SBI Customers Getting Rs 2 Lakh Benefit If They Do This One Thing! (Full Details)

There is some good news awaiting the Pradhan Mantri Jan Dhan account holders of the State bank of India.

In a tweet posted by SBI on Feb 6, 2021, the central bank informed that on applying for the ‘SBI RuPay Jan Dhan Card’, account holders can get an insurance (accident) cover upto Rs 2 lakh.

In order to learn more about the Pradhan Mantri jan Dhan Yojana, you can refer to our article linked here.

SBI’s Rupay Jan Dhan Card

As per the tweet from SBI on Feb 6, the bank would provide accidental insurance cover upto Rs 2 lakhs, on application of the SBI Jan Dhan card.

It's time to put yourself on the road to success. Apply for SBI RuPay Jandhan card today.#Jandhan #RuPayCard #SBICard #Success pic.twitter.com/frV4AgHgk2

— State Bank of India (@TheOfficialSBI) February 6, 2021

Benefits of Having a Jan Dhan Account

Anyone (Indian citizen) over the age of 10 years can apply for a Jan Dhan account. Before going into the details of the ‘How’, we would like to throw some light on the ‘Why’ part of the context.

The benefits of having a Jan Dhan account include:

• Receiving all government applied schemes directly into the account.
• Mobile banking facility at no additional cost.
• The account holder will enjoy overseas facility for a period of 6 months post activation of the Jan Dhan account.
• Accidental cover insurance of upto Rs 2 lakh provided.
• Life cover of upto Rs 30,000 provided.
• A RuPay Debit Card provided to the account holder, for making purchases or debiting money.
• Interest provided on deposit.
• Transfer money anywhere across the country.
• Easy to buy insurance, pension products through accounts.
• If there is a Jhan Dhan account, then accounts will be opened for pension in schemes like PM Kisan and Shramayogi Maandhan.

Who Can Apply for Jan Dhan Account and Docs Required

Anyone over the age of 10 can apply for this account, in extension to those with an existing basic savings account, as they can transfer it to a Jan Dhan Yojana account. 

This can be done by submitting an application to the respective bank manager, stating the same.

For documents, officially valid ones for KYC purpose will be required, which include driving license, voters’ ID card, PAN card, Aadhaar letter issued by UIDAI and Job Card issued by NREGA signed by a State Government official.

However, in absence of such officially valid Identity documents, a ‘Small Account’ can be opened by submitting a self-attested photograph and either a signature or thumb print in the presence of an official of the bank.