CURRENT AFFAIRS

Detailed explanation-1: -Uttar Pradesh | Govt: At 7.93 crore, state has highest number of Jan Dhan accounts in country | Cities News, The Indian Express.

Detailed explanation-2: -Uttar Pradesh and West Bengal have 29% of the total deposits under the scheme, whereas Kerala and Goa became the first states in the country to have at least one basic bank account in every household.

Detailed explanation-3: -Axis Bank in-line with this initiative has introduced a savings account adhering to the policies of Pradhan Mantri Jan-Dhan Yojana. Some of the Pradhan Mantri Jan-Dhan Yojana benefits include simplified access to all privileges under the scheme and no minimum balance requirements. It is a zero-balance savings account.

Detailed explanation-4: -Thus, it proves that there is no significant difference in the number of non-mobile banking users between both the samples. This finding suggests that post-PMJDY, there is no major overall impact on mobile banking. The overall adoption rate, though increased from earlier level, still remains low.

Detailed explanation-5: -81.2% were operative as of August 2022, up from 76% in 2017 Pradhan Mantri Jan Dhan Yojana accounts in the country have seen an increase in the deposit base during the past eight years, and only 8.2 per cent of such accounts had zero balance in August, the Reserve Bank of India’s Trend & Progress report said.