What is Pradhan Mantri Jan Dhan Yojana (PMJDY)?

Pradhan Mantri Jan Dhan Yojana (PMJDY) is a financial inclusion scheme launched by the Government of India on 28 August 2014. The scheme aims to provide financial services to the unbanked and underbanked population of India.

What are the objectives of PMJDY?

The objectives of PMJDY are to: * Ensure access to financial services, such as bank accounts, overdrafts, loans, insurance, and pensions, to all households in India. * Promote financial literacy and awareness among the poor. * Help the poor to save and invest their money. * Provide the poor with access to credit so that they can start or expand their businesses. * Help the poor to access government benefits and subsidies.

Who are the beneficiaries of PMJDY?

The beneficiaries of PMJDY are all Indian citizens who are 18 years of age or older and who do not have a bank account.

What are the benefits of PMJDY?

The benefits of PMJDY include: * Access to a bank account with a zero balance. * A RuPay debit card with an overdraft facility of up to Rs. 5,000. * A life insurance cover of Rs. 30,000. * A personal accident insurance cover of Rs. 1 lakh. * Access to loans and other financial products. * Financial literacy and awareness training. * Help in accessing government benefits and subsidies.

How can I open a PMJDY account?

You can open a PMJDY account at any bank branch in India. You will need to provide your Aadhaar card, proof of address, and proof of identity.

What are the documents required to open a PMJDY account?

The documents required to open a PMJDY account are: * Aadhaar card * Proof of address * Proof of identity

What are the charges for opening a PMJDY account?

There are no charges for opening a PMJDY account.

What are the interest rates on deposits in PMJDY accounts?

The interest rate on deposits in PMJDY accounts is 4% per annum.

What are the withdrawal limits on PMJDY accounts?

There are no withdrawal limits on PMJDY accounts.

What are the ATM withdrawal limits on PMJDY accounts?

The ATM withdrawal limit on PMJDY accounts is Rs. 5,000 per day.

What are the online transfer limits on PMJDY accounts?

The online transfer limit on PMJDY accounts is Rs. 10,000 per day.

What are the SMS alerts available on PMJDY accounts?

The SMS alerts available on PMJDY accounts are: * Balance enquiry * Transaction alert * Low balance alert * Overdraft alert

What are the grievance redressal mechanisms available for PMJDY accounts?

The grievance redressal mechanisms available for PMJDY accounts are: * The bank branch where you opened the account * The customer care number of the bank * The National Consumer Helpline (NCH) * The Banking Ombudsman

Article 1: Pradhan Mantri Jan Dhan Yojana (PMJDY): Financial Inclusion for All

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