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“Banks do not have any minimum balance requirement for basic savings bank deposit accounts, including accounts opened under Pradhan Mantri Jan DhanYojana”, stated Anurag Thakur in the lower house while referring to the RBI guidelines, clearing ahead that there was no need for maintaining minimum balance.
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Hailing the government decision of boosting the users to the formal financial system, the Reserve Bank of India on Wednesday opened up the report on trends and progress of banking in India for year 2017-18, powered by the drive to mobilise account ownership among unbanked adults through the Pradhan Mantri Jan Dhan Yojana (PMJDY).
