Jan Dhan deposits double to Rs. 87,000 crore, under IT lens

Inflows of funds into Jan Dhan accounts was the highest in the first week after demonetisation at Rs.20,224 crore, but after that the deposits went down substantially.

Jan Dhan deposits double to Rs. 87,000 crore, under IT lens

After the Prime Minister Narendra Modi's 50-day trouble period has ended, reports have said that deposits in Jan Dhan account have more than doubled to Rs. 87,000 crore in 45 days post-demonetisation.

This has led to tax department to “dissect” information of such deposits. Besides, the tax department also has data on small cash deposits between Rs.30,000-50,000 made in 4.86 lakh accounts totaling to Rs. 2,000 crore.


It is to be noted that between November 10 and December 23, 2016, the total deposits reported were Rs. 41,523 crore in 48 lakh accounts. Adding this to the total deposits of Rs. 45,637 crore as on November 9, takes the aggregate amount in Jan Dhan accounts to over Rs. 87,100 crore.

“All these information are being dissected. If money deposited in these accounts belong to some other persons, necessary action will be taken at an appropriate time,” the official said.

The official further said that inflows of funds into Jan Dhan accounts was the highest in the first week after demonetisation at Rs.20,224 crore, but after that the deposits went down substantially.

“The inflow of funds in the accounts after the first two weeks was below Rs.5,000 crore a week and then it reduced to about Rs. 1,000 crore per week,” the official said.