What are the benefits of Pradhan Mantri Jan Dhan Yojana scheme ?






Boney Boney
Answered on March 23,2019

Following are the benefits of the Pradhan Mantri Jan Dhan Yojana scheme.

  • Interest on deposit.
  • Accidental insurance cover of Rs. 1.00 lac
  • No minimum balance required.
  • The scheme provide life cover of Rs. 30,000/- payable on death of the beneficiary, subject to fulfillment of the eligibility condition.
  • Easy Transfer of money across India
  • Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
  • After satisfactory operation of the account for 6 months, an overdraft facility will be permitted
  • Access to Pension, insurance products.
  • 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.
  • Overdraft facility upto Rs.5000/- is available in only one account per household, preferably lady of the household.


Lijo Lijo
Answered on March 23,2019

Benefits attached to the Pradhan Mantri Jan Dhan Yojana scheme are:

  • Interest on deposit.
  • Accidental insurance cover of Rs.1.00 lac
  • No minimum balance required. However, for withdrawal of money from any ATM with Rupay Card, some balance is advised to be keptin account.
  • Life insurance cover of Rs. 30,000/-
  • Easy Transfer of money across India
  • Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
  • After satisfactory operation of the account for 6 months, an overdraft facility will be permitted
  • Access to Pension, insurance products.