Pradhan Mantri Jan-Dhan Yojana: No Burden on Banks Rather Makes A Reasonable Business Case for Them https://www.taxtmi.com/news?id=13347 PMJDY does not impose a net financial burden on banks; CASA deposits from new accounts strengthen deposit bases, and the programme creates Direct Benefit Transfer infrastructure with an approved commission structure. Accidental insurance for RuPay cards is funded by NPCI from card revenues, life insurance arrangements will not burden banks, overdrafts are permitted after six months' satisfactory operation, and a Credit Guarantee Fund is envisaged to cover defaults. en-us Mon, 01 Sep 2014 10:03:29 +0530 Mon, 01 Sep 2014 10:03:29 +0530 TaxTMI RSS Generator Pradhan Mantri Jan-Dhan Yojana: No Burden on Banks Rather Makes A Reasonable Business Case for Them https://www.taxtmi.com/news?id=13347 PMJDY does not impose a net financial burden on banks; CASA deposits from new accounts strengthen deposit bases, and the programme creates Direct Benefit Transfer infrastructure with an approved commission structure. Accidental insurance for RuPay cards is funded by NPCI from card revenues, life insurance arrangements will not burden banks, overdrafts are permitted after six months' satisfactory operation, and a Credit Guarantee Fund is envisaged to cover defaults. News - Mon, 01 Sep 2014 10:03:29 +0530 https://www.taxtmi.com/news?id=13347