{"id":2133,"date":"2024-07-11T07:08:15","date_gmt":"2024-07-11T07:08:15","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=2133"},"modified":"2026-03-02T19:20:46","modified_gmt":"2026-03-02T19:20:46","slug":"pradhan-mantri-jan-dhan-yojana","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/07\/11\/pradhan-mantri-jan-dhan-yojana\/","title":{"rendered":"Pradhan Mantri Jan Dhan Yojana (PMJDY)"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<p><strong>Benefits of a PMJDY Account<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Zero-balance Account:<\/strong> There is no minimum balance requirement to maintain the account.<\/li><li><strong>RuPay Debit Card:<\/strong> Account holders receive a RuPay debit card for safe and convenient access to their funds.<\/li><li><strong>Accidental Insurance Cover:<\/strong> The scheme offers accidental death insurance cover of Rs. 1 lakh and permanent disability cover of Rs. 2 lakh.<\/li><li><strong>Overdraft Facility:<\/strong> Over a certain period of satisfactory account operation, account holders may become eligible for an overdraft facility.<\/li><li><strong>Government Benefits:<\/strong> Many government benefits are now directly transferred to PMJDY accounts, ensuring transparency and faster access to funds.<\/li><\/ul>\n\n\n\n<p><strong>Eligibility for a PMJDY Account<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Citizenship:<\/strong> The scheme is open to all Indian citizens.<\/li><li><strong>Age:<\/strong> Individuals aged 10 years and above can apply.<\/li><li><strong>Existing Account:<\/strong> You can only have one PMJDY account. If you already have a bank account, you are not eligible for a new one under PMJDY.<\/li><\/ul>\n\n\n\n<p><strong>How to Apply for a PMJDY Account<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Visit a Bank Branch or Business Correspondent:<\/strong> You can visit any bank branch or a Business Correspondent (Bank Mitra) outlet in your area.<\/li><li><strong>Documents Required:<\/strong> Generally, you will need minimal documentation such as Aadhaar card, address proof, and two passport-sized photographs.<\/li><li><strong>Fill the Application Form:<\/strong> The bank or Bank Mitra will assist you in filling out the application form.<\/li><li><strong>Verification and Account Opening:<\/strong> Bank officials will verify your documents and open your PMJDY account. You will receive your RuPay debit card within a few days.<\/li><\/ul>\n\n\n\n<p><strong>Additional Information<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>PMJDY accounts are completely free. There are no charges for opening or maintaining the account.<\/li><li>You can deposit and withdraw money at your bank branch or any ATM using your RuPay debit card.<\/li><li>For more details and any account related queries, visit the official PMJDY website (<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/pmjdy.gov.in\/\">https:\/\/pmjdy.gov.in\/<\/a>) or contact your nearest bank branch.<\/li><\/ul>\n\n\n\n<p>By opening a PMJDY account, you take a step towards financial inclusion and gain access to essential banking services. It&#8217;s a secure and convenient way to manage your money and receive government benefits directly.<\/p>\n\n\n<!-- mw-cta-block -->\n\n<div class=\"mw-cta-block\" style=\"background:#EEF3FC;border-left:5px solid #1C52A0;padding:22px 26px 20px;margin:36px 0 24px;border-radius:0 10px 10px 0;\">\n  <p style=\"margin:0 0 4px;font-size:11px;font-weight:700;color:#276FC4;letter-spacing:1px;text-transform:uppercase;\">Maxiom Wealth \u2014 Free Tool<\/p>\n  <h3 style=\"margin:0 0 10px;font-size:19px;font-weight:700;color:#113E81;line-height:1.3;\">Are FD Returns Beating Inflation After Tax?<\/h3>\n  <p style=\"margin:0 0 18px;color:#444;font-size:15px;line-height:1.65;\">A 7% FD rate drops to ~4.9% after 30% tax for high earners \u2014 barely above inflation. See how FD compares to goal-based investments over your horizon.<\/p>\n  <a href=\"https:\/\/maxiomwealth.com\/resources\/calculators\/fd\" style=\"display:inline-block;background:#1C52A0;color:#fff!important;padding:11px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin:0 10px 8px 0;\">FD Returns Calculator \u2192<\/a>\n  <a href=\"https:\/\/maxiomwealth.com\/meeting\" style=\"display:inline-block;border:2px solid #1C52A0;color:#1C52A0!important;padding:9px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin-bottom:8px;\">Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;&nbsp;<a href=\"https:\/\/maxiomwealth.com\/askguru\/2024\/07\/11\/pradhan-mantri-jan-dhan-yojana\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Pradhan Mantri Jan Dhan Yojana (PMJDY)<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-2133","post","type-post","status-publish","format-standard","hentry","category-financial-planning"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/2133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=2133"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/2133\/revisions"}],"predecessor-version":[{"id":3170,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/2133\/revisions\/3170"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=2133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=2133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=2133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}