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Govt To Deposit Rs 1,000 In Women PMJDY Accounts In Two Instalments

New Delhi: The finance ministry on Thursday urged individuals to not consider rumours and stated Rs 500 has been deposited in every PMJDY account held by ladies for April and Rs 1,000 extra will probably be given over the following two months in equal instalments.

In the meantime, state-owned SBI, which has the best variety of PMJDY accounts, requested the beneficiaries to not consider in rumours that the cash will probably be taken away by the federal government if not withdrawn amid massive numbers of individuals flocking banks.

Because of this, there are rush at financial institution branches resulting in violation of social distancing pointers to verify the unfold of coronavirus.

Learn: COVID-19 Might Push Half A Billion Folks Into Poverty: UN

The Division of Monetary Companies (DFS) in a tweet stated the federal government has deposited Rs 500 within the PMJDY accounts held by ladies for April and beneficiaries may withdraw it “any time”.

“This amount (Rs 500) has reached your bank account and you can withdraw it any time,” it stated, and added Rs 500 may even be deposited throughout Might as effectively in June.

The DFS, within the finance ministry, additionally requested the beneficiaries to not consider in rumours and withdraw the quantity from ATM, customer support level or banks as per their comfort.

Of the entire 38.08 crore accounts beneath the Pradhan Mantri Jan Dhan Yojana (PMJDY), as many as 20.60 crore have been held by ladies. As on April 1, the deposits within the PMJDY accounts stood at over Rs 1.19 lakh crore.

State Financial institution of India (SBI) additional stated, “We would like to assure our customers that the funds in your account will not be blocked or returned to the government.”

The nation’s largest lender additionally requested the PMJDY account holders to withdraw cash at their comfort anytime.

Finance Minister Nirmala Sitharaman introduced this as a part of the Rs 1.70-lakh crore aid package deal introduced final month.

Additionally Learn: SBI Cuts Financial savings Account Deposit Charges By 25 BPS, Reduces MCLR By 35 BPS

The minister had stated as many as 20.5 crore ladies Jan Dhan account holders will get Rs 500 per thirty days for subsequent three months to run their households, a transfer aimed toward mitigating the hardships brought on by the lockdown.

(With Company Inputs)

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