Pradhan Mantri Jan Dhan Yojana (PMJDY)
Purpose
- To offer basic banking facilities like deposit and withdrawal
- Zero-balance account that simplifies banking for people seeking basic facility
Eligibility
Individuals above the Age of 10 Years.
Features
Salient Features
- Simplified KYC norms
- No initial deposit required
- No minimum balance required
- Total deposit up to Rs.1 lakh per annum.
- Accidental insurance cover* up to INR 1,00,000/- on Rupay Debit card without any charge to the customer (Terms & conditions apply*)
- Facility for linking the account with Aadhar Number for receiving all the benefits
- Free monthly cash deposit transactions at Non- base branch – 7
- 25 free cheque leaves every half year (will only be supplied on customer’s request)
- Passbook / e-mail statement facility
Alternate/Digital channel features
- Per day ATM withdrawal up to INR 10,000/-
- Four free ATM withdrawals per month
Other features
- Internet Banking, Mobile Banking, SMS Alert, SMS Banking, Missed Call Banking and Call Centre
- Fund Transfer, Standing Instruction, ECS, Cheque collection facilities
- Utility bill payments through branch, BC/Agent Point, Net banking or Mobile banking
- Tracking of deliverables including cheque books, debit card and bank statements through net banking
