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Jan Dhan Yojana: Banks across India have launched a massive re-KYC campaign aimed at ensuring continued access to financial services for crores of account holders.
PMJDY, one of the world’s largest financial inclusion initiatives, currently has over 54.58 crore beneficiaries. (india.gov.in)
Jan Dhan Yojana Accounts Re-KYC: As the Pradhan Mantri Jan-Dhan Yojana (PMJDY) marks its 10-year milestone, banks across India have launched a massive re-KYC campaign aimed at ensuring continued access to financial services for crores of account holders. The campaign, which began on July 1 and will run through September 30, 2025, is being conducted at the gram panchayat level to facilitate doorstep services for rural and unbanked populations.
The Reserve Bank of India (RBI) and public sector banks are leading the efforts to update Know Your Customer (KYC) details for Jan Dhan accounts that are now due for periodic renewal. The initiative also focuses on expanding access to micro-insurance and pension schemes and addressing customer grievances.
“As Jan-Dhan Scheme completes 10 years, a large number of accounts have fallen due for re-KYC,” said RBI Governor Sanjay Malhotra in a statement on Wednesday. “The banks are organising camps at Panchayat level from 1st July to 30th September, in an endeavour to provide services at customer doorsteps. Apart from opening new bank accounts and re-KYC, the camps will focus on micro insurance and pension schemes for financial inclusion and customer grievance redress.”
The move comes amid regulatory requirements mandating periodic KYC updates every 10 years to keep account information current and compliant with anti-money laundering norms. Re-KYC, or Periodic Updation of KYC, is a process through which customers confirm or update their personal details, including address and identity documents, with their bank. Failure to complete re-KYC could lead to restricted account operations or temporary deactivation.
Prime Minister Narendra Modi, speaking on the scheme’s anniversary on August 2, 2025, highlighted its wide-reaching impact. “Under the Jan Dhan Yojana, 55 crore bank accounts have been opened for the poor across the country,” he said. “To fulfill the 10-year re-KYC requirement, a nationwide campaign has been launched. Banks are reaching every gram panchayat, and camps have already been set up in nearly one lakh panchayats. I urge every Jan Dhan account holder to complete their KYC process without delay.”
What is re-KYC?
Re-KYC, or Periodic Updation of Know Your Customer, is the process of updating your personal and address information with your bank to ensure that your account details remain current. If your KYC is due for renewal or there have been any changes in your information, you are required to submit the updated details to comply with regulatory guidelines.
What is Pradhan Mantri Jan-Dhan Yojana (PMJDY)?
The Jan Dhan scheme, launched in August 2014, is a flagship financial inclusion programme aimed at ensuring that every household in India has access to a basic savings bank account. According to the official PMJDY portal, over 55 crore accounts have been opened under the scheme since its inception.
PMJDY accounts come with several benefits, including a zero-balance savings account, interest on deposits, a RuPay debit card with accident insurance coverage, and access to an overdraft facility of up to Rs 10,000. The accounts are also used to deliver subsidies and welfare payments under Direct Benefit Transfer (DBT) schemes.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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