Jan Dhan Yojana: How many new accounts are really new?  

October 13, 2014

Bankers are under tremendous pressure to meet targets, so banking correspondents, who are paid higher commissions are taking the same set of people from one bank to another to open multiple accounts. A huge waste of time and money later in weeding out dormant and multiple accounts seems inevitable

Moneylife Digital Team

Pradhan Mantri Jan Dhan Yojana (PMJDY), aimed at opening bank account for every household across the country, was implemented with brutal force following Prime Minister Narendra Modi personal push.

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