Bank Account Form Sample: Fill & Download for Free

Quite successful.Below is the snapshot of the current status of the scheme. The numbers speak for themselves:34 crore beneficiaries, of which 20 crore are in rural areas27 crore Rupay cards issuedand a cumulative 90,000 crore across the accountsThere have been multiple independent studies done to assess the same.Prior to JDY, we had news headlines like this: 50 Percent of Indians Don't Have a Simple Savings Bank Account.In less than 5 years, we have reached here: Number of adult Indians with bank accounts rises to 80%. More than 30% of the excluded population has now been brought into the formal banking system.An initial set of studies was done by Microsave Consulting in 2014 and 2015 (full findings here). The study found that the momentum of the scheme had been on an increasing trajectory during the period and there were significant improvements in all related systems and processes.Another study done in early 2018 put most of the concerns of naysayers to rest — especially regarding empty accounts and/or lack of usage.We report three main findings. First, we find that while about 30% of PMJDY accounts remain unused, 70% of the accounts migrate out of dormancy into active use. Second, activity levels in PMJDY accounts increase over time, a pattern not necessarily seen in non-PMJDY accounts. In many specifications, activity increases in PMJDY accounts relative to non-PMJDY accounts. These findings are especially stark given that non-PMJDY account holders in our sample appear to be much poorer and have transaction sizes that are one order of magnitude smaller. Finally, we find that the active accounts experience significant increases in cash balances. Government direct benefits transfer aids but does not fully explain usage. Overall, the data indicate that the unbanked learn by doing, and increase usage of accounts for transactions, liquidity management, and increasingly, balance accumulation.(Bank Accounts for the Unbanked: Evidence from a Big Bang Experiment)The CRISIL Inclusix Index also narrates a similar story. The 2018 report literally mentions the groundbreaking scheme as having driven the financial inclusion story for India.(BP, CP, DP, IP refer to Branch, Credit, Deposit, and Insurance Penetration respectively)The progress has also been “all inclusive” with all regions in India showing significant gains from the scheme.(2013)(2018)And then, it has also had had some unexpected positive “side-effects”, namely, reduction in tobacco and alcohol intake and downward pressure on inflation.A recent study by the State Bank of India’s economic research wing has stated that a number of people from rural areas, who opened their bank accounts under PMJDY scheme had reduced consumption of alcohol and tobacco in order to save money.There was a significant drop in inflation in the states where villages had over 50 per cent Jan Dhan accounts.There’s been increasing spend on medical services too.(Full Presentation)

It depends upon each bank, and their business rules; However, there are some basic documents that need to be submitted for opening a bank account;The 'Basic Savings Bank Deposit Account' would be subject to provisions of PML Act and Rules and RBI instructions on Know Your Customer (KYC) / Anti-Money Laundering (AML) for opening of bank accounts issued from time to time. BSBDA can also be opened with simplified KYC norms.pl refer to: RBI's new KYC norms ease rules for opening bank accountsSample list of documents — https://accountopening.yesbank.in/Images/Documents/SA%20-%20KYC%20Document%20List.pdf

1. Create a sample web application in any language you are comfortable - Savings Bank Account Form, Ticket Booking Application, etc.2. Watch: Selenium Automation Framework Tutorial3. Practice. Practice. Practice.