PMJDY under the National Mission for Financial Inclusion was launched initially for a period of Four years on 15th August 2014. It envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension.
PMJDY has provided a platform for the three social security scheme viz.Pradhan Mantri Jivan Jyoti Yojana (PMJJBY), Pradhan Mantri
Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY)
The government has decided to extend the comprehensive PMJDY programme beyond 28.08.2018 with the change in focus from “every household to every adult”.
Opening of Basic Saving Bank Deposit Accounts and Small Accounts:
We are opening PMJDY accounts through BC points (Bank Mitrs) as well as through Branches. All our branches have been issued with latest guidelines of the scheme. RBI guidelines to display the features of Basic Saving Bank Deposit Account (BSBDA) and Basic Saving Bank Deposit Small Accounts (BSBDS) including relaxed KYC documents have been followed by branches.
Bank has categorised PMJDY accounts in two categories as per the extant guidelines of RBI on the basis of KYC compliance as under -
Basic Saving Bank Deposit Account (BSBDA)-
Instant Account opening through Business Correspondents (BCs)-
Bank has implemented opening of instant accounts through e-KYC from BC/Bank Mitr locations also. Under this channel BSBDA Accounts will be opened for customer after authentication of his/her biometrics from Aadhaar. All e-KYC accounts will be treated as full KYC compliant accounts. However customers will be able to operate initially at BC locations only. If customer want to operate the account from Branch also and to obtain the Rupay Card/Cheque book etc., and to do other digital transactions, he/she is required to visit the Branch concerned and submit theaccount opening form along with photocopy of Aadhaar, Pan Card/Form 60 or 61 and subscribe signature/thumb impression on account opening form. Branch will update their record and deliver the Rupaycard, Cheque book etc. to customer.
Basic Saving Bank Deposit Small Accounts (BSBDS)-
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