The National Mission of Financial Inclusion named as the Pradhan Mantri Jan Dhan Yojana seeks to integrate the poorest of the poor with bank accounts.
The mission will be implemented in two phases, the details of which are as follows.
Phase I - 15 August 2014 - 14 August 2015
Phase II - 15 August 2015 - 14 August 2018
Phase III - beyond 14 August 2018
Finance Ministry has said people who do not have officially valid documents or Aadhaar numbers can open Jan Dhan bank accounts by submitting two copies of signed photographs at a bank branch.
"RBI has issued guidelines dated August 26, 2014, where people who do not have officially valid documents or Aadhaar numbers can still get bank accounts opened by submitting two copies of signed photographs at the bank branch," an official statement said.
However, it said these accounts will be called small accounts and shall normally be valid for 12 months and shall be continued subject to showing of proof that he/she has applied for any of the officially valid document within 12 months of opening of such 'Small Account'.
These accounts have certain limitations such as balance at any point of time should not exceed Rs 50,000, total credit in one year should not exceed Rs 1 lakh, and total withdrawal should not exceed Rs 10,000 in a month.
An existing account holder need not open another bank account to avail of benefits under Pradhan Mantri Jan Dhan Yojana (PMJDY). The insurance benefits are available through the RuPay Card. The existing account holders can submit an application to the concerned branch to enable them to get a RuPay Debit Card in order to avail of the benefits of insurance under PMJDY. Micro credit limit of Rs 5,000 can also be extended in existing bank accounts on application depending on the satisfactory conduct of the account.
Anybody desirous of opening an account can submit the application form to the nearest bank branch/bank mitr for opening the account, it said. This one page account opening form is also available on the website of the Department www.financialservices.gov.in.
Whether Joint account can be opened in Pradhan Mantri Jan-Dhan Yojana?
Yes, joint account can be opened.
What is RuPay Debit Card?
Rupay Debit Card is an indigenous domestic debit card introduced by 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 payment for purchases) in the country.
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).
What documents are required to open an account under Pradhan Mantri Jan-Dhan Yojana?
Whether Cheque Book will be issued in accounts opened under PMJDY?
In PMJDY accounts are being opened with Zero balance. However, if the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria, if any, of the bank.
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 Savings Bank account in any 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.
Source : Department of Financial Services, Ministry of Finance, GoI
শেহতীয়া উন্নীতকৰণ: : 9/20/2020