PM Jan Dhan Yojana: 44 crore Accounts Opened Till Now; Check Benefits and Other Important Details

PMJDY: The number of bank accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) has reached to 44 crore in the past 7 years, informed Finance Ministry official on Friday. Prime Minister Narendra Modi had introduced this scheme in his Independence Day speech on August 15, 2014.

It was started on August 28, 2014, with the goal of promoting financial inclusion. 

This national mission was established to guarantee that individuals have simple access to financial services such as banks, remittance services, loans, insurance, and pensions. Manisha Sen Sharma, Economic Adviser, Department of Economic Affairs, stated in an ASSOCHAM program that the PM Jan Dhan Yojana has been a huge success since its beginning. He stated that up to October 2021, around 44 crore beneficiaries have been linked with banks, and the government has been successful in obtaining money deposited in their bank accounts from the impoverished portion of the people through this scheme. 

Benefits of Jan Dhan Account 

In contrast to conventional savings accounts, no deposit is required while creating a Jan Dhan account. Along with the account, the user receives a RuPay Debit Card, which is loaded with several features. All of the features that are available on the rest of the savings accounts are available on this account. With a debit card, life insurance and 'purchase protection benefits' mean that if the card is stolen or there is any fraud in the transaction, the government will provide assured protection. 

Accidental Coverage of Rs.2 lakhs 

The Pradhan Mantri Jan Dhan Yojana- PMJDY provides many forms of financial help. Furthermore, you are provided with accidental coverage without having to pay a premium. Account-holders who established their accounts after August 28, 2018, have begun to receive accidental insurance coverage of Rs.2 lakh. 

 Important considerations while opening a Jan Dhan account  

• This account can be opened by anybody above the age of 10.

• Documents fulfilling the KYC requirements, such as an Aadhar Card, a passport, or a driving licence, can be submitted.

• You can open a small account if you don't have any documents.

• In this, you must fill out a self-attested photograph and sign in front of a bank officer.

• There are no fees or charges associated with opening a Jan Dhan account.  

Jan Dhan account has many benefits: 

• Up to Rs.2 lakh in accidental insurance coverage

• After 6 months, the overdraft facility

• Free Mobile Banking, Deposit Interest

• RuPayDebit Card, which allows you to withdraw money and shop. 

• The direct money of government scheme benefits enters the account. 

• Can transfer money across the country.

• It is easy to purchase insurance and pension products using a Jan Dhan account.