India’s Department of Financial Services said it has issued no directive to banks to close inactive Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, contradicting earlier media reports. Banks have only been asked to monitor dormant accounts and contact customers to reactivate them, the Finance Ministry clarified on 8 July. The statement comes as the ministry’s nationwide Financial Inclusion Saturation Campaign, launched on 1 July, reported that roughly 140,000 new PMJDY accounts were opened in the first two weeks. Officials said 43,447 outreach camps were organised during the period, and more than 540,000 people were newly enrolled in three Jan Suraksha insurance and pension schemes. The drive aims to curb account dormancy highlighted in the World Bank’s Global Findex 2025 report, which shows that 89 % of Indian adults now own a financial account, but 16 % of those accounts remained unused over the past year—more than twice the global average. Authorities plan to pair expanded access with financial-literacy efforts to boost regular usage.