People already holding bank accounts, need not open another bank account to avail of benefits under Pradhan Mantri Jan Dhan Yojana (PMJDY), said Department of Financial Services, Ministry of Finance, Government of India. In fact insurance benefits are available through the RuPay Card. In fact insurance benefits are available through the RuPay Card.
The existing account holders can submit an application to the concerned branch to enable them to get a RuPay Debit Card in order to avail of the benefits of insurance under PMJDY, the Ministry said. Micro credit limit of Rs 5000 can also be extended in existing bank accounts on application depending on the satisfactory conduct of the account, it said.
However RBI has issued guidelines on Aug. 26, 2014, where people who do not have officially valid documents or Aadhaar Numbers can still get bank accounts opened by submitting two copies of signed photographs at the bank branch. However, these accounts will be called small accounts and shall normally be valid for 12 months and shall be continued subject to showing of proof that he/she has applied for any of the officially valid document within 12 months of opening of such small account. These accounts have certain limitations such as balance at any point of time should not exceed Rs 50,000, total credit in one year should not exceed Rs one lac, and total withdrawal should not exceed Rs 10,000 in a month.