Government Schemes Yojana

Pradhan Mantri Jan Dhan Yojana PMJDY Financial Inclusion Scheme, Apply, Benefits, Download Form, Account Opening Online

Mukesh Jindal
Written by Mukesh Jindal

Simar Jeet | SarkariNiti

Initiation of Scheme

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is India’s National Mission for Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, and Pension in an affordable manner. This financial inclusion campaign launch by the Prime Minister of India Narendra Modi on 28 August 2014. He announces this scheme in his first Independence Day speech on 15 August 2014.

Pradhan Mantri Jan Dhan Yojana launches just after demonetization and came as a pleasant surprise to the citizens. The statement of the Prime Minister to translate the gains receives from demonetization and deposit Rs. 10,000 in every Jan Dhan account that holds zero balance was a huge step in itself. This was also as a step to gain the votes of the poor in the upcoming elections by the opposition.

Aim of Pradhan Mantri Jan Mantri Yojana

The main aim of PMJDY is to initiate a banking facility for the poor who have otherwise been unable to open a bank account.

  • Demonetization has been inconvenient to common people in many aspects but equally profitable to the government. Huge earnings were being made through it and the budgets were revised. This income is now utilized for the benefit of the poor. Bank accounts provide with no minimum balance. These accounts are also accessible through normal phones not restricting them to the smartphones. There are no deposition and withdrawal charges. Along with opening the account with zero balance and facilities, the scheme further facilitates needy sections of the society by making them open a saving account even if they do not have sufficient documents in the form of ‘Small Accounts’.
  • According to sources, the government is using their Rs. 3-lakh crore income following the demonetization to deposit Rs. 10,000 in 5.8-crore Jan Dhan accounts that record zero balance out of the 25 crores Jan Dhan accounts existing in the country.

Reason to Start Scheme

The current Prime Minister Narendra Modi, as of December 23, 2015, is said to have great intentions through this prestigious scheme for Indians. He wants every individual living in the country enjoy a Zero Balance Account under Pradhan Mantri Jan Dhan Yojana. It is, however, an unfortunate situation that a country with a population of more than 125 crores has only 60% of its population with the necessity of their own bank account. It is essential that since India is rapidly making economic progress. The Government has set a target to open at least one zero balance account for every of 75 million homes in India.

Eligibility of Scheme

Check whether you are eligible for the Scheme?

Points below will give you the information about the Eligibility of the person.

  1. The individual Should be a citizen of India
  2. The applicant has to be over the age of 10 years.
  3. Take whatever personal documents available, such as Voter ID, ration card or whatever is available.

Objective of Scheme

Account holders will be provided bank accounts with no minimum balance wherein they can pool in the daily/monthly saving which will help them to avail basic benefits and services of banking products.

  1. RuPay debit cards will be issued and accidental insurance cover of ₹1 lakh.
  2. PM Jan Dhan Yojana intends to make its population financially secure and stable.
  3. After six months of the opening of the bank account, holders will be eligible for ₹5,000 (US$74) overdraft from the bank.
  4. With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer funds, check balance through a normal phone which was earlier limited only to smartphones.
  5. 6. Mobile banking for the poor would be available through the National Unified USSD Platform (NUUP) for which all banks and mobile companies have come together
  6. Bank officials would educate illiterate customers about the usage of the account and RuPay Debit card. For assistance of each account holder, bank officials are to be ready to aid these people and educate them.

Feasibility of PM Jan Dhan Yojana

Sources at the PMJDY scheme office conclude that they already provide Rs.30,000 insurance cover in case of natural death and Rs. 1 lakh for accidental death. The additional Rs. 10,000 will not be possible as calculations estimate a total of 25.21 crore Jan Dhan accounts – out of which 23.27% are at zero balance. This amounts to 5.86% of zero-balance accounts.

Working of Scheme

The applicant simply needs to go to their nearest bank, submit whatever documents he/she could best afford and consult the bank officials. Once the account is opened, they would be issued with a RuPay debit card, which they can use for normal transactions, which is equivalent to a saving account debit card.

Members up to two of the family can apply for a zero balance account under PM Jan Dhan Yojana. You get the major advantage of being financially literate with the help of literacy programs under this scheme and even get a free life cover of Rs 30,000 along with an accidental cover of Rs 1 lakh per account.

Documents Required

Do you want to register for the Pradhan Mantri Jan Dhan Yojana?

Check the list given below to know more about the name and detail of the documents which need by you, if you have the interest to register for the scheme.

  • The passport of the applicant is required.
  • The Aadhar Card of the applicant is required
  • The applicant should have a driving license.
  • The Permanent Account Number (PAN) Card is needed if you want to apply.
  • The Voter’s Identity Card is also required to register for the scheme.
  • You should also have the job card issued by NREGA
  • The ID card with the photograph of the applicant by any of the following departments which are listed below:
  1. Central/State Government Departments
  2. Statutory/Regulatory Authorities
  3. Public Sector Undertakings
  4. Scheduled Commercial Banks
  5. Public Financial Institutions

Banks Depositing Re. 1 in accounts

An investigation led by Indian Express reveals a shocker to the public regarding PM Modi’s Jan Dhan Yojana scheme. After the announcement of the demonetization of Rs.500 and Rs.1,000 notes on 8th November 2016, Modi said that once the black money was in the banks, he would deposit Rs.10,000 in every zero-balance Jan Dhan account in the country. But reports now reveal that banking officials have deliberately been depositing Re.1 into these accounts. Further digging provides reasons behind this act. Simply put, if there are crores of Jan Dhan bank accounts that have zero balance, this means the scheme is not working. Therefore, bank officials pressure to show a lower number of zero-balance accounts.

