Many of the inactive Jan Dhan accounts are seeing sudden cash deposits post demonetization. Reports are coming from Malda district in West Bengal, where, huge cash is being deposited in dormant accounts. These accounts which had no transactions or deposits earlier, now have Rs.49000/- to Rs.3 lakhs. This include accounts of beggars, farmers to students.
Malda district in West Bengal is widely known as the hub of Fake Indian Currency Note in India.The area is also a hub for black money hoaders. Rich traders in this area are using the bank accounts of these poor families to deposit huge tranche of cash. In return, they are being given Rs 2,000/3,000 in exchange of their bank account where the traders want to put in their cash.
Public sector banks in the area have put up notices cautioning customers to not allow others to use their accounts for the purpose. Also, people are being cautioned against such practices which may create problems for them in future.
Similar news have also come from Agra. Accounts opened at the time of jan dhan yojana but not used so far have overnight flushed with funds. Many such accounts, which have seen no transactions till nov 8, now have upto Rs.49000/-, the upper limit of cash that can be deposited without PAN. According to bank officials, many account holders are possibly being exploited by middlemen or rich to lend their accounts to park black money.
Black marketers are not letting any stone unturned to convert their money to white and exploiting people which is a matter of concern.
