There is no requirement to maintain any minimum balance _______ in accounts.

Key Points

• Pradhan Mantri Jan Dhan Yojana(PMJDY) is a financial inclusion scheme launched on 28 August 2014 by PM Narendra Modi.
• He announced this scheme in his first Independence Day speech on 15 August 2014.
• The slogan for this scheme is "Mera Khata Bhagya Vidhata."
• The nodal ministry of this scheme is the Ministry of Finance(MoF).
• The main objective of this scheme is to provide universal access to banking facilities to all households in the country.
• The scheme provides basic banking facilities like a savings account, deposit accounts, and remittance services.
• Benefits under PMJDY:
  • One basic savings bank account is opened for unbanked people.
  • There is no requirement to maintain any minimum balance in PMJDY accounts.
  • Rupay Debit card is provided to PMJDY account holders.
  • Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh for new PMJDY accounts opened after 28.8.2018) is available with a RuPay card issued to the PMJDY account holders.
  • An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.
  • 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.

Additional Information

List of schemes of the government of India: