Year wise aggregate balance in PMJDY accounts and the Monthly Average Balance

 Here is a clean, consolidated year-wise dataset of PMJDY (Pradhan Mantri Jan Dhan Yojana) focusing on:

• Aggregate deposits (₹ crore / lakh crore)

• Average balance per account (MAB / per-account deposit)

I’ve combined official government releases + PIB + compiled datasets to give you the closest consistent time series since launch (2014).

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📊 Year-wise PMJDY Deposits & Average Balance

📌 Phase 1–Growth Years (2015–2023 official compiled series)

Year (Aug)	Total Deposits (₹ crore)	Avg Balance per Account (₹)
2015	22,901	1,279
2016	42,094	1,747
2017	65,799	2,187
2018	82,039	2,521
2019	1,02,415	2,783
2020	1,30,086	3,219
2021	1,46,230	3,398
2022	1,73,954	3,761
2023	2,03,505	4,063

Source insight: Deposits increased ~13× between 2015–2023, while average balance grew ~3.8× (Press Information Bureau)

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📌 Recent Years (2024–2026 latest data)

Year	Total Deposits	Avg Balance
2024 (est.)	~2.3–2.4 lakh crore	~₹4,500–₹4,800
2025 (FY end)	~2.6 lakh crore	~₹4,700+
2026 (Feb)	₹2.95 lakh crore	₹5,110

Source: Latest financial data shows strong rise in both total balances and per-account deposits (The Financial Express)

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📌 Latest Snapshot (2026 official portal)

• Total deposits: ₹2.98 lakh crore (~₹298,221 crore)

• Accounts: ~57.8 crore
  → Confirms consistency with above trend (PMJDY)

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📈 Key Trends (Very Important Insights)

1. Exponential deposit growth

• ₹22k crore (2015) → ~₹3 lakh crore (2026)
  👉 ~13–14× increase

2. MAB steadily rising (critical signal)

• ₹1,279 → ₹5,100
  👉 Indicates:

• Shift from zero-balance accounts → active savings accounts

• Strong DBT (Direct Benefit Transfer) inflows

3. Growth phases

• 2014–17: Rapid account opening + demonetisation spike

• 2018–21: Stabilization + DBT integration

• 2022–26: Deepening usage (higher balances)

4. Structural shift

Originally:

• Many accounts were zero-balance

Now:

• Average > ₹5,000
  👉 Indicates real financial inclusion, not just account creation

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⚠️ Important Caveats (for your research)

• No single official year-wise time series published continuously
  → Data must be stitched from:

  • PIB reports

  • PMJDY portal snapshots

  • Parliamentary answers

• “MAB” is not formally reported as banking MAB
  → What we use is:
  👉 Average deposit per account = Total deposits / total accounts

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🧠 If you're doing deeper analysis

You can derive:

1. True MAB proxy

[
\text{Avg Balance} = \frac{\text{Total Deposits}}{\text{Accounts}}
]

2. Financial inclusion depth

Track:

• % zero-balance accounts

• DBT inflow share

• Rural vs urban balances

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👍 If you want next level insight

I can help you with:

• 📊 Full year-wise dataset in Excel format

• 📉 Graphs (growth, CAGR, per-account trend)

• 🔍 Correlation with:

  • DBT transfers

  • UPI adoption

  • Cash-to-GDP ratio (your earlier question!)

Just tell me 👍

Graphs Please: