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PMJDY Scheme Rs 2.30 Lakhs in your Account What You Need to Know

PMJDY Scheme Rs 2.30 Lakhs in your Account What You Need to Know

Introduction to Jan Dhan Account

To ensure that every family in the country with PMJDY Scheme of Rs 2.30 Lakhs in your Account What You Need to Know, the Central Government launched the Pradhan Mantri Jan Dhan Yojana (PMJDY) in 2014. This scheme, primarily aimed at improving the economic conditions of the masses, has been a game-changer, especially for rural communities and women.

Key Features of PMJDY

  1. Easy Access for All: PMJDY accounts are easily accessible, requiring only Aadhaar and mobile number verification. So far, over 50 crore accounts have been opened, with deposits exceeding a staggering INR 2 lakh crores.
  2. Zero Balance Accounts: Jan Dhan accounts are zero-balance accounts, eliminating the need for maintaining a minimum balance. This feature makes banking services accessible to everyone, regardless of their financial standing.

Surprising Benefits

Many account holders are now reaping the benefits they never expected. Each Jan Dhan account holder is provided with a debit card, offering accident insurance coverage of up to INR 2 lakhs. Additionally, they qualify for a life cover of up to INR 30,000.

Managing Jan Dhan Accounts

Multiple Accounts in One Bank

Several individuals now hold more than one account in the same bank, causing complications. With the same Aadhaar, having two accounts online is not permissible, leading to the closure of Jan Dhan accounts.

Overdraft Facility

Jan Dhan accounts come with an overdraft limit of INR 10,000, allowing users to withdraw more than the available balance. However, this feature is subject to certain terms and conditions.

Closure Considerations

Closing a Jan Dhan account may result in a loss of benefits, including accident insurance coverage up to INR 2.30 lakhs. To avoid such consequences, account holders should be cautious and consider alternative options.

Eligibility and Documentation

To open a Jan Dhan account, individuals need to visit the nearest bank, fill out the required form, and submit necessary documents such as Aadhaar, passport, driving license, or voter ID. There are no opening fees, making it an accessible option for all.

Claiming Benefits

For accident claims, individuals must submit a claim form, death certificate, FIR, post-mortem report, and Aadhaar details. The meticulous submission of these documents is crucial for a successful claim.


Pradhan Mantri Jan Dhan Yojana has undoubtedly transformed the financial landscape, empowering millions with the means to access banking services and unexpected benefits. As we navigate the intricacies of Jan Dhan accounts, it’s imperative to understand the eligibility criteria, documentation requirements, and potential consequences of account closure. Embracing the benefits of PMJDY while being mindful of the responsibilities ensures a seamless banking experience for all eligible individuals.

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