Private banks’ inoperative PMJDY accounts rise to 8.95 million

As of 23 September 2026, private banks had 8.95 million inactive Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts. That's up by 1.06 million, or 13.43%, from the previous year, based on government data.

HDFC Bank saw its inactive accounts rise sharply by 94% to 1.03 million. Kotak Mahindra Bank followed with a 59% increase, reaching 620,000. Among listed private banks, ICICI Bank had the highest share of inactive accounts at 62%, totaling 3.46 million.

All public and private sector banks together, including sponsored regional rural banks, reported 154.17 million inactive PMJDY accounts. This is higher than the 150.62 million recorded a year ago. Public sector banks alone showed a modest rise of 1.7%, bringing their count to 145.22 million.

The Reserve Bank of India labels an account as inactive if there are no customer-initiated transactions for over two years.