After taking a historic decision of Currency Ban on November 8, 2016, the government has deposited Rs. 21,000 in Pradhan Mantri Jan Dhan Yojana Accounts. Actually, this amount has been deposited after the announcement of Currency Ban.
According to the Sources, the finance ministry said on Wednesday, most of the amount has been deposited in Jan Dhan Yojana Accounts of West Bengal people.
In order to add each family bank account with Pradhan Mantri Jan Dhan Yojana, around 24 crore bank accounts had been opened. Besides this, the finance minister Arun Jetli informed that if any person will give permission to use his account to make white black money of other people, in this case, the account holders will have to phase action.
In this regard, the ministry has also said if Jan Dhan Yojana Account shows extra money which does not belong to the account holder. In this case, the account holder will be punished under Income Tax evasion and he will have to pay tax with the fine. Before this, all banks have been directed not to submit 500 and 1000 notes in small saving schemes according to the situation.
In a notification, RBI said that the government has not given permission to accept the old note from the customers in small saving schemes. So bank was directed not accept old notes in small saving schemes.
Small savings schemes such as Public Provident Fund (PPF), Post Office Savings Schemes, National Savings Certificates (NSC), Senior Citizen Saving Scheme (SCSS) Account and Kisan Vikas Patra (KVP) are included.
News Source: http://www.livehindustan.com/news/national/article1–rs-21000-crore-deposited-in-jan-dhan-accounts-west-bengal-biggest-contributor-609535.html