PM Jan Dhan Yojana Account For Children: PMJDY is a nationwide scheme launched by the Government of India which aims to ensure financial inclusion of every person who does not have a bank account in India. This scheme provides all banking services like remittance, credit, insurance, pension, savings and deposit accounts to the poor and needy section of our society.
Now, you can also open accounts for children/ minors under the Pradhan Mantri Jan Dhan Yojana. Any child who is above the age of 10 years is eligible for this account. The account will be looked after by the parents till the child turns 18 years old.
Benefits of Children's Pradhan Mantri Jan Dhan Yojana:
You will get many benefits by opening a bank account of children under the Pradhan Mantri Jan Dhan Yojana:
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There will be no need to maintain minimum balance in children's account.
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Live cover up to ₹ 30000 will be available in the Prime Minister's Jan Dhan account!
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Under the scheme, money transfer facility will be provided across the country.
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Accidental insurance cover up to ₹ 200000 will be provided in Jan Dhan accounts like other Jan Dhan accounts.
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Under the Jan Dhan Yojana (PM Jan Dhan Yojana), interest will be available on the amount deposited in the account of children.
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This scheme will be available to every beneficiary child in urban and rural areas across the country.
How to apply for a Minor’s Pradhan Mantri Jan Dhan Account?
To open an account for your children under the Pradhan Mantri Jan Dhan Yojana, you will have to go to the bank associated with the scheme. There you can open the account by filling the application form to open PM Jan Dhan account in the name of your child. To apply (PM Account Opening Scheme) you will need the following documents –
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Child's aadhar card
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Aadhar card of the child's parents
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Address proof
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Ration Card or Voter ID Card
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Mobile number
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Passport size photograph
To open a Jan Dhan Yojana account, you need to obtain the application form, which is available in both English and Hindi and is available on the official website of PMJDY (pmjdy.gov.in).
Fill it and submit it along with the required documents. The application form is called Financial Inclusion Account Opening Form. It consists of three sections where you have to provide the details of yourself, the nominee and the bank where the account is being opened.
