No direction given to banks to deactivate PM Jan Dhan Yojana accounts: DFS

The Department of Financial Services (DFS) has refuted claims of ordering banks to close inactive PM Jan Dhan Yojana accounts. Instead, a nationwide campaign has been initiated to promote Jan Dhan Yojana accounts and other welfare schemes. Banks will also conduct re-KYC for due accounts, with DFS actively monitoring inoperative accounts and encouraging banks to reactivate them.