18 million bank accounts opened under Pradhan Mantri Jan-Dhan Yojana; 7000 camps held

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    18 million bank accounts opened under Pradhan Mantri Jan-Dhan Yojana
    The Pradhan Mantri Jan-Dhan Yojna, an ambitious programme on Financial Inclusion to cover about 7.5 crore unbanked households launched by Prime Minister Narendra Modi on August 28, saw more than 18 million accounts being opened in less than 2 days. The government has set a target of opening 7.5 crore bank accounts by Jan 26, 2015, which should be a record in itself.

    The government has decided that henceforth, banks will be holding such camps on weekly basis, from 8 am to 8 pm on all Saturdays so that the target of covering unbanked households is achieved well in time.

    For more on what the Pradhan Mantri Jan-Dhan Yojana is click here

    Under the scheme, a person from an unbanked household, opening an account will get a RuPay debit card with a Rs. 1 lakh accident insurance cover. An additional Rs. 30,000 life insurance cover for the accounts opened up to 26th January, 2015 was also announced by Hon'ble Prime Minister. The modalities of this additional life cover are being worked out by the Department of Financial Services.

    Beneficiaries, who already have a bank account, are also eligible to take benefits of accident insurance of Rs. 1 lakh and life insurance of Rs. 30,000 under this scheme by getting a RuPay card issued from their bank branch before 26th January, 2015.

    GoodReturns.in

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more