Benefits for Customers
Customers can get zero balance account with:
Minimum Balance -No minimum balance is required to be maintained in the account.
Maximum balance can be Rs NO Limit. (Only if customer will provide the KYC within 12 or 24 months maximum, remaining terms and conditions are same).
Customer can also open account with zero balance under PMJDY with KYC Limit up to Nill.
Maximum limit of transactions is Rs 30,000/- per day.
No Cheque book is issued Only the concerned account holders can do the cash transactions.
No charges levied to operate account.
Other Benefits include:
Long banking hours: As long as the retail outlet is open (usually 8:00 am to 8:00 PM)Additionally, access to withdrawal of money through ATM card is provided to every customer above 18 years of age.
To promote business opportunity through SHG (Self help group)
Customer can also make small saving separately through RD remittance facility.
