SBI Opened 2.10 Crore Savings Accounts In 2017-18: Five Things To Know
- Pradhan Mantri Jan-Dhan Yojana (PMJDY) 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, said SBI on its website sbi.co.in. (Also Read: National Pension System (NPS) - State Bank Of India Points Out Five Rules To Know)
- PMJDY focuses on coverage of households as against the earlier plan which focused on coverage of villages. It focuses on coverage of rural as well as urban areas, said SBI. (Also Read: SBI Zero Balance Account Rule, Penalty For Insufficient Balance, Interest Rates, Other Details)
#DidYouKnow During the current Financial Year, 2.10crore savings accounts have been opened with SBI, of which 1.10 are Pradhan Mantri Jan-DhanYojana (#PMJDY) accounts, which are exempt from maintaining any average monthly balance! Read about PMJDY accounts https://t.co/WiKEbuIxXS pic.twitter.com/11jkUHMGFD— State Bank of India (@TheOfficialSBI) March 27, 2018
- The earlier plan targeted only villages above a population of 2,000 people while under PMJDY, the whole country is to be covered by extending banking facilities in each sub-service area consisting of 1,000 - 1,500 households such that the facility is available to all within a reasonable distance, say about 5 km, said SBI. (Also Read: Why SBI Mattered In 2017-2018 - From Management Rejig To Minimum Balance Rules To Penalty For Insufficient Balance)
- Joint account can be opened under the PMJDY scheme, SBI said. (Also Read: Important Things To Do Before March 31 If You're An SBI Customer)
- The account can be opened in any bank branch or business correspondent (Bank Mitr) outlet, said SBI.
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