Neighbouring countries like Bangladesh and Pakistan, are far behind with just 36 per cent and 7 per cent share in account ownership by women, respectively.
The report, however, pointed out that some accounts are still inactive.
MSC Group Managing Director Graham A N Wright said that there is need to understand the complex gender issues that often limit the use of these accounts.
PMJDY, launched on August 27, 2014, by Prime Minister Narendra Modi, was aimed at providing financial services to the poor.
These included opening bank accounts for the poor, giving them electronic means of payment (via RuPay cards), and placing them in a position to avail themselves of credit and insurance.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.