Pradhan Mantri Jan Dhan Yojana

What is Pradhan Mantri Jan Dhan Yojana & How to Open PMJDY Account?

India is a country that requires economical and financial schemes for the development of its citizens. One such scheme that was introduced by the ministry of finance is the PMJDY scheme. PMJDY stands for Pradhan Mantri Jan Dhan Yojana. As the title of the scheme clearly states the goal of this scheme is the betterment of financial access to people.

In this article, we will be discussing the meaning of the scheme, Jan Dhan Yojana benefits and how to open Jan Dhan Yojana account? Read on to know more about the details of the scheme.

Meaning of Pradhan Mantri Jan Dhan Yojana

The scheme is a national mission undertaken by the government of India for financial inclusion. The main goal of the scheme is the inclusion of financial services to the people. The scheme was launched for easy access to services like banking, insurance, credit card and pension. As per the scheme an eligible individual can open a Jan Dhan account to avail the services.

For information on details like eligibility and features of the scheme read the next part of the article.

What are the features of Pradhan Mantri Jandhan Yojana?

The significant Pradhan Mantri Jandhan Yojana features are as follows:

  1. The foremost feature of the scheme as mentioned above is that it allows easy access to financial services.
  2. The next feature of the Jandhan Yojana is opening of the account. Any individual can open the account provided he fulfills the eligibility criteria of the scheme
  3. Jan Dhan Yojana is a zero balance account, which makes it easy to be opened by any person.
  4. The last feature of PM Jan Dhan Yojana is extra coverage. The Jan Dhan account holders are given life and accident insurance coverage.

How to open a PMJDY account?

Opening of Jan Dhan Yojana account is very simple. Visit the nearest bank that offers PMJDY account opening service. After visiting the bank, ask for an application form, fill-in all essential details and submit it. The details filled in pradhan Mantri Jan Dhan Yojana form must be true and correct. Submit the filled and signed form along with below-mentioned documents.

Jan Dhan Khata or an account can also be opened online. The procedure for opening the account is similar to the offline method. In the online method, the documents need to be uploaded to the bank server instead of submitting it. For a list of the banks that offer the services of PMJDY are given below.

What is the eligibility for opening the account?

The answer to this question is pretty straight-forward. PMJDY Scheme account can be opened to any individual in India. The only conditions are that the person opening the account should be 10 years old.

So the eligibility for opening is two conditions:

  • A Citizen of India
  • A person is more than ten years old.

Documents for opening a PMJDY account

The documents for opening Jan Dhan Yojana scheme are address and identity proof.

                    Address Proof Documents                 Identity Proof documents

Aadhar card – In case address has changed, a self-certification is required

Voter ID card


PAN Card

Driving License



Identity card with photo issued by Central or state government.

Which banks offer the opening of PMJDY?

Private and public banks offer the services of opening the account.

The top public sector banks that provide an opening of Jan Dhan Yojana bank are as follows:
– State Bank of Bikaner & Jaipur,
– State Bank of Hyderabad, State bank of India.
– State Bank of Mysore, State Bank of Patiala,
– State Bank of Travancore
– Bank of Baroda (BoB)
– Bank of Maharashtra
– Bank of India (BoI)
– Canara Bank
– Corporation Bank
– IDBI Bank
– Indian Bank

The top public sector banks that provide the service are as follows:

– ICICI Bank Ltd.
– Axis Bank Ltd.
– HDFC Bank Ltd.
– Federal Bank Ltd.
– IndusInd Bank Ltd.
– Karnataka Bank Ltd.
– Kotak Mahindra Bank Ltd.

How to check the status of PMJDY account?

The status of the account by an individual can be checked by visiting the bank or official page. The applicant can know the status of the account through visiting the bank in which the account was opened. It can also be checked by visiting the official page of the scheme.

What are the benefits of opening the PMJDY account?

The important pradhan Mantri Jan Dhan Yojana benefits are as follows:


The PMJDY account carrier interest like saving account deposits. The account holder who makes deposits into his or her PM Jan Dhan Yojana accounts it interest. The rate of interest is based on the regulations of the government.

No balance maintenance needed

As a zero balance account PMJDY account needed to ask for its holders to maintain a minimum balance. Only in case, the account holder needs a cheque book then they have to keep a balance. The balance amount is as determined by the bank in which the account is opened.

Loan facility

Usually, people belonging to the lower section of the economy don’t have an account to get a loan. But with the help of the PMJDY scheme even this category of people can get a loan from banks. Jan Dhan Yojana loan offers easy access to money help to all classes of people in the country.

Government benefits are credited into account

The fourth important benefit of the Jan Dhan Yojana scheme is that government benefits are credited into the account. The account holders of Jan Dhan Khata can easily get their pensions credited. It also enables the account holder to get various benefits from different government schemes.

Extra life and accident insurance

The last benefit of the account is coverage to the account holders. Since not all individuals can afford life insurance the government has made it easy with this scheme. The account holders of PM Jan Dhan Yojana are given an added incentive of accident and life insurance coverage.


With this, the article on Pradhan Mantri Jan Dhan Yojana is completed. The points mentioned in the article talks about the meaning of the scheme. The article has also included Jan Dhan Yojana benefits, which is unique and important. We hope that the article has provided all the required information in terms of the Jan Dhan Yojana scheme.

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