Who Can Open An Account Under Pmjdy
The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a financial inclusion scheme launched by the Indian government in 2014. The scheme aims to provide access to financial services such as banking, savings and deposit account, remittance, pension, and Credit Insurance to the poor and needy section of society. However, income is not a bar to open a PMJDY account.
Any Indian resident over the age of 18 years is eligible to open a bank account under the PMJDY scheme. The exit age for a bank account opened under the PMJDY scheme is 60 years. Also, a person with an existing savings bank account can transfer his/her account to account to Pradhan Mantri Jan Dhan Yojana account.
There are different types of accounts that can be opened under the PMJDY scheme. These include Basic Savings Bank Deposit Account (BSBDA), Small Account/Chota Khata Account, BSBDA-Small Account, BSBDA-NREGA Account.
The Basic Savings Bank Deposit Account (BSBDA) is meant for people who do not have any other bank account. Such an account does not require any minimum balance maintenance, and the account holders can use both bank branches and ATMs for depositing and withdrawing cash. However, one cannot withdraw cash more than four times a month.
A Small Account/Chota Khata Account can be opened by anyone who does not have any valid documents for KYC (Know Your Customer) purposes. The maximum balance limit for this type of account is Rs. 50,000.
A BSBDA-Small Account is meant for people who do not have any other bank account but have valid KYC documents. The maximum balance limit for this type of account is Rs. 1 lakh.
A BSBDA-NREGA Account can be opened by people who are beneficiaries of the National Rural Employment Guarantee Act (NREGA). The maximum balance limit for this type of account is Rs. 50,000.
Here are some websites that discuss Who Can Open An Account Under Pmjdy:
- [BankBazaar](https://www.bankbazaar.com/saving-schemes/different-types-of-account-opened-under-pmjdy.html)
- [Fincash](https://www.fincash.com/l/pradhan-mantri-jan-dhan-yojana-pmjdy)
- [Department of Financial Services](https://www.pmjdy.gov.in/scheme)
- [myScheme](https://www.myscheme.gov.in/schemes/pmjdy)
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