PRADHAN MANTRI JAN-DHAN YOJANA

pradhan mantri jan-dhan yojana

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a special emphasis on financial inclusion of citizens to financial services that prevents the growth of our country. This scheme was highly needed for everyone to reap the benefits of growth and development.

This financial inclusion initiative in the world was announced by the Hon'ble Prime Minister Shri Narendra Modi on 15thAugust 2014 across the country to providing the financial services like Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.


Necessery documents to open an account under Pradhan Mantri Jan-Dhan Yojana (PMJDY)
Account can be opened in any bank branch or Business Correspondent with valid documents:

Documents List

  1. Passport
  2. Driving Licence
  3. Voting Card
  4. PAN (Permanent Account Number) Card
  5. Aadhaar Card
  6. Other documents by the Central Government of India.
  7. Job Card signed by an officer of the State Government issued by NREGA.
  8. ID card with photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions.
  9. Letter head with a duly attested photograph of the person issued by a Gazetted officer.
  10. If a person does not have any of the "officially valid documents" mentioned above, but it is categorized as 'low risk' by the banks, then he/she can open a bank account by submitting any one of the following documents.

In Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts are being opened with Zero balance. However, if the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria, if any, of the bank. RBI has clarified that those persons who do not have any of the ‘officially valid documents’ can open “Small Accounts” with banks. Some accounts have limitations regarding the aggregate credits, aggregate withdrawals and balance in the accounts. These accounts are valid for twelve months. After the valid period over, some accounts can be allowed to continue for a further period of twelve more months. The Prime Minister had also sent email to an estimated 7.25 lakh bank employees, exhorting them to help reach the target of 7.5 crore bank accounts, and bring freedom from financial untouchability.