Pradhan Mantri Jan Dhan Yojana (PMJDY): A Complete Guide
Learn about Pradhan Mantri Jan Dhan Yojana (PMJDY) – objectives, benefits, eligibility, and how to open a Jan Dhan bank account in India.
![]() |
pradhan mantri jan dhan yojana 2025 |
What is Pradhan Mantri Jan Dhan Yojana (PMJDY)?
The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a financial inclusion program launched by the Government of India on 28th August 2014. Its primary objective is to provide affordable access to banking, credit, insurance, and pension services for every Indian household, especially those in rural areas and low-income groups.
Objectives of Jan Dhan Yojana
The key goals of this scheme include:
1.Providing universal access to banking facilities
2.Offering zero-balance savings accounts for the unbanked population
3.Enabling direct benefit transfers (DBT) for subsidies and welfare schemes
4.Promoting financial literacy and savings habits among the rural population
Key Features of Jan Dhan Bank Accounts
Some of the most important features of Jan Dhan accounts are:
1. Zero Balance Accounts: No minimum balance is required.
2. Free Rupay Debit Card: Every account holder gets a free Rupay Debit Card for ATM withdrawals and payments.
3. Overdraft Facility: After six months of satisfactory operation, an overdraft of up to ₹10,000 is available.
4. Accidental Insurance Coverage: Accounts come with ₹2 lakh accidental insurance cover.
5. Life Insurance Coverage: A ₹30,000 life insurance cover is also provided to eligible account holders.
6. Direct Benefit Transfer: Subsidies from government schemes are directly credited into the account.
Eligibility to Open a Jan Dhan Bank Account
To open a Jan Dhan account, you need to meet the following conditions:
1.Must be an Indian citizen
2.Age should be 10 years or above
3.Must have valid KYC documents such as Aadhaar Card, Voter ID, or Passport
![]() |
jan dhan yojana 2025 |
How to Open a Jan Dhan Bank Account
Follow these steps to open your Jan Dhan account:
1. Visit your nearest bank branch offering PMJDY accounts.
2. Fill out the Jan Dhan Account Opening Form available at the bank or online.
3. Submit KYC documents for identity and address verification.
4. Once approved, you will receive a Rupay Debit Card and passbook.
Benefits of Jan Dhan Yojana
Jan Dhan Yojana offers several benefits:
1.Financial Inclusion: Brings rural and low-income families into the banking system.
2.Savings Habit: Encourages people to save money safely.
3.Subsidy Transfer: Ensures transparency in government benefit transfers.
4.Insurance Protection: Provides financial security through accidental and life insurance cover.
5.Access to Loans: Account holders can avail overdraft and micro-credit facilities easily.
![]() |
jan dhan yojana pradhan mantri 2025 |
Conclusion
The Pradhan Mantri Jan Dhan Yojana (PMJDY) has revolutionized India’s banking system by providing access to financial services for millions of people who were previously outside the formal banking network. It not only promotes savings but also ensures social security and financial inclusion for all.
-----------------------------------------------------------<<<<<<>>>>>>----------------------------------------------
Tags:
Jan Dhan Yojana Bank Account
Pradhan Mantri Jan Dhan Yojana Benefits
Jan Dhan Yojana Eligibility
PMJDY Bank Account Opening Process
Jan Dhan Yojana Features
Jan Dhan Scheme India
0 Comments