๐ก๏ธ PM Suraksha Bima
โน2 lakh accident insurance at only โน20/year โ through your bank.
Enroll Now๐ฆ PM Jan Dhan Yojana (PMJDY) โ The Foundation
Launched on August 28, 2014, PM Jan Dhan Yojana is the world's largest financial inclusion initiative. As of 2024, over 52 crore accounts have been opened with a total balance exceeding โน2.31 lakh crore. The scheme ensures every household has access to at least one bank account.
How to Open Jan Dhan Account
Visit Any Bank Branch or BC
Visit the nearest PSU bank branch or Banking Correspondent (BC) agent in your area.
Submit Required Documents
Aadhaar card (mandatory), address proof if Aadhaar address is different. No minimum balance required.
Get RuPay Debit Card
Receive a RuPay Debit Card with โน2 lakh accident insurance cover. Card works at all ATMs.
Link with Direct Benefit Transfer
Your account gets automatically linked for government scheme benefits (PM Kisan, LPG subsidy, etc.)
๐ผ PM MUDRA Yojana โ Business Loans
MUDRA (Micro Units Development & Refinance Agency) provides loans up to โน20 lakh for non-farm micro and small enterprises. No collateral required for Shishu and Kishore categories.
| Category | Loan Amount | Purpose | Processing Time |
|---|---|---|---|
| ๐ฃ Shishu | Up to โน50,000 | New or very small businesses | 7โ14 days |
| ๐ฑ Kishore | โน50,001 โ โน5 lakh | Existing businesses needing growth capital | 14โ21 days |
| ๐ณ Tarun | โน5 lakh โ โน20 lakh | Established businesses scaling up | 21โ30 days |
๐ก๏ธ Government Insurance Schemes via Banks
PM Suraksha Bima Yojana (PMSBY)
Accidental death/disability cover of โน2 lakh for just โน20/year. Auto-renewed from bank account.
PM Jeevan Jyoti Bima Yojana (PMJJBY)
Life insurance of โน2 lakh for death due to any cause at โน436/year. Bank account linked auto-debit.
๐ณ Government Savings Schemes
| Scheme | Interest Rate | Tenure | Tax Benefit | Min Deposit |
|---|---|---|---|---|
| Public Provident Fund (PPF) | 7.10% p.a. | 15 years | 80C (EEE) | โน500/year |
| Sukanya Samriddhi Yojana | 8.20% p.a. | 21 years | 80C (EEE) | โน250/year |
| National Savings Certificate | 7.70% p.a. | 5 years | 80C | โน1,000 |
| Senior Citizen Savings Scheme | 8.20% p.a. | 5 years | 80C (upto โน50K) | โน1,000 |
| Kisan Vikas Patra | 7.50% p.a. | ~9.5 years | No | โน1,000 |
| Post Office Monthly Income | 7.40% p.a. | 5 years | No | โน1,500 |
| Atal Pension Yojana | Guaranteed Pension | Until 60 | 80CCD | โน42โโน1,454/month |
*Rates as of Q1 2024-25. Subject to quarterly revision by Government of India.
๐พ Kisan Credit Card (KCC)
KCC provides farmers with affordable short-term credit for crop cultivation, allied activities, and maintenance. The government provides 2% interest subvention, making the effective rate just 7% for prompt repayment. Limit up to โน3 lakh without collateral.
๐ฆ Public Sector Banks (PSU Banks)
State Bank of India
PSU BankHome Loans, Education Loans, MUDRA, Jan Dhan, KCC, PM Awas, SBI Sahaj, SBI Kisan, PM Suraksha Bima and 40+ more schemes.
Punjab National Bank
PSU BankPNB Pride, Mudra, Home Loan, Personal Loan, Education Loan, Jan Dhan, KCC, Kisan Samriddhi, 35+ schemes.
Bank of Baroda
PSU BankBaroda Home Loan, Baroda Kisan, MUDRA, Jan Dhan, Education Loans, Senior Citizen FD, 33+ schemes.
Visit BOB โCanara Bank
PSU BankCanara Home, Canara Mortgage, KCC, MUDRA, Jan Dhan, PM Suraksha Bima, 30+ schemes.
Visit Canara โUnion Bank of India
PSU BankUnion Home, Union Kisan, MUDRA, Jan Dhan, Education, 28+ schemes.
Visit Union โBank of India
PSU BankStar Home Loan, Star Kisan, MUDRA, Jan Dhan, PM Insurance, 26+ schemes.
Visit BOI โIndian Bank
PSU BankIND Suraksha, IND Home, Crop Loans, MUDRA, KCC, 25+ schemes.
Visit Indian โCentral Bank of India
PSU BankCent Home, Kisan Samrudhi, MUDRA, Jan Dhan, 23+ schemes.
Visit Central โ๐๏ธ Private Sector Banks
HDFC Bank
Private BankHome Loans, Personal Loans, MUDRA, Jan Dhan, KCC, 2-wheeler loans, Education, Credit Cards, 40+ products.
Visit HDFC โICICI Bank
Private BankiMobile, Home Loan, MUDRA, Personal Loan, Kisan Loan, Jan Dhan, insurance, 38+ products.
Visit ICICI โAxis Bank
Private BankAsha Home Loan, MUDRA, Agriculture Loans, Jan Dhan, Salary Loans, 35+ products.
Visit Axis โKotak Mahindra Bank
Private BankKotak Home Loan, Agri Loans, MUDRA, Personal Loan, Business Loan, 32+ products.
Visit Kotak โ๐ฐ Home Loan & Education Loan Guide
Current Home Loan Interest Rates (2024-25)
| Bank | Min Rate | Max Loan | Tenure |
|---|---|---|---|
| SBI (PMAY subsidized) | 6.50% (with CLSS) | As per PMAY | 30 years |
| State Bank of India | 8.50% p.a. | No cap | 30 years |
| HDFC Bank | 8.70% p.a. | No cap | 30 years |
| ICICI Bank | 8.75% p.a. | No cap | 30 years |
| Bank of Baroda | 8.40% p.a. | No cap | 30 years |