Pradhan Mantri Jan Dhan Yojana(PMJDY)

Overview
  • Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access 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 (BSBD) account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having any other account.
Features & Benefits
  • No minimum balance required.
  • Accidental insurance cover of Rs.2 lakhs for Rupay PMJDY cards issued on PMJDY bank accounts opened after 28th August 2018
  • Easy Transfer of money across India.
  • Access to Pension, insurance products.
  • Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
  • After satisfactory operation of the account for 6 months, an overdraft facility will be permitted.

For more details refer the website https://www.pmjdy.gov.in/