Pradhanmantri Jan Dhan Yojana : “Mera Khata – Bhagya Vidhaata”

26 August 2014 :: Pradhanmantri Jan Dhan Yojana : “Mera Khata – Bhagya Vidhaata”

The primary aim of the Jan Dhan Yojana is to bring poor financially excluded people into the banking system by providing them bank accounts and debit cards.
The scheme will cover both urban and rural areas of India and all bank accounts opened will be linked to a debit card which would be issued under the Ru-Pay scheme. ( Rupay is India’s own unique domestic card network owned by National Payments Corporation of India and has been created as an alternative to Visa and Mastercard.)

 Every individual who opens a bank account becomes eligible to receive an accident insurance cover of up-to Rs 1 Lakh for his entire family.

 The Pradhan Mantri Jan Dhan Yojana has set an ambitious target of bringing in more than 7.5 crore un-banked families into India’s banking system by opening more than 15 Crore bank accounts at the rate of two bank accounts per household.

 Once the bank account has been active for 6 months and has been linked to account holders Aadhar identity , they would become eligible for an overdraft of up to Rs 2,500 , which would further be enhanced by the bank to Rs 5000 over time.

 The Jan Dhan Yojana also seeks to provide incentives to business and banking correspondents who serve as link for the last mile between savings account holders and the bank by fixing a minimum monthly remuneration of Rs 5000.

 The long term vision of the Jan Dhan Yojana is to lay the foundation of a cashless economy and is complementary to the Digital India Scheme.

 The Jan Dhan Yojana is expected to be launched formally on the 28th August 2014, when the finer details are expected to made public at a function to be presided by the Prime Minister and his Cabinet Ministers in New Delhi.

 Documents requried to open a Bank Account

If One has Aadhaar Number no other document is requried. If address has changed. then a self certification of the current address is requried.

If some one don’t have an Aadhaar Card, then Voter ID Card, Ration Card, Driving Licence, Letter from a recognized Public Authority or Public Servent or Sarpanch will do.

Otherwise any one of these [ as Identity proof ] Identity Card of any Accrrdited Institution, Job Cardissued by NREGA and any one of these [ as address proof ] Electricity or Telephone Bill, Birth or Marriage Certificate.