Today Prime Minister Narendra Modi is about launch his dream project called Jan Dhan Yojana. This creates a massive penetration of banking facilities among the Indian population. This may look big booster. However, I feel there is no coordination among Govt organizations.
Below are some unique features of this scheme.
- The main aim of this scheme is to bring the population to the banking system, who are out of banking service and debit card service.
- This scheme is for rural as well as urban people.
- Once an account opened under this scheme then account holder get a debit card. This debit card is under RuPay Scheme. RuPay is Indian version of the card network owned by the National Payments Corporation of India. It is exactly like Visa or Mastercard service.
- The account holder will get Rs.30, 000 insurance coverage from LIC.
- Cardholders will get Rs.1, 00,000 accidental insurance coverage from HDFC Ergo. Insured will get this amount in case of permanent disability or death.
- However, do remember that accident insurance will be available only in case of active debit cards.
- Card considered only in case cardholder swiped it within 45 days of claim.
- Once an account active for 6 months and linked to Aadhar identity, then account holder will be eligible for an overdraft facility of up to Rs.2, 500 and may increase up to Rs.5, 000 depending on the Bank’s decision.
- With the launch of this initiative, financial necessaries of individual will meet easily than depending on moneylenders.
Above-mentioned features are the information which currently available. Once I get more information then will update the same.
Is it feasible?
Recently RBI‘s charged rules for overusing of own bank ATM or other bank’s ATM for metro cities. I feel there is no co-ordination between the finance ministry and RBI. Because on one way, the Govt is mooting it’s dream project. However, on another way RBI is restricting more usage of ATM.
Car or Two Wheeler Insurance renewal in India-What is IDV or Depreciation Value?
»
vimal
how to avail accidental life coverage of rupee 1 iac
Basavaraj Tonagatti
Vimal-Avail means from this plan?
pooja
Nice site sir….thankx for the information…can u please provide the detail of other gov latest schemes..
Basavaraj Tonagatti
Pooja-I already updated few and will update as and when they launch. Recent one to add is Sukanya Samriddhi Account.
Gaurav sajwan
May I open it any outside bank because I m leaving in urban area and I want to open it from rural banks
Basavaraj Tonagatti
Gaurav-Even urban banks also offer this facility.
virendra
i want to open account for my mother, how can i open account, i min which bank is opening account under this facility..
Basavaraj Tonagatti
Virendra-All public sector as well as major private sector banks are providing this facility. So you can open this account easily.
Bhishm Pal Singh
yadi mera account pahle se bank mai hai tab bhi mai iska labh le sakta hun.
Basavaraj Tonagatti
Bhishm-No you can’t open.
swapnil kokitkar
how to get more information????
Basavaraj Tonagatti
Swapnil-Visit your bank for the same.
Subir Mirdha
Hi All.. I am a banker and currently we are opening accounts under jan Dhan Yojna in mass scale.. There is no specific information on eligibility for opening these accounts, so all can open, bur it is actually meant for unbanked rural and poor people.. Also there is no information yet on how the insurance will be provided on these accounts…
Basavaraj Tonagatti
Subir-Thanks for sharing your views 🙂
raj k
Existing card holders of any bank can apply for the same if yes then which bank providing this facilities & it feasible to use rupay card for online transactions. required more about it.
Basavaraj Tonagatti
Raj-It is just launched. So let us wait for a day or two to get more clarity. Once I get any updation on the same then I will share it.
raj k
Thank you
Aman kumar
A man Kumar yah yojna bahut achha hai