Want to open Pradhan Mantri Jan-Dhan Yojana account? Here is the list of documents required
Under Pradhan Mantri Jan Dhan Yojana, individuals aged between 20 year to 65 years can get access to financial services.
The Pradhan Mantri Jan Dhan Yojana caters to individuals aged between 20 to 65 years and aims to provide them access to various financial services. This includes basic savings bank account, access to need based credit, remittances facility, insurance and pension. Under the scheme, one can open a bank account at any bank branch or Business Correspondent (Bank Mitr) outlet at zero balance. After opening the account, the individual gets access to a indigenous Debit Card (RuPay card). The main features include Rs 5,000 overdraft for Aadhaar linked accounts and RuPay debit card with an inbuilt Rs 1 lakh accident insurance cover. Another salient feature is that after 6 moths of the account being active, the account holder is eligible for an overdraft up to Rs 5,000.
Jan Dhan Yojana Account with Aadhaar
With an Aadhaar card or number, no other document will be required to open the account. However, if there is a change in the address than one need to provide with documents certifying the current address. (Photo: PTI)
Jan Dhan Yojana Account without Aadhaar
If the individual does not have an Aadhaar card, then the following official valid documents can be presented: Voter ID Card, Driving Licence, PAN Card, Passport & NREGA Card. These can be used to prove both your identity and address. (Photo: Reuters)
Jan Dhan Yojana Account- If no available Official Valid Documents
If the individual applying for an account under the scheme has none of the above mentioned documents, then he/she open an account by submitting any one of the following documents:
i) Identity Card with applicant's photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks and Public Financial Institutions OR
ii) Letter issued by a gazette officer, with a duly attested photograph of the person. (Photo: Reuters)
Small Account by RBI
The Reserve Bank of India states in its Press Release dated 26.8.2014 that individuals who do not have the official valid documents can open a 'Small Account' for which they have to present a self attested photograph and signature/thumb print in front of the bank officials. (Photo: PTI)
Small Account limitations
These accounts, however, have limitations such as aggregate credits not more than Rupees one lac in a year, aggregate withdrawals, and balance in accounts not more than Rs 50,000 at any moment. These small account are valid for 12 months, in the duration of which the individual needs to apply for one of the official valid documents.
Post the 12 month duration, the small account becomes invalid. (Photo: PTI)