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Pradhan Mantri Jan-Dhan Yojana: From Zero Balance To Latest Details In 10 Points

The Jan Dhan tally, the finance ministry said, has reached Rs 63,971 crore in deposits and 22.14 crore Rupay cards.
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The Pradhan Mantri Jan-Dhan Yojana (PMJDY), a financial inclusion scheme, was launched on August 28, 2014
The Pradhan Mantri Jan-Dhan Yojana (PMJDY), a financial inclusion scheme, was launched on August 28, 2014

Highlights

  1. 28.23 crore accounts opened under Jan-Dhan scheme, says finance ministry
  2. Bank accounts opened under PMJDY scheme come with zero balance feature
  3. Small accounts normally valid normally for period of twelve months
The government's financial inclusion scheme PMJDY or 'Pradhan Mantri Jan-Dhan Yojana' offers easy access to banking services. The Jan-Dhan Yojana was launched by Prime Minister Narendra Modi on August 28, 2014. As on April 5, 2017, 28.23 crore accounts have been opened. This was stated in a tweet by the Finance Ministry on Twitter. A bank account under PMJDY can be opened by visiting any bank branch or business correspondent outlet, or "Bank Mitr", and used thereafter for various social security schemes. The Jan Dhan tally, the ministry added, has reached Rs 63,971 crore in deposits and 22.14 crore Rupay cards.
 
Here are 10 things to know about PMJDY or Jan Dhan accounts:

The Pradhan Mantri Jan-Dhan Yojana seeks to ensure access to financial services - banking/savings and deposit accounts, remittance, credit, insurance and pension - in an affordable manner.

Jan Dhan accounts are opened with zero balance. For those who want to get a cheque book will have to fulfil the minimum balance criteria of the respective bank.
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