Jan Dhan accounts become fodder of politics in MP’s Jhabua | indore | Hindustan Times
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Jan Dhan accounts become fodder of politics in MP’s Jhabua

indore Updated: Dec 01, 2016 09:43 IST

The Centre is looking into sudden popping up of money into zero-balance Jan Dhan accounts, after Rs 2 lakh crore of cash flooded the banking system within just two days of demonetisation. (HT File)

Sudden deposit of huge amount of money in zero-balance Jan Dhan bank accounts in the Jhabua district has triggered a war of words between the ruling Bharatiya Janata Party and the opposition Congress.

Congress leaders said some BJP leaders have used Jan Dhan accounts to legalise their unaccounted wealth, an allegation the ruling party denied.

The BJP, however, said with demonetisation, Prime Minister Narendra Modi has brought poor people closer to financial institutions.

There was just Rs 1.75 crore in 170,847 Jan Dhan accounts in the tribal majority district. But, between November 9 and 30, deposited amount crossed Rs 25 crore mark.

On November 8, the prime minister announced that old 500 and 1,000 banknotes would no longer be legal tender from November 9 in a bid to tackle graft and undeclared wealth.

The Pradhan Mantri Jan Dhan Yojana is aimed at providing banking services to all households in the country. Run by the Ministry of Finance, on the inauguration day, 15 million bank accounts were opened under this scheme.

Before Nov 8, 70% Jan Dhan accounts in Jhabua had deposit of less than Rs 100

District lead bank manager Arvind Kumar told Hindustan Times on Wednesday that before November 8, 70% Jan Dhan accounts in the district had deposit of less than Rs 100.

The Congress demanded a CBI probe into the matter. Youth Congress president Ashish Bhuria said leaders of the ruling party were legalising their black money using Jan Dhan accounts of poor people.

While BJP district unit chief Daulat Bhavsar said: “Our prime minister opened around 20 crore Jan Dhan accounts two years back as he wanted to bring banks at poor people’s doorstep so that they can contribute in nation building.”

In the wake of allegation that Jan Dhan accounts are being used to deposit black money, the RBI said it will limit withdrawals for such accounts holders to Rs 10,000 per month, if the account is compliant with know-your-customer requirements.