Benefits of Pradhan Mantri Jan-Dhan Yojana Bank Account
Forging Financial Inclusion
Objectives: Banking for all by providing basic banking accounts with a debit card that includes inbuilt accident insurance.
First Phase of the mission:
Starts this month, would end in January 26, 2015
Second Phase:
Will start from 2015 till 2018, covering aspects like micro insurance and pension schemes like Swavalamban.
Highlights:
RuPay Debit Card with inbuilt
Rs. 1 lakh accident insurance cover
By January 26, people opening accounts will get additional Rs.30000/- life insurance.
A record 1.5 crore accounts opened on August 28, 2014
