Home/ News / India/  Money transfered into 20.5 crore women Jan Dhan account safe, says FinMin

NEW DELHI : Money transferred to women Jan Dhan accounts is safe and an account holder can withdraw it any time, the Finance Ministry said on Monday while rubbishing rumours that it will be taken back if not withdrawn immediately.

Finance Minister Nirmala Sitharaman last month had announced that as many of 20.5 crore women Jan Dhan account holders will get 500 per month for next three months to run their households and deal with the hardships caused by the nation-wide lockdown. "We would like to assure that money deposited under the Jan Dhan accounts are safe. The account holder can withdraw the money from the bank branch or ATM at any time. Don't believe any rumour about the safety of the money," the Financial Services Secretary said in a late night tweet.

The rumour that money will not be taken back from accounts if not withdrawn immediately is completely baseless, the Finance Ministry said. Due to this rumour, some part of the country witnessed serpentine queue outside bank branches for withdrawal of the first installment under the relief package.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Updated: 14 Apr 2020, 07:31 AM IST
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