JanDhan Account: Basic Savings Bank Deposit Account Holders can impose a penalty if you transact more money than free limited transactions.
Jan Dhan account is provided by the Central Government to the people of the country. If you have also opened a Basic Savings Bank Deposit Account under JanDhan Account then this is important news for you. Although it is a zero balance account, but yes if one thing is not taken care of then the account holders can be fined. Let us tell you which account holders can be fined and when.
Let us tell you that the bank does not recover the charge for zero balance, but if you transact more money than free limited transaction, then you can be fined. Banks are doing this with Basic Savings Bank Deposit Accounts (BSBDA) account holders.
how much will be the penalty. If you have opened the Basic Savings Bank Deposit Account (BSBDA) under the Jan Dhan Yojana, then you only have 4 monthly Can do bar transactions. For doing more transactions than this, you are fined by the bank. Let us know that a fine of Rs 20 per transaction is levied on customers and the special thing is that banks are also including UPI and digital transactions done in any way. SBI and PNB made so much recovery
The country’s largest government bank charges Rs 17.70 as a charge on such accounts. SBI has recovered about Rs 300 crore from about 12 crore BSBDA account holders during 5 years from FY 2014-15 to 2019-20. At the same time, Punjab National Bank has recovered Rs 9.9 crore from 3.9 crore BSBD account holders during the same period.
A study by IIT Bombay has revealed that most banks, including State Bank of India, are making huge money from these accounts through penalty, service charge etc.
Benefits of Jan Dhan Account:
>> Overdraft facility after 6 months
>> Accidental insurance cover up to Rs. 2 lakhs
>> Life cover up to Rs. 30,000, which is available on completion of eligibility conditions on death of beneficiary.
>> Interest is available on deposits.
>> Free mobile banking facility is also provided with the account.
>> Rupees debit card is given to the person opening the Jan Dhan account, from which he can withdraw money from the account or make a purchase.
>> It is easy to buy insurance, pension products through Jan Dhan account.
>> If there is a Jan Dhan account, then accounts will be opened for pension in schemes like PM Kisan and Shramayogi Maandhan.
>> Money transfer facility across the country
>> Money comes directly into the account of the benefits of government schemes.
According to the latest data, the number of Jan Dhan accounts has exceeded 42 crores. Of these, 33.23 crore in public sector banks, 7.52 crore in regional rural banks and 1.25 crore in private banks have been opened. The number of women in total Jan Dhan account holders is 23.27 crores.
