This scheme was launched by the government of India for those who do not have bank accounts. The main objective of this scheme is ‘financial inclusion’. The government aimed at including all the people without bank accounts under a common framework and thus launched Pradhan Mantri Jan Dhan Yojana nationwide. This scheme was officially launched on 14th August 2014. As per the reports released by the Ministry of Finance, around 4 crores bank accounts have been opened till September 2014 as an initiative taken under the scheme.
Go through the list mentioned below to check if you are eligible or not eligible to open a bank account under this Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme.Who is eligible?
Employees of the central and state governments are not allowed to apply for this scheme. For specifics, check the list mentioned below:
You can open an account under this scheme by providing the following documents:
For a normal person identification, these documents can also be used for the verification process:
The only basic requirement of opening this account is a self-attested photograph of the person along with doing signatures or giving thumbprints in the presence of the bank official. Small accounts come with certain limitations of credit deposits and monthly withdrawal limits. The aggregate credit limit of such accounts have been set at Rs. 1 lakh per year and the withdrawal limit has been set at Rs. 10,000 per month. Additionally, the amount in your account should not cross the threshold of Rs. 50,000 at any time. These accounts come with an expiry period of 1 year after which they are closed. However, the validity of these accounts can be extended to a period of 12 months only if the applicant can prove that he/she has applied for the ‘Valid documents’ required to open an account under this scheme within 12 months of opening a small account.
To open a bank account under this scheme, you need to fill the form and submit it to any bank with the required documents. The registration form is available on the official website of Pradhan Mantri Jan Dhan Yojana. The form is officially known as ‘Financial Inclusion Account Opening Form’. This form is available in two languages: Hindi and English so you can choose whatever format suits you. The forms are available online in both Hindi and English language.
The sections mentioned below are to be filled in the form.
To register for the Jan Dhan Yojana, you need to fill the registration form and submit it to any bank where you want to open an account. Usually, the banks extending this facility have a separate counter dealing with Jan Dhan Yojana. There are dedicated professionals called ‘Bank Mitr’ assigned on these counters to help you with the registration process which includes the form along with the documents required.
With the duly filled form, you need to attach documents proving your identity and residence. If you have a valid Aadhaar card, then you just need to attach that with your form and then you won’t need anything else. You also need to attach two of your recent passport size photographs with the application form.
Once you have submitted all your documents, you will be notified about your successful application within a few days. After you have opened your account, you will be entitled to receive a cheque book, a passbook, and a RuPay debit card which can be used at the ATMs. Some banks might even provide you with a Jan Dhan Information kit which will contain extensive details of the scheme.
Check the table below to know some public and private sector banks offering this scheme:
|Private Sector Bank||Public Sector Bank|
|HDFC Bank||Allahabad Bank|
|Axis Bank||Bank of Baroda|
|ICICI Bank||Bank of India|
|Kotak Mahindra Bank||Dena Bank|
|YES Bank||Canara Bank|
|IndusInd Bank Ltd||Punjab National Bank|
Customer Support for Queries
If you have any queries about the scheme or you are stuck somewhere in the process, you can call on these toll-free numbers mentioned below. 1800-11-0001 and 1800-180-1111.
Yes, a joint account can be opened under Pradhan Mantri Jan Dhan Yojana.
Yes. After opening the bank account, the subscriber should use the accidental insurance cover and RuPay debit card at least once within the time gap of 45 days.
RuPay debit cards come with the added advantage that it allows people to have access to an accidental insurance cover of at least Rs. 1 lakh with no added costs.
It is not possible for a family to receive multiple accidental insurance cover even if you have multiple accounts under this scheme. Only one account will be considered eligible and according to that account, accidental insurance cover will be extended to one person from the family.
Yes, a minor person can open an account under this scheme with proper guidance from the elders.
A minor should be of age 10 and no less than that to be eligible to apply for the scheme. Yes, even minors are eligible to get a RuPay debit card and they can withdraw cash four times a month.
Pradhan Mantri Jan Dhan Yojana is household centric scheme whereas Swabhimaan, the earlier financial inclusion plan was village centric. The new financial inclusion scheme (PMJDY) focuses on rural as well as urban areas. The Swabhimaan scheme only targeted villages with more than 2000 people whereas PMJDY focuses on the financial inclusion of the entire nation. This is made possible by extending banking facilities to every area/village.
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