Pradhan Mantri Jan-Dhan Yojana was launched in 2014 with the objective to offer easy access to financial services that are related to Credit, Insurance, Remittance, Pension, Savings and Deposit Accounts. The highlighting part of the Pradhan Mantri Jan-Dhan Yojana account is that it can be opened in any bank branch with zero balance. But the user will have to maintain a minimum balance if he or she wants to get a chequebook in his name.
The aim behind launching the PMJDY was to tackle and get rid of the financial woes our citizens have been facing for years. With this scheme, the vision has been to ensure a bank account for every Indian household. Following are the few important features of Pradhan Mantri Jan Dhan Yojana:
For example : if the holder of the policy dies in an accident, the nominee will get up to Rs.2 lakhs under this policy. Apart from this, if the insured person undergoes permanent disability, Rs.2 lakhs can be availed.
In the case of permanent partial disability, Rs.1 lakh can be obtained. Pradhan Mantri Suraksha Bima Yojana is one of the best social security schemes that are offered along with minimum premium rates. PMJDY covers death, accident, and disabilities that are caused by any natural calamities. Apart from this, death due to murder is also covered in this policy. Any individual can sign up for this scheme easily. With the PMJDY scheme, now life protection can also be accessed by people with lesser means without putting a drain on their savings.
The process of opening a Jan Dhan Account is very simple. Here’s how you can easily open your account: