India has left China behind in the financial inclusion drive, says a SBI study.
With an increasing number of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts and account balance there has been a drastic decline in crimes.
Pradhan Mantri Jan Dhan account holders have crossed 44-crore mark.
The report also calls upon the banks to segregate the data pertaining to Jan Dhan Account in accordance with gender.
Though the number of beneficiaries went up, the total balance in the accounts fell by Rs 1,208 crore during the month.
Jan Dhan account holders with a SBI RuPay debit card will be eligible for free accidental insurance cover by the bank
Here we take a step-by-step look at how you can seamlessly complete the process
While there is a wide disparity in the issuance of debit cards between states, there has been a slow but steady decline in the debit cards issued to Jan-Dhan beneficiaries.
Jan Dhan accounts: However, there has been a decline in the number of beneficiaries who have been issued debit cards
Under PMJDY, a Rupay Debit card is provided to account holders. In 2018, the Centre enhanced the accidental insurance cover under the Rupay scheme for Jan Dhan account holders