when did the tax free savings account start
Tax-Free Savings Account The first Tax-Free Savings Account was introduced by Jim Flaherty, then Canadian federal Minister of Finance, in the 2008 federal budget. It came into effect on January 1, 2009.[2]
Pradhan Mantri Jan Dhan Yojana Run by Department of Financial Services, Ministry of Finance, on the inauguration day, 1.5 Crore (15 million) bank accounts were opened under this scheme.[2][3] Guinness World Records Recognises the Achievements made under PMJDY, Guinness World Records Certificate says "The most bank accounts opened in 1 week as a part of financial inclusion campaign is 18,096,130 and was achieved by Banks in India from 23 to 29 August 2014". By 7 February 2018, over 31 crore (310 million) bank accounts were opened and over â‚¹745 billion (US$12 billion) were deposited under the scheme.[4]