PRADHAN MANDIRI JAN DHAN YOJNA
Main Features of PMJDY
- There is no requirement of minimum balance.
- The services available include deposit and withdrawal of cash at bank branch as well as ATMs; receipt/credit of money through electronic payment channels or by means of collection/deposit of cheques.
- Maximum of 4 withdrawals a month including ATM withdrawal. No such limit for deposits.
- Facility of ATM card or ATM-cum-Debit card.
- These facilities are to be provided without any extra cost.
- Minimum age - Above 10 years.
- Debit card - Rupay Card,to be used atleast once in 45 days. Accident insurance (Rs 1.00 lac)cover available, life Insurance cover of Rs 30000 is also available.
- OD amount - Rs 5000 after 6 months of satisfactory operation, only one person in the family