PowerPoint Presentation

On
Pradhan Mantri Jan
Dhan Yojana
(PMJDY)

Presented To : Presented By:

Prof( Dr.) Narinder Kumar Bhasin Bhaskar Jyoti Kalita
Professor - Banking - ASIBAS ABYB 5th Batch
Former V.P - Axis Bank Limited Section A
Mail id : nkbhasin@amity.edu
1
 CONTENT
INTRODUCTION
SPECIAL BENEFITS
INDIVIDUALS ELIGIBLE FOR THIS SCHEME
DOCUMENTS REQUIRED
FEES AND CHARGES
 INTRODUCTION

Pradhan Mantri Jan-Dhan Yojana (PMJDY), was launched by

the Prime Minister of India Narendra Modi on 28 Aug 2014.
PMJDY is a National Mission on Financial Inclusion encompassing an
integrated approach to bring about comprehensive financial and to
ensure access to financial services, namely, Banking/ Savings &
Deposit Accounts, Remittance, Credit, Insurance, Pension in an
affordable manner.
Till date 30.26 cr bank accounts were opened and almost 666
billion were deposited under the scheme.
1.26 lakh Bank Mitras delivering branchless banking services in sub-
service areas.
Special Benefits under PMJDY Scheme
No minimum balance required ( to get cheque book,
he/she will have to fulfill minimum balance criteria)
Interest on deposit 3.5%
Accidental insurance cover of Rs. 1 lac
The scheme provide 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 6 months, an overdraft facility will be permitted
Overdraft facility upto Rs.5000/-
Access to Pension, insurance products.
Rupay Debit card
4 withdrawals a month (including ATM withdrawals) and
unlimited deposits
 Avail mobile banking, without downloading an
application

Once mobile number is registered, use the MPIN to

access basic banking services like money transfer,
bill payments, balance enquiries, merchant
payments, etc. on a simple GSM mobile phone, and
basic handset without using any app.

Individuals eligible for PMJDY Account

Any individual above the age of 10 year

DOCUMENTS REQUIRED FOR PMJDY

Aadhaar Card/Aadhaar Number

If Aadhaar Card is not available, one of the following Officially Valid

Documents(OVD) is required:
Voter ID Card
Driving License
PAN Card
Passport
NREGA Card

If Officially Valid Documents are not available, and individual

is categorised as low-risk by banks, one of the following documents is
required:
Identity Card with applicants photograph issued by Central/State
government departments, statutory/regulatory authorities, public sector
undertakings, scheduled commercial banks and public financial institutions
Letter issued by a gazette officer, with a duly attested photograph of the
person
Fees and charges
No charges or account opening fees

No premium or charges for insurance

covers

For mobile banking, charges as applicable

by the telecom operator (not more that
Rs. 1.50 per transaction)

Interest amount of Base rate + 2% or 12%,

whichever is lower, charged on overdrafts
THANK YOU