Pradhan Mantri Jan Dhan Yojana is Abbreviated as PMJDY
Pradhan Mantri Jan-Dhan Yojana is a government scheme launched by the government of India to provide poor and needy sections of our society with easy access to financial services such as remittance, credit, insurance, pension, savings, and deposit accounts.
PMJDY Specifics
- Interest Rate Based on the bank’s savings accounts interest rate Minimum Balance Zero balance account Accidental Insurance Coverage Under Rupay Scheme, Rs.1 lakh Rs.2 lakh for accounts opened after August 28, 2018.
- The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by the Indian government to provide financial services and products to individuals who do not have access to a bank account.
- There is no requirement to keep a minimum balance.
- According to the bank’s savings account interest rate
- Money transfer is simple.
- Overdraft protection is available.
- Concerning Pradhan Mantri The Jan Dhan Yojana
- According to the Ministry of Finance, over 4 crore bank accounts have been opened since the scheme’s inception in August 2014. Individuals can obtain financial services such as pensions, insurance, and banking through the PMJDY scheme.
- Individuals can open a zero-balance account under PMJDY. Individuals who want to use the cheque facility, on the other hand, must keep a minimum balance. The individual will not be charged to open an account under the PMJDY scheme.
How to Create a Jan Dhan Yojana Account
To open a Jan Dhan Yojana Account, you must first obtain the application form, which is available in both English and Hindi on the PMJDY’s official website (https://www.pmjdy.gov.in/scheme). click here to visit the site, and fill it out and submit it with the required documents. The form is known as the financial inclusion account opening form. It is divided into three sections in which you must provide information about yourself, your nominee, and the bank where the account is being opened.
Eligibility for PMJDY
Individuals must meet the following criteria in order to open a PMJDY account:
- You must be an Indian citizen.
- You must be at least 10 years old.
- You do not need a bank account.
- Jan Dhan Yojana of the Government of India
- Documents required to open an account with PMJDY
- Individuals who want to open an account must submit valid documents. The following documents are required for a PMJDY account under the scheme:
- Passport
- Card with a Permanent Account Number (PAN)
- Aadhaar
- Job cards were issued under the National Rural Employment Guarantee Act (NREGA).
- Driver’s license
- Voter identification
Banks that participate in the PMJDY scheme
Individuals can open a PMJDY account at both public and private sector banks. The following banks are among those taking part in the scheme:
Banks in the private sector:
• Dhanalaxmi Bank
• LimitedYES Bank Limited
• Bank of Kotak Mahindra Ltd.
• Karnataka Bank Limited
• ING Vysya Bank Limited
• IndusInd Bank Limited
• Federal Bank of Canada Ltd.
• HDFC Bank Limited
• Axis Bank Limited
• ICICI Bank Limited
Banks in the Public Sector:
• Oriental Banking Corporation (OBC)
• Indian Union Bank
• Bank of Allahabad
• Syndicate Bank Dena Bank
• The Punjab and Sind Bank
• The Vijaya Bank
• India’s Central Bank
• Indian Bank Punjab National Bank (PNB)
Advantages of PMJDY
For each unbanked person, one basic savings bank account is opened.
1. In PMJDY accounts, there is no requirement to keep a minimum balance.
2. In PMJDY accounts, deposits earn interest.
3. PMJDY account holders receive a Rupay Debit card.
4. Accident Insurance Coverage of Rs.1 lakh (enhanced to Rs.2 lakh for new PMJDY accounts opened after 28.8.2018) is available with the PMJDY account holders’ RuPay card.
5. To eligible account holders, an overdraft (OD) facility of up to Rs. 10,000 is available.
6. Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), and Micro Units Development & Refinance Agency Bank (MUDRA) schemes are available for PMJDY accounts.
PM January Dhan Apply for Yojana Online

The Central Government has recently added a provision for minor children. Applicants can now open a bank account for their child over the age of ten. Applicants can apply for this by going to any bank branch’s online link or the post office’s online website. Furthermore, candidates can apply both offline and online.
However, the online method is simpler. In addition, we are assisting you with online registration here. A child over the age of ten can manage his or her own accounts with the help of his or her parents or guardians. Because these children are small, they are also unable to apply. They require their guardian for every procedure.
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