Uttar Pradesh tops the list in deposits under the Jan-dhan account

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Published on 13 Dec 2016 11:28 AM GMT

Uttar Pradesh tops the list in deposits under the Jan-dhan account
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Uttar Pradesh tops the list in deposits under the Jan-dhan account
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Lucknow: Uttar Pradesh may lag behind others in some other areas but as far as the Jan- dhan account is concerned it holds number one position, both in terms of number and total deposits.

According to figures released by the finance ministry, there are 3. 8 lakh account holders in the state under the scheme who have deposited over Rs 12,000 crores . The ministry has given the numbers from the launching of the scheme to December 7 last. The number of accounts till that period was 3.8 crores.

This puts the state on the top of the list. The second position is held by West Bengal and the third by Rajasthan. The neighbouring state of Bihar has finished fourth.

In West Bengal only 2.44 crore accounts were opened till the first week of the month in which about Rs 9000 crores were deposited. Rajasthan on the other hand had 1.9 crore accounts and Rs 6000 crores as the total deposits.

The deposits in the accounts swelled after note-ban announced last month by Prime Minister Narendra Modi . It is evident from the fact that as much as additional Rs 28,000 crores were deposited in Jan-dhan accounts in about one month from the announcement of ban on November 8 midnight to December 7. The total money available in the account was Rs 75,000 crores.

The scheme was launched to encourage people to open bank accounts where subsidy and other benefits could be directly transferred. There was no need for the account holders to maintain any balance to keep the accounts operative.

All the zero-balance accounts in which large sums have been deposited after demonetisation are being scrutinised. Suspicion was aroused in the wake of reports that some black-money holders have used this scheme to convert their black-money into white.

The probe which is being held will only reveal how much money deposited in U P or any other state is black.

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