PMJDY
Pradhan Mantri Jan DhanYojana (PMJDY) is a flagship financial inclusion initiative by the Government of India, aimed at providing affordable and accessible banking services to every Indian household. With PMJDY, you can open a zero-balance savings account and enjoy a wide range of benefits, including:
- Free Access to Basic Banking: Open an account without any initial deposit requirement, giving you access to banking services like deposits, withdrawals, and remittances.
- Overdraft Facility: Eligible account holders can avail of an overdraft facility, making it easier to access credit when needed.
- Accidental Insurance Coverage: Get free accidental insurance coverage, offering added financial security.
- Direct Benefit Transfer (DBT): PMJDY accounts ensure direct transfer of government benefits, subsidies, and welfare schemes to your account.
- RuPay Debit Card: A free RuPay debit card, enabling you to make cashless transactions at ATMs, point-of-sale (POS) terminals, and online
PradhanMantri Jan DhanYojana (PMJDY) is a National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
Account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet.
Accounts opened under PMJDY are being opened with Zero balance.
If the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria.