logo

Pradhan Mantri Jan Dhan Yojana (PMJDY)


"Pradhan Mantri Jan-Dhan Yojana (PMJDY)" under the National Mission for Financial Inclusion was launched initially for a period of 4 years (in two phases) on 28th August 2014. It envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension.

PMJDY has provided a platform for the three social security schemes viz. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY) and Pradhan Mantri Mudra Yojana (PMMY).

The Government has decided to extend the comprehensive PMJDY program beyond 28.8.2018 with the change in focus on opening accounts from “every household” to “every adult”, with following modification:

(i) Existing Over Draft (OD) limit of Rs. 5,000 revised to Rs. 10,000.
(ii) No conditions attached for active PMJDY accounts availing OD upto Rs. 2,000.
(iii) Age limit for availing OD facility revised from 18-60 years to 18-65 years.
(iv) The accidental insurance cover for new RuPay card holders raised from existing Rs.1 lakh to Rs. 2 lakh to new PMJDY accounts opened after 28.8.2018

Scheme Details

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, a basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner. Under the scheme, a basic savings bank deposit (BSBD) account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having any other account.


Benefits under PMJDY
  • a. One basic savings bank account is opened for unbanked person.
  • b. There is no requirement to maintain any minimum balance in PMJDY accounts.
  • c. Interest is earned on the deposit in PMJDY accounts.
  • d. Rupay Debit card is provided to PMJDY account holder.
  • e. Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28.8.2018) is available with RuPay card issued to the PMJDY account holders.
  • f. An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.
  • g. PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development & Refinance Agency Bank (MUDRA) scheme.

For more details, click here https://www.pmjdy.gov.in/