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Posted at: Sep 13, 2018, 12:15 AM; last updated: Sep 13, 2018, 12:15 AM (IST)

Reveal Jan Dhan deposits during DeMo, RBI told

New Delhi, September 12

The Central Information Commission (CIC) has directed the RBI to disclose the amount deposited in Jan Dhan accounts of various banks in the form of demonetised currency.

Launched in August 2014, the Pradhan Mantri Jan-Dhan Yojana is a national mission for financial inclusion to ensure access to financial services — banking or savings and deposit accounts, remittance, credit, insurance, pension in banks.

Jan Dhan accounts had come into focus after demonetisation on November 8, 2016, when the deposits witnessed a meteoric rise, touching an approximate Rs 80,000 crore in April this year.

Information Commissioner Sudhir Bhargava ordered the RBI to disclose details of demonetised currency deposited in Jan Dhan accounts to activist Subhash Agrawal, who has also demanded some other details related to demonetisation.

Bhargava directed the RBI that in case the information was not available with it, the bankers’ bank will file “an affidavit with the commission” disposing that no record related to the information sought were available with it.

The commission also directed the respondent to provide information on the total amount of demonetised currency notes exchanged with new notes. 

Agrawal had filed an RTI application with the RBI, seeking details related to the note ban, complaints against bankers, and the total quantum of demonetised currency exchanged by people. Not getting any information from the RBI, he move the commission. — PTI

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