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SBI Research Report
As per the latest data on October 14, 2020, the total number of Pradhan Mantri Jan Dhan Yojana accounts stood at 41.05 crore with a total balance of Rs 1.31 lakh crore.
Since April 01, around 3.0 crore accounts were opened, with total rise in deposits of Rs 11,060 crore in the PMJDY accounts.
The pandemic has led to a 60% increase in the opening of new Jan Dhan accounts.
The average balance of PMJDY accounts increased to Rs 3400 in April and declined there after to Rs 3168 in September and now marginally increased to Rs 3185 in October 2020.
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