The Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a National Mission for Financial Inclusion launched in August 2014, deemed to ensure access to financial services namely banking, savings and deposits accounts, remittance, credit, insurance and pension in an affordable manner.
The aspect of financial inclusion is aimed towards delivering financial services at an affordable cost to low-income segments of the society. With an aim to promote banking activity among the financially excluded people and reduce poverty, the scheme is an innovative concept in that direction.
An individual can consider opening an account under this scheme with any bank branch or Business Correspondent (Bank Mitr) outlet. Further, accounts opened under PMJDY can be opened with zero balance. However, if the account-holder wishes to get a cheque book, he/she will have to fulfill minimum balance criteria. The account holders under this scheme will be given a RuPay debit card which can be used across all ATMs for cash withdrawal.
Individuals opening a Jan Dhan account are subject to be recipient of certain benefits. One could click on the link here to know more about the scheme and its associated benefits.
Check your eligibility for the schemeClick here to know