PRADHAN MANTRI JAN-DHAN YOJANA

 PRADHAN MANTRI JAN-DHAN YOJANA

ABOUT PRADHAN MANTRI JAN-DHAN SCHEME-Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Insertion to ensure admittance to financial services, namely, a basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner. Under the scheme, a basic savings bank deposit account can be opened in any bank branch or Business Correspondent outlet, by persons not having any other account.

BENEFITS UNDER PMJDY-

·         Interest is accessible on the deposits that are made towards the savings account opened under the scheme.

·         Individuals need not maintain a minimum balance under the scheme. However, in case they wish to avail cheque facilities, a minimum balance must be maintained.

·         In case individuals maintain the account in a good manner for 6 months, an overdraft facility is provided.

·         Individuals receive Accidental Insurance cover of Rs.1 lakh under the RUPAY scheme.

·      Account holders can check their balance using the mobile banking facility

·            An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.