Number Of Jan Dhan Accounts Crosses 55 Crore, FM Sitharaman Tells Banks To Reach Out More

PMJDY is one of the biggest financial inclusion initiatives in the world, according to Finance Minister Nirmala Sitharaman, and a target of opening another three crore such accounts has been fixed for the current year. The average bank balance per account in March 2015 was Rs 1,065, which has now increased to Rs 4,352. Around 80 per cent of the accounts are active, according to the official data.