PMJDY & insurance

Q.  Which of the following statements is/are correct about Pradhan Mantri Jan Dhan Yojana?

1. After opening account under schme,beneficiary will get free accident insurance cover worth Rs.1 lakh.
2. But to get benefit benefeciiary must use RuPay debit card atleast once every 45 days.

- Published on 13 Jan 16

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
- RuPay debit card are provided under Pradhan Mantri Jan Dhan Yojana (PYMJDY).
- National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country, has relaxed the condition for RuPay
- Cardholder who has swiped the debit card even once in 90 days will be entitled to insurance cover.

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