Pradhan Mantri Jan-Dhan Yojana
Banking Services for Financial Inclusion
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a Government of India financial inclusion initiative designed to provide access to basic banking and financial services to eligible individuals.
Through participating banks and authorised CSP / Bank Mitra outlets, eligible customers can get information and assistance regarding Jan Dhan account opening and available banking facilities.
What is Pradhan Mantri Jan-Dhan Yojana?
The Pradhan Mantri Jan-Dhan Yojana, commonly known as PMJDY, was launched to expand access to formal banking services, particularly for people who are unbanked.
Under the scheme, eligible individuals can open a Basic Savings Bank Deposit (BSBD) account through a participating bank branch or authorised Business Correspondent/Bank Mitra.
A PMJDY account can provide access to basic banking services and other eligible financial facilities according to the applicable scheme and bank rules.
Who Can Open a Jan Dhan Account?
PMJDY is primarily intended to provide banking access to unbanked individuals.
Account opening is subject to the applicable eligibility criteria, KYC requirements and procedures of the concerned participating bank.
Eligibility may include:
- Eligible individual applicant
- Applicable age and KYC requirements
- Required identity/address information
- Compliance with the concerned bank’s account opening process
Jan Dhan Account Benefits
Basic Banking Account
Eligible individuals can access a basic savings bank deposit account under PMJDY.
No Minimum Balance
PMJDY basic savings bank deposit accounts have no minimum balance requirement, subject to applicable banking conditions.
RuPay Debit Card
Eligible PMJDY account holders can receive a RuPay debit card, subject to applicable scheme conditions.
Direct Benefit Transfer
Eligible government benefits can be received through Direct Benefit Transfer (DBT) when the beneficiary and account meet the applicable requirements.
Overdraft Facility
Eligible PMJDY account holders may get an overdraft facility of up to ₹10,000, subject to eligibility and applicable bank conditions.
Financial Services
PMJDY helps eligible customers connect with other financial services such as insurance, pension and credit facilities.
Frequently Asked Questions
What is Pradhan Mantri Jan-Dhan Yojana?
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a financial inclusion scheme of the Government of India designed to provide eligible individuals access to basic banking and financial services.
What is a Jan Dhan Account?
A Jan Dhan Account is a basic savings bank deposit account opened under the PMJDY framework for eligible individuals.
Is Jan Dhan Account a zero balance account?
PMJDY basic savings bank deposit accounts have no minimum balance requirement, subject to applicable terms.
Can I open a Jan Dhan Account through CSP?
Eligible customers may be able to open a PMJDY account through an authorised CSP/Bank Mitra, subject to the concerned bank’s process and KYC requirements.
Can Jan Dhan Account receive DBT?
Yes, eligible government benefits can be credited through DBT when the applicable beneficiary and account requirements are fulfilled.
Is RuPay card available with Jan Dhan Account?
Eligible PMJDY account holders can receive a RuPay debit card subject to the applicable scheme and bank conditions.