Women with Jan Dhan Account Start Receiving Second Payout of Rs 500 From Today | Latest India News

Women with Jan Dhan bank accounts started receiving the second payment of Rs 500 from Monday as part of the Rs 1.7 crore package from Prime Minister Jan Kalyan Yojana announced by the Minister of Finance of the Union Nirmala Sitharaman on March 26.

The transfer was phased over five days to avoid a rush to bank branches to help ensure social distancing and avoid overcrowding at banks.

“The second tranche of ex-gratia announced for women holding a Jan Dhan Yojana account as part of the PMGKY package will be paid according to the following schedule. Recipients can withdraw the amount from branches, ATMs or CSPs, ”the State Bank of India (SBI) tweeted earlier.

Women with an account under the Pradhan Mantri Jan Dhan Yojana (PMJDY) whose account numbers end with 0 and 1 will receive the money in their account on May 4, and those whose accounts end with 2 or 3 will be able to visit the bank on May 5.

Payees with account numbers ending in 4 or 5 can withdraw their money on May 6 and those with accounts ending in 6 or 7 can withdraw on May 8. The final installment would be released on May 11 for account numbers ending in 8 or 9, the tweet said.

An account holder can withdraw the money immediately in an emergency, and beneficiaries can withdraw any day they see fit after May 11, SBI said.

Recipients were asked to use neighborhood ATMs with RuPay, Bank Mitras and Customer Service Points (CSPs) as much as possible to avoid congestion at branches, he said.

“Please note that there will be no charge for withdrawing money from other ATMs, at present, as per government guidelines,” he said.

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

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