Contact us
Account inactivity in India—is there a problem?
MSC dispels some myths on the issue of high account dormancy in India compared to other countries.
Download Resource
1 min
Jan 27, 2023 by Akhand Tiwari and Graham Wright
Findex reports that account inactivity in India stands at 35%. While many experts presume it is because of the number of PMJDY accounts, the reasons could include other factors. The reported dormancy in PMJDY is 17%. In this note, the authors discuss potential reasons for account dormancy and advocate a shift in our approach to financial inclusion.
Leave Comments