Digital India Power to Empower

Pradhan Mantri Jan-Dhan Yojana (PMJDY)

Pradhan Mantri Jan-Dhan Yojana (PMJDY)

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a mission started by our country, the reason being Financial Inclusion. This step is taken to ensure access to financial services like Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

The account under PMJDY can be opened in any Business Correspondent (Bank Mitr) or any bank branch and the account opened under PMJDY can be opened with a zero balance account. There is an exception for the ones who wish to get a cheque book, they have to satisfy minimum balance criteria.

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

If you are willing to open an account under PMJDY you have to present officially valid documents.

  1. Passport
  2. Driving Licence
  3. PAN (Permanent Account Number) Card
  4. Voter Identity Card (Issued by Election Commission of India)
  5. Job Card (Issued by NREGA and signed by an officer of State Government)
  6. Letter (Issued by Unique Identification Authority of India, details- name, address & Aadhar Number) 
  7. Identity Card with Photograph attested (Issued by Central/ State Government Departments, Regulatory/ Statutory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions
  8. Letter with Photograph attested (Issued by Gazetted officer)

Reserve Bank of India (RBI)

RBI has further explained that people who do not have any officially valid documents can open “Small Accounts” with banks.

A “Small Account” can be opened based on a self-attested photograph and putting the signatures or thumbprint in the presence of the officials of the bank.

Such accounts have certain limitations-

  • Aggregate credits (i.e., not more than Rupees one lakh, in a year)
  • Aggregate withdrawals (i.e., not more than Rupees ten thousand in a month)
  • Balance in the accounts (i.e., not more than Rupees fifty thousand at any point).


These accounts would be valid normally for a period of twelve months. Afterwards, such accounts would be allowed to continue. If the account holder provides a document showing that they have applied for any of the Officially Valid Documents mentioned above, within 12 months of opening the small account, then the “small account” can be continued.

Special Benefits under PMJDY Scheme

  • Interest on deposit.
  • Accidental insurance (cover of Rs. 1 lac).
  • No minimum balance is required.
  • The scheme provides life cover of Rs. 30,000/-, payable on the death of the beneficiary (subject to fulfilment of the eligibility condition)
  • Easy Transfer of money across India.
  • Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
  • After satisfactory operation of the account for 6 months, an overdraft facility will be allowed.
  • Access to Pension & insurance products.
  • The Claim of Personal Accidental Insurance, under PMJDY, shall be payable if the Rupay Cardholder has performed a minimum of one successful financial or non-financial customer induced transaction, at any Bank Branch, Bank Mitra, ATM, POS, E-COM etc. Channel 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) within 90 days, before the date of accident (including accident date will be included, as eligible transactions under the Rupay Insurance Program 2016-2017).
  • Overdraft facility (up to Rs.5000/-) is available in only one account per household, preferably lady.