1. Demonetisation: Rs 21,000 cr deposited in Jan Dhan accounts; max from West Bengal, Karnataka

Demonetisation: Rs 21,000 cr deposited in Jan Dhan accounts; max from West Bengal, Karnataka

Earlier, the government had issued a warning to Jan Dhan account holders — 24 crore at the last count — to desist from being used to deposit illicit cash in their accounts.

By: | New Delhi | Updated: November 23, 2016 4:41 PM
jan dhan account deposits, jan dhan account deposits, jan dhan account holders, jan dhan account holder misuses Earlier, the government had issued a warning to Jan Dhan account holders — 24 crore at the last count — to desist from being used to deposit illicit cash in their accounts. (PTI)

A whopping Rs 21,000 crores have been deposited in Jan Dhan accounts since the implementation of Centre’s demonetisation drive, new agency ANI reported quoting sources. It added that maximum amount of money has come from the states of Karnataka and West Bengal. Meanwhile, India Today television reported that these accounts are under scrutiny. Earlier, the government had issued a warning to Jan Dhan account holders — 24 crore at the last count — to desist from being used to deposit illicit cash in their accounts. Centre has already asked banks to monitor such no-frill accounts that have seen around Rs 49,000 cash deposits after demonetisation kicked in. The maximum deposit limit in such accounts is R50,000.

In a caution issued to Jan Dhan account holders, housewives and artisans, the govt had said that they will be prosecuted under the I-T Act for allowing misuse of their bank accounts through deposit of black money in Rs 500/1,000 notes during the 50-day time frame till December 30.

The government had issued the directive after the reports of hoarders using other persons’ bank accounts to convert their black money into new denomination notes. It was reported that even rewards are being given to account holders for allowing such misuse. The government had earlier said deposits up to Rs 2.50 lakh in bank accounts would not come under tax scrutiny as it is within the tax exemption limit. However, in the case of Jan Dhan account, the holder can deposit up to Rs 50,000.

  1. R
    rama
    Nov 23, 2016 at 3:54 pm
    this is the reason of cry from mumtaz begum & sultan raul ...?
    Reply
  2. K
    Keerthi Kumar
    Nov 28, 2016 at 8:25 am
    OK now it is accounted, those who have black money they donated to have not
    Reply
  3. V
    Vijay shankar
    Nov 23, 2016 at 12:35 pm
    Nice
    Reply
  4. P
    Padaved Subramaniam
    Nov 23, 2016 at 11:53 am
    what is the use of demonetisation??? Govt have overlooked such deposit being done to Jan Dan accounts. Most of the account holders would have drawn part of the deposited Black money. Honest citizen feels that he has been taken for a ride by inadequate govt policy and the BM holders.
    Reply

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