BANKING AFFAIRS

Detailed explanation-1: -The savings bank account holders of the participating banks aged between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the above modality, will be enrolled into the scheme.

Detailed explanation-2: -The Scheme is available to people in the age group 18 to 70 years with a bank account who give their consent to join / enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis. Aadhar would be the primary KYC for the bank account.

Detailed explanation-3: -All individual (single or joint) account holders of participating banks / Post office, in the age group of 18 to 70 years are entitled to join.

Detailed explanation-4: -Eligibility Criteria of Pradhan Mantri Suraksha Bima Yojana Those having a savings bank account and falling under the age group of 18-70 years are eligible to subscribe to the policy.

Detailed explanation-5: -PMSBY is an Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. It would be a one-year cover, renewable from year to year.