Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. Account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet. PMJDY accounts are being opened with Zero balance. However, if the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria.
Atal Pension Yojana (APY), a pension scheme for citizens of India is focused on the unorganized sector workers. Under the APY, guaranteed minimum pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will be given at the age of 60 years depending on the contributions by the subscribers. Any Citizen of India can join APY scheme. Following are the eligibility criteria:
A Pension provides people with a monthly income when they are no longer earning.Decreased income earning potential with age.The rise of nuclear family-migration of earning member.Rise in cost of living.Increased longevity.Assured monthly income ensures dignified life in old age.
This is a non-linked, non-participating, one year renewable group term insurance product. This product has been designed to meet the requirements of Government of India’s “Pradhan Mantri Jeevan Jyoti Bima Yojana” (PMJJBY) scheme. The scheme will be administered by Banks and be guided by the scheme rules as specified by the Government of India from time to time.The insurance cover under this product will start from the date of debit of premium from the insured member’s account for joining the scheme.
Protection at an affordable cost. Instant processing: No medical examination required Easy enrolment: Enrolment based on a simplified proposal form
This is a non-linked, non-participating, one year renewable group term insurance product. This product has been designed to meet the requirements of Government of India’s “Pradhan Mantri Jeevan Jyoti Bima Yojana” (PMJJBY) scheme. The scheme will be administered by Banks and be guided by the scheme rules as specified by the Government of India from time to time.The insurance cover under this product will start from the date of debit of premium from the insured member’s account for joining the scheme
Protection at an affordable cost Instant processing: No medical examination required Easy enrolment: Enrolment based on a simplified proposal form
The scheme will be a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident.
Eligible customers will be sent an SMS asking them to respond as 'PMSBY
The bank at places where it is not possible to open branch of the bank. Dhan Rashi Solution basically acts like the agent of banks and provides all kind of assistance in opening an account.