PRADHAN MANTRI JHAN DHAN YOJANA like emoticon like emoticon Introduction Objective of Pradhan Mantri Jan-Dhan Yojana (PMJDY) is ensuring access to various financial services like availability of basic savings bank account, access to need based credit, remittances facility, insurance and pension to the excluded sections i.e. weaker sections & low income groups. This deep penetration at affordable cost is possible only with effective use of technology. Honble Prime Minister, Sh. Narendra Modi on 15 August, 2014 announced Pradhan Mantri Jan-Dhan Yojana (PMJDY) which is a National Mission for Financial Inclusion. Scheme Details 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 Mitr) 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. Special Benefits under PMJDY Scheme a. Interest on deposit. b. Accidental insurance cover of Rs.1.00 lac c. No minimum balance required. d. Life insurance cover of Rs.30,000/- e. Easy Transfer of money across India f. Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts. g. After satisfactory operation of the account for 6 months, an overdraft facility will be permitted h. Access to Pension, insurance products. i. Accidental Insurance Cover, RuPay Debit Card must be used at least once in 45 days. j. Overdraft facility upto Rs.5000/- is available in only one account per household, preferably lady of the household.
Posted on: Mon, 26 Jan 2015 11:34:00 +0000
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