RBI cautions banks while openinig accounts under Jan Dhan Yojana scheme

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RBI cautions banks while openinig accounts under Jan Dhan Yojana scheme

The RBI warned the banks to be more careful while opening accounts under the Jan- Dhan Yojana, saying that a single individual could open multiple accounts in the lure of Rs 1 lakh insurance cover. The banks should have a single information sharing system by this it is possible in misuse could be stopped.

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