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 & PMJDY account can be opened in any bank branch or
Business Correspondent (Bank Mitra) outlet & accounts are being opened with
Zero balance.
If the account-holder wishes to get Cheque Book, he/she will
have to fulfill minimum balance criteria.
Documents required opening an account under Pradhan Mantri
Jan-Dhan Yojana:
1. If Aadhaar Card/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:-
a) 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.
b) Letter issued by a gazette officer, with a duly attested
photograph of the person.
Special Benefits under PMJDY :
1. Interest on deposit.
2. Accidental insurance cover of Rs. 1 lac.
3. No minimum balance required.
4. The scheme provides 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 up to Rs.5000/- is available in only one account per household,
preferably lady of the household.
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