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Sunday, August 30, 2020

Jan-Dhan account scheme; know the benefits

All you need to open a Jan-Dhan account is these documents, also know the benefits of the scheme

Pradhan Mantri Jandhan Yojana has just completed 6 years. The scheme was launched in 2014. According to available data, 40.35 crore bank accounts have been opened under the scheme till August 19. Under the scheme, accounts of the country's poor can be opened at zero balance in banks, post offices and national banks. Customers get 11 benefits in an account opened according to PMJD. Know that you get many features in this plan. How to open an account with what documents. The thing to note is that with this account they will get the benefit of the features which will be linked to the account base.
These are the 11 benefits of PMJD scheme

How to open accounts::

These documents must be

Documents required for opening an account under Pradhan Mantri Jan Dhan Yojana

  • If Aadhaar card / Aadhaar number is available then no other documents are required. If the address has changed, then self-certification of the current address is sufficient.
  • If Aadhaar card is not available, then any one of the following officially valid documents (OVD) will be required: Voter ID card, driving license, PAN card, passport and NREGA card. If your address is also present in these documents then it can act as both "proof of identity and address".
  • If a person does not have the "valid government papers" mentioned above, but is classified by the bank as 'low risk', he can open a bank account by submitting one of the following documents:
  • Identity cards with photo of the applicant issued by Central / State Government departments, statutory / regulatory authorities, public sector undertakings, scheduled commercial banks and public financial institutions;
  • Letter issued by a gazetted officer with a duly verified photograph of the said person.
  • The special benefits associated with this scheme are as follows
  • Interest on deposits.
  • Accident insurance cover of one lakh rupees.
  • No minimum balance required.
  • Under the Pradhan Mantri Jan Dhan Yojana, a life insurance of Rs 30,000 will be payable to the beneficiary on reimbursement of normal conditions on his death.
  • Easy transfer of funds across India.
  • Beneficiaries of government schemes will get benefit transfer from these accounts.
  • Overdraft facility will be provided after satisfactory operation of these accounts for six months.

This work will have to be done to open a new account::

If you want to open a new Jandhan account, you can easily do this by going to the nearest bank. For this you have to fill a form in the bank. It will have to disclose the name, phone number, name of the bank branch, address of the applicant, nominee, number of dependents along with occupation and employment, SSA code, village code and city code.

This is how to create a Jandhan account from an old account

If you have an old bank account, it is easy to change it to Jandhan account. For this you have to go to the bank branch and apply for the Rupee card. Your bank account will be transferred to Jandhan Yojana as soon as a form is filled.

These are the benefits of Jandhan account::

  • Overdraft facility after 6 months.
  • Accidental insurance cover up to Rs 2 lakh.
  • Life cover up to Rs. 30,000 which is available on the death of the beneficiary on fulfillment of eligibility conditions.
  • Interest is earned on the deposit.
  • Free mobile banking facility is provided with the account.
  • A debit card is issued to Jandhan account holders in the form of which they can withdraw or even make a purchase.
  • It is easy to buy insurance, pension products with the help of Jandhan account.




  • If there is a Jandhan account, then an account can be opened for pension in schemes like PM Kisan and Shramyogi Mandhan.
  • Rupee transfer facility will be available across the country.
  • The benefit of the government scheme will go directly into the account.

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