Pradhan Mantri Jan Dhan Yojana Benefits & PMJDY Scheme Details

Pradhan Mantri Jan Dhan Yojana (PMJDY) has an ambitious objective of covering all households in the country with banking facilities and having a bank account for each household.


Pradhan Mantri Jan Dhan Yojana Benefits & PMJDY Scheme Details | Launched: ‎28 August 2014

Main Objective: Financial inclusion and access to financial services for all households in the country is the main of the PMJDY scheme benefits.

Pradhan Mantri Jan Dhan Yojana (PMJDY) is a National Mission on Financial Inclusion encompassing an integrated approach to bring about comprehensive financial inclusion of all the households in the country. The plan envisages universal access to banking facilities with at least one basic banking account for every household, access to credit, insurance and pension facility. In addition, the beneficiaries would get RuPay Debit card having inbuilt accident insurance covers of र 1 Lakh.

Kitchen Essentials for Your Kitchen

The plan also envisages channeling all Government benefits (from Center / State / Local Body) to the beneficiary’s accounts and pushing the Direct Benefits Transfer (DBT) scheme of the Union Government. The technological issues like poor connectivity, on-line transactions will be addressed. Mobile transactions through telecom operators and their established centers as Cash Out Points are also planned to be used for Financial Inclusion under the Scheme. Also an effort is being made to reach out to the youth of this country to participate in this Mission Mode Program.

Under the PMJDY Scheme Benefits an account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet. Accounts opened under PMJDY are being opened with Zero balance. However, if the account- holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria.

PMJDY scheme benefits include:

  • Interest on deposit.
  • Accidental insurance cover of Rs. 1 Lakh
  • No minimum balance required.
  • The scheme provides life cover of Rs. 30,000/- payable on death of the beneficiary, subject to fulfillment of the eligibility condition.
  • Easy Transfer of money across India.
  • Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
  • After satisfactory operation of the account for 6 months, an overdraft facility will be permitted.
  • Access to Pension, insurance products.
  • The Claim under Personal Accidental Insurance under PMJDY shall be payable if the Rupay Card holder have performed minimum one successful financial or non-financial customer induced transaction at any Bank Branch, Bank Mitra, ATM, POS, E-COM etc. Channel both Intra and Inter-bank i.e. on-us (Bank Customer/rupay card holder transacting at same Bank channels) and off-us (Bank Customer/Rupay card holder transacting at other Bank Channels) within 90 days prior to date of accident including accident date will be included as eligible transactions under the Rupay Insurance Program 2016-2017.
  • Overdraft facility up to Rs.5000/- is available in only one account per household, preferably lady of the household.

PMJDY’s Detailed Information | National Toll Free No.-  1800 11 0001, 1800 180 1111

Other Related Articles

PMJDY Eligibility Criteria | PMJDY Application From & Procedure | PMJDY Documents Required


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.