The Re.1 deposit is a contribution made out of their own funds. Re.1 up to Rs.10 deposit from various segments of banking income, such as entertainment allowance, canteen subsidy, and office maintenance fund, fees obtain from demand drafts and online transfers and conveyance allowance.

Analysis of Scheme Up to Date

Reports suggest that half of the Jan Dhan accounts, mostly held by less privileged people, have a zero balance. This does not indicate that the scheme is a failure. It points out the fact that banks need more time to get more people under the financially include wing.

Around 1.05 crore Jan Dhan account of 18 public sector banks and 16 of their rural subsidiaries had Re.1 balance. In some cases, it was Rs.2 or Rs.5. After banks indulge in this method, the zero balance accounts fell from 76% in September 2014 to 46% in August 2015. It fell further to 24.35% by the end of August 2016.

The pressure on the banks to portray that the Jan Dhan scheme is working is immense and results in a false appearance of the success of the scheme. Jan Dhan Account benefits for the underprivileged and rural sector of the country, but the implementation seems to be staying away from the objective of the scheme.

Benefits of PMJDY Scheme

Mobile Banking Facility, Loan Benefits, Insurance Benefits and the detail about them is in the points below:

  •  You will earn the Interest on deposit.
  •  It provides you an Accidental insurance cover of Rs. 1.00 lac
  •  The scheme provides life cover of Rs. 30,000/- payable on the death of the person whose name the scheme register.
  • Direct bank transfer.
  • An overdraft facility will allow the applicant after a satisfactory operation of the account for 6 months.
  • Access to Pension or the insurance products will provide to the applicant.
  • The Claim of the Personal Accidental Insurance will be provide within 3 months under PMJDY shall be payable but the condition is that the Cardholder performs minimum one successful financial or non-financial customer induce transaction at any Bank Branch or the ATM transaction both Intra and Inter-bank.

Statics of the scheme

Bank Type Number of Accounts Balance in Accounts Number of RuPay Cards
Rural Urban Total Female
Public Sector Banks 14.02 12.03 26.05 13.52 ₹64,388.62 19.64
Regional Rural Banks 4.39 0.81 5.20 2.85 ₹14,072.06 3.70
Private Banks 0.60 0.40 1.00 0.53 ₹2,214.15 0.93
Total 19.02 13.23 32.25 16.90 ₹80,674.82 cr 24.27

Officer appointed

  1. Nodal Officers
  2. SLBC Convenors
  3. Lead District Managers
  4. General Manager (FI)
  5. General Manager (IT)
  6. Nodal Officers of DFS for SLBC
  7. Nodal Officers of Banks for Aadhaar Seeding

Apply online

You can apply online for the scheme as the government launches the official website for the same and also made a portal for it under the name Pradhan Mantri Jan Dhan Yojana (PMJDY) which will help the people to get the access of the online service easily with a single click. To apply online either you can visit the official page as earlier in the topic or you can click on the link to apply online. APPLY FOR PMJDY

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Application Procedure PMJDY

How to apply?

You need to visit the bank after checking the List of Banks authorized to open accounts under the Jan Dhan Yojana Scheme.

You will find the desk with Jan Dhan Yojana details and the officials are normally known Bank Mitr Where you can ask about the scheme and you can tell them that you want to open an account under the PMJDY.

He will provide the account opening form to you,  you have to fill the form providing all the details ask in the form and submit the copy of valid official id proof with the form.

Download form

You can download the application form from the link which is given on our page below and make use of the scheme by registering yourself for the scheme by applying you can view the form to know the details which you have to fill in the form or you can download the form from the link as the form is in the format of pdf file. The image is also given for your assistance.

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The application forms are available in English as well as in Hindi.

Download form pdf in English APPLICATION FORM PMJDY ENGLISH

Download form pdf in Hindi   APPLICATION FORM PMJDY Hindi

Download logo

The logo of the scheme can download from the portal if you are making any project or require the logo for some other use the logo of the PMJDY is available in almost all the languages, you can download the one you require either you can download by clicking the link given along or by visiting the official web page of the PMJDY. LOGO PMJDY

Contact info

The contact detail is given below for your assistance along with the link of the officer appoint for the scheme you will get the contact number and address of them also by clicking on the link and list of the officer to whom you can contact about the scheme is also given below.

Mission Office Address:

Pradhan Mantri Jan Dhan Yojana,

Department of Financial Services,

Ministry of Finance,

Room No. 106,

2nd Floor, JeevanDeep Building,

Parliament Street,

New Delhi-110001

Phone: 011-23361571/23748738

Email: [email protected]

National Toll-Free Number  1800 11 0001, 1800 180 1111

Department of Financial Services 011- 23745128 / 23748714.


Though expectations are high, the scheme is highly unlikely to materialize.
Bank officials are to be ready to aid these people and educate them but what about other important issues which need more time and attention than this. The scheme has a predefine structure and an effective plan, it lacks practical implications of the same. Expectations are high and strong as it covers both the financial and literacy issue in one plan. Let’s hope for the best.

Visit the official website of Pradhan Mantri Jan Dhan Yojana

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About the author

Mukesh Jindal

Mukesh Jindal

My name is Mukesh Jindal, and I am from New Delhi, India. I am an engineer by profession. I am employed by an IT company in which I work. My topics of interest include technology, mobile, and apps.

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