Pradhan Mantri Jan Dhan Yojana

Who can apply for PMJDY

• Any Indian citizen who does not already have a bank account. There is no upper age limit.
• One basic savings bank account is opened per unbanked person.
• A joint account can also be opened.

PMJDY benefits

• Basic savings account with no minimum balance requirement.
• Interest on deposits at the bank's normal savings account rate.
• Free RuPay debit card with built-in accident insurance: ₹2 lakh for accounts opened after 28 August 2018, ₹1 lakh for older accounts. No premium is charged.
• Overdraft of up to ₹10,000 for one account holder per household, after six months of satisfactory use of the account, subject to the bank's eligibility checks.
• The account can receive Direct Benefit Transfers and be used to join PMJJBY, PMSBY, Atal Pension Yojana and MUDRA loans.

How to apply for PMJDY

1. 1Visit any bank branch or Business Correspondent (Bank Mitra) outlet.
2. 2Fill in the PMJDY account opening form.
3. 3Submit it with your KYC documents.
4. 4The bank verifies the documents and activates the account.

Documents needed for PMJDY

• Aadhaar card
• Government ID proof such as voter ID, PAN card or ration card
• Address proof such as passport, driving licence, or an electricity, telephone or water bill
• Passport-size photograph
• Filled and signed PMJDY account opening form

Where it applies

Every state and union territory. See what else applies near you