FinancialNational SchemeOngoing
Pradhan Mantri Jan Dhan Yojana (PMJDY)
Universal financial inclusion: zero-balance bank account with RuPay debit card, overdraft, and accident insurance.
Ministry of Finance
What you get
Zero-balance savings account at any bank. RuPay debit card with ₹2 lakh accident insurance (₹1 lakh for accounts before 28/08/2018). Overdraft facility up to ₹10,000 after 6 months for active accounts. ₹30,000 life insurance cover for accounts opened before Jan 26, 2015. 52 crore+ accounts opened. Direct Benefit Transfer for all government subsidies.
Who can apply
All Indian citizens without a bank account, especially rural and poor population
For: Unbanked persons, rural households, BPL families
- Any Indian citizen can open account
- Simplified KYC norms (Aadhaar or officially valid document)
- No minimum balance required
Documents required
General
- Aadhaar card or officially valid document (voter ID, passport, driving licence)
- Passport size photograph
Scheme code: PMJDY-2014