The government recently released an update on the PM Jan Dhan Yojana, announcing the opening of 3 crore new PM Jan Dhan Yojana accounts across all Indian states in the 2024-25 fiscal year. The government will also provide numerous facilities to the beneficiaries of these accounts, a move recently announced by Finance Minister Nirmala Sitharaman. Today’s post will reveal the benefits that the government will provide to the beneficiaries under the PM Jan Dhan Yojana.
PM Jan Dhan Yojana (2024-25)
The Government of India operates the Prime Minister Jan Dhan Yojana, which Honorable Prime Minister Narendra Modi initiated on 28 August 2014. We have completed 10 years of this scheme and opened 53.13 crore bank accounts under it till August 14, of which 29.56 crore are in the name of women.
Rural residents have opened 66.6% of these bank accounts. The Finance Minister’s data reveals that the Jan Dhan account has received a total deposit of 2.3 lakh crores until 14 August, and the government plans to open 3 crore Jan Dhan accounts in the financial year 2024-25, offering various benefits.
Benefits of PM Jan Dhan Yojana
What benefits are available to Indian residents who open an account under the Pradhan Mantri Jan Dhan Yojana?
- You do not have to pay even 1 rupee to open an account under PM Jan Dhan Yojana.
- Jan Dhan accounts are completely free to open, meaning they have no balance.
- The government also provides a rupee card upon opening an account under the PM Jan Dhan Yojana.
- Under the PM Jan Dhan Yojana, insurance for Rs 2 lakh is absolutely free.
- Also, there is no need to maintain a minimum balance on the PM Jan Dhan Yojana account.
- These accounts also offer the advantage of participating in government-run schemes.
- Every family receives an overdraft facility of up to Rs 10,000 in an account under the PM Jan Dhan Yojana.
There are required documents to open a PM Jan Dhan account.
- An applicant’s Aadhaar card
- Birth certificate
- PAN card
- Voter card
- Ration card
- Passport-size photo
- Mobile number
How can I open an account with PM Jan Dhan?
Opening a PM Jan Dhan account is very simple; if you live in a rural area, you can open a Jan Dhan account through the regional customer service center, or you can open a Jan Dhan account by visiting the nearest bank. To open a PM Jan Dhan account, you will only need the documents mentioned above.