IDBI Bank plans 2 lakh savings accounts under Pradhan Mantri Jan Dhan Yojana

Written by PTI | New Delhi | Updated: Aug 26 2014, 07:19am hrs
IDBI Bank plans to open more than 2 lakh basic savings accounts under the Pradhan Mantri Jan Dhan Yojana. IDBI Bank has decided to be an active participant of the scheme to support financial literacy and mobilise Basic Savings Bank Deposit Accounts (BSBDAs), the bank said. Under this plan, each account holder will be provided with passbook and RuPay debit card which carries free accidental insurance cover of R1 lakh. Further, overdraft of R2,000 will be provided to each account holder after satisfactory operation in the account for six months.