zero balance account open

  

Government's New Initiative: Open a Bank Account and Get ₹500

The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a revolutionary scheme launched by the Prime Minister of India, Shri Narendra Modi, on August 28, 2014. Its aim is to promote financial inclusion by ensuring that every family in the country has access to a bank account and banking services.

Key Benefits of PMJDY Accounts

1. Zero Balance Account: Open a bank account without the need for any initial deposit.
2. Accident Insurance: Coverage of ₹1,00,000 provided to account holders.
3. Life Insurance: ₹30,000 provided to the nominee in case of the account holder's demise, subject to terms and conditions.
4. Overdraft Facility: Up to ₹10,000 after six months of account activity.
5. Interest on Deposits: Earn interest on the balance in the account.
6. Direct Benefit Transfers (DBT): Receive government subsidies and welfare benefits directly into the account.
7. Free RuPay Debit Card: Comes with additional features such as RuPay Kisan Card.
8. Mobile Banking: Access your account easily via mobile banking apps.
9. Accessible for All: Citizens aged 10 years and above can open an account.

Government Support During Lockdown

During the COVID-19 lockdown, the government provided financial aid to women account holders under PMJDY.

• ₹500 was credited monthly for three months (April, May, and June 2020) under the Pradhan Mantri Garib Kalyan Package.
• Over 20 crore women benefited from this initiative.

Documents Required for PMJDY Account

1. Aadhaar Card (preferred).
2. If Aadhaar is unavailable, any of the following can be used:
   • Voter ID
   • Driving License
   • PAN Card
   • Passport
   • NREGA Job Card

How to Open a PMJDY Account

1. Visit your nearest authorized bank.
2. Fill out the account opening form carefully.
3. Submit the form along with:
   • A recent passport-sized photograph.
   • Valid identity and address proof.
4. You can also apply for an account online or through mobile banking services in certain banks.

Empowering Citizens Through PMJDY

PMJDY aims to provide social security and financial empowerment to all, including women and children.

• Linked to other schemes such as Atal Pension Yojana and Micro-Credit facilities, it promotes financial stability.
• Account holders can easily access services like pensions, government subsidies, and more.

With the PMJDY, the government ensures that "Every Citizen is Financially Included." Take advantage of this initiative and secure your financial future today

Information Included

FinancialInclusion

PMJDY - Pradhan Mantri Jan Dhan Yojana

BankingForAll

DirectBenefitTransfer - DBT for transferring subsidies directly to beneficiaries.

ZeroBalanceAccount - PMJDY accounts can be opened with zero balance.

GovernmentSubsidy - Various subsidies are provided directly to PMJDY accounts.

SocialSecurity

RuPayCard - PMJDY account holders are issued a RuPay debit card.

JanDhanAccount

PradhanMantriYojana

AccidentalInsurance - Account holders are eligible for accident insurance.

LifeInsurance - Offers life insurance for account holders under certain conditions.

MicroCredit - Small credit or loan facilities are available to PMJDY account holders.

FinancialEmpowerment

DigitalIndia

AccountForEveryCitizen

BankingAwareness

PensionSchemes - PMJDY is linked to pension schemes like Atal Pension Yojana.

WomenEmpowerment - Many PMJDY accounts have been opened in the names of women.

MobileBanking - Many PMJDY accounts support mobile banking for easy access.