India Has Nearly Banked Every Village; Now It Must Make Access Work
Officials said 6,00,868 of 6,01,328 inhabited villages now have a bank branch, Business Correspondent or India Post Payments Bank centre nearby.
- On Monday, the Ministry of Finance announced India has achieved near-universal banking coverage, with 99.92% of inhabited villages served by a banking outlet within a 5-km radius.
- Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha that 600,868 of 601,328 inhabited villages are covered through bank branches, Business Correspondents, or India Post Payments Bank centres.
- As of July 17, 2026, the Pradhan Mantri Jan-Dhan Yojana held 58.77 crore accounts with a combined balance of Rs 3,12,414 crore, driving this expansion.
- Securing this network, the Reserve Bank of India implemented digital payment security controls and launched the AI-based 'MuleHunter' tool to identify suspicious money mule accounts.
- Beyond proximity, future inclusion metrics will prioritize account activity and outlet reliability over simple coverage percentages, as authorities ensure citizens can effectively use financial services.
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India achieves near-universal banking coverage
New Delhi: India has achieved near-universal banking coverage, with 99.92 per cent of inhabited villages 6,00,868 out of 6,01,328 now having access to a banking outlet within a five-kilometre radius, the Government informed the Lok Sabha. According to data uploaded by banks on the Jan Dhan Darshak (JDD) App, the expansion has been made possible through an extensive banking network comprising over 1.81 lakh bank branches, 17.36 lakh Business Corr…
India Has Nearly Banked Every Village; Now It Must Make Access Work
India has brought formal banking within five kilometres of nearly every inhabited village, marking a major advance in financial access. But the real test now is whether that reach translates into active accounts, timely rural credit and a digital banking system people can trust.
India achieves near-universal banking coverage, 99.92% of inhabited villages served: Finance Ministry - The Tribune
India has achieved near-universal banking coverage, with 99.92 per cent of inhabited villages now served by a banking outlet within a 5-km radius, the Ministry of Finance said on Monday.
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LatestlyIndia achieves near-universal banking coverage, 99.92% of inhabited villages served: Finance Ministry
India has achieved near-universal banking coverage, with 99.92 per cent of inhabited villages now served by a banking outlet within a 5-km radius, the Ministry of Finance said on Monday.
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