Pradhan Mantri Jan-Dhan Yojana -To Promote Saving Money through Saving Account

Pradhan Mantri Jan-Dhan Yojana (PMJDY), the world’s largest financial inclusion initiative (PMJDY), opens in a new window. It was announced by the Honourable Prime Minister of India Shri Narendra Modi on the walls of the Red Fort on August 15, 2014, and officially launched in the country on August 28, 2014. Introducing the initiative, Prime Minister Shri Narendra Modi described the event as a celebration, celebrating the liberation of the poor from the vicious circle. The Union’s Minister of Finance, Shri Arun Jaitley, said that the initiative represents a fundamental change for the economy, as it has created the platform for direct benefit transfers (DBT), which in turn will help to plug subsidy leaks and thus save the public purse. In addition, a certificate was issued which confirmed that most bank accounts were opened within a week as part of the Financial Inclusion Campaign.

प्रधान मंत्री जन धन योजना कार्यक्रम का उद्देश्य वित्तीय सेवाओं (बैंक, बचत और जमा खाते, स्थानान्तरण, ऋण, बीमा और पेंशन) तक सस्ती पहुंच प्रदान करना है। यह कार्यक्रम शहरी और ग्रामीण दोनों क्षेत्रों को कवर करता है और अपने खाताधारकों को स्थानीय डेबिट कार्ड (रुपे कार्ड) प्रदान करता है। राज्य योजना के लाभार्थियों को खातों के हस्तांतरण से सीधा लाभ प्राप्त होगा।

In this article, we will provide you with complete information about Pradhan Mantri Jan-Dhan Yojana. Kindly look through it for PMJDY Benefits & Feature, Current Progress, News Update, Eligibility Check, Documents Required, Registration, Sign up Log in, Online Form, How to Apply, Beneficiary List, Status Check.

Pradhan Mantri Jan-Dhan Yojana

The Pradhan Mantri Jan Dhan Program is a nationwide program launched by the Indian government to ensure the financial inclusion of people who do not have a bank account in the country. The government launched the program to provide financial services and products to individuals who did not have access to bank accounts. The program was launched in August 2014 and, according to a report by the Ministry of Finance, four Crore bank accounts were opened under the program in September 2014.

Pradhan Mantri Jan-Dhan Yojana

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. The program covers both urban and rural areas and provides its account holders with local debit cards (Rupay cards). Beneficiaries of the Government Scheme will receive direct benefits from the transfer of accounts.

Pradhan Mantri Jan-Dhan Yojana Benefits & Feature

The Pradhan Mantri Jan Dhan Project ensures access to financial products & services at an affordable cost. Financial inclusion includes the provision of banking services, the availability of basic savings and bank accounts, access to on-demand credit, remittances, insurance, and pensions for excluded areas.

  • Zero Balance Account:
    No minimum balance is required.
  • Direct Transfer of Benefits:
    Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
  • Insurance Benefits:
    Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28.8.2018) is available with RuPay card issued to the PMJDY account holders.
  • Benefits for the nominee:
    Life cover of Rs. 30,000/- (if the account is opened between 15.8.2014 to 31.1.2015) – a payment nominee would receive on the death of the beneficiary (subject to conditions).
  • Mobile Banking Facility:
    Enabling carrying out transactions through a mobile phone facilitates such account holders in checking of balance and also transferring funds with ease across India.
  • Loan Benefits:
    An overdraft (OD) facility up to Rs. 10,000/- to eligible account holders is available.
  • Rupay Debit card Facility:
    Rupay Debit card is provided to PMJDY account holder. Rupay Debit Card is an indigenous domestic debit card introduced by the National Payment Corporation of India (NPCI). This card is accepted at all ATMs (for cash withdrawal) and at most of the PoS machines (for making cashless payments for purchases) in the country.
  • Other Scheme Benefits:
    PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development & Refinance Agency Bank (MUDRA) scheme.

Pradhan Mantri Jan-Dhan Yojana Key Highlights

Name of the Schema Pradhan Mantri Jan-Dhan Yojana (PMJDY)
प्रधानमंत्री जन धन योजना
Announced By Hon’ble Prime Minister of India Shri Narendra Modi
Scheme Goal For promoting saving money through saving account with zero balance.
Name of the Department Department of Financial Services, Ministry of Finance,
Scheme Beneficiaries Citizens of India
No of Beneficiaries 43.47 Crore
Financial Assistance Zero balance account
Total Budget Allocated 15 crore poor persons
Official Website

