What are the disadvantages of Jan Dhan account?

The shocking drawbacks and issues with Jan Dhan Yojana

• Increased accounts but not transactions.
• False overdraft facility.
• Consider the logistics before.

What is the interest rate on Jan Dhan account?

Normally, the applicable rate of interest is 4\%. However, it is subject to change. What is the applicable rates of interest on overdraft or loan under the PMJDY scheme? The applicable rate of interest is 12\%.

Can Jan Dhan account be opened now?

The Jan-Dhan Yojana account opening process is completely online. Get the Pradhan Mantri Jan-Dhan Yojana application form from the Pradhan Mantri Jan-Dhan Yojana’s official website or from any other bank’s website. The bank account will be opened after the documents have been verified.

What is the Jan Dhan Yojana?

One of the most ambitious projects taken up by the central government of India in the year 2015 is the Jan Dhan Yojana. The scheme is actually aimed for opening bank accounts for all the inhabitants of India and also to remove the bank untouchability completely.

When was the Pradhan Mantri Jan Dhan Yojana launched?

It was launched on 1st January 2013. Aadhar cards – a unique identification cards based on biometric identification will be linked to bank accounts of beneficiaries. ‘Pradhan Mantri Jan Dhan Yojana’ was launched on 28th August 2014 with the aim of universal access to banking facilities.

Is Aadhaar card required to open a Jan Dhan account?

An Aadhaar card is just all required to open a Jan Dhan account, which also comes with accident insurance benefit of up to Rs 1 lakh with each account. Further, accounts opened before January 26, 2015 will also get an additional life cover of Rs 30,000.

What are the benefits of ‘HDFC ergo’ scheme?

1. Account holders will be provided zero-balance bank account with RuPay debit card, in addition to accidental insurance cover of Rs 1 lakh (to be given by ‘HDFC Ergo’). 2. Those who open accounts by January 26, 2015 over and above the 1 lakh ₹ accident, the