INSUBCONTINENT EXCLUSIVE:
PMJDY accounts are exempt from maintaining any average monthly balance.Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts in State Bank of
India (SBI) is more than 26 per cent of the total deposits made under the scheme in Public Sector Banks, said country's largest lender on
its official twitter handle - @TheOfficialSBI
According to SBI's portal, Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission for financial inclusion to ensure access to
financial services, namely, banking/ savings and deposit accounts, remittance, credit, insurance, pension in an affordable manner
PMJDY accounts are exempt from maintaining any average monthly balance, said SBI
deposit, accidental insurance cover of Rs1 lakh, life insurance cover of Rs 30,000, easy transfer of money and access to pension, insurance
applicable for Saving Bank Accounts (presently at 4 per cent in most of the banks) shall be admissible to accounts opened under PMJDY
business correspondent outlet, informed country's largest lender
bank need not to open a separate account under PMJDY
He/she will just have to get issued a RuPay card in his existing account to get benefit of insurance
be available to one account holder of PMJDY per household after 6 months of satisfactory conduct of the account
To avoid duplication Aadhaar number will also be required
participating in PMJDY are on CBS (Core Banking Solution) platform and the account can easily be transferred to any branch of the bank in
