Account Benefits

• The account can be any bank account including a small account. For the coverage to be effective the above RuPay Card should be valid and in force. To get benefit of Accidental Insurance Cover, RuPay Debit Card must be used at least once in 45 days. Only one person in the family will be covered in the Bima Scheme and in case of the person having multiple cards / accounts the benefit will be allowed only under one card i.e. one person per family will get a single cover of Rs.30,000/-, subject to the eligibility conditions. The life cover of Rs 30,000/- under the scheme will be initially for a period of 5 years, i.e. till the close of financial year 2019-20. Thereafter, the scheme will be reviewed and terms and condition of its continuation, including the issue of future payment of premium by the insured thereafter, would be suitably determined. Maximum 4 withdrawals a month is permissible including ATM discount withdrawals.

Documents Required

• Documents required for opening of account under Jan Dhan Scheme: If Aadhaar Card is available then no other documents is required. If address has changed, then a self certification of current address is sufficient. If Aadhaar Card is not available, then any one of the following Officially Valid Documents (OVD) is required: Voter ID Card, Driving Licence, PAN Card, Passport & NREGA Card. If these documents also contain your address, it can serve both as “Proof of Identity and Address. If a person does not have any of the “officially valid documents” mentioned above, but it is categorized as ‘low risk’ by the banks, then he/she can open a bank account by submitting any one of the following documents: 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; Letter issued by a gazette officer, with a duly attested photograph of the person.

Zero Balance Account

• The person opening account under this scheme can maintain a Zero balance account.

OverDraft Facility

• Account holder under this scheme is eligible for an Overdraft facility of Rs. 5000/-. Overdraft facility upto Rs.5000/- will be available to one account holder of PMJDY per household after 6 months of satisfactory conduct of the account. Overdraft facility will be limited to Aadhaar linked accounts.