Page 25 - NIS English 16-31 August 2024.pdf
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Frequently Asked Questions Question: Can RuPay cards be issued to
illiterate customers?
Answer: Yes, however, the branch manager
Question: How is Pradhan Mantri Jan Dhan has to inform the illiterate account holder
Yojana different from the previous financial about all the risks involved while issuing the
inclusion scheme (Swabhiman)? RuPay card.
Answer: PMJDY focuses on coverage of
Question: What are the eligibility criteria for
households while the previous scheme
availing of personal accident insurance cover
focused on village coverage. It focuses
on a RuPay card?
on coverage of rural and urban areas.
Answer: The claim will be payable under
Swabhiman scheme targeted villages with
Personal Accident Insurance under the
a population of more than 2000 while PMJDY
Pradhan Mantri Jan Dhan Account Yojana.
provides banking facilities within a maximum
The condition for this is that the RuPay
radius of 5 km in each service area with a
card holder should have done at least one
population of up to 1000.
successful transaction with any bank branch,
Bank Mitra, ATM, or PSO either by himself
Question: Can a joint account be opened in
or through another bank within the last 90
Jan Dhan Yojana?
days from the day of the accident. Accident
Answer: Yes, a joint account can be opened.
insurance coverage is only in one account
even if there is more than one RuPay card.
Question: Where can I open an account
under this scheme?
Question: What is the overdraft facility? For
Answer: The account can be opened at any whom is this facility available?
bank branch or business correspondent i.e.
Answer: The Jan Dhan Yojana account holder
Bank Mitra outlet.
will be able to avail overdraft facility of up to Rs
10,000 after 6 months of satisfactory operation
Question: What is RuPay Debit Card?
of the account. Aadhaar number is necessary
Answer: RuPay Debit Card is a local domestic
for this. The overdraft facility is available in
debit card launched by the National Payment
one account per family, mainly for the female
Corporation of India. This card is accepted
member of the family. The interest rate
at all ATMs and most PSO machines in the
charged on overdraft will be the base interest
country.
rate +2% or 12%, whichever is lower.
Question: What is a PIN? Question: Will cheque books be issued in the
Answer: Personal Identification Number (PIN) accounts opened under the Pradhan Mantri
is a voluntarily generated code for use while Jan Dhan Account Scheme?
withdrawing money from an ATM or making Answer: There is no cheque book facility in
payment at a POS. the Jan Dhan account being opened with
zero deposit amount. If the account holder
Question: How can one keep one's RuPay
wants to get a cheque book, he has to fulfill
card safe?
the minimum balance criteria of the bank.
Answer: To keep the RuPay card safe, it
Question: What is the interest rate on the
should be changed at frequent intervals and
savings amount in the PMJDY account?
should not be disclosed to anyone. While
using the card at ATMs or PSOs, one should Answer: The interest rate applicable for
use secret methods so that no one can guess savings bank accounts will also be applicable
the PIN. to accounts opened under PMJDY.
New India Samachar August 1-15, 2024 23
