PUDUCHERRY: As part of an initiative to provide banking services to all villages and wards in the Union Territory, the Pradhan Mantri Jan Dhan Yojana is set to be formally launched on Thursday.
A mega camp with the participation of all banks, insurance companies, Unique Identification Authority of India (UIDAI) and National Bank for Agriculture and Rural Development (NABARD) is being organised at JIPMER auditorium complex.
The programme includes opening of savings bank accounts called ‘no frills/small/ Basic Savings Bank Deposit Account (BSBD)’ for individuals, with simplified Know Your Client (KYC) norms and without insisting on minimum balance.
An Aadhar card would suffice as proof of identity and address for opening an account. If there is any change in the address, any other suitable document may be provided. Those intending to open an account should bring two recent passport size photographs.
Holders of accounts are eligible for an RuPay Debit card with an inbuilt accidental insurance up to Rs 1 lakh and remittance facility at any branch in India.
The Provisions of overdraft facility based on the satisfactory operation of the accounts for a period of six months as per guidelines are also available.
Those wanting to open a bank account in their name or in the name of their family members can utilise the opportunity by visiting the camp at JIPMER Auditorium Complex.