New Delhi, Aug. 6 -- The Reserve Bank of India on Wednesday flagged that a number of Pradhan Mantri Jan Dhan Yojana accounts are due for a re-KYC as the scheme has completed 10 years. In his MPC statement, RBI Governor Sanjay Malhotra said that camps are being organised by banks for customers to complete their re-KYC.
Launched in 2014, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has approximately 56 crore accounts under its wing so far. The accounts that have been opened in 2014 and 2015 have become due for periodic updation or re-KYC as they have completed 10 years, as per rules.
"As Jan-dhan Scheme completes 10 years, a large number of accounts have fallen due for re-KYC," Malhotra said.
Malhotra said that banks are organising three-m...
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