The Department of Financial Services (DFS) has refuted claims of ordering banks to close inactive PM Jan Dhan Yojana accounts. Instead, a nationwide campaign has been initiated to promote Jan Dhan Yojana accounts and other welfare schemes. Banks will also conduct re-KYC for due accounts, with DFS actively monitoring inoperative accounts and encouraging banks to reactivate them.
from Banking/Finance-Industry-Economic Times https://ift.tt/9ftmXsK
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