If there is no JanDhan account, then get the old account converted, the government is giving many special facilities
PM Jan Dhan Yojana: The central government has sent another installment of Rs 500 to the Jan Dhan account women beneficiaries. Amid covid-19 lockdown, the government is providing financial help to the poor people of the country. Its very simple to open a Jan Dhan account. However, if you want to convert your old account into Jan Dhan account then the process is easy as well. Want to know how?
How to convert your old account into a Jan Dhan account?
Step 1: Go to the bank branch.
Step 2: Then, fill a form & apply for RuPay card.
Step 3: Once you have filled the form, submit it to the bank.
Step 4: After this, your bank account will be converted into Jan Dhan account.
What are the benefits of Jan Dhan account?
The Jan Dhan account comes with huge benefits for its women beneficiaries:
Interest is available on deposits in Jan Dhan account.
The beneficiaries get facility of free mobile banking with the account.
Thirdly, the Jan Dhan account holders can withdraw up to Rs 10,000 from their account by overdraft. However, this facility is available only after proper maintenance of Jan Dhan account for few months.
The PMJDY will provide you accidental insurance cover up to Rs 2 lakh.
Also, life cover up to Rs 30,000, which is available on completion of eligibility conditions on the death of the beneficiary are also given.
The beneficiaries can easily buy insurance, & pension products through Jan Dhan account.
It is to be noted that, if there is a PMJDY account, then accounts will be opened for pension in schemes example- PM Kisan Samman Nidhi Yojana and Shramayogi Maan Dhan.
There is no requirement to maintain minimum balance in the PMJDY account. But, if you want the facility of chequebook then you will have to maintain minimum balance.
How to open PMJDY new account?
The ones who want to open Jan Dhan account, must visit their nearest bank. There, Jan Dhan account form has to be filled. All the details have to be filled such as his name, mobile number, bank branch name, applicant's address, nominee, business / employment & annual income and number of dependents, SSA code or ward number, village code or town code etc.
Important Documents:
Certain important documents such as passport, driving license, PAN card number, Voter ID card issued by Election Commission, MNREGA job cord with signature of state government official are required to open Jan Dhan account.
