PMJDY List: Pradhan Mantri Jan Dhan Yojana (PMJDY) is an initiative of the Indian Government (प्रधानमंत्री जन धन योजना) for the comprehensive financial inclusion for the people of India with particular focus on those who are excluded from the benefits and facilities of the banking sector. In this article, we have shared PM Jan Dhan Yojana’s application and uses.
PM Jan Dhan Yojana List
Once you open this account, you are automatically entitled to accidental insurance and overdraft facility and will also benefit from the schemes launched by the Indian government (like PMGKY) from time to time under the PMJDY. You do not need to worry about the minimum balance in the PMJDY account because it can be opened with zero balance.
Our Hon’ble Prime Minister launched this PMJDY way back on August 15, 2014, which is a national mission for financial inclusion. Under this mission, our PM is trying to cover all the households of our country with banking facilities, and he wants that, every citizen should have an account so that they can be brought under the banking mainstream.
Now, most of you don’t know about the term financial inclusion… no need to be worried we will clear your thoughts…
Financial Inclusion is nothing it is just a provision to provide banking services to every common man at an affordable cost, especially to the ones who come from the disadvantaged section of our society.
Benefits of PM Jan Dhan Yojana Account
Below, we have given some benefits which are entitled to every applicant:
- They will get interested in their deposit.
- Eligible for the accidental insurance cover of Rs 2 Lakh
- No minimum balance is required for the account holders.
- It will also cover the benefit of 30,000 life cover which will be payable on the death of the account holder but only if he/she fulfils the eligibility condition.
- You can transfer money easily across India.
- The amount will be credited to their account if they are entitled to government schemes.
- Once you operate the account successfully for six months then you are eligible for an overdraft facility of Rs 10,000 earlier it was 5000.
- It can be accessible to pension and insurance products.
- Overdraft facility of up to Rs. Ten thousand will be given to only one account per household and preference given to the lady households.
Pradhan Mantri Jan Dhan Yojana Features
When PM launched this mission of PMJDY, he was looking to provide affordable banking services to all citizens within a reasonable distance. It comprises six pillars, which are as follows:-
Accessible to banking facilities
With this, they are trying to map each district into the SSA which means sub-service areas under which at least one to two thousand households will be covered within a range of 5 km.
Basic banking facility
They aimed for at least one bank account in every unbanked household so that it may increase the culture of banking habits in every family and convince them to save their hard-earned money in a bank account.
Financial literacy program
To educate them about financial literacy so that they can operate the ATM card and get to know its benefits.
Once you open the account and operate it satisfactorily for the next six months then you are eligible for the hassle-free credit facility of Rs 5000 and for that bank will not ask you for any kind of security, purpose or use of credit.
Micro Insurance Facility
With this all the BSBD (basic saving bank deposit) account holders are eligible for micro-insurance and for that there are two insurance scheme
PM Jeevan Bima Yojana (PMJBY)
Under this beneficiaries will get a life insurance cover of Rs 2 lakhs, and for that, they had to pay only Rs 330/- per year
PM Suraksha Bima Yojana (PMSBY)
This insurance scheme will give you accidental cover of Rs 2 lakh, and for that, you have to pay only Rs 12/- per year.
RuPay debit card
Once you open the account you will get the Rupay Card (ATM card) which also covers the accidental insurance of Rs 2 lakh only.
Number of Accounts Opened in PMJDY
Below we have given the number of accounts opened in rural and urban areas and the amount deposited by them and the Rupay card issued (data as of 2 March 2022)
|Bank type||In rural||Urban metro||Rural Female||Amount deposit in crore||Rupay card issued|
|Public Sector bank||22.06||13.25||19.48||123859.80||26.97|
|Regional Rural bank||7.15||1.06||4.75||32248.46||3.39|
|Private sector bank||0.70||0.59||0.71||4731.62||1.10|
Who can Apply for PMJDY?
Now you all must want to know who can open this PMJDY account, then you must be happy to know that any individual can apply for this Account and there is no restriction on age and…
You can open the account at any nearest bank branch or CSP outlet with the help of a bank mitr.
But, in case you already possess a savings bank account then you have to close it within 30 days of the opening of a basic savings bank deposit account.
Documents Required for PMJDY
When you are going to apply for PMJDY at your nearest bank branch, you must carry some valid documents with you, which we have listed below:-
- Photo identification proof: – the one who wants to open the account needs to carry any photo identification proof (Voter ID, Aadhaar Card, Driving license, etc.)
- Ration card
- PAN Card
- Address proof: – (you need to submit your current and permanent address proof. It could be an electricity/water/phone/gas connection bill.)
- Aadhaar card
- Passport size photo (at least 3)
- Driving license
- Voter ID
- Job card: – issued by the NREGA, and it must be duly signed by an officer of the state government.
How to apply for PM Jan Dhan Yojana?
For the PMJDY account opening, you must submit a dully-filled account form that you can download in Hindi and English from the link given on this page and submit it to any nearest bank.
If you do not how to fill out the form, then don’t worry you just visit the nearest bank and the bank Mitra will help you with this.
Don’t forget to carry all the list of documents which we mentioned above.
PMJDY Toll-free numbers
National Toll free numbers: 1800-180-1111/ 1800-11-0001
For state wise toll free number: Click here
Frequently Asked Questions
What are the documents required to open the account?
For opening the PMJDY account you need to submit requisite KYC documents which are Address proof, voter Id, Aadhaar card, Ration card, photograph, PAN card driving license, etc.
If I do not have any KYC documents then am I eligible for the PMJDY account?
Yes, in that case, small accounts can be opened with limited facilities.
What is the limitation of a small account?
To open the PMJDY account, you need to submit the requisite KYC documents which are Address proof, voter ID, Aadhaar card, Ration card, photograph, PAN card, driver’s license, etc.