Public sector banks (PSBs) enrolled more Pradhan Mantri Jan Dhan Yojna (PMJDY) accounts compared to regional rural banks (RRBs) and private sector banks after demonetisation of ₹500 and ₹1,000 currency notes on November 8.

The available data shows that more than three-fourths of the 69 lakh new accounts opened under the PMJDY between November 9 and December 28 came from PSBs, which added 54.52 lakh new accounts. Nearly 37 lakh of them were from urban areas alone.

RRBs followed PSBs with 12.98 lakh new PMJDY accounts during the period. However, a majority of the accounts (11.92 lakh) were from rural areas.

Though major private sector banks added 2.28 lakh new accounts during the 49-day period from November 9, the number of accounts came down by 76,885 in rural areas. This led to a total increase of 1.51 lakh new accounts during the period.

Zero balance

As on December 28, one-fifth (20.50per cent) of PMJDY accounts in RRBs, one-third (35.01 per cent) of accounts in private banks and one-fourth (24.45 per cent) in PSBs had zero balance.

RuPay

Private sector banks improved their performance in issuing RuPay debit cards to PMJDY account-holders.

The percentage of PMJDY accounts with RuPay debit cards in private banks increased to 96.17 per cent by December 28 as against 92.70 per cent as on November 9.

Even PSBs and RRBs improved their performance to 79.32 per cent (77.19 per cent) and 74.16 per cent (68.22 per cent), respectively, during the period.

Aadhaar

The seeding of Aadhaar number has been completed in more than half of the PMJDY accounts (58.66 per cent as on December 28) in PSBs.

It is yet to reach the halfway mark in private sector banks (45.32 per cent as on December 28).

The seeding of Aadhaar number touched 50.27 per cent in RRBs by the end of December 28.

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