The government has run a scheme for the poor and needy people of the country, in which you do not need to keep a single rupee in the bank account and still you can take advantage of insurance up to Rs 2 lakh. The name of this scheme is Pradhan Mantri Jan Dhan Yojana (Pradhan Mantri Jan Dhan Yojana).
This scheme was started in the year 2014 and its aim was to connect every citizen of the country with the banking system. Especially the people of poor sections, who were far from the facilities of the bank, were tried to give them the benefit of banking services directly under this scheme.
What is Pradhan Mantri Jan Dhan Yojana?
Pradhan Mantri Jan Dhan Yojana i.e. PMJDY is a scheme under which any citizen can open his bank account without any money. This account is called Jan Dhan account and its most important thing is that there is no need to keep a minimum balance in it.
This means that even if there is not a single rupee in your account, your account will remain on and the bank will not take any penalty or charge from you. This is the reason why this scheme is proving to be a boon especially for poor and lower income groups.
Poor benefits of Jan Dhan account
Now let’s talk about some big and strong benefits from this scheme, which make it more special.
1- Zero Balance Account: In the account that opens under this scheme, you do not need to keep any minimum amount.
2- Free Insurance Cover: The best cover of accidental insurance is available with this account. If an account holder dies in an accident, then his family is given a assistance of up to Rs 2 lakh. On the other hand, if a person becomes partially disabled, then he gets insurance cover of up to Rs 1 lakh.
3- Life Insurance: Apart from this, a life insurance cover of up to Rs 30,000 is also given to the Jan Dhan Account holder, which works like a security shield for his future.
Overdraft facility is also strong
Under this scheme, account holders not only get the benefit of insurance, but they are also given overdraft facilities. That is, if you do not have money, you can still borrow up to Rs 10,000 from the bank. But keep in mind, this facility is available only when your Jan Dhan account is at least 6 months old and the transaction is happening properly in it.
Interest also benefits
Whatever money is deposited in the Jan Dhan account, 4 percent annual interest is also given to the account holders. That is, this account not only keeps your money safe but also pays interest on it.
How to open Jan Dhan account?
It is very easy to open a Jan Dhan account. For this, you can fill the form by going to any government or private bank branch near you. You can open this account by giving Aadhaar card, voter ID, ration card or any identity card. Some banks have started providing this facility online too, so that you can open an account sitting at home without line.