The central bank said the Rs 10,000-cap may be relaxed within current applicable limits after ascertaining the genuineness of such withdrawals.
The Reserve Bank of India today decided to fix a limit of Rs 10,000 on withdrawals from Jan Dhan accounts. Those with non-KYC compliant accounts under the scheme can only draw Rs 5000 per month.
In a notification issued today, the central bank, however, said the Rs 10,000-cap may be relaxed within current applicable limits after ascertaining the genuineness of such withdrawals.
Non-KYC (Know Your Customer) compliant Jan Dhan account holders are now allowed to withdraw Rs 5,000 a month with an overall ceiling of Rs 10,000.
DEPOSITS RISE IN JAN DHAN SINCE NOV 8
Since the demonetisation drive began on November 8, the Jan Dhan accounts have seen their aggregate deposits rise. On November 16 - the eighth day of the drive - Parliament was told the deposits increased to Rs 64,252.15 crore.
"As on November 16, 25.58 crore accounts with aggregate deposits of Rs 64,252.15 crore have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) across the country," Minister of State for Finance Santosh Kumar Gangwar told the Lok Sabha in a written reply.
Uttar Pradesh leads among the states with 3.79 crore account holders and deposits of Rs 10,670.62 crore, followed by West Bengal with 2.44 accounts and deposits of Rs 7,826.44 crore.
Rajasthan follows at third place with 1.89 crore accounts and deposits of Rs 5,345.57 crore.
The minister said that out of 25.58 crore accounts, 5.98 crore, or just over 23 per cent, are zero balance accounts.
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Ruchi Anand & Associates are top chartered accountants in New Delhi.
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