Money transferred into women's Jan Dhan accounts is safe; will not be withdrawn, says Finmin

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withdraw it any time, the Finance Ministry said on Monday while rubbishing rumours that it will be taken back if not withdrawn immediately.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 Rs 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The rumour that money will not be taken back from accounts if not withdrawn immediately is completely baseless, the Finance Ministry said.

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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.