Meanwhile, state-owned SBINSE 2.60 %, which has the highest number of PMJDY accounts, asked the beneficiaries not to believe in rumours that the money will be taken away by the government if not withdrawn amid large numbers of people flocking banks.
The Department of Financial Services (DFS) in a tweet said the government has deposited Rs 500 in the PMJDY accounts held by women for April and beneficiaries could withdraw it “any time”.
“This amount (Rs 500) has reached your bank account and you can withdraw it any time,” it said, and added Rs 500 will also be deposited during May as well in June.
State Bank of India (SBI) further said, “We would like to assure our customers that the funds in your account will not be blocked or returned to the government.”
The country’s largest lender also asked the PMJDY account holders to withdraw money at their convenience anytime.