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Prime Minister of India, Narendra Modi, has come up with a Pradhan Mantri Jan-Dhan Yojana (PMJDY). It is a nationwide initiative to ensure that everyone is financially included. This scheme allows easy access to the major financial services to everyone at a very low cost. The services include banking services such as savings account, insurance, credit and more.
These accounts can be opened at any branch. You can also open an account at the Business Correspondent, also called Bank Mitr, outlets. This scheme allows people to open account with a zero balance. But with zero balance you do not get a cheque book. If you want a cheque book issued then you will need to have a certain minimum balance in your bank account.

What if you have No Documents and what a PM Jan dhan Yojana Account (PMJDY)

If you have the officially valid documents, such as Aadhaar card, you can submit it at the time of opening of the bank account. However, if you do not have any documents, you can still go ahead and open a bank account under this scheme called Small Account PMJDY
You can have a Jan Dhan account at a bank by giving two photographs self attested at the branch where you want to open the account. In an official statement issued by RBI which was dated 26 August 2014, it was mentioned that if there is no official valid document or the ULID number, the bank accounts can be opened with just two self-attested photographs.
Small Account PM Jan Dhan Yojana

Limits of Small Account Pm Jan Dhan Yojana (PMJDY)

But there are certain limits to these accounts. These accounts are called small accounts and will remain valid for about 12 months only.  If the account holder is able to provide the officially valid documents within this period they shall be able to continue with the account.
A small account also has a maximum 50,000 balance and 100,000 Rs credit limit. Also, you will not be able to withdraw more than 10,000 Rs per month from a small account.


How to transfer old accounts under this Jan Dhan Yojana?
The Prime Minister Office of India’s new initiative of Jan Dhan Yojana is appreciated for its approach to eradicate the economic discrimination prevailing in India by providing opportunity to every Indian to open a bank account with even a zero balance. This venture is the first step taken by the elected Prime Minister in India to bring equality in banking facility to every Indian.
Jan Dhan Yojana account transfer
The banking system which was previously within reach of only the few Indians with a sustainable earning and who can successfully maintain the predetermined bank limit of their savings account; is now open to every individual Indian for its “zero balance” feature. Also to encourage every Indian to open an account, the lucrative features of this scheme include overdraft facilities of up to Rs. 5000 after successful operation of the account after six months from opening.
Also the account holder gets a personal accident insurance cover of Rs.1 lac and Rs. 30000 for life insurance coverage. These features indeed can inspire most account holders to learn how to transfer their old accounts under this Jan Dhan Yojana. However to avoid complexity and account mismanagement, an account holder does not have to re-open a different account under this scheme.
In order to learn how to transfer their old accounts under this Jan Dhan Yojna, the account holder of any bank just needs to issue a RuPay Card to avail the insurance facilities offered under PMJDY scheme. Therefore an already existing account holder does not need to open a separate Jan Dhan Yojna account to avail the insurance benefits.
The benefits to the accountholders don’t just end there though. Similarly the overdraft facilities can be attained with the existing account provided the account has been successfully operated and the account holder has a clean profile on default loan payments

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