A Right to Information (RTI) query reveals of an account opened in a government-owned United Bank of India under Pradhan Mantri Jan Dhan Yojana having an enormous amount of as much as Rs 93.82 crore deposited. Moreover, other nationalised banks also have accounts that received deposits of such a large amount that it raises suspicion of who the depositors could be?
- These deposits have opened windows to a lot of questions including,
- Who are the depositors
- Did the banks check before accepting such deposits
- What checks did the bank do
- What is the nature of the money deposited in Jan Dhan accounts
The bank accounts under Pradhan Mantri Jan Dhan Yojana are the Basic Savings Bank Deposit Accounts that is meant for monetary transactions of the unbanked and is even below the category of regular/basic saving accounts.
According to a report in Moneylife, they had filed an RTI application with the Department of Financial Services in Finance Ministry asking about the highest amount deposited so far in all the banks by any account holder. The Central Public Information Officer (CPIO) asked all the banks to reply to the questions directly.
The replies were shocking. The highest amount deposited was of Rs 93.82 crore.
Here is the list of the maximum deposited amount in Jan Dhan Accounts of different banks –
Whereas, few banks clearly refused to provide any information regarding the deposits in their accounts. Few other nationalised banks are yet to reply to the questions asked in The RTI. Banks such as UCO Bank, Indian Overseas Bank, Allahabad Bank, Bank of Baroda, Vijaya Bank, Canara Bank, Oriental Bank of Commerce have not given any information and made some or the other excuses to deny. Most banks have used excuses like ‘information not available’ while others cited various sections from the RTI Act, like fiduciary relations (Section 8(1) (e)), information denied (Section 8(1)(d)), information not maintained in required format (Section 7 (9)).
The bank accounts opened under Pradhan Mantri Jandhan Dhan Yojana are always opened with zero balance with no facilities available like any regular accounts. Deposits of huge amounts are not a big deal but Jan Dhan Yojana clearly mentions that it does not allow such large deposits.
“Such accounts have limitations regarding the aggregate credits (not more than Rupees one lakh in a year), aggregate withdrawals (nor more than Rupees ten thousand in a month) and balance in the accounts (not more than Rupees fifty thousand at any point of time),” says government’s Jan Dhan Scheme.