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Jan Dhan camps by banks on all Saturdays

Under the scheme, a person from an unbanked household, opening an account will get a RuPay debit card with a Rs 1 lakh accident insurance cover. An additional Rs 30,000 life insurance cover will also be given if the accounts are opened till January 26, 2015.

August 30, 2014 / 17:29 IST
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Over 1.84 crore bank accounts have been opened under the Jan Dhan scheme and banks will organise camps from 8 am to 8 pm on all Saturdays to reach out to unbanked households, the government said on Friday.

"It has been decided that henceforth, the banks will be holding such camps on weekly basis, from 8 am to 8 pm on all Saturdays so that the target of covering unbanked households is achieved well in time," a finance ministry statement said.

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It further said that beneficiaries, who already have a bank account, are also eligible to take benefits of accident insurance of Rs 1 lakh and life insurance of Rs 30,000 under this scheme by getting a RuPay card issued from their bank branch before January 26, 2015.

Prime Minister Narendra Modi on Thursday launched the Pradhan Mantri Jan Dhan Yojna, a mega financial inclusion scheme, to cover about 7.5 crore unbanked households. The statement said said more than 70,000 camps were held all over the country and 1,84,68,000 accounts were opened.