The RuPay PMJDY Debit Card is a type of debit card that is issued under the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme. The scheme was launched by the Government of India in 2014 to promote financial inclusion in the country.
The RuPay PMJDY Debit Card is issued by various banks across India. It is a basic savings bank account cum debit card that is linked to the PMJDY account. The cardholder can use the card to withdraw cash from ATMs, make payments at POS terminals, and do online transactions.
RuPay PMJDY Debit Card
The RuPay PMJDY Debit Card comes with a number of benefits, including:
- Zero balance requirement: There is no minimum balance requirement for the PMJDY account. This means that you can open a PMJDY account even if you do not have any money in your savings account.
- Free accident insurance: The RuPay PMJDY Debit Card comes with a free accident insurance cover of up to Rs. 2 lakhs. This insurance cover is valid for the lifetime of the cardholder.
- Free SMS alerts: You will receive free SMS alerts whenever you make a transaction using your RuPay PMJDY Debit Card. This will help you to track your spending and keep your account safe.
- Low transaction charges: The transaction charges for using the RuPay PMJDY Debit Card are very low. This makes it a convenient and affordable way to make payments.
To apply for a RuPay PMJDY Debit Card, you can visit any bank branch that offers the scheme. You will need to provide your PAN card, Aadhaar card, and other identity documents. The application process is usually very simple and quick.
The RuPay PMJDY Debit Card is a great way to access financial services if you are from a low-income household. It is a convenient and affordable way to make payments and it comes with a number of benefits.
Here are some key details about RuPay PMJDY debit card limits:
- PMJDY stands for Pradhan Mantri Jan Dhan Yojana, which is a financial inclusion program by the Government of India. It offers basic savings bank accounts with a RuPay debit card.
- The maximum withdrawal limit per day on a RuPay PMJDY debit card is Rs 10,000.
- The maximum purchase limit per day on a RuPay PMJDY debit card is Rs 20,000 for regular cards and Rs 50,000 for premium cards.
- There is no limit on the number of transactions per day. However, some banks may restrict the transaction limit if there are concerns regarding suspicious/fraudulent transactions.
- The monthly withdrawal limit is Rs 1 lakh and monthly purchase limit is Rs 2 lakhs. This is applicable across ATMs, POS/merchant establishments and e-commerce.
- RuPay PMJDY debit cards can be used on ATMs, POS machines and online for payments. It allows access to account balance as well as withdrawal and purchase transactions.
- The card has an accidental insurance cover of Rs 1 lakh in case of death or permanent disability. It also has a Rs 30,000 overdraft facility after satisfactory operation of the account for 6 months.
So in summary, RuPay PMJDY debit cards have pre-defined daily and monthly transaction limits to prevent misuse while providing basic banking access to underserved segments. Banks may also impose additional limits if deemed necessary.
