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JAN DHAN

YOJANA

• On 15th August 2014. . India's prime minister announced the financial inclusion mission titled “PRADHANMANTRI JAN DHAN YOJANA • JAN DHAN YOJANA roughly translates into English as “ People’s wealth scheme” • Launched on 28th August 2014.

No Savings No No Insurance assets Financial Exclusion No access to No bank money advice account No affordable credit 3 .

AIM OF PMJDY • To bring poor financially excluded people into banking system • It covers both urban and rural areas. • Raise of Indian Economy • To decrease corruption in Government subsidy schemes • Digital India .

PARTICIPAN TS • Nationalized Banks • Private-Sector Banks • SBI • Axis Bank • Bank of Baroda • Federal Bank • Bank of India • HDFC Bank • Canara Bank • ICICI Bank • IDBI Bank • ING Vysha Bank • Indian Bank • YES Bank • PNB • Kotak Mahendra • Union Bank of India Bank • Oriental Bank of • Karnataka Bank commerce .

BENEFITS OF OPENING BANK ACCOUNT UNDER PMJDY • Account can be opened with zero balance • Not required to maintain any minimum balance • ATM card can be issued • Accident insurance upto Rupees one lakh • Medical insurance cover of Rupees three lakhs .

•Valid Id proof from Government Organisation. •Ration Card with any photo proof. . •A letter from the Sarpanch of the village with a valid photograph. •Aadhaar card. •A job card issued by NRGEA and signed by state official. •A personal account Number or PAN Card. DOCUMENTS REQUIRED TO OPEN THE ACCOUNT •A voter identification card issued by the election commission of India(ECI).

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SOCIAL SECURITY INSURANCE • Pradhan Mantri Suraksha Bima Yojana (PMSBY) and • Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)  • Atal Pension Yojana (APY) .

PRADHAN MANTRI SURAKSHA BIMA YOJANA Highlights of the PMSBY – Scheme 1 – for Accidental Death Insurance are: Eligibility: Savings Bank (SB) Account holders between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit. will be enrolled into the . as per the modality.

Policy period: The cover shall be for one year period starting from June 1. For the saving A/c holder joining after . 2016 for which option to join / pay by auto-debit from the designated Savings Bank account on the prescribed forms will be required to be given by May 31.extendable up to August 31. 2015. 2015 . 2015 to May 31.

12 per annum. This is the only mode available.Premium: Rs. 2 Lakh. Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. Risk Coverage: Total coverage (sum- insured) under the scheme is Rs. .

one eye or loss of use of one hand or Lakh one foot *The total amount that can be claimed under the policy is INR 2 lakh only . 2 . Death Rs.  Table of Benefits* Sum Insured I. eyes or loss of use of both hands or feet Lakh or loss of sight of one eye and loss of use of one hand or one foot II Total and irrecoverable loss of sight of Rs. 2 Lakh II Total and irrecoverable loss of both Rs. 1 I.

PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA Highlights of the PMJJBY – Scheme 2 – for Life Insurance are: Eligibility: Savings Bank (SB) Account holders between 18 years (completed) and 50 years (age nearer birthday) who have given the consent to join the scheme / enable auto-debit. . as per the modality. will be enrolled into the scheme.

extendable up to August 31. Those joining subsequently may be able to do so with payment of full annual premium for prospective cover.Policy period: The cover shall be for one year period starting from June 1. 2015 to May 31. 2015. 2015. . 2016 for which option to join / pay by auto-debit from the designated savings bank account on the prescribed forms will be required to be given by May 31.

330 (per annum).Premium: Rs. Risk Coverage: Sum Assured of Rs. Payment Mode: The premium will be directly auto-debited by the bank from the subscribers’ savings bank account. This is the only mode available currently. 2 Lakh on death of the Insured member for any reason is payable to .

2 lakhs and other .Termination of assurance: Account holder attains age of 55 years Closure of account with the Bank or insufficiency of balance for debiting premium. In case of multiple coverage under the scheme. the cover will be restricted to Rs.

ATAL PENSION YOJANA (APY) The pension scheme will focus on the unorganised sector and provide subscribers a fixed minimum pension of Rs 1.000 per month starting at the age of 60 years. 2.000 or Rs 5. 4. .000. depending on the contribution option exercised on entering at an age between 18 and 40 years. 3.000.000.