---
title: "PMJDY Accounts: Jan Dhan Yojana Explained | Model Diplomat"
description: "PMJDY accounts are India's zero-balance bank accounts under the 2014 Jan Dhan Yojana, anchoring the JAM trinity. Covers RuPay cards, overdraft and DBT links."
url: "https://modeldiplomat.com/learn/glossary/pmjdy-bank-accounts"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- Pradhan Mantri Jan Dhan Yojana is India's national financial inclusion mission launched in 2014 to provide zero-balance bank accounts to unbanked households.
- How does PMJDY differ from the earlier no-frills account?
- What is the role of PMJDY within the JAM trinity?
- What overdraft and insurance benefits attach to a PMJDY account?
- Why are dormant and zero-balance accounts a recurring criticism?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

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## Timeline

1. 15 August 2014

   The Pradhan Mantri Jan Dhan Yojana (PMJDY) is the Government of India's flagship financial inclusion mission, announced by Prime Minister Narendra Modi in hi…

2. 28 August 2014

   The Pradhan Mantri Jan Dhan Yojana (PMJDY) is the Government of India's flagship financial inclusion mission, announced by Prime Minister Narendra Modi in hi…

3. 28 August 2018

   The accident insurance cover under the RuPay card was enhanced from ₹1 lakh to ₹2 lakh for accounts opened after .

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Example

On 24 March 2020, the Government of India announced under the Pradhan Mantri Garib Kalyan package that ₹500 per month would be transferred for three months to roughly 20 crore women PMJDY account-holders during the COVID-19 lockdown.

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