Under Pradhan Mantri Jan Dhan Yojana, Women Account Holders to Receive Rs 500 Per Month from Today

The Indian Banks' Association (IBA) on Wednesday asked banks to start depositing Rs 500 directly into the accounts held by women under the Pradhan Mantri Jan Dhan Yojana (PMJDY). The remittance under the recently announced Pradhan Mantri Garib Kalyan Yojana.

Finance Minister Nirmala Sitharaman had assured the women Jan Dhan account holders that Rs 500 would be deposited in their accounts for the next three months starting April 3 while announcing relief package of Rs 1.7 lakh crore. Such steps have been taken to ease the stress of the sections worst hit by lockdown imposed due to coronavirus.

The remittance under the scheme will be provided between April 3 and April 9. The IBA has said that amount will be deposited as per a schedule to ensure an orderly withdrawal of money. The money will be put into bank accounts of women as per the last digit of their Jan Dhan account numbers.