Home Pradhan Mantri Jan Dhan Yojna (PMJDY) Government Scheme (Apply Online): Objectives, Benefits, Eligibility, & Online registration
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Pradhan Mantri Jan Dhan Yojna (PMJDY) Government Scheme (Apply Online): Objectives, Benefits, Eligibility, & Online registration

Jan Dhan Yojana

Hello Friends, Today we are going to discuss the Pradhan Mantri Jan-Dhan Yojana, We will also cover in this article what is the eligibility for Pradhan Mantri Jan-Dhan Yojana and schemes.

“Pradhan Mantri Jan-Dhan Yojana” was launched initially for a period of 4 years on 28th August 2014. It envisages universal access to banking facilities with a minimum of one basic banking account for each household, financial literacy, access to credit, insurance, and pension.

PMJDY  provides a platform for the three Social Security schemes.  Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Atal Pension Yojana (APY) and Pradhan Mantri Mudra Yojana (PMMY).

The Government has decided to extend the good PMJDY  with the change  on opening accounts from “every household” to “every adult”, with these following modification:

 (i) Existing Overdraft (OD) limit of Rs. 5,000 revised to Rs. 10,000.

 (ii) No conditions attached for active PMJDY accounts availing OD up to Rs. 2,000.

 (iii) regulation for availing OD facility revised from 18-60 years to 18-65 years.

 (iv) The accidental insurance protects new RuPay card holders raised from existing Rs.1 lakh to Rs. 2 lakh to new PMJDY accounts which are opened after 28.8.2018.

Scheme Details

Pradhan Mantri Jan-Dhan Yojana is National Mission for Financial Inclusion to form sure access to financial services, namely, a basic savings & deposit accounts, remittance, credit, insurance, pension in a reasonable manner.

Under the scheme, a basic savings deposit (BSBD) account are often opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having the other account.

Benefits under PMJDY

One basic savings checking account is opened for an unbanked person.

There is no requirement to take care of any minimum balance in PMJDY accounts.

Rupay open-end credit is provided to the PMJDY account holder.

Accident Insurance Cover of Rs.1 lakh is out there with RuPay card issued to the PMJDY account holders.

Life Insurance Cover of Rs. 30,000 to eligible PMJDY account holders who opened their account for the primary time between 15.8.2014 to 31.1.2015 is out there.

An overdraft (OD) facility up to Rs. 10,000 to eligible account holders are available.

Pradhan Mantri Jan-Dhan Yojana 2020

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.


i. The person opening Bank account for the first time, with RuPay Card in addition, during the period from 15-08-14 to 26-01-15, or any additional period as may be extended further by the Government of India.

ii. The person should normally be head of the family or an earning member of the family and will be within the age bracket of 18 to 59 ( i.e. person should be at least 18 years old, and should not have completed 60 years of age).

In case the top of the family is 60 years or more aged, the second earning person of the family within the above-mentioned age bracket are going to be covered, subject to eligibility.

iii. The person must have a RuPay Card and Bio – Metric Card linked to checking account or in process of being linked to checking account if not already there.

iv. The account is often any checking account including a little account. v. For the coverage to be effective the above RuPay Card should be valid and effective at the time of the death of the member

vi. Only one person within the family are going to be covered within the Bima Scheme and just in case of the person having multiple cards/accounts the benefit is going to be allowed only under one card i.e. one person per family will get one cover of Rs.30,000/-, subject to the eligibility conditions.

vii. The life cover of Rs 30,000/- under the scheme is going to be initially for a period of 5 years, i.e. till the close of the financial year 2019-20.

Thereafter, the scheme is going to be reviewed and terms and conditions of its continuation, including the difficulty of future payment of premium by the insured thereafter, would be suitably determined.

viii. In case the PMJDY Account is held jointly, then the primary account holder i.e. primary Account holder is going to be eligible for canopy subject to the eligibility conditions.

How To Apply?

You can download the application form for Pradhan Mantri Jan Dhan Yojana from the scheme’s official website, fill it out, and submit it at the local bank branch.

You will also have to provide some documents along with the form to avail this scheme.