SBI Special Scheme: Only Aadhaar card is needed to register for these social security schemes

The State Bank of India (SBI) has recently introduced a host of services for its customers, especially linked to social security schemes. Lately, SBI announced that people can enrol into several social security schemes just by using their Aadhaar card, thus eliminating the requirement of having a passbook. Therefore, the registration process has been simplified significantly for the beneficiaries of welfare schemes.

How to register for SBI special schemes?

The interested beneficiaries can visit any SBI Customer Service Points (CSPs) to complete the registration process by only using their Aadhaar card. Moreover, the public sector bank's advanced banking system accelerates the entire process making it much more convenient. The CSPs provide seamless and efficient transaction facilities that allow customers to access these SBI special schemes just by using their Aadhaar.

What schemes are listed under SBI special schemes?

There are several schemes that are listed under SBI special schemes and one of them is the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). This insurance scheme is aimed at individuals aged between 18 and 50 years. It provides risk coverage for Rs 2 lakh in case of the death of a person under any circumstance. The premium is priced at Rs 436 per annum, which will be deducted automatically every year from the individual's bank account.

The other schemes that come under this category are Atal Pension Yojana (APY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). The APY scheme has been dedicated towards the unorganised sectors of the nation and targeted at individuals aged between 18 and 40 years. The enrolled individual would start receiving the pension at the age of 60. These people need to opt for a monthly pension ranging from Rs 1,000 to Rs 5,000.

On the other hand, the PMSBY scheme is targeted at individuals aged between 18 and 70 years. It provides a cover of Rs 2 lakhs in case of accidental death or complete disability andRs 1 lakh in case of partial disability. The premium of Rs 20 per annum is auto-deducted every year from the account of the insured.

Aadhaar is the primary document in the registration process and hence, SBI has made the process easier with its latest announcement.