Document required to open a low account Pradhan Mantri Jan-Dhan Yojana

Details of the scheme

Pradhan   Mantri   Jan-   Dhan   Yojana   (PMJDY) is the National Mission for Financial Inclusion to guarantee access to financial services, namely, bank / savings and deposit accounts, remittances, credits, insurance, pensions in an affordable manner.

The account can be opened in any bank branch or in a branch of Business Correspondent (Bank   My TR   ) .   The accounts opened under PMJDY are opening with zero balance.   However, if the account holder wishes to obtain   a   check book   checks   , must meet the minimum balance criteria.

 

Document required to open a low account   Pradhan   Mantri   Jan-   Dhan   Yojana

An account can be opened by presenting an officially valid document.

 

i.                     The passport,

ii.                the permission of   drive   ,

iii.               the Permanent Account Number Card (PAN),

iv.                the voter's identity card issued by the Electoral Commission of India,

v.                 work card issued by NREGA duly signed by an official of the State Government,

vi.              the letter issued by the Unique Identification Authority of India containing details of         the name, address and   number of   Aadhaar   , or

vii.     Any other document notified by the central government in consultation with the     regulator:  
Provided that when simplified measures are applied to verify the identity of the clients, the following documents will be considered officially valid documents:

a. Identity card with photograph of the applicant issued by central / state government departments, regulatory / regulatory authorities, public sector companies, scheduled commercial banks and public financial institutions;

b.  Letter   issued by a   official of   Gazetted   , with a duly certified photograph of the person.

 

The Reserve Bank of India (RBI), in its Press Release of 26.08.2014, clarified that people who do not have any of the "officially valid documents" can open "Small Accounts" with banks.   You can open a "Small Account" on the basis of an authenticated photograph and put your signatures or fingerprints in the presence of bank officials. Such accounts have limitations with respect to aggregate credits (no more than one Rupees a   lakh   in one year), aggregate withdrawals (no more than ten thousand Rupees in a month) and balance in the accounts (no more than fifty thousand Rupees at any time )) .   These accounts would normally be valid for a period of twelve months.   Thereafter, these accounts will be allowed to continue for an additional 12-month period, if the account holder provides a document proving that they have requested any of the officially valid Documents, within 12 months after the opening. of the small account.

 

Special benefits under the PMJDY scheme

1.                                                  Interest in deposit.

2.                                                  Accidental insurance coverage of Rs.   1.00   lac

3.                                                  No minimum balance is required.

4.                                                  The   scheme provides   life coverage of Rs.   30,000 / - to be paid in                   case of death of the beneficiary, subject to compliance with the eligibility                    condition.

5.                                                  Easy money transfer through India

6.                                                   The beneficiaries of the government schemes will obtain direct benefits                       transfers in these accounts.

7.                                                 After a satisfactory operation of the account for 6 months, an overdraft                       facility will be allowed

8.                                                  Access to pensions, insurance products.

9.                                                  The Claim under Personal Accident Insurance under PMJDY will be paid if the   Cardholder   Rupay   You have made at least one successful transaction induced by the customer or financial institution in any bank branch, Bank   Miter   , ATM, POS, E-COM, etc. Channel both Intra and Interbanco, that is, on-us (   Transactions with the   Bank customer /  holder of the tarjetarupay   in the same channels of the Bank) and off-us (   Transactions with the cardholder of the   Client /   Rupay del   bank in other channels of the Bank) within 90 days prior to the date of the accident, including the date of the accident included as eligible transactions under the   Insurance program   Rupay   2016-2017.

10.  The overdraft facility   until   Rs. 5000 / - is available in a single account per household, preferably the lady of the household.