(PMJDY)) Pradhan Mantri Jan-Dhan Yojana 2024: Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, a basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner. Under the scheme, a basic savings bank deposit (BSBD) account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having any other account.
Pradhan Mantri Jan-Dhan Yojana 2025
| Name of the scheme | Pradhan Mantri Jan Dhan Yojana |
| Payment Process | Online |
| Name of Department | Ministry of Finance |
| Benefits Amount | Rs. 10,000 |
| Where to take profit | All Over India |
| Official Website | pmjdy.gov.in |
Benefits
- One basic savings bank account is opened for unbanked person
- There is no requirement to maintain any minimum balance in PMJDY accounts.
- Interest is earned on the deposit in PMJDY accounts.
- Rupay Debit card is provided to PMJDY account holder.
- Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28.8.2018) is available with RuPay card issued to the PMJDY account holders.
- PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development & Refinance Agency Bank (MUDRA) scheme.
- An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.
Who can benefit from Pradhan Mantri Jan-Dhan Yojana
- The age of the applicant should be above 10 years.
- A basic savings bank account is opened for a person without a bank account.
Documents Required
- If Aadhaar Card/Aadhaar number is available then no other document is required. If address has changed then self certification of current address is sufficient.
- If Aadhaar card is not available, then any one of the following Officially Valid Documents (OVD) will be required: Voter ID, Driving License, PAN Card, Passport and NREGA Card. If these documents also contain your address then it can work as both “Proof of Identity and Address”.
- If a person does not have the “valid government documents” mentioned above but is classified as ‘low risk’ by the bank, he/she can open a bank account by submitting any one of the following documents:
- Central/State Government Departments, Statutory/Regulatory Identity card bearing applicant’s photograph issued by authorities, public sector undertakings, scheduled commercial banks and public financial institutions;
- Letter issued by a Gazetted Officer along with duly attested photograph of the said person.
Important Links
