Scheme : PRADHAN MANTRI JAN DHAN YOJANA (PMJDY)
Launched : 28 August 2014
Objectives :
To provide basic banking accounts to 7.5 crore unbanked people with RuPay debit card and overdraft facility(after six months).
Facilities :
Easy transfer of money across India.
Transfer of benefits under DBT in these accounts
Access to pension and insurance products.
A bank account with no minimum balance; and interests on deposits
Accidental Insurance Cover of Rs. 1 Lakh; life cover of Rs.30000/-payable on death of beneficiary.
Overdraft facility up to Rs.5000/- on satisfactory operation of 6 months.
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