FinancialNational SchemeOngoing
Pradhan Mantri Jan Dhan Yojana (PMJDY)
Zero-balance savings bank account for unbanked citizens with RuPay debit card, accident insurance of ₹2 lakh, and overdraft facility.
Ministry of Finance, Department of Financial Services
What you get
Zero balance savings account with RuPay debit card. Accident insurance cover of ₹2 lakh. Life insurance cover of ₹30,000 (for accounts opened between Aug 2014 – Jan 2015). Overdraft facility up to ₹10,000 after 6 months. Access to pension, insurance products and micro-credit.
Who can apply
Any Indian citizen who does not have a bank account can open a Jan Dhan account at any bank branch or Business Correspondent outlet.
For: Unbanked Indian citizens
- No minimum balance required
- Aadhaar card preferred; other ID documents accepted
- Transfer existing basic savings accounts to PMJDY
Documents required
General
- Aadhaar card (preferred) OR Voter ID / Driving License / NREGA card
- Recent passport-size photograph
Scheme code: PMJDY