Pradhan Mantri Jan Dhan Yojana (PMJDY) – Financial Inclusion Scheme in barapada, maharashtra
The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a national mission on financial inclusion launched by the Government of India. It aims to provide universal banking access to all households across the country, including people in barapada, maharashtra. The scheme ensures affordable access to financial services like banking, savings, remittance, insurance, and pension.
Key Features:
- Zero balance savings bank account
- Free RuPay debit card issued to account holders
- Accidental insurance cover up to ₹2 lakh
- Life insurance cover of ₹30,000 for eligible beneficiaries
- Overdraft facility up to ₹10,000 for one account per household
- Direct benefit transfers (DBT) for government subsidies
- Access to pension and micro-insurance schemes
Eligibility:
- All Indian citizens aged 10 years and above can open a PMJDY account
- Even if you do not have valid documents, an account may be opened under "simplified KYC" rules
- Only one account per individual allowed
Required Documents:
- Aadhaar card (or any official government ID)
- Passport-sized photograph
- If Aadhaar not available – Voter ID, PAN card, or other KYC documents
How to Apply:
- Visit the nearest public sector bank or participating private bank in barapada, maharashtra
- Ask for the PMJDY account opening form
- Fill in the details and submit along with necessary documents
- Receive passbook and RuPay card once account is opened
Bank Services Offered Under PMJDY:
- Basic banking services like deposits and withdrawals
- Money transfer facilities through NEFT/IMPS
- Direct benefit transfer for LPG subsidy, MNREGA wages, and pensions
- Mini statements and balance checks via mobile banking
Benefits for Account Holders:
- Financial literacy and financial inclusion
- Access to credit, insurance, and pension schemes
- Security of money with banking infrastructure
- Eligibility for overdraft and credit-linked benefits
- Free accident insurance with the RuPay card
Frequently Asked Questions (FAQs):
1. What is the main objective of PMJDY?
To ensure access to financial services to the unbanked population of India and promote financial inclusion.
2. Can I open a Jan Dhan account without Aadhaar?
Yes, other officially valid documents like voter ID, driving license, or PAN card can also be used.
3. Is there any minimum balance requirement?
No. Jan Dhan accounts are zero-balance accounts.
4. What is the benefit of the RuPay debit card?
It provides access to ATMs, POS payments, and includes accidental insurance cover.
5. Who is eligible for the overdraft facility?
Account holders with satisfactory account operation for 6 months are eligible for overdraft up to ₹10,000.
6. Where can I get more details?
Visit the official PMJDY website at https://pmjdy.gov.in or your nearest bank branch.