NE BUSINESS BUREAU
NEW DELHI, APRIL 2
Woman bank account holders under Pradhan Mantri Jan Dhan Yojana (PMJDY) will start getting a sum of Rs 500 per month from Friday in line with the announcement made by Finance Minister Nirmala Sitharaman last week, IBA said.
This is the first of the 3 monthly instalments under the Pradhan Mantri Garib Kalyan Yojana announced last week, the Indian Banks’ Association (IBA) said in a statement.
To maintain social distancing and to ensure an orderly withdrawal of money by the beneficiaries, IBA has designed a schedule to be followed by all banks for April. The transfer has been staggered over 5 days to avoid the rush at the bank branches.
As per the schedule, woman PMJDY account holders having account number with the last digit as 0 and 1 will get the money in their account on April 3, while account number ending with 2 or 3 can approach the bank on April 4.
On April 7, beneficiaries with an account number ending with 4 or 5 can collect their money and account number with the last digit of 6 or 7 may withdraw on the following day.
| Women PMJDY account holders having account number with the last digit as | The date on which amount could be withdrawn by the beneficiaries |
| 0 or 1 | 3.4.2020 |
| 2 or 3 | 4.4.2020 |
| 4 or 5 | 7.4.2020 |
| 6 or 7 | 8.4.2020 |
| 8 or 9 | 9.4.2020 |
The last tranche would be remitted on April 9 for account number ending with 8 or 9, it said.
It further said beneficiaries may withdraw any day at their convenience after April 9.
IBA requested all beneficiaries to kindly cooperate and ensure the safety and comfort of everyone.
“As this money is being deposited into the bank accounts, the beneficiaries need not rush for withdrawal, money can be drawn at your convenience at any later date,” it said.
Beneficiaries are encouraged to use the neighbourhood ATMs with RuPay cards, Bank Mitras, CSPs as much as possible to avoid crowding at the branches, it said.
“Please note that there will be no charges for withdrawing money from other bank ATMs, at present, as per the government directives,” it said.
Besides, banks will have to handle PM-Kisan. Under this, farmers who get Rs 6,000 annually under the scheme will get the first instalment of Rs 2,000.
Banks have been asked to remit an ex gratia amount of Rs 1,000 to 3 crore poor widows poor pensioners and poor disabled over the next three months.
