PM Jan dhan yojana News

As per the Government of India, around 53 crore people were brought into the formal banking system through the opening of Jan Dhan Accounts.

Minimum account balance rule does not apply to PM Jan Dhan accounts and basic savings accounts. It applies only to those bank accounts where customers are required to maintain a certain minimum balance in their accounts, Finance Minister has said.

PMJDY was announced by Prime Minister Modi in his Independence Day address on 15th August 2014. PMJDY is National Mission for Financial Inclusion. It ensures access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

PMJDY was announced by Prime Minister Modi in his Independence Day address on 15th August 2014. PMJDY is National Mission for Financial Inclusion. It ensures access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

The Reserve Bank on Friday warned the banks to be more careful while opening accounts under the Jan- Dhan Yojana, saying that a single individual could open multiple accounts in the lure of Rs 1 lakh insurance cover.

The 'Pradhan Mantri Jan Dhan Yojna', to be launched on August 28, will provide a vital missing link in achieving the objective of "Housing for All" by enhancing the access of urban poor to cheap credit through the formal banking system, a senior official said here.

The 'Pradhan Mantri Jan Dhan Yojana', an ambitious financial inclusion scheme under which the government intends to provide every household with a bank account and insurance cover, will be launched on August 28 by Prime Minister Narendra Modi.