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If your Jan Dhan account was opened between 2014 and 2015, this news is very important for you. In fact, all such accounts will now need to re-update their identity information (KYC). You must do this by September 30, 2025. If you fail to do so on time, the bank may close or freeze your account. This will mean you won't be able to withdraw money from your account, and you may also lose any government subsidies, pensions, or other benefits. Therefore, it's crucial to complete it as soon as possible.
What is Re-KYC?
Re-KYC is a simple process that requires you to re-verify your identity and address information with the bank. This means the bank verifies whether the account is still in your name. To do this, you need to show your Aadhaar card, voter ID, or other identification card, and a passport-size photo to the bank.
KYC updates are being conducted in every village.
The government has launched a major campaign across the country, called the Financial Inclusion Satisfaction Campaign, starting July 1, 2025. Under this campaign, camps are being set up in villages, especially in Gram Panchayats, where people can easily re-KYC their Jan Dhan accounts. So far, these camps have been set up in nearly 100,000 Panchayats, and millions of people have updated their account information. You can get this done by visiting your nearest bank branch, Bank Mitra, or directly at the Panchayat camp. There is no fee or time-consuming process; the entire process is very simple.
What is the Pradhan Mantri Jan Dhan Yojana?
The Pradhan Mantri Jan Dhan Yojana was launched by Prime Minister Narendra Modi in 2014. This scheme aimed to provide banking services to every poor and common person in the country, so that at least one member of every household can connect with the banking system. Under this scheme, anyone can open an account without depositing a single penny, i.e., with zero balance. To date, over 550 million accounts have been opened under this scheme, making it one of the largest banking initiatives in the world.
What are the benefits of this account?
If you have opened a Jan Dhan account, you receive several benefits. First, you earn interest on your savings, just like a regular savings account. Additionally, having an account provides accident insurance coverage of up to ₹1 lakh, and under certain conditions, you can also get life insurance of up to ₹30,000. Government subsidies, such as gas subsidies or Kisan Samman Nidhi schemes, are credited directly to this account, eliminating any delays or hassles in receiving your funds.
If you have operated your account properly for 6 consecutive months after opening it, you can also get an overdraft of up to ₹5,000 from the bank; that is, if needed, you can withdraw more money than the amount present in the account.
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