Namaskar Dosto! As What The Title States We Will Know Everything In Details About It. PMJDY (Pradhan Mantri Jan-Dhan Yojana) is a Govt. Scheme Launched In The Year 2014 By Prime Minister Narendra Modi Under Ministry Of Finance. The Main Goal Of This Scheme Is To Reach Every Unbanked Person And Encourage Him To Invest/Save Their Money In Banks And For The Future Be Financially Ready To Tackle Their Money Problems.
As Earlier Many Low-Income People Faced Several Problems While Opening Their Bank Accounts. The Main Reason Behind It Was Their Unawareness Of Banking Processes And The Heavy Charges They Have To Pay To Open A Simple Basic Saving Bank Account In Any Bank. But After The Launch Of The PMJDY (प्रधानमंत्री जन धन योजना) Scheme A Huge Financial Inclusion Was Noted. From Rural Areas To Urban, The Promoters Of This Scheme Were On Streets To Encourage Citizens To Open Accounts Under PMJDY (Pradhan Mantri Jan-Dhan Yojana) Scheme
Why Is This Scheme (PMJDY) So Popular? What Are Its Benefits?
- No Minimum Balance Is To Be Maintained (Zero Balance Saving Account)
- Free Debit Card (RuPay Network) No Monthly/Yearly Charges On It
- Can Be Used For Direct Benefit Transfer (DBT), Useful For Students Who Receive Scholarships
- Interest Is Earned On Account Balance Quarterly Or Some Times Semi-Annually
- An Overdraft Facility up to Rs. 10,000
- Govt. Sponsored Pension Scheme Inclusion.
How To Open Bank Accounts Under PMJDY (Pradhan Mantri Jan-Dhan Yojana) Scheme?
1. Visit Any PSB (Public Sector Banks) Such As Bank Of Baroda, Bank Of India, Canara Bank, etc.
2. You Can Also Visit Private Sector Banks Such As Axis Bank, IndusInd Bank, Kotak Mahindra Bank, etc. But They Will Rarely Open Your Account Under This (PMJDY) Scheme.
3. Then Ask The Front Desk Bank Clerk To Provide You With An Bank Account Opening Form (Imp: You Have To Mention (PMJDY) Scheme Bank Account While Asking Because Some Banks Have Separate Forms For PMJDY Scheme Accounts)
4. Fill Out The Form (If In The Form Bank Account Type (PMJDY) Is Mentioned Please Tick On It) And Attach The Necessary Documents For Verification And Submit It In The Bank
5. After 2-3 Days You Will Get A Call From The Bank To Take Away Your Bank Account Passbook (Passbook Will Be Normal There Will Be No Indication Of Any Scheme On It And In Some Cases, Scheme Desc. Could Be Mentioned)
6. If You Want To Deposit Some Money In The Newly Opened Account You Can Do It (As It Will Show That The Customer Wants To Invest/Save Their Money Rigorously) *Not Necessary
7. Then After 1-2 Weeks Again You Will Receive A Call From Bank For Debit Card Take Away It Is The Main Item To Know That Your Account Is Under The PMJDY Scheme As A Logo Of (PMJDY) Will Be On It (If You Don’t Receive Any Call Within That Period You Can Visit Your Bank For Enquiry)
8. Done!! Enjoy With A Bank Account That Will Never Charge You For Anything
Points To Be Noted (Important):
1. You, Will, Receive A Debit Card From RuPay Network (Payment Network Of India)
2. At First, You Are Only Eligible To Send A Payment Of Rs. 5000 From UPI/Bank Account To Another UPI/Bank Account. But As Time Passes And Your Transactions Also Your Card Limit Increases For Sending Money
3. Under This Scheme, You Will Not Receive A Cheque Book At First But You Can Opt For It After 2-3 Months By Filling Out A Simple Cheque Book Request Form
4. Internet/Mobile Banking Facilities Are Also Available Under PMJDY Account Type But The Service Is Not Free You Have To Pay On A Quarterly Or Monthly Basis Which Could Cost Nearly Less Than Rs. 100
Limits:
As Every Bank As Its Own Limits For Withdrawal And Transactions. But In The Case Of PMJDY (प्रधानमंत्री जन धन योजना) Scheme Bank Account, It Is Much Equal And Good Compared With High Minimum Balance Bank Accounts Types
1. ATM Cash Withdrawal Limit Per Day: ₹ 25,000/- (From Bank Own ATM Branches: ₹ 15,000/- And Other Bank’s ATM: ₹ 10,000/-)
2. No. Of Cash Withdrawals Per Day: 4 (Four)
3. Purchase Transaction Limit Per Day: ₹ 50,000/-
Banks Under PMJDY (Pradhan Mantri Jan-Dhan Yojana) Scheme:
Public Sector Banks
- Bank Of Baroda
- Bank Of India
- Bank Of Maharashtra
- Canara Bank
- Central Bank Of India
- Indian Bank
- Indian Overseas Bank
- Punjab & Sind Bank
- Punjab National Bank
- State Bank Of India
- UCO Bank
- Union Bank Of India
Private Sector Banks
- Axis Bank Ltd
- City Union Bank Ltd
- Federal Bank Ltd
- HDFC Bank Ltd
- ICICI Bank Ltd
- IDBI Bank Ltd
- IndusInd Bank Ltd
- Jammu And Kashmir Bank Ltd
- Karur Vysya Bank
- Kotak Mahindra Bank Ltd
- Lakshmi Vilas Bank Ltd
- RBL Bank Ltd
- South Indian Bank Limited
- Yes Bank Ltd