Female Jan Dhan account holders will receive the 2nd installment from Monday: FinMin

Banks will start transferring the second installment of Rs 500 to female Jan Dhan bank account holders from Monday.

The government had said on March 26 that an ex gratia payment of Rs 500 would be credited to female Jan Dhan account holders for the next three months, starting in April, to help the bad tide of the Covid crisis. -19.

“A installment of Rs.500 for the month of May has been sent to the A/cs bank of the beneficiary PMJDY women under the Pradhan Mantri Garib Kalyan package.”

“Recipients are requested to follow the schedule shared below to visit banks and CSPs. Money can also be withdrawn through ATMs and CBs,” Financial Services Secretary Debasish Panda said on Saturday. , in a tweet.

The transfer was staggered over a period of five days to avoid haste in bank branches. This will help ensure social distancing and avoid overcrowding in banks, he said.

According to the schedule, female account holders under the Pradhan Mantri Jan Dhan Yojana (PMJDY) having an account number with the last digit like 0 and 1 will receive the money in their account on May 4, while accounts ending in 2 or 3 can approach the bank on May 5th.

On May 6, recipients with account numbers ending in 4 or 5 can withdraw their money, while accounts ending in 6 or 7 can withdraw on May 8.

ALSO READ: Female Jan Dhan account holders to receive cash benefits in installments

The last installment would be paid on May 11 for account numbers ending in 8 or 9, the tweet said.

In an emergency, the money can be withdrawn immediately. However, for an orderly disbursement, one must follow the payment plan of the banks, he said. Beneficiaries can withdraw any day at their convenience after May 11. “This will help ensure social distancing and overcrowding in banks,” he added.

Beneficiaries are encouraged to use neighborhood ATMs with RuPay, Bank Mitras cards and Customer Service Points (CSPs) as much as possible to avoid crowding at branches, he said.

“Please note that there will be no fees for withdrawing money from other ATMs, at this time, in line with government guidelines,” he said.

During the month of April, up to 20.05 crore female Jan Dhan account holders each received Rs 500 into their accounts as the first installment. The total disbursement under the head was Rs 10,025 crore as of April 22.

In a bid to ease hardship caused by the coronavirus crisis, the government announced a Rs 1.7 lakh crore stimulus package at the end of March that includes free food grains and cooking gas for the poor and cash allowances. for poor women and the elderly.

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