Pradhan Mantri Jan Dhan Yojana (PMJDY): Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission for financial inclusion to ensure access to financial services, namely, banking/ savings and deposit accounts, remittance, credit, insurance, pension in an affordable manner. Account can be opened in any bank branch or business correspondent (Bank Mitr) outlet. PMJDY accounts are being opened with zero balance.
Pradhan Mantri Jan-Dhan Yojana :
Jan-Dhan Account To Open Just Look For This Documents Under the scheme, accounts of the country’s poor can be opened at zero balance in banks, post offices and national banks.
Customers get 11 benefits in an account opened according to PMJD. Know that you get many features in this plan. How to open an account with what documents. The thing to note is that with this account they will get the benefit of the features which will be linked to the account base
The Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a scheme introduced by the government in 2014. It aimed to ease banking services and make it accessible to the people. Axis Bank in-line with this initiative has introduced a savings account adhering to the policies of Pradhan Mantri Jan-Dhan Yojana. Some of the Pradhan Mantri Jan-Dhan Yojana benefits include simplified access to all privileges under the scheme and no minimum balance requirements.
- It is a zero-balance savings account.
- Hassle-free “small savings account” opening for those without valid government documents.
- Insurance benefits up to Rs. 1 lakh.
- Instant issue of ATM card and 4 free withdrawals at other Nationalised Bank ATMs.
- Convenient banking with online banking and mobile banking on the go.
- 47.45 Crore beneficiaries banked so far
- ₹177,269.42 Crore Balance in
- beneficiary accounts
- 6.55 lakh Bank Mitras delivering branchless
- banking services in the Country
- and Counting…
Pradhan Mantri Jan Dhan Yojana : Benefits
- Interest on deposit.
- No minimum balance required.
Pradhan Mantri Jan Dhan Yojana : Features
- BSBD account holder should not be maintaining any other savings bank account with any bank/branch to ensure compliance with RBI directives
- Accidental insurance cover of Rs. 1 Lakh under Rupay Scheme and for accounts opened after 28/08/2018 accidental Insurance Cover is of Rs. 2 lakhs
- The scheme provide life cover of Rs. 30,000 payable on death of the beneficiary, subject to fulfilment of the eligibility condition i.e. accounts opened between 15/08/2014 – 31/01/2015
- Easy transfer of money across India
- Beneficiaries of Government schemes will get direct benefit transfer in these accounts
- After satisfactory operation of the account for 6 months, an overdraft facility will be permitted
- Access to pension, insurance products
- The claim under personal accidental insurance under PMJDY shall be payable if the Rupay card holder have performed minimum one successful financial or non-financial transaction at any of bank’s Channel both Intra and Inter – bank i.e. on-us (ATM/ Micro-ATM/ POS/ Business Correspondent of the bank at locations by any payment instrument) within 90 days prior to date of accident including accident date of RuPay PMJDY Cardholders or off us (same bank channels – Bank Customer /RuPay cardholder transactions at other bank channels).
- Overdraft facility up to Rs. 10,000 is available in only one account per household, preferably lady of the household subject to eligibility and overdraft for Rs. 2000 is hassle-free
Pradhan Mantri Jan Dhan Yojana : Documents Required :
Documents required to open an account under Pradhan Mantri Jan-Dhan Yojana:
- If Aadhaar Card/Aadhaar Number is available, then no other documents is required. If address has changed, then a self-certification of current address is sufficient.
If Aadhaar Card is not available, then any one of the following officially valid documents (OVD) is required: Voter ID card, driving license, PAN card, passport & NREGA Card. If these documents also contain your address, it can serve both as proof of identity and address.
If a person does not have any of the ‘officially valid documents’ mentioned above, but it is categorized as low risk by the banks, then he/she can open a bank account by submitting any one of the following documents:
– Identity Card with applicant’s photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks and Public Financial Institutions;
– Letter issued by a gazette officer, with a duly attested photograph of the person. - These documents must open a PMJD account
- aadhar card / Passport / Driving license/ PAN card / Election card / NREGA Job Card.
- Authority letter, containing name, address and Aadhaar number
Attached letter with photo issued by the Gazetted Officer
Pradhan Mantri Jan Dhan Yojana : Most Important Terms and Conditions (MITC):
- BSBD account, which is operated satisfactorily for at least six months.
- OD to be granted to the earning individual of the family subject to only one member from a family can be granted limit.
- There should be regular credits under DBT/DBTL scheme/other verified sources.
- BSBD account holder should not be maintaining any other savings bank account with any bank/branch to ensure compliance with RBI directives
- Age of applicant between 18 years to 65 years.
- Minor i.e. customer below the age of 18 years are not eligible for OD under PMJDY.
- KCC/GCC borrower is not eligible for PMJDY OD.
- Minimum OD amount Rs, 2,000/- without any assessment subject to fulfilling the above eligibility criteria For amount beyond Rs.2000/-, eligible amount for overdraft is 4 times of average balance of preceding six months or 50% of credit summation in the preceding six months or Rs. 10,000 whichever is lower.
Dedicated Toll free no. for Pradhan Mantri Jan Dhan Yojana (PMJDY) customers and other Financial Inclusion scheme: 18001027788
How to Apply Online Pradhan Mantri Jan Dhan Yojana – open a new account
1.This work will have to be done to open a new account
If you want to open a new Jandhan account, you can easily do this by going to the nearest bank. For this you have to fill a form in the bank. It will have to disclose the name, phone number, name of the bank branch, address of the applicant, nominee, number of dependents along with occupation and employment, SSA code, village code and city code
2.This is how to create a Jandhan account from an old account
If you have an old bank account, it is easy to change it to Jandhan account. For this you have to go to the bank branch and apply for the Rupee card. Your bank account will be transferred to Jandhan Yojana as soon as a form is filled.
3. These are the benefits of Jandhan account
● Overdraft facility after 6 months.
● Accidental insurance cover up to Rs 2 lakh.
● Life cover up to Rs. 30,000 which is available on the death of the beneficiary on fulfillment of eligibility conditions.
● Interest is earned on the deposit.
● Free mobile banking facility is provided with the account.
● A debit card is issued to the Jandhan account holder in the form of which he can withdraw money or even make a purchase.
● It is easy to buy insurance, pension products with the help of Jandhan account.
● If there is a Jandhan account, then an account can be opened for pension in schemes like PM Kisan and Shramyogi Mandhan.
● Rupee transfer facility will be available across the country.
● The benefit of the government scheme will go directly into the account
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Pmjdy.gov.in Official Website:- Click Here
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Pradhan Mantri Jan Dhan Yojana Apply Now Click Here ( Bank Of Baroda )
This Scheme is An Bank Account Opening Scheme Which Started By Indian Government For Mostly Rural Areas. All information Related Eligibility, Criteria, Apply Process, Complete Process For How To Take Benifts Of Scheme Step By Step Guide Full Information Provided In This Application
Contact Us :
- 011-23361571,011-23748738
- missionfi[at]nic[dot]in
- https://pmjdy.gov.in/
- Working Hour
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Address: Pradhan Mantri Jan Dhan Yojana, Department of Financial Services, Ministry of Finance, Room No. 106, 2nd Floor, JeevanDeep Building, Parliament Street, New Delhi – 110001