Product Details
Bank Name
Axis Bank
Account Name
Pradhan Mantri Jan Dhan Yojana
Account Type
Saving
Interest Rate
Less than Rs. 50 Lakh-3.00% p.a
Free Debit Card
Free Rupay Card
Account Opening Fees
Debit Card Charges
Nil
Annual Maintenance Fees
NEFT Charges
Free through Net Banking
Minimum Account Balance
IMPS Charges
Not mentioned
Fees and Charges of
Pradhan Mantri Jan Dhan Yojana
Special Features
- No minimum balance is required.
- Free Rupay card.
- Accident insurance cover of Rs. 1 lakh.
- Life cover of Rs. 30,000/- payable after death.
Eligibility Criteria
Resident individual
Benefits
Features, Eligibility and Benefits of
Pradhan Mantri Jan Dhan Yojana
Pros & Cons of
Pros
- No minimum balance is required.
- Free Rupay card.
- Accident insurance cover of Rs. 1 lakh.
- Life cover of Rs. 30,000/- payable after death.
Cons
- Low interest rates.
- Very few features.
Pradhan Mantri Jan Dhan Yojana
The account comes with low interest rate and offers minimal value add features.
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Review of
Pradhan Mantri Jan Dhan Yojana
Account Opening and Procedure of
How to open an Account?
- Verify your identity using PAN and Aadhaar.
- Provide your information.
- Fulfill your KYC requirements.
Application Procedure
Pradhan Mantri Jan Dhan Yojana
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:51:54Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
