Pradhan Mantri Jan-Dhan Yojna Scheme (PMJDY) Details 2020

Pradhan Mantri Jan-Dhan Yojna Scheme(PMJDY) Eligibility, benefits, advantages, Account Details, Online Application Form, Contact Details, Customer care Number, Card Download, PDF and other new schemes.Get complete information about this scheme.

Pradhan Mantri Jan-Dhan Yojna Scheme(PMJDY)


Type Financial Inclusion program
Aim To expand the accessibility of Indian citizens to financial services. 
Motto “Mera Khatha, Bhagya Vidhatha” which means “My account  brings me a good fortune”
Program Inception Date 15th August 2014 by Prime Minister Narendra Modi
Ministry Department of Financial Services, Ministry of Finance, Government of India
Status Active
Key people Arun Jaitley


The Pradhan Mantri Jan Dhan Yojna scheme is, according to the official government website-, a financial inclusion program of the Government of India(GoI) that can be availed by Indian citizens(only).




The aim of this program is to expand the accessibility of Indian citizens to the various financial services that can be availed by them like bank accounts, pensions, insurances, credits, and remittances. 


A Brief History


The PMJDY program was launched by Prime Minister Narendra Modi during the celebration of the 68th Independence Day of India on 15th August 2014. The slogan of the scheme is, Mera Khatha, Bhagya Vidhatha”, which means “My account brings me a good fortune”. 


This was the second such program that was launched by the Government of India, the first one being Swabhimaan, which was launched by Sonia Gandhi, the then chairman of the United Progressive Alliance, on 10th February 2011.


Since its inception, the program has been mostly successful and even holds a Guinness World Record of “the most bank accounts opened in one week as a part of the financial inclusion campaign” which stood at 18,096,130 from August 23 through 29. By June 2018, over 318 million bank accounts were opened and over ₹718 billion deposited under this scheme. 


Documents required to open an account under PMJDY scheme


According to the official website of the Government of India, any of the following official documents can be used to open an account under the Pradhan Mantri Jan-Dhan Yojana scheme. They are –

  1. Passport
  2. Driving License
  3. Permanent Account Number(PAN) card
  4. Voter ID Card issued by the Election Commission of India
  5. Employee card issued by NREGA signed by an officer of the State Government
  6. Aadhar Card, or
  7. Any other document as notified by the Central Government in consultation with the Regulator provided that simplified measures like Photo ID or Unique ID numbers are employed to assess the verification of the identity of the client. As such, the following documents are deemed eligible to be construed as valid documents –
  1. identity card with the applicant’s photograph issued as by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, or Public Financial Institutions
  2. A letter issued by a Gazetted officer of India with a duly attested photograph of the candidate.


The Reserve bank of India, via a press release on 26th August 2014, notified the public that Indian citizens who do not have an officially valid identification proof can open only “Small Accounts” with banks. Such an account can be opened with a self-attested photograph and one’s signature or a thumbprint in the presence of officials of the bank in question. 


Small Accounts – These accounts have certain limitations like aggregate credits of not more than 1 lakh rupees a year, aggregate withdrawals of not more than 10,000 rupees a month, and balance in accounts of not more than 50,000 rupees at any point of time. Such accounts are valid for only 12 months(generally) and for an additional 12 months if the account-holder can provide proof that he/she has applied for any of the officially valid documents within 12 months of opening the Small Account.


Benefits of PMJDY


According to the website of GoI, the benefits that one can avail from the scheme are – 

  1. Interest on deposit.
  2. Accidental insurance coverage of up to ₹2 lakhs subject to eligibility clauses*.
  3. No minimum balance prerequisite.
  4. Life cover of ₹30,000 payable on the death of the beneficiary, subject to eligibility conditions.
  5. Streamlined transfer of money pan-India.
  6. Direct Benefits Transfer from other Government schemes to one’s PMJDY account.
  7. After the satisfactory operation of the account for 6 months, an overdraft facility is made available#.
  8. Access to pension and insurance products.

*Accidental insurance claims under PMJDY can be availed only if the Rupay cardholder has performed a minimum of one successful financial or non-financial customer induced transaction at any Bank Branch, Customer Service Point(CSP), ATM, Point of Sale(POS), E-commerce, etc. 

Eligible transactions under Rupay Insurance Program include 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)transactions within 90 days prior to the date of accident(inclusive of the accident date).

#The overdraft facility of up to ₹10,000 is available to one account per household, preferably the lady of the same. 


How to open a bank account using the PMJDY scheme


Points to be noted while opening a PMJDY account – 

  1. One can open such an account at any bank, from any branch.
  2. A PMJDY account cannot be opened online.
  3. An official application form can, however, be downloaded online and presented at the respective bank where one wants to open the account.

English Application Link: 

Hindi Application Link:


Steps to open a PMJDY account – 

  1. Visit a bank of one’s choice or a CSP outlet and state that you want to open a PMJDY account.
  2. Fill up an application form either from the bank or download the form online have it filled and ready to go. One does need a passport-sized copy of their photo that is not older than 6 months old and two signatures need to be done on the form.
  3.  Submit any one of the officially valid documents as stated above as an identity proof.*
  4. That’s it. The account, however, will need to be activated for online transactions and the Rupay debit card would be sent to one’s address that is mentioned in the application form via post.

*If you do not possess or have applied for official ID proof, you can only apply for Small Accounts which has additional restrictions as mentioned above. Such an account is only valid for 12 months and you will have to apply for official ID proof within that period of time.


Cons of a PMJDY account


The Pradhan Mantri Jan-Dhan Yojana albeit a wonderful scheme, does have some disadvantages. 

  1. KYC norms haven’t been enforced for these accounts thereby increase chances of duplication and fraud.
  2. The debit card issued with a PMJDY account is a Rupay debit card which cannot be used for international transactions.
  3. There is a withdrawal limit of ₹10,000 per month.
  4. Not a con of the scheme itself, but a lot of bank branches, especially rural ones, aren’t completely computerized yet and this might lead to loss of data since the PMJDY attracts a large number of potential clients.
  5. There have been instances of a single person opening multiple PMJDY accounts at different banks or branches. 


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