What are the salient features of Pradhan Mantri Jan Dhan Yojana?

PMJDY brings about the objective of financial inclusion for all by providing basic banking accounts with a debit card with inbuilt accident insurance. The main features of PMJDY include Rs. 5,000 overdraft facility for Aadhar-linked accounts and a RuPay debit card with inbuilt Rs. 1 lakh accident insurance cover.

What is the main aim of Jan Dhan Yojana?

Prime Minister’s People’s Wealth Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit.

What are the six pillars of Pradhan Mantri Jan Dhan Yojana?

The six pillars—providing bank accounts, credit, insurance, pension, financial literacy, and increasing the penetration of banking agents—were designed to address the prior challenges and to accelerate financial inclusion in India.

Who is eligible for Jan Dhan Yojana scheme?

All Indian nationals are eligible to apply for the Jan Dhan Yojana scheme. Any form of identity proof that is duly authorised by gazette officers is acceptable to open a Jan Dhan Yojana account; in the absence of any available documentation, banks are required to conduct through background checks.

How do I know if my account is Jan Dhan?

SBI customers can check the account balance of their PN Jan Dhan account by dialling 1800 425 3800 or 1800 112 211. This number must be accessed by the SBI customers from his/her registered mobile number. Details of the last 5 transactions followed by account balance will be available.

What is minimum OD limit without any assessment under Pmjdy Why?

(a) To continue the National Mission for Financial Inclusion (PMJDY) beyond 14.8. 2018 (b) Existing OD limit of Rs 5,000 to be raised to Rs 10,000 (c) There will not be any conditions attached for OD upto Rs 2,000. (d) Age limit for availing OD facility to be revised from 18-60 years to 18-65 years.

What is overdraft facility in Pmjdy?

Overdraft facility is usually offered for the withdrawal of a limited amount of money. The Centre’s scheme allows the Jan Dhan account holders to withdraw money upto ₹10,000 in the form of a short-term loan. This limit was earlier ₹5,000 but the government doubled the amount last year.

How much money can be deposited in Jan Dhan account?

A Small Account is ideal for those subscribers who don’t have the relevant documents to open a bank account under the Pradhan Mantri Jan Dhan Yojana scheme. An account holder can deposit a maximum amount of Rs. 50,000 in this account.

Can Jan Dhan account be converted to normal account?

If you already have a deposit account and want to transfer your old account under Jan Dhan Yojana, you’ll have to get a Rupay card from your financial organisation. Once the transfer is complete, you can avail the overdraft facility under the scheme.

What are the salient features of Pradhan Mantri Jan Dhan Yojana? PMJDY brings about the objective of financial inclusion for all by providing basic banking accounts with a debit card with inbuilt accident insurance. The main features of PMJDY include Rs. 5,000 overdraft facility for Aadhar-linked accounts and a RuPay debit card with inbuilt Rs.…