A brief information on Pradhan Mantri Jan Dhan Yojana (PMJDY) and how to apply for it?

 Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a revolutionary financial inclusion program launched by the Indian government. Here are the key points about PMJDY:

1. Objective:

   • To provide universal access to banking services for all citizens.
   • To ensure financial inclusion by promoting savings, insurance, and pension schemes.

2. Achievements:

   • Over 51.86 crore beneficiaries have been banked under PMJDY.
   • A total balance of ₹220,334.86 crore exists in beneficiary accounts.
   • 11.59 lakh Bank Mitras (banking correspondents) deliver branchless banking services across the country.

3. Features:

   • No minimum balance requirement for opening an account.
   • Overdraft facility of up to ₹10,000 available for one account per household.
   • Accidental insurance cover of ₹1 lakh.
   • Life insurance cover of ₹30,000.
   • 4% interest per annum on account balances.

4. How to Apply:

   • You can apply for PMJDY through either of these methods:
     • Online Application:
       1. Download the PMJDY account opening form from the Pradhan Mantri Jan Dhan Yojana website.
       2. Fill out the form.
       3. Submit the form and supporting documents online.
     • Physical Application:
       1. Collect the PMJDY account opening form from a nearby bank branch.
       2. Fill out the form.
       3. Submit the form and supporting documents physically at the bank.

Remember that PMJDY aims to bring financial services to every household, especially those from economically weaker sections. It’s a step toward a more financially inclusive India! 🇮🇳💰