How to Open Jan Dhan Account in Bank of Baroda? Documents Required, Eligibility, etc.

Jan Dhan Yojana is a Government of India initiative to expand the Indian banking system further and reach the untouched section of the society.

Financial Inclusion is the most important part of economic growth and it helps in reaching Government subsidies to reach the end-user without middlemen.

There are many banks especially Government Banks in India where you can open Jan Dhan Account and the Bank of Baroda is one such bank.

In this article, we will discuss How to Open Jan Dhan Account in the Bank of Baroda? Documents Required, Eligibility, etc.

How to Open Jan Dhan Account in Bank of Baroda Documents Required, Eligibility, etc.

Features of Jan Dhan Account

The following are the features of the Jan Dhan Account-

  • This account holder having Jan Dhan Account do not need to maintain a minimum balance
  • The account holder will be entitled to get a Rupay Debit card which he/she can use to access the funds in the account
  • If you come under the Government Scheme of any kind then you’ll be receivable of all the Government Scheme launched by the Government
  • The account holder will get Rs.1 Lakhs accident insurance cover for free and Rs.30,000/- as life cover for the first time user

Eligibility Criteria for Opening Jan Dhan Yojana Account

The following are the eligibility criteria for opening Jan Dhan Yojana Account-

  • The age criteria to open this account in between 18 years of age to 69 years of age
  • This account is designed for the poorer section of the society therefore, people with a low economic background are eligible to apply for this account

How to Open Jan Dhan Account in Bank of Baroda?

The following are the step by step instructions on how to open a Jan Dhan Yojana Account in Bank of Baroda–

  • Visit the Bank of Baroda Premises and ask the bank representative for the application form for opening Jan Dhan Account
  • Now, fill out the application form with details like name, address, banking services required, and other details
  • Now, attach the documents mentioned below along with the application form and submit it to the bank representative
  • Along with the documents, you’ll have to also submit your initial deposit amount
  • Now, your application will be reviewed by the bank representative and you will be asked for any corrections or verifications, etc.
  • After the processing of your application is done, the bank representative will tell you about the time frame of account opening
  • After the account is opened, you’ll receive an SMS of successful account opening
  • Now, you’ll receive the Bank of Baroda Bank Starter’s kit using which you can access your bank account easily.

Documents Required for Opening Jan Dhan Account in Bank of Baroda

The following are the documents required of opening a Jan Dhan Account in Bank of Baroda-

  • Driving license
  • Passport
  • PAN(Permanent Account Number) Card
  • The Voter’s ID issued by the Election Commission of India
  • Aadhar Card
  • Any document which has been notified by the Central Government in consultation with the Regulator
  • NREGA issued job card which has been signed by a state government office

FAQ

How many Jan Dhan accounts can I open?

You can only open one account under this scheme and any other account opened under this scheme will be converted as a normal account or become null and void with your deposit amount to be refunded back to you.

Do I have to pay the premiums for the insurance offered under this scheme?

No, this scheme offers free life cover and accidental cover, you do have to pay the premiums, the Government will pay the premiums for you.

What if I do not have enough documents for opening the account?

This scheme is a specialized scheme that offers to open a bank account to the Indian Citizen. Also, there is some flexibility in providing the scheme however, you’ll have to provide some documents, and based on that your application will be accepted.

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