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Want to Get Rs. 500 PMJDY 2nd Installment of May, Check Now

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Want to Get Rs. 500 PMJDY 2nd Installment of May? Read the complete article to check all details regarding PMJDY 2nd Installment.

What is Pradhan Mantri Jan Dhan Yojana PMJDY?

PMJDY is a national mission on Financial Inclusion and provides banking services.
Rs. 500 per month to every woman Jan Dhan account holders for the next 3 months.
Provide service to unbanked persons easy access to banking services.
Receive a RuPay debit card, with accidental insurance cover of Rs. 2 lakh.
Government of India GOI lays special emphasis on financial inclusion as it is crucial to poverty reduction.
A PMJDY Scheme empowers citizens financially so that every citizen can reap the benefits of growth and development.
PMJDY is the biggest financial inclusion initiative in the world, announced by PM Shri Narendra Modi on 15/ August/2014.
PMJDY Scheme opened 11.5 accounts and made it Guinness World Records.
2nd installment of money transfer of Rs 500 to Jan Dhan account holders starting from Monday i.e. 04/May/2020.

Ancient Sanskrit Verse

Prime Minister Mr. Narendra Modi referred to the ancient Sanskrit verse, which puts the onus on the state to involve people in economic activity.

  • Sukhasya Moolam Dharma
  • Dharmasya Moolan Artha
  • Arthasya Moolam Rajyam

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What are the Key Features of PMJDY Account?

Instant account opening
Zero balance account
An interest rate of 4%
in case of death or permanent disability Rs.2 Lakh insurance cover. Terms and conditions apply.
5 free transactions per month
Instant fund transfer facility through IMPS
Access your account anytime and anywhere
Mobile banking application facility available
Free monthly e-mail statements
SMS alerts to track account activity

Important Guidelines to Withdraw PMJDY Money

The Government has prepared a schedule of withdrawal of payment from banks based on the last digit of the account number, to maintain the social distancing and orderly withdrawal of money.

Indian Finance Minister Nirmala Sitharaman had said payment of Rs. 500/- would be credited to the PMJDY women account holder for the next 3 months, and starting from April 2020 and now the second installment of Rs. 500 will be credited to the account.

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Indian Banks’ Association (IBA) Schedule to withdraw an amount

Indian Banks’ Association designed a schedule a plan to be followed by all Indian banks, to maintain social distancing in the COVID-19 outbreak situation.

IBA requested citizens to kindly cooperate and ensure safety rules. Citizens use ATMs, Bank Mitras, CSPs applications to avoid crowding situation.  

The first installment of PMJD Account

The dates and schedule of the money transfer of  April Month are as follows:

  1. The transfer of amount staggered over 5 days to avoid the rush at the bank branches.
  2. Account-holders with the last digit
    1. 0 and 1 will get money on 3rd April 2020.
    2. 2 and 3 will get money on 4th April 2020.
    3. 4 and 5 will get money on 7th April 2020.
    4. 6 and 7 will get money on 8th April 2020.
    5. 8 and 9 will get money on 9th April 2020.

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PMJDY Second  Installment of May month

 The dates and schedule of the money transfer of  May Month are as follows:

  1. The transfer of amount staggered over 5 days to avoid the rush at the bank branches.
  2. Account-holders with the last digit
    1. 0 and 1 will get money on 4th May 2020.
    2. 2 and 3 will get money on 5th May 2020.
    3. 4 and 5 will get money on 6th May 2020.
    4. 6 and 7 will get money on 8th May 2020.
    5. 8 and 9 will get money on 11th May 2020.
  3. Beneficiaries may withdraw any day after May 11 at their convenience.

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Last Updated: July 7,2020 12:00:28 AM

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