Pradhan Mantri Jan Dhan Yojana

Question 1

Ministry?And is the scheme completly new?

Answer 1

Mo Finance, No it is renamed after National Financial Inclusion Scheme

Question 2

It is only for rural poor right?

Answer 2

All households across the country - both rural and urban are to be covered under the scheme. Bank accounts will be opened for 15 crore poor persons.

Question 3

What are some other features

Answer 3

1 overdraft facility of Rs 10,000 accounts after
satisfactory operation in the account for 6 months.

2 Issuance of RuPay Debit Card with inbuilt Rs 2 lakh
personal accident insurance cover provided by HDFC
Ergo and a life cover of Rs 30,000 provided by LIC

3 A minimum monthly remuneration of Rs 5,000 to
business correspondents who will provide the last link
between the account holders and the bank.

Question 4

Can we open joint account and they will give us checq book right?

Answer 4

Yes we can open joint account. Checque book is given after request made on basis of balance.

Question 5

Who handles Rupay

Answer 5

NPCI