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Pradhan Mantri Jan-Dhan Yojana 2024: Benefits, Application Process, Eligibility Criteria and More

Pradhan Mantri Jan-Dhan Yojana is a government scheme launched by the Indian Government as a crucial part of promoting financial inclusion in the country. 

This scheme provides easy access to various financial services including Deposit and Savings Accounts, Pension, Insurance, Credit, and Remittance to the last miles of the society. 

Thus, Pradhan Mantri Jan-Dhan Yojana (PM-JDY) provides financial products and services to those by letting people open a zero-balance savings account and also providing an overdraft facility. 

What is Pradhan Mantri Jan Dhan Yojana?

Pradhan Mantri Jan Dhan Yojana was launched by the Indian Government in August 2014. It is implemented by the Ministry of Finance. Under the Pradhan Mantri Jan Dhan Yojana, no charges are required to open the account. 

The account opened under the Pradhan Mantri Jan Dhan Yojana attracts the marginalized and marginalized sections of society with poor financial conditions as it offers an overdraft facility, transfer of funds is hassle-free and simple, the interest on the savings account of the bank is Interest is earned as per the rate. And there is no mandatory provision to maintain a minimum balance.

Benefits of the PMJDY scheme

The PMJDY Scheme offers multiple benefits. Check below. 

1. The bank offers an interest rate on the deposits made in the savings account opened under the PMJDY scheme. 

2. There is no provision for maintaining a minimum balance in the bank account. However, if a beneficiary wishes to avail of cheque facilities, then maintaining a minimum balance is required. 

3. If the beneficiary maintains the Jan Dhan account for 6 months in a good way, then an overdraft facility of Rs 10,000 is provided. 

4. Beneficiaries are also entitled to an Accidental Insurance cover of Rs.1 lakh under the RuPay scheme.

5. Access to pension and insurance products is also provided under the scheme. 

 6. Under the scheme, a Direct Benefit Transfer option is also provided if the account holder is a beneficiary of other government schemes as well.

Eligibility Criteria for Opening an Account under Pradhan Mantri Jan Dhan Yojana

Individuals must meet the following criteria to be eligible to open a PMJDY account.

• Should not have a bank account anywhere.

• Should be at least 10 years of age

• Must be a citizen of India

Documents Required to Open PMJDY Account

If an individual wishes to open a PMJDY Account, then there is a list of documents that are required to be submitted. The list is mentioned below. 

• Voter ID

• Driving license

• Aadhaar

• The National Rural Employment Guarantee Act (NREGA) issued job cards

• Permanent Account Number (PAN) Card

• Passport

• A photograph attested along with a letter from a Gazetted officer 

• Identity card with photo (issued by the regulatory or statutory authorities, public financial institutions, scheduled commercial banks, public sector undertakings, state or central government departments.

How to open a Jan Dhan Yojana Account?

To open a Jan Dhan Yojana Account the following procedure is required to be followed:

1. Get the application form (available in both Hindi and English) from any nearby bank branch. 

2. Fill it up with correct data: it has three sections where you are required to fill in details of yourself, the person you consider as your nominee, and the bank in which you want to open the Jan Dhan account. 

3. Attach the required documents.

4. Submit it at the bank branch.

Pradhan Mantri Jan Dhan Yojana’s application form is called “financial inclusion account opening form.” Hence, it is available on the official website of PMJDY as well. You can download the form by visiting


1. What is the Pradhan Mantri Jan-Dhan Yojana?

The Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission for financial inclusion launched in August 2014. It aims to provide access to financial services such as banking/savings accounts, insurance, pension, and credit.

2. Who is eligible to open a PMJDY account?

Any Indian citizen who does not have a bank account and is at least 10 years old can open a PMJDY account.

3. Are there any fees required to open a Jan Dhan account?

No, there are no charges required to open a Jan Dhan account.

4. What are the benefits of opening a PMJDY account?

Benefits include a no minimum balance requirement, interest on deposits, an overdraft facility of up to Rs 10,000 after six months, accidental insurance cover of Rs 1 lakh, and access to pension and other insurance products.

Also Read:

Pradhan Mantri Matru Vandana Yojana 2024: Online Registration Process

Sukanya Samriddhi Yojana 2024: Interest Rate, Apply Online, Eligibility and All You Need To Know

Subhashree Panda

Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

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