What are the benefits of PMJDY?
- Opening of Zero- balance accounts: Bank accounts opened under this scheme do not require any minimum balance and also interest is provided on the deposits. A free RuPay debit card is availed to the account holder.
- Direct transfer of the benefit amount: Due to this scheme, the government subsidies are directly transferred to the beneficiary’s account, to reduce delay and leakage to get service.
- Loan Benefits: The account holders can avail an overdraft facility up to Rs. 10,000 under this scheme. It is available against one account per household.
- Mobile Banking Facility: It facilitates the account holders in checking the balance and also of transfer of funds with ease across India.