Last updated: October 2026 · 3 min read
Launched on 28 August 2014, Pradhan Mantri Jan Dhan Yojana (PMJDY) aimed to give every household a bank account. More than 50 crore accounts have been opened, bringing millions of Indians into the banking system and enabling direct benefit transfers.
Key benefits
| Benefit | Detail |
|---|---|
| Account | Basic Savings Bank Deposit Account with no minimum balance |
| Interest | Earns interest like a normal savings account |
| RuPay debit card | Free, with built-in accident insurance |
| Accident insurance | ₹2 lakh for accounts opened after 28 August 2018 (₹1 lakh for older accounts) |
| Overdraft | Up to ₹10,000 for eligible account holders after satisfactory operation |
| DBT | Government benefits like LPG subsidy and scholarships credited directly |
| Micro-insurance and pension | Access to PMJJBY, PMSBY and Atal Pension Yojana |
Who can open a Jan Dhan account?
Any Indian citizen aged 10 years or above can open a PMJDY account. Minors can open an account operated by a guardian.
Documents required
- Aadhaar card is the most common document.
- Other officially valid documents: voter ID, passport, driving licence, NREGA job card or National Population Register letter.
- A “small account” can be opened with a self-attested photo and signature at the branch, with limits on balance and transactions until KYC is completed.
How to open an account
- Visit any bank branch or Business Correspondent (Bank Mitra) outlet.
- Ask for the PMJDY account opening form.
- Fill in details and attach KYC documents.
- Collect your passbook and RuPay card.
Overdraft facility explained
After the account has been operated satisfactorily, typically for about six months, one member of the family, preferably the woman, can get an overdraft of up to ₹10,000, with up to ₹2,000 usually available without conditions. Age limits apply (generally 18-65 years).
Frequently asked questions
Is a Jan Dhan account zero balance?
Yes. There is no minimum balance requirement.
How do I claim the accident insurance?
Nominees apply through the bank with the death certificate and FIR/post-mortem report; the RuPay card must have been used at least once in the 90 days before the accident.
Can I have two Jan Dhan accounts?
Generally only one PMJDY account per person; additional accounts may be converted to regular savings accounts.
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This article is for general information, not financial, tax or legal advice. Rates, limits and rules change; always confirm on the official website or with a qualified advisor before you act. Spotted something that needs updating? Let us know.