Pradhan Mantri Jan-Dhan Yojana Current Progress

  • 43.47 Crore beneficiaries banked so far ₹144,791.35 Crore Balance in beneficiary accounts.
  • 1.26 lakh Bank Mitras delivering branchless banking services in Sub-Service Areas.
  • To help the poor tide over the coronavirus (COVID-19) crisis, the government had on 26 March 2020 announced a payment of ₹ 500 to women Jan Dhan account holders for three months, starting April 2020.
  • Accidental insurance cover for new RuPay cardholders has been raised from ₹ 1 lakh to ₹ 2 lakh to the Pradhan Mantri Jan Dhan Yojana accounts opened after August 28, 2018, according to the government.
  • Progress-Report: Beneficiaries as on 25/08/2021
Bank Name / Type Number of Beneficiaries at rural/semiurban centre bank branches Number of Beneficiaries at urban metro centre bank branches No Of Rural-Urban Female Beneficiaries Number of Total Beneficiaries Deposits in Accounts(In Crore) Number of Rupay Debit Cards issued to beneficiaries
Public Sector Banks 21.24 12.83 18.72 34.06 112759.93 26.79
Regional Rural Banks 6.85 0.97 4.53 7.81 28166.99 3.37
Private Sector Banks 0.69 0.57 0.69 1.27 4288.01 1.11
Grand Total 28.78 14.37 23.94 43.14 145214.94 31.27

Pradhan Mantri Jan-Dhan Yojana Eligibility Criteria

Under the Pradhan Mantri Jan-Dhan Scheme, a Basic Savings Bank Deposit (BSBD) account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having any other account.

  • You must be a citizen of India.
  • You should be at least 10 years of age.
  • You should not have a bank account.

Documents Required for Pradhan Mantri Jan-Dhan Yojana

  • If the Aadhaar Card/Aadhaar Number is available then no other documents are required. If the address has changed, then a self-certification of the current address is sufficient.
  • If Aadhaar Card is not available, then any one of the following Officially Valid Documents (OVD) is required: Voter ID Card, Driving License, PAN Card, Passport & NREGA Card. If these documents also contain your address, they can serve both as Proof of Identity and Address.
  • Passport size photo.

Pradhan Mantri Jan-Dhan Yojana Important Dates

Announced Date 15th August 2014
Launched Date  28th August 2014

Download Pradhan Mantri Jan-Dhan Yojana Forms

The name of the application form is the Financial Inclusion Account Opening Form. It is available in two languages. We can Download it through these links.

Pradhan Mantri Jan-Dhan Account Opening Form (Hindi)

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Pradhan Mantri Jan-Dhan Account Opening Form (English)

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{Step by Step Guide} How to Apply for PMJDY

  • For opening the account, you can download its form from the Official Website or from the website of any bank.
  • The application form for Pradhan Mantri Jan Dhan Yojana is known as the Financial Inclusion Account Opening Form.
  • There has a language option given for the user.
  • After Downloading the application form, you can fill in the asked details in the form carefully.
  • Attach the documents required for registration.
  • At last, submit your form with the required documents in the bank you want.
  • Also, complete all the formalities which have been asked by the bank official.
  • Now your registration process has been completed.

Pradhan Mantri Jan-Dhan Yojana Important Links

Pradhan Mantri Jan-Dhan Scheme Details Click Here
Official Website Click Here

PMJDY Contact Details & Helpline Number

We have provided all the details related to Pradhan Mantri Jan-Dhan Yojana. If you have faced any issues while applying for Pradhan Mantri Jan-Dhan Yojana, Kindly note below contact details for any help.

  • PMJDY Mission Office Address:
    Pradhan Mantri Jan Dhan Yojana, Department of Financial Services, Ministry of Finance,
    Room No. 106,2nd Floor, JeevanDeep Building, Parliament Street, New Delhi-110001
    Phone : 011-23361571 / 011-23748738
  • For Technical / Website related:
    Phone : 011-23362782 / 011-23361571

Pradhan Mantri Jan-Dhan Yojana FAQs

If both husband and wife who are opening accounts under PMJDY are eligible for Accidental Insurance Cover of Rs.2.00 lac and overdraft facility of Rs.5000/- in both the accounts separately?

Accidental Insurance cover of Rs.2.00 lac will be available to all account-holders. However, overdraft facility upto Rs.5000/- will be available to only one person in the family (preferably lady of the house) under PMJDY.

Can I open a joint account under Pradhan Mantri Jan Dhan Yojana?

Yes, you can open a joint account under Pradhan Mantri Jan-Dhan Yojana.

Can a minor (below 18 years of age) open an account under PMJDY?

A minor of above the age of 10 years can open his / her PMJDY account in any bank.

Do banks charge account opening fees for opening an account under PMJDY?

No. As per rules banks cannot charge any account opening fees. These PMJDY accounts are completely free from any charges.

Will I get a cheque book against my Pradhan Mantri Jan Dhan bank account?

Usually, the accounts opened under PMJDY are Zero balance accounts. If an account-holder wishes to get cheque book, he/she will have to fulfill the minimum balance criteria required by a bank.

Can I get my PMJDY account transferred to other City / State upon my transfer posting to other States?

All banks participating in PMJDY are on CBS (Core Banking Solution) platform and the account can easily be transferred to any branch of the bank in any city/town as per the request of the account-holder.

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