Jan Dhan Account KYC: The Pradhan Mantri Jan Dhan Yojana was launched in 2014. Its purpose was to open bank accounts for economically weaker sections and provide them with the benefits of government schemes.

Jan Dhan account KYC: The Pradhan Mantri Jan Dhan Yojana (PMJDY) has completed 10 years. According to Reserve Bank of India (RBI) regulations, KYC (Know Your Customer) is mandatory every year after opening a bank account. Therefore, if you have a Jan Dhan account with any bank, get your KYC done immediately. The deadline for this is September 30th. Failure to do so could result in the bank closing your account. This could lead to difficulties in receiving government subsidies.

It was started with the aim of 

The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in 2014. Its purpose was to open bank accounts for economically disadvantaged individuals and provide them with the benefits of government schemes. This included both urban and rural areas. Under the PMJDY, there is no minimum balance requirement. Account holders can also avail of overdrafts. This means that even if the account lacks funds, they can still withdraw funds. A limit is set, and the bank charges interest on funds withdrawn through overdrafts. 

What is ReKYC and why is it important? 

Accounts opened in 2014-2015 will need to be re-KYCed, as the KYC validity for these accounts is ten years. This process is necessary to keep the account active. Re-KYC is also very simple, providing the bank with updated information such as your current address, name, and updated photo. This helps prevent fraud and ensure smooth banking services. Government banks across the country are organizing camps in various Gram Panchayats from July 1 to September 30, 2025. Under this program, KYC is being conducted door-to-door. So far, camps have been organized in approximately 100,000 Gram Panchayats, and millions of people have completed their KYC.