Pradhan Mantri Jan Dhan Yojana (PMJDY) is a national mission launched by the Government of India on August 28, 2014, to ensure financial inclusion for every citizen. The initiative aims to provide access to banking services, such as savings accounts, remittance facilities, insurance, and pensions, especially for the unbanked sections of society.
The primary objectives of the Pradhan Mantri Jan Dhan Yojana scheme are:
The PMJDY scheme enables individuals to open a zero-balance savings account with any participating bank. These accounts come with free financial services like:
The PMJDY features include:
You may also want to know Pradhan Mantri Matru Vandana Yojana
To open a PMJDY account, follow these steps:
Since its launch, PMJDY has witnessed significant progress:
The Jan Dhan Darshak App is a mobile application launched to assist users in locating banking touchpoints such as:
You may also want to know Credit Linked Subsidy Scheme
The Pradhan Mantri Jan Dhan Yojana has transformed financial accessibility in India. By providing free banking services, insurance, and credit facilities, the scheme has empowered millions of unbanked individuals. The continued success of PMJDY depends on further financial literacy and digital banking integration.
Any Indian citizen above the age of 10 years can open a PMJDY account.
No, PMJDY accounts are zero-balance accounts. However, to avail of certain benefits like an overdraft facility, maintaining a small balance may be advisable.
Aadhaar card, voter ID, PAN card, or any government-approved KYC document along with two passport-sized photographs.
PMJDY offers ₹2 lakh accidental insurance cover and ₹30,000 life insurance for eligible account holders.
You can check your balance through net banking, mobile banking apps, ATM withdrawals, or by visiting the bank branch.
If a PMJDY account is operated actively for six months, the account holder becomes eligible for an overdraft facility of up to ₹10,000.
Yes, a PMJDY account can be converted into a regular savings account by fulfilling the bank’s KYC norms.
The app helps users locate nearby bank branches, ATMs, and Business Correspondents to access banking services conveniently.