This Scheme was first published on ‘Pradhan Mantri Jan Dhan Yojana’ website and for more info, you can visit ‘Pradhan Mantri Jan Dhan Yojana’ website.

Description: It is a financial inclusion scheme with multiple benefits like banking, saving, remittance, credit to insurance, and pension. A savings bank account can be opened with zero balance. Eligibility:

1. A person who is above 10 years of age is eligible to open the account in any bank under this scheme.
2. Applicant must be a citizen of India.

Document required to open an account a) Passport,,driving licence, Permanent Account Number (PAN) Card,Voter’s Identity Card issued by Election Commission of India, b) Job card issued by NREGA duly signed by an officer of the State Government, c) The letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number, or d) Any other document as notified by the Central Government in consultation with the Regulator:

Provided that where simplified measures are applied for verifying the identity of the clients the following documents shall be deemed to be officially valid documents:— I) 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; II) letter issued by a Gazetted officer, with a duly attested photograph of the person.

Process: 1.Applicant should go to the nearest bank branch or contact Bank Mitras (Banking Correspondents) with required documents. 2. Each bank has Bank Mitras deployed in places where the bank’s branches are not available. 3. If the applicant already has an account, he/she can request the bank to transfer it to Jan Dhan Yojana.

Special Benefits under PMJDY Scheme 1.Interest on deposit. 2.Accidental insurance cover of Rs. 2 lakhs 3.No minimum balance required. 4.The scheme provide 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.