Jan Dhan Yojana: Bank account was launched by the Pradhan Mantri on the 15th of august, 2014 with the motive that each family should have one bank account. Since these days it is important for a minor to also have savings account, under this scheme one can open an account for a child above 10 years. Though the child needs to have a guardian who will take care of the account till the child turns 18 years of age.
This Jan Dhan Yojana account will be a joint account. The joint account holder will be the minor and the guardian. No transactions will be done without the consent from both the account holders. The guardian on his/her behalf needs to submit his/her documents. Once the minor attains an age of 18years the bank will ask for the child’s identity proof after which the account will be automatically transferred to the child after submitting the documents.
The guardian will need to submit the following documents:-
- Any valid residential proof i.e. Adhar card, ration card, passport etc.
- If the person is not holding any of the above then he will need to submit an identity proof issued by the central government of india.
- He can also submit an authority letter issued by the gazette officer.
- If he does not have any of these, he can yet open a small bank account where if the bank declares the account holder who belongs to the “low risk” category. In this scenario, the individual needs to sign the application for opening the account in front of the bank authorities. This account will be valid only for a period of 12 months. If he/she wants to keep the account operative, he/she will need to submit any of the above documents before 12 months.
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- Jeevan Jyoti Bima Yojana
- Mudra Loan Yojana
- Jan Aushadhi Yojana
- PM Awas Yojana
- Atal pension Yojana
- Sukanya Samriddhi Yojana