With a dream of building a better India, India's prime minister Mr Narendra Modi has announced a new financial inclusion scheme called Pradhan Mantri Jan-Dhan Yojana (PMJDY) at the Red Fort on August 15, 2014 under which every family living in India must have a bank account. It is a national mission to provide an easy access to financial services like banking, bank accounts, remittance, loans and credits, insurance, pension, etc. to poor and needy people of India in an affordable manner at national level. The key idea behind this scheme is to end the financial untouchability in India, with the opening of appox.1.5 crore bank accounts of 7.5 crore families in one year across India. The scheme is particularly designed for those who have failed to get the benefits of various financial schemes being offered by the government of India.
Accounts which can be opened under PMJDY are Basic Savings Bank Deposit Accounts (BSBDA) which can be of zero balance.
According to official records, total 24.1 crore bank accounts have been opened till August 31, 2016 with an accumulated balance of Rs 42,094.24 crore.
About 19 crore of these accounts have been issued Rupay cards. More than 50% of total Jan Dhan accounts have the Aadhaar Card of the account holder linked to them making them eligible for all wage payments to NREGA workers through Direct Benefit Transfer and for direct subsidy payments of LPG.
Accounts with no balance in them were 76.81% of the total accounts opened under this scheme as on September 30, 2015 which have come down to only about 32% at the end of December, 2015.
|Allahabad Bank||Public Sector Bank||Andhra Bank||Public Sector Bank||Axis Bank Ltd.||Private Sector Bank||Bank Of Baroda||Public Sector Bank||Bank Of India||Public Sector Bank||Bank Of Maharashtra||Public Sector Bank||Bhartiya Mahila Bank||Public Sector Bank||Canara Bank||Public Sector Bank||Central Bank Of India||Public Sector Bank||Corporation Bank||Public Sector Bank||Dena Bank||Public Sector Bank||Dhanlaxmi Bank Ltd.||Private Sector Bank||Federal Bank Ltd.||Private Sector Bank||Hdfc Bank Ltd.||Private Sector Bank||Icici Bank Ltd.||Private Sector Bank||Idbi Bank||Public Sector Bank||Indian Bank||Public Sector Bank||Indusind Bank Ltd.||Private Sector Bank||Karnataka Bank Ltd.||Private Sector Bank||Kotak Mahindra Bank Ltd.||Private Sector Bank||Oriental Bank Of Commerce||Public Sector Bank||Punjab & Sind Bank||Public Sector Bank||Punjab National Bank||Public Sector Bank||State Bank Of Bikaner & Jaipur||Public Sector Bank||State Bank Of Hyderabad||Public Sector Bank||State Bank Of India||Public Sector Bank||State Bank Of Mysore||Public Sector Bank||State Bank Of Patiala||Public Sector Bank||State Bank Of Travancore||Public Sector Bank||Syndicate Bank||Public Sector Bank||Union Bank Of India||Public Sector Bank||Vijaya Bank||Public Sector Bank||Yes Bank Ltd.||Private Sector Bank|
It is to be noted that a minor of above the age of 10 years can open his/ her savings bank account under PMJDY in any bank. People can avail nomination facility at the time of account opening.