Overview

• Pradhan Mantri Jan Dhan Yojana (PMJDY) is a 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 outlet.
• Accounts opened under PMJDY are being opened with Zero balance.

Benefits

• Interest on deposit.
• Accidental insurance cover of Rs. 1 lac for Rupay Card.
• No minimum balance required.
• The scheme provides life cover of Rs. 30,000/- for accounts opened between 15.08.2014 to 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 up to Rs.10000/- will be permitted.
• Access to Pension, insurance products.