Deposits in Jan Dhan Accounts Not Alarming - Income Tax Department
THE Income Tax Department yesterday tweeted:
1. There has been considerable decrease in inflow of funds in Jan Dhan Accounts after Government alerted people against allowing misuse of Accounts
2. In the 1st week after demonetisation was announced, (8th-15th Nov,2016), total deposits received in Jan Dhan Accounts was Rs. 20,206 crores.
3. On the 1st & 2nd December, 2016, the inflow into Jan Dhan Accounts has been reduced to Rs. 410 crores and Rs. 389 crores respectively.
4. Average per Account deposit in Jan Dhan Accounts is Rs.13,113 from 8th Nov to 2nd Dec which is not alarming, given the need to bring all cash to banks.
5. To investigate deposits in Jan Dhan Accounts belonging to others,Department has identified local clusters/banks where inflow of deposits was abnormal.