Q.1 Jan Dhan Yojna is a recently launched Banking Scheme for financial inclusion under which each account holder will get, among others
1. An overdraft facility of Rs.5,000
2. An insurance cover of Rs. 1,00,000
3. A credit card
A) 1 only
B) 2 & 3 only
C) 1 & 2 only
D) 1,2 & 3
Pradhan Mantri Jan-Dhan Yojana is National Mission for Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit Accounts,Remittance, Credit, Insurance, Pension in an affordable manner. This financial inclusion campaign was launched by the Prime Minister Narendra Modi on 28 August 2014 .He had announced this scheme on his first Independence Day speech on 15 August 2014.
Under the scheme:
Account holders will be provided zero-balance bank account with RuPay debit card, in addition to accidental insurance cover of Rs 1 lakh(to be given by ‘HDFC Ergo’).
Those who open accounts by January 26, 2015 over and above the 1 lakh ₹ accident claim will also be given life insurance cover of ₹ 30,000(to be given by LIC).
After Six months of opening of the bank account, holders can avail 5,000 ₹overdraft from the bank.
With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer funds, check balance through a normal phone which was earlier limited only to smart phones so far.
Mobile banking for the poor would be available through National Unified USSD Platform (NUUP) for which all banks and mobile companies have come together