The NDA government has strengthened Prime Minister Jan Dhan Yojana which is aimed at providing financial assistance to all needy families across the country. Currently, there are approx 32.41 crore Jan Dhan accounts, and to even further boost this investment tool, the government has recently introduced new guidelines. One of the interesting measures announced by the government was increasing the overdraft limit from Rs 5000 to Rs 10,000. That means, a Jan Dhan account holder can withdraw Rs 10,000 from his account any time in case of need and won't have to pay any penalty.

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Further, the government even stated that there is no condition for making an overdraft up to Rs 2000. The age limit for making an overdraft has also been increased from 18-60 years to 18-65 years.

Such comes as a good news for many low-class families as now opening this account becomes even more flexible and accessible. 

If you are interested in availing a Jan Dhan Account, then here’s how you can do it. 

Firstly, you need to visit the bank or institution designated by the government. Here's the list of the banks. 

Public sector banks (PSBs)

  • State Bank of India (SBI)
  • Bank of Baroda (BoB)
  • Andhra Bank
  • Bank of Maharashtra
  • Bank of India (BoI)
  • Canara Bank
  • Corporation Bank
  • IDBI Bank
  • Indian Bank
  • Punjab National Bank (PNB)
  • Central Bank of India
  • Vijaya Bank
  • Punjab & Sind Bank, Bank
  • Syndicate Bank
  • Dena Bank
  • Allahabad Bank
  • Union Bank of India
  • Oriental Bank of Commerce (OBC)

Private banks

  • ICICI Bank Ltd.
  • Axis Bank Ltd.
  • HDFC Bank Ltd.
  • Federal Bank Ltd.
  • IndusInd Bank Ltd.
  • ING Vysya Bank Ltd.
  • Karnataka Bank Ltd.
  • Kotak Mahindra Bank Ltd.
  • YES Bank Ltd.
  • Dhanalaxmi Bank Ltd.

In the above mentioned banks, you will find the desk with Jan Dhan Yojana details and the officials are normally called Bank Mitra. 

Bank Mitra will provide the account opening form and you need to fill the account opening form and submit it with a valid copy of ID proof. 

ID Proofs: 

The best way to open a Jan Dhan account is to give your Aadhaar card as ID proof, because then you do not need to produce any other document at the time of opening an account. 

In case, if an Aadhaar card is not available, then you have to give details like Voter ID, driving license, PAN card, passport and NREGA (Mahatma Gandhi National Rural Employment Guarantee Act) card. 

A person also needs to provide two signed photographs, however, only with the filled account opening form. 

Some banks also have online facility to open a Jan Dhan account on their website eliminating the time of standing in line. 

It needs to be noted that, Jan Dhan account has a validity of 12 months and the customer will also get a RuPay debit card for carrying ATM transactions. 

Currently, there are approx 32.41 crore Jan Dhan accounts that have been opened with more than Rs 81,200 crore of deposit balance. More than 7.5 crore Jan Dhan accounts receiving Direct Benefit Transfer.