These 10 benefits of Jan Dhan account, which you need to know

 

Six years of Pradhan Mantri Jan Dhan Yojana (PMJDY) is completed. About 3.6 crore Jan Dhan accounts were opened in the last one year and the total number of Jan Dhan accounts was more than 40.35 crore as on 19 August 2020. Of these, 34.81 crore accounts were in working condition. According to the Finance Ministry, the average deposit per account is 3,239, more than 2.5 times since August 2015. Let's know what you can benefit from Jan Dhan account.

 

1. Jan Dhan account is opened absolutely free and no minimum balance is required to be kept in it.

 

2. Overdraft facility is available 6 months after opening the account in Jan Dhan account. The overdraft limit is Rs 10,000. Overdraft facility up to Rs 2,000 unconditionally in Jan Dhan account has been given from the beginning.

 

3. The RuPay debit card is given to the person opening the Jan Dhan account, from which he can withdraw money from the account or make purchases.

 

4. Free contingency insurance cover has been given on RuPay card for Jan Dhan accounts opened after 28 August 2018.

 

5. Accidental insurance cover up to Rs 2 lakh is available in Jan Dhan account. Life covers up to Rs 30,000, which is available on the eligibility conditions on the death of the beneficiary. It is easy to buy insurance, pension products through Jan Dhan account.

 

6. Money transfer is offered in any bank across the country.

 

7. The money directly comes from the benefits of government schemes in the Jan Dhan account.

 

8. Interest is also available on deposits in Jan Dhan account.

 

9. Free mobile banking facility is also provided with Jan Dhan account.

 

10. If there is a Jan Dhan account, then accounts will be opened for pension in schemes like PM Kisan and Shramayogi Maandhan.