The Reserve Bank of India, in its Report on Currency and Finance released on June 29, 2024, noted, "India's financial inclusion initiatives received a fillip when PMJDY was launched in 2014… The digital technological revolution widened the usability of bank accounts from a traditional deposit or credit account to a payment intermediary. As per the World Bank's Findex database, 78 per cent of Indian adults (population with 15 years or more of age) had a bank account in 2021 as compared to 53 per cent in 2014."