PMJDY — Pradhan Mantri Jan Dhan Yojana: Complete 101 Guide#
Last updated: March 2026
What is PMJDY?#
PMJDY (Pradhan Mantri Jan Dhan Yojana) is India’s flagship financial inclusion program launched in 2014 to ensure access to financial services for all.
Program Objectives#
- Universal access to banking
- Financial literacy
- Credit availability
- Insurance coverage
Key Features#
Account Types#
| Feature | Basic Savings | Premium |
|---|
| Zero balance | ✅ | ❌ |
| Free RuPay card | ✅ | ✅ |
| Insurance (₹2 lakh) | ✅ | ✅ |
| Overdraft | Up to ₹10,000 | Higher |
Progress (2026)#
Statistics#
- Accounts: 50+ crore
- Deposits: ₹2+ lakh crore
- RuPay Cards: 30+ crore
- Insurance: ₹10+ lakh crore coverage
Benefits#
Banking Services#
- Zero-balance savings account
- Free RuPay debit card
- ATM withdrawals (free in home bank)
- Mobile banking
- Bill pay
Insurance#
| Scheme | Coverage |
|---|
| Pradhan Mantri Suraksha Bima Yojana | ₹2 lakh (accident) |
| Pradhan Mantri Jeevan Jyoti Bima Yojana | ₹2 lakh (death) |
Overdraft Facility#
- Up to ₹10,000 for eligible accounts
- Credit history building
- Interest on overdraft
Direct Benefit Transfer#
How DBT Works#
1
| Government → Aadhaar Seeding → Bank Account → Direct Credit
|
Schemes Covered#
- LPG subsidies
- MNREGA wages
- Pension schemes
- Agricultural subsidies
Consumer Rights#
- Zero-balance account guarantee
- Free basic services
- Insurance coverage entitlement
- Grievance via banking ombudsman