Does a person already having a Bank account in any bank needs to open another account under Pradhan Mantri Jan Dhan Yojana (PMJDY) to get the Accidental Benefit/Life Insurance Benefit under the Scheme ?

For getting the life insurance cover as per Pradhan Mantri Jan Dhan Yojana scheme, accounts opened between 15.08.2014 to 26.01.2015 (now extended to 31.01.2015) for the first time will get the benefit. Existing account holders can get issued a RuPay Card in his existing account to get benefit of accident insurance. Credit facility can be extended in the existing account if it is being operated satisfactorily. Therefore, existing account holders need not open new accounts under Pradhan Mantri Jan Dhan Yojana scheme.