What is Jandhan Khata?

If you are curious to know what is Jandhan Khata, I’d like to say that the term “Jan-Dhan Khata” is not a standard term or official part of the Pradhan Mantri Jan-Dhan Yojana (PMJDY). However, if you are referring to the Jan-Dhan accounts opened under this scheme, let me provide you with relevant information.

What Does Jandhan Khata Means?

The Pradhan Mantri Jan-Dhan Yojana is a financial inclusion program launched by the Indian government. Its primary purpose is to ensure affordable access to financial services for all citizens, especially those who were previously excluded from the formal banking system.

Key objectives include promoting savings, enabling remittances, providing credit, and offering insurance and pension services.

Benefits of Jan-Dhan Accounts:

• Zero Balance Accounts: Jan-Dhan accounts can be opened with zero balance.

• Accidental Insurance Cover: Account holders receive an accidental insurance cover.

• Overdraft Facility: Some Jan-Dhan accounts offer an overdraft facility (subject to eligibility).

• Life Insurance: Account holders can avail of a life cover (paid upon the beneficiary’s death, subject to fulfilling eligibility criteria).

• Direct Benefit Transfer: Funds can be directly transferred to Jan-Dhan accounts for various government schemes.

• Easy Fund Transfers: Convenient transfer of funds across India.

• Pension and Insurance Products: Access to pension and insurance products.

• Financial Literacy: Awareness programs to enhance financial literacy.

• Banking Services: Access to basic banking services through Bank Mitras (banking correspondents).

Statistics: As of now, over 37.55 crore Jan-Dhan accounts have been opened, with a total deposit of Rs. 1,07,172.54 crore. Bank Mitras provide banking services in areas where bank branches are not available.

Remember that Jan-Dhan accounts play a crucial role in promoting financial inclusion and empowering individuals across India.

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