JAN DHAN YOJANA:

the prior motive behind this initiative is the financial inclusion of every individual who does not have a bank account. Under the PMJDY scheme, the account holders will be given worth Rs.30000 insurance coverage and an accidental life insurance coverage of over Rs. 100000. For the people who already have a bank account can become part of this by just registering their bank account under this scheme in their respective banks. This scheme is for every Indian irrespective of his class, creed, religion, financial status..etc. Not only this, if the person keeps the bank account active and saves some money, which they will, then the account holder will be given the overdraft limit of 5000 that one can withdraw from the account. So, by just registering your account under this scheme you are secured with 30000 accidental insurance and life cover of 1 lac rupee. So if you have not still got it, get it now!! Many new technological facilities would be available to all the account holders by the National Payments Corporation of India (NCPI). Under these, the account holder can avail facilities like anytime fund transfer, Balance checking, etc. through normal phones as well as opposed to the use of only smartphones to date. Mobile banking facilities will also be available through the National Unified USSD Platform (NUUP) for which all the mobile companies and banks have joined hands.