IN INDIA JUST 69% MEMBERS HAVING BANK ACCOUNTS

 

Mumbai, April 20, (globelmedianews.com):
Do you know the number of people who do not have bank accounts in India? 19 crore. The World Bank released the latest data on the issue. Prime Minister Narendra Modi's 'Jhan Dhon Yojana' scheme has been successful with the intention of bank accounts for all in the country, but the country is still not having bank account of 19 crore. The World Bank estimates that India has the largest number of bank accounts after China. By March 2018, 31 crore benefiting from 'Jan Dhan' accounts. But no half of them did not have any transactions. In 2011, the number of adults with bank accounts increased by almost 80 per cent.


IN INDIA JUST 69% MEMBERS HAVING BANK ACCOUNTS

According to International Monetary Fund and World Bank estimates, there are 11 per cent of Indians in the world without bank accounts. In India as an overwhelming majority, 69 per cent of people have bank accounts. About 3.8 billion people use direct and indirect banking services. 62 percent in 2014 and 51 percent in 2011 with bank accounts. Between 2014 and 17, however, nearly 51.5 million new bank accounts were received. According to the World Bank, China has the highest number of bank accounts in the world. About 22.5 crore people in China do not have bank accounts. After 19 crore people in India ... 10 crore people in Pakistan and 9.5 crore bank accounts in Indonesia. The World Bank said that the Modi government is trying to increase its interest in biometric identification cards. The number of adults with bank accounts in the country has doubled since 2014 due to government policies and technologies. But most of those accounts are not used. Digital technology has been very helpful for people to pay cash in the economy, which has increased from 23% to 70% in South Asia.

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