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Q.

Who Can Open an Account under PMJDY?

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0 2023-07-31T20:33:23+00:00

PMJDY is the abbreviation for Pradhan Mantri Jan Dhan Yojana. It is a mission through which the government ensures that citizens get access to all financial services easily and in an affordable manner. It is good that you want to open an account here and are trying to know who can open an account under PMJDY. There is a set of criteria that you need to follow and they are-

Who can open PMJDY account?

The criteria that need to be followed to open an account are-

  • The applicant must be an Indian citizen, and if not, he/she needs to be approved by the bank as a low risk individual

  • The applicant must be below 60 years of age

  • Minors above 10 years are also eligible to open an PMJDY account having a guardian to manage his/her account

  • An individual having a basic savings account in operation with the bank can get it transferred or link to Jan Dhan Yojana

But yes, I will always suggest to verify again with the bank on who are eligible to open PMJDY account to be 100% sure, but these are the primary ones. I opened an account last year, so I am sure about the eligibility.

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