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Jan Dhan Yojana & Accounts

Jan Dhan Yojana & Accounts

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, i.e., Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

The account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet. Accounts opened under PMJDY can be opened with a Zero balance. However, if the account holder wishes to get a cheque book, they will have to fulfil minimum balance criteria.

Document required to open an account under Pradhan Mantri Jan-Dhan Yojana

An account can be opened by presenting an officially valid document.

  • Passport
  • Driving licence
  • PAN (Permanent Account Number) Card
  • Voter’s Identity Card (Issued by the Election Commission of India)
  • Job card (Issued by NREGA and signed by an officer of the State Government)
  • A letter containing details of name, address and Aadhaar number (Issued by the Unique Identification Authority of India)


Any document as informed by the Central Government in consultation with the Regulator: (simplified measures are utilised for verifying the identity of the clients).

The following documents shall be deemed to be officially valid documents:—

  • identity card with attested photograph (Issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions)
  • Letter with attested photograph (Issued by a Gazetted officer)

Jan Dhan Accounts

On 15 August 2014, Prime Minister Narendra Modi launched India’s biggest ever financial inclusion drive. Pradhan Mantri Jan-Dhan Yojana is the 1st flagship programme launched by PM Modi which was the country’s National Mission for financial inclusion that ensures access to financial services, i.e. savings accounts, remittance, credit, insurance, pension in an affordable manner.

Prime Minister’s move was to provide access to formal banking services to more than 15 per cent of the unbanked population in the country, which helped PM Modi re-establish his image as the leader of the masses. Jan Dhan Yojna is not just about banking, but also about several other benefits that PM Modi offered with the accounts.

Under this scheme, if a person holds an account for more than six months, he/she is allowed an overdraft of up to ₹5,000. Jan Dhan accounts holders are also able to claim accidental insurance cover of ₹1 lakh. The scheme also provides life cover of ₹30,000 payable on the death of the beneficiary. PM Modi tapped over 15 per cent country’s population with just one economic policy.