What are the special benefits under Pradhan Mantri Jan Dhan Yojana PMJDY 1 Interest on deposit 2 Acc...........

Finance (Phase -I & II) Financial Inclusion

What are the special benefits under Pradhan Mantri Jan Dhan Yojana (PMJDY)?

1.Interest on deposit.

2.Accidental insurance cover of Rs. 2 lac.

3.The scheme provide life cover of Rs. 30,000/- payable on death of the beneficiary, subject to fulfillment of the eligibility condition.

only 1 and 2

only 1 and 3

only 2

1, 2 and 3

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Explanation:

Special Benefits :-

Interest on deposit.
Accidental insurance cover of Rs. 1 lac.
No minimum balance required.
The scheme provide life cover of Rs. 30,000/- payable on death of the beneficiary, subject to fulfillment of the eligibility condition.
Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
After satisfactory operation of the account for 6 months, an overdraft facility will be permitted.
Access to Pension, insurance products.
Overdraft facility upto Rs.5000/- is available in only one account per household, preferably lady of the household.