Easiest Way To Open A PM Jan Dhan Yojana (प्रधानमंत्री जन धन योजना) Account
Updated: 22-02-2025 at 6:28 AM
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The Jan Dhan Yojana was launched in August 2014 by Prime Minister Narendra Modi. The PMDJY scheme was aimed at ensuring that each family in the country has at least one bank account. It provides various banking facilities and other financial incentives to the account holders.
In the COVID-19 era, certain eligible receivers also received a monthly allowance from the government to sustain. This way the government helps the account holders in times of need. The process to open a Jan Dhan Yojana account is very simple.
What Is Pradhan Mantri Jan Dhan Yojana?
The PMJDY was launched in the year August 2014 to provide banking, insurance, pension etc facilities to all. Thus, the bank accounts which had been opened till September 2014 were more than 4 crore. Under this scheme, one can even get a zero-balance account at the bank. Nevertheless, those who wish to have a cheque facility must be guaranteed to keep a certain amount of balance. There are no fees charged when one wants to open an account.
What Are The Benefits Of Jan Dhan Yojana Account?
Below are the important benefits of the Pradhan Mantri Jan Dhan Yojana
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No Minimum Balance: PMJDY accounts are zero balance accounts; therefore, you do not need to worry about minimum balance. This makes banking services accessible to the low-income earners and those from the rural areas.
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Debit Card and Overdraft: In PMJDY account holders receive RuPay debit card in order to make transactions easily. They can also avail overdraft facility of up to ₹10,000 based upon the usage of their accounts and their creditworthiness.
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Insurance Cover: The account holders of PMJDY are also entitled to ₹2 lakhs accidental insurance and ₹30,000 life insurance if he or she transacts the account at least once in 45 days.
What Are The Features Of Jan Dhan Yojana Account?
The mentioned Table Showcases the important features of the Pradhan Mantri Jan Dhan Yojana:
| Salient Features | Details |
|---|---|
| No. of Accounts | One account is allowed for one person having no bank account in his/her name |
| Interest Rate | Based upon the savings account interest rate offered by the bank |
| Minimum Balance | No minimum balance is required to be maintained in the account. The account would be operable even when there is a zero balance in it |
| Interest Earned | The amount which is deposited into the account earns an interest rate |
| RuPay Debit Card | A RuPay debit card is offered with the account in the name of the account holder |
| Accident Insurance Cover | An Accident Insurance Cover is available with the debit card offered to the account holder. For accounts opened before 28th August 2018, the insurance cover is for Rs.1 lakh and accounts opened thereafter, the cover has been increased to Rs.2 lakh |
| Overdraft Facility | Eligible account holders can avail of an overdraft facility of up to Rs.10,000 |
What Is The Eligibility Criteria For Opening A Jan Dhan Yojana Account?
The eligibility criteria to be fulfilled for opening a Jan Dhan Yojana account is simple. It is given below:
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An applicant must be a citizen of India.
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The age of the applicant must be over 10 years.
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The applicant must not have had a bank account before.
How is Pradhan Mantri Jan Dhan Yojana (PMJDY) Implemented?
The Jan Dhan Yojana scheme was rolled out in three phases:
Phase 1 (15 August 2014 - 14 August 2015):
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According to its target, it’s aimed at bringing banking facilities to every household in India.
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Every family would have at least one bank account, and a RuPay Debit Card and would get ₹1 lakh accident insurance.
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The financially literate programs were started in villages and KCC were provided.
Phase 2 (15 August 2015 - 14 August 2018):
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In this phase, micro insurance and pension schemes such as Swavalamban were launched for unorganised sector workers and employees.
Phase 3 (14 August 2018 onwards):
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It is to be mentioned that the overdraft (OD) limit which was ₹5,000 has been raised to ₹10,000 and there are no strings affixed to overdraft up to ₹2,000.
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This means that the age limit for overdrafts which was given as 18-60 years was increased to 18-65 years.
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Those who have opened the account after 28-08-2018 are entitled RuPay cardholders get ₹1,00,000/- Accident Insurance instead of ₹1,00,000.
What Are The Documents Required For Opening A Jan Dhan Yojana Account?
The documents required for opening a Jan Dhan account are given below:
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Passport
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Driving licence
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Job Card issued by NREGA authorities
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ID Card issued by State/Central Govt.
Please remember that you do not require all of these documents to get a Jan Dhan Yojana account.
How To Open A Jan Dhan Yojana Account?
The process to open a Jan Dhan Yojana account is very simple. You can visit any of the banks offering the PMJDY account services and open their account there. You can open your account in any of the banks listed below:
Public Sector Banks
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State Bank of India (SBI)
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Bank of Baroda (BoB)
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Andhra Bank
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Bank of Maharashtra
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Bank of India (Bol)
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Canara Bank
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Corporation Bank
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IDBI Bank
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Indian Bank
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Punjab National Bank (PNB)
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Central Bank of India
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Punjab & Sind Bank, Bank
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Syndicate Bank
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Allahabad Bank
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Union Bank of India
Private Sector Banks
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ICICI Bank Ltd.
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Axis Bank Ltd.
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HDFC Bank Ltd.
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Federal Bank Ltd.
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IndusInd Bank Ltd.
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ING Vysya Bank Ltd.
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Karnataka Bank Ltd.
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Kotak Mahindra Bank Ltd.
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YES Bank Ltd.
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Dhanalaxmi Bank Ltd.
Conclusion
To avail the benefits of this scheme, get your account opened today. Additionally, you may be able to open your bank account online depending on your choice of bank. The PMJDY scheme is a successful banking sector scheme of the government.
For more information, contact the authorities of the PMJDY scheme at 1800 180 1111 or 1800 11 0001. Visit Jaagruk Bharat to learn more about such government schemes and join us on our community page to share your opinions.
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