PM Jan Dhan Yojana (PMJDY): The Indian government launched the Pradhan Mantri Jan Dhan Yojana in 2014 to connect the financially weaker sections of society to the banking system.
The goal was to ensure that every citizen had a bank account so that government assistance could reach them directly. But do you know that not everyone can open an account under this scheme?
Who Cannot Open a Jan Dhan Account?
This scheme is designed mainly for the poor and underprivileged. Hence, certain groups of people are not eligible to open a Jan Dhan account:
Central or state government employees
People who pay income tax
Individuals who are financially well-off
People already receiving benefits under other government schemes
Who Can Open a Jan Dhan Account?
Any Indian citizen who is 10 years or older can open a Jan Dhan account. However, insurance benefits under this scheme are only for people between 18 to 59 years of age.
This account comes with zero balance, so you don’t need to keep any minimum money in it.
The main aim of PMJDY is to bring the economically weaker population into the formal banking system.
Benefits of a Jan Dhan Account
Opening a Jan Dhan account provides many benefits:
Accidental insurance coverage of over ₹1 lakh
Life cover of ₹30,000 in case of death
Free RuPay debit card
Cash deposit and withdrawal facilities
Direct benefit transfer (DBT) of government subsidies
How to Open a Jan Dhan Account?
Step 1: Visit a nearby government or private bank branch and ask for the Jan Dhan account opening form.
Step 2: Fill out the form and attach photocopies of your Aadhaar card, address proof, and other necessary documents. Keep the originals with you for verification.
Step 3: Submit the form to the bank officer. After your documents are verified, the account will be opened in a few days.
Jan Dhan Yojana — More Than Just a Bank Account
This scheme is a major initiative by the government to bring crores of people into mainstream banking.
It not only provides financial security but also easy access to government welfare schemes.
If you haven’t opened a Jan Dhan account yet, you can do so and start enjoying its benefits.
