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| Mentor 4 CA |
Government
today reiterated that the Pradhan Mantri Jan Dhan Yojana (PMJDY) continues to
be a robust scheme which provides benefits even when there is no balance in the
accounts.
Finance
Ministry in a release said, government remains committed to adding value to the
PMJDY by routing benefits directly into bank accounts under various schemes.
The Ministry
said, PMJDY is a national mission for financial inclusion to ensure access to
financial services, deposit accounts, remittances, credit and accident
insurance.
It said, Jan
Dhan accounts accounts can be opened with zero balance and there is no
requirement of maintaining a minimum balance.
Finance
Ministry said, over 24 crore Jan Dhan accounts have been opened and deposits of
42,000 plus have been received in these accounts.
In December,
2014, over 10.45 crore Jan Dhan accounts had deposits of eight thousand 353
crore rupees. The deposits have been rising steadily during this period.
About Pradhan
Mantri Jan-Dhan Yojana (PMJDY):
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.
Account can be
opened in any bank branch or Business Correspondent (Bank Mitr) outlet. 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.
Special Benefits
under PMJDY Scheme
a) Interest on deposit
b) Accidental insurance cover of
Rs. 1 lac
c) No minimum balance required.
d) The scheme provide life cover
of Rs. 30,000/- payable on death of the beneficiary, subject to fulfillment of
the eligibility condition.
e) Easy Transfer of money across
India
f) Beneficiaries of Government
Schemes will get Direct Benefit Transfer in these accounts.
g) After satisfactory operation
of the account for 6 months, an overdraft facility will be permitted
h) Access to Pension, insurance
products.
i) The Claim under Personal
Accidental Insurance under PMJDY shall be payable if the Rupay Card holder have
performed minimum one successful financial or non-financial customer induced
transaction at any Bank Branch, Bank Mitra, ATM, POS, E-COM etc. Channel both
Intra and Inter-bank i.e. on-us (Bank Customer/rupay card holder transacting at
same Bank channels) and off-us (Bank Customer/Rupay card holder transacting at
other Bank Channels) within 90 days prior to date of accident including
accident date will be included as eligible transactions under the Rupay
Insurance Program 2016-2017.
j) Overdraft facility upto
Rs.5000/- is available in only one account per household, preferably lady of
the household.
