PMJDY
Pradhan Mantri Jan-Dhan
Yojana (PMJDY)
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National
Mission for Financial Inclusion to ensure access to financial services, namely,
Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension
in an affordable manner.
Account can be opened in any bank branch or Business
Correspondent (Bank Mitra) outlet. PMJDY accounts are being opened with Zero
balance. However, if the account-holder wishes to get cheque book, he/she will
have to fulfill minimum balance criteria.
Documents required to open an account under Pradhan
Mantri Jan-Dhan Yojana
1) 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.
2) 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?.
3) 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:
4) 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;
5) Letter issued by a gazette
officer, with a duly attested photograph of the person.
Special Benefits under
PMJDY Scheme
1) Interest on deposit.
2) Accidental insurance cover
of Rs. 1 lac
3) No minimum balance
required.
4) The scheme provide life
cover of Rs. 30,000/- payable on death of the beneficiary, subject to
fulfillment of the eligibility condition.
5) Easy Transfer of money
across India
6) Beneficiaries of Government
Schemes will get Direct Benefit Transfer in these accounts.
7) After satisfactory
operation of the account for 6 months, an overdraft facility will be permitted
8) Access to Pension,
insurance products.
9) 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 customer induced
transaction at any Bank Branch, Bank Mitra, ATM, POS, E-COM etc. Channel both
Intra and Inter-bank i.e. on-us (Bank Customer/rupay card holder transacting at
same Bank channels) and off-us (Bank Customer/Rupay card holder transacting at
other Bank Channels) within 90 days prior to date of accident including
accident date will be included as eligible transactions under the Rupay Insurance
Program 2016-2017.
10)
Overdraft
facility upto Rs.5000/- is available in only one account per household,
preferably lady of the household.