How to Open Jan Dhan Yojana Account – Eligibility and Documents

The honourable Prime Minister of India, Shri Narendra Modi, launched Jan Dhan Yojana in 2014. It is a scheme for financial inclusion that aims to connect the rural & urban public to the banking system. The central governments aimed to provide financial aid to people in need. 

Jan Dhan Yojana has made a Guinness world record by opening 18,096,130 accounts in one week. The central government has introduced Bank Mitra to handle only Jan Dhan’s account.

What Is the Eligibility for Pradhan Mantri Jan Dhan Yojana?

You may check eligibility for Jan Dhan Yojana given below:-

• You must be a permanent Indian citizen to open the Jan Dhan account successfully. A minor child aged ten years can apply for a zero balance account in any bank. However, the account will be under the parent’s supervision. Minor will also get a RuPay card for easy money withdrawal.
• You can transfer your current savings into the Jan Dhan Yojana account. It benefits the account holder in future financial aid.
• you will need identity proof verified by a gazetted officer to easily open Jan Dhan Yojana’s account.
• You can also apply if you don’t have any identity or resident proof. The bank will do a background survey and approve the application.

What Are the Objectives of the Jan Dhan Yojana Account?

The Jan Dhan Yojana is beneficial in many ways. You can enjoy government schemes with subsidies and apply for instant loans. Check out the main objectives of the Jan Dhan Yojana account listed below:

• It improves financial awareness among rural & urban citizens.
• It provides at least one bank account to every citizen.
• You can get guaranteed credit funds.
• You can apply for microloans.
• It will get a RuPay card for easy ATM access.
• You can access your frozen account and reactivate them.
• Old-age citizens get pension facilities under the unorganised sector.

There are so many hidden objectives of the scheme. It improves confidence and self-esteem in rural people. It spreads awareness among women about finance and management.

The scheme has divided all 6 lakh villages into small sections. These small sections are known as Sub Service Areas. The government introduced new bank outlets in these areas

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In total, the scheme reached 1000-1500 households and opened accounts. The government provided access to unemployed youth, retired citizens, NGOs, NBFS, and RBI-verified individuals to become Bank Mitra. 

The Finance Ministry monitor all SSA and activities of Jan Dhan Yojana.

What Are the Documents Needed for Jan Dhan Yojana?

Check the documents listed below if you want to apply for a Jan Dhan Yojana account: 

• You must have two passport-size pictures for an application form.
• You must have address proof, like an electricity bill with your permanent or current address.
• You must take two photocopies of your Aadhar card as identity proof.
• If you have recently changed to a new address, provide proof of shifting and attach a photocopy to the form.
• You can attach a recommendation letter from the gazetted officer as permanent resident proof to the bank.
• If your work is under the MGNAREGA scheme, you must attach a copy to the form.

These documents are must-haves to open a Jan Dhan Yojana account. The bank can do a small background check if you fail to submit any document.

The bank may consider opening a temporary account. After one year, you can provide the missing document. It converts temporary accounts into permanent accounts. 

Which Banks Offer Jan Dhan Yojana Accounts Service?

All banks of India, verified by RBI, are eligible to open Jan Dhan Yojana accounts. You may check the list of public sector and private sector banks below:-

Public Sector Banks

• State Bank of India
• Union Bank of India
• Bank of Baroda
• Punjab and Sind bank
• Bank of India
• Indian bank
• Syndicate bank
• Canara Bank
• Andhra Bank
• The Central Bank of India
• IDBI Bank
• Corporation Bank

Private Sector Banks

• Axis Bank
• Induslnd Bank
• ICICI Bank
• Yes Bank
• HDFC Bank
• Dhanlaxmi Bank. Ltd
• Karnataka Bank
• ING Vysya Bank. Ltd
• Federal Bank
• Kotak Mahindra Bank

How to open a Jan Dhan Yojana account?

You may follow the steps to open a Jan dhan yojana account. The process of account opening is completely online. You can visit your nearest Bank Mitra and open your account. Or fill the form by taking print out from the nearest bank.

1. Fill out the form with personal details.
2. Attach the asked documents, like identity and address proof.
3. If you work as an MGNREGA employee, attach a copy of the card. You can attach a recommendation letter as well.
4. Visit your nearest bank with the form and documents.
5. Submit the form, and they will verify and open the Jan Dhan Yojana account.

What Are the Advantages of Pradhan Mantri Jan Dhan Yojana?

The Jan Dhan Yojana was launched on a large scale. It spread financial literacy in the rural population.

The scheme has helped the economically weaker sections with Bank Mitra. Take a look at the following life-changing benefits of Jan Dhan Yojana: 

• You can apply for insurance under Jan Dhan Yojana. Bank offers life cover and vehicle insurance from Rs. 30000 to Rs. 200000. It also provides coverage for uncertain death.
• You can do mobile banking with Jan Dhan Yojana. You can do transactions from simple phones and don’t need smartphones. It gives hidden financial freedom to every account holder.
• You can apply for a loan with Jan Dhan Yojana. Once you complete six months with the account, you can apply for a loan. The loan amount starts from Rs. 5000.

Conclusion

Pradhan Mantri Jan Dhan Yojana is an initiative for the weaker section of society. It helps spread financial awareness in the rural population. You can check the eligibility, documents and advantages in the article above.

The government is reaching every small village with Bank Mitra. Every bank under RBI partners with the government to provide financial aid. Apply for your Jan Dhan Yojana account.

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