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Pradhan Mantri Jan Dhan Yojana: Transforming Financial Inclusion in India
Pradhan Mantri Jan Dhan Yojana (PMJDY) has revolutionized financial inclusion in India, with over 51 crore beneficiaries experiencing its transformative impact. Launched in 2014, PMJDY provides universal access to banking facilities and basic bank accounts, empowering countless unbanked citizens, especially women....
PMJDY Accounts Turning Profitable For Lenders
The Pradhan Mantri Jan Dhan Yojana (PMJDY) which got off to boost financial inclusion among weaker section of the society has proved to be profitable for the bankers. There has been reported a steady surge in the average balance in such ...
SBI Tweaks Basic Savings Bank Deposit Rules
In accordance with the recent RBI circular, SBI has fine tuned its basic savings bank deposit (BSBD) policy. On June 10, RBI in its circular stipulated that holders of BSBD account need to be provided with at least 4 withdrawals on ...
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