Pradhan Mantri Jan Dhan Yojana (PMJDY)

Basic Banking for All

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 (Bank Mitr) outlet.
Accounts opened under PMJDY are being opened with Zero balance.
If the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria.

Interest on deposit.
Accidental insurance cover of Rs. 1 lac for Rupay Card.
No minimum balance required.
The scheme provide 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.5000/- will be permitted.
Access to Pension, insurance products.