5,000 after six months.
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