The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, is a national mission by the Government of India to ensure financial inclusion for all. It aims to provide a basic savings bank deposit account (BSBD) to every unbanked household in the country.
Benefits of a PMJDY Account
- Zero-balance Account: There is no minimum balance requirement to maintain the account.
- RuPay Debit Card: Account holders receive a RuPay debit card for safe and convenient access to their funds.
- Accidental Insurance Cover: The scheme offers accidental death insurance cover of Rs. 1 lakh and permanent disability cover of Rs. 2 lakh.
- Overdraft Facility: Over a certain period of satisfactory account operation, account holders may become eligible for an overdraft facility.
- Government Benefits: Many government benefits are now directly transferred to PMJDY accounts, ensuring transparency and faster access to funds.
Eligibility for a PMJDY Account
- Citizenship: The scheme is open to all Indian citizens.
- Age: Individuals aged 10 years and above can apply.
- Existing Account: You can only have one PMJDY account. If you already have a bank account, you are not eligible for a new one under PMJDY.
How to Apply for a PMJDY Account
- Visit a Bank Branch or Business Correspondent: You can visit any bank branch or a Business Correspondent (Bank Mitra) outlet in your area.
- Documents Required: Generally, you will need minimal documentation such as Aadhaar card, address proof, and two passport-sized photographs.
- Fill the Application Form: The bank or Bank Mitra will assist you in filling out the application form.
- Verification and Account Opening: Bank officials will verify your documents and open your PMJDY account. You will receive your RuPay debit card within a few days.
Additional Information
- PMJDY accounts are completely free. There are no charges for opening or maintaining the account.
- You can deposit and withdraw money at your bank branch or any ATM using your RuPay debit card.
- For more details and any account related queries, visit the official PMJDY website (https://pmjdy.gov.in/) or contact your nearest bank branch.
By opening a PMJDY account, you take a step towards financial inclusion and gain access to essential banking services. It’s a secure and convenient way to manage your money and receive government benefits directly.
