Jan Dhan Yojana, Translated in English as Public Money Scheme points at its aim from the very basis of its name, a scheme launched by the Modi government after the NDA came into the power, Jan Dhan Yojana has led 38.89 Crore beneficiaries to be banked so far resulting in an ₹131,445.35 Crore Balance in beneficiary accounts.

As you visit the official website of this scheme, you may find the heading as Jan Dhan Yojana- a revolutionary financial inclusion programme, which is a big and a necessary step for India to involve every section of the society and offer them with an equal opportunity.

Now, India is a massively populated country, but most of the population do not have bank accounts. But this was before the scheme launched as it focused on the opening of more and more bank accounts with zero balance. Yes, and what it did was open chances for people deserving of the financial services to receive them like banking/ savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner.

So, let us get started with Pradhan Mantri Jan Dhan Yojana features:

Who can Open the account?

Well, including all, yes, all the Indian citizens in the mission, the account can be opened by any Indian citizen. The age criteria include a minor above the age of 10 years who can open the Saving account in any Bank. You can also opt for Pradhan Mantri Jan Dhan Yojana online account opening.

How much is the Jan Dhan Yojana account limit?

There is no upper limit for you if you have a fully KYC compliant account.

Where can the account be opened?

The accounts opened under PMJDY can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet.

Opened for Free But Still Has To Have Minimum Balance. Why?

Well, with a fact of them being opened with Zero balance, there is also a fact that if the account-holder wishes to get cheque book, he/she will have to fulfil minimum balance criteria.

Will there be any charges?

There are no charges on opening a PMJDY account.

What is the interest rate and do I need to open this account?

The 4% interest rate saving account can be opened by presenting an officially valid document including:

  • the passport,
  • the driving licence,
  • the Permanent Account Number (PAN) Card,
  • the Voter’s Identity Card issued by Election Commission of India,
  • job card issued by NREGA duly signed by an officer of the State Government,
  • the letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number, or
  • any other document as notified by the Central Government in consultation with the Regulator like identity card with applicant’s photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions; letter issued by a Gazetted officer, with a duly attested photograph of the person.


According to the press release by the Reserve Bank of India (RBI) on 26.08.2014, the organisation has clarified what the individuals with no ‘officially valid documents’ can do. They can open “Small Accounts” with banks.

Yes, a “Small Account” can be opened based on a self-attested photograph by an Indian citizen by putting his/her signatures or thumbprint in the presence of officials of the bank. However, these accounts have limitations concerning the:

aggregate credits (not more than Rupees one lakh in a year),

aggregate withdrawals (nor more than Rupees ten thousand in a month)

balance in the accounts (not more than Rupees fifty thousand at any point of time)

The validity of these accounts is for twelve months. Such accounts would be allowed to continue for a further period of twelve more months, if the account-holder provides a document showing that he/she has applied for any of the Officially Valid Document, within 12 months of opening the small account.


Well, firstly, like any other saving account, you will receive interest on the deposit.

But, unlike any other saving account, you will get an accidental insurance cover of Rs. 2 lakhs

There is no minimum balance required.

The scheme provides life cover of Rs. 30,000/- payable on the death of the beneficiary, subject to fulfilment of the eligibility condition.

For everyone, well there is a feature of easy transfer of money across India

What else? Well, the beneficiaries of government schemes will get direct benefit transfer in these accounts, which was also a big reason behind launching this scheme.

After satisfactory operation of the account for 6 months, an overdraft facility will be permitted

Access to Pension, insurance products.


Things you should know if you want to claim under personal accidental insurance according to jan dhan yojana rules are that it shall be payable if the Rupay Cardholder has performed minimum one successful financial or non-financial customer induced transaction at any Bank Branch, Bank Mitra, ATM, POS, E-COM etc.

Channel both Intra and Inter-bank i.e. on-us (Bank Customer/Rupay card holder transacting at same Bank channels) and off-us (Bank Customer/Rupay card holder transacting at other Bank Channels) within 90 days before the date of accident including accident date will be included as eligible transactions under the Rupay Insurance Program 2019-2020.

There is also an overdraft facility up to Rs. 10,000/- is available in only one account per household, preferably lady of the household.

Well, we have answered some of the most basic questions regarding the features and special benefits of the scheme, if you want to know more, feel free to visit the official portal of the PMJDY. On the online portal you will be able to get jan dhan yojana form pdf in hindi,  < >

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