Pradhan Mantri Jan Dhan Yojana: Under PMJDY zero balance account can be opened by individuals. However, in case individuals would like to have access to the cheque facility, maintenance of a minimum balance is mandatory. No charges will be levied on the individual to open an account under the PMJDY scheme.
Pradhan Mantri Jan Dhan Yojana
| Interest Rate | Based on the saving’s account interest rate offered by the bank |
| Minimum Balance | Zero balance account |
| Accidental Insurance Cover | Under Rupay Scheme, Rs.1 lakh. Accounts opened after 28 August 2018, Rs.2 lakh |
| Overdraft Facility | Provided |
Benefits
- This account does not require you to maintain any minimum balance.
- With this scheme, insurance coverage of up to Rs. 2,00,000 is provided to account holders.
- PMJDY account allows easy money transfers across India.
- This scheme also offers life cover of Rs.30,000 to eligible applicants. This sum is payable in the case of the account holder’s unfortunate demise.
- This scheme has Direct Benefit Transfer (DBT) enabled.
- This scheme also has an overdraft facility available after six months of active account operation.
- The account holder can also access other financial products like pensions and insurance with this scheme
- This scheme also offers an overdraft facility of up to Rs.10,000 to eligible account holders.
- Moreover, accident insurance coverage of Rs.1 lakh is provided to PMJDY account holders with a RuPay card. For accounts opened after 28 August 2018, the coverage is enhanced to ₹2 lakh.
Eligibility
- You must be citizen of India
- You should be at least 10 years of age
- You should not have a bank account
Pradhan Mantri Jan Dhan Yojana: Documents required
- Permanent Account Number (PAN) Card
- Aadhaar
- The National Rural Employment Guarantee Act (NREGA) issued job card.
- Driving licence
- Voter ID
- Identity card with photo which has been issued by the central or state government departments, public sector undertakings, scheduled commercial banks, public financial institutions and statutory or regulatory authorities.
- A photograph which has been attested along with a letter from a Gazetted officer must be submitted.
How to open a Jan Dhan Yojana Account?
To open a Jan Dhan Yojana Account, you need to get the application form, that is available in both English and Hindi and is available on the official website of PMJDY (https://www.pmjdy.gov.in/scheme). Fill it up and submit it along with the necessary documents.
Sukanya Samriddhi Yojana: Will you get 74 lakh rupees under Sukanya Samriddhi Yojana?
Vidhva Sahay Yojana 2024:Women will get a pension of Rs. 1250 per month
Bombay Mercantile Co-operative Bank Recruitment 2024
The application form is called the financial inclusion account opening form. It consists of three sections where in you need to provide details of yourself, nominee and the bank where the account is being opened.
Pradhan Mantri Jan Dhan Yojana: Private Sector Banks
- Dhanalaxmi Bank Ltd.
- YES Bank Ltd.
- Kotak Mahindra Bank Ltd.
- Karnataka Bank Ltd.
- ING Vysya Bank Ltd.
- IndusInd Bank Ltd.
- Federal Bank Ltd.
- HDFC Bank Ltd.
- Axis Bank Ltd.
- ICICI Bank Ltd.
Pradhan Mantri Jan Dhan Yojana:Public Sector Banks:
- Union Bank of India
- Punjab & Sind Bank
- Central Bank of India
- Punjab National Bank (PNB)
- Indian Bank
- IDBI Bank
- Corporation Bank
- Canara Bank
- Bank of India (BoI)
- Bank of Maharashtra
- Bank of Baroda (BoB)
- State Bank of India (SBI)