Deposits in Jan Dhan Accounts Rise to Rs 87,000 Cr, 45 Days After Demonetisation

The total amount of money in the Jan Dhan Yojana account have more than doubled to Rs 87,000 crore, 45 days after the Centre announced the demonetisation of the Rs 500 and Rs 1,000 currency notes.

Between November 10 and December 23, 2016, the total deposits reported is Rs. 41,523 crore in 48 lakh accounts. This, together with the total deposits of Rs. 45,637 crore as on November 9, takes the aggregate amount in Jan Dhan accounts to over Rs. 87,100 crore.

On the other hand, the Income Tax Department said it was investigating areas and bank branches where the largest sums of money had been deposited under the scheme. It said the inflow of funds into these accounts, was the highest in the first week after demonetiaation at Rs.20,224 crore.

“All these information are being dissected. If money deposited in these accounts belong to some other persons, necessary action will be taken at appropriate time,” the dept said.

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