Cash transfer to women PMJD a/c holders from today

Banks to follow a staggered approach; people to be called based on their account number

Around 200 million women will start receiving ~500 in their bank accounts from Friday under the Pradhan Mantri Garib Kalyan Yojana, the government’s relief package for the poor in light of the coronavirus disease (Covid-19).

However, the central government has told banks to ensure that social distancing is maintained at the branches, amid concerns that the beneficiaries might line up at banks to withdraw the money that is to be transferred by the government in their accounts opened under the Pradhan Mantri JanDhan Yojana. The Department of Financial Services, under the finance ministry, has issued guidelines to all banks to ensure that customers are asked to come on different days, depending on their account numbers.

For instance, account numbers ending with 0 or 1 will be asked to report to their banks on Friday, those with 1 or 2 on Saturday, 3 or 4 on Monday and so on. A text message will be sent to customers to inform them about the arrangement.

Prime Minister Narendra Modi also told the chief ministers in a video conference on Thursday to “ensure staggered release of funds to the beneficiaries under PM Garib Kalyan Yojana to avoid crowding at banks”.

The women beneficiaries will receive ~500 per month for the next three months, in order to deal with the impact of the Covid--19 pandemic. The move was announced by Finance Minister Nirmala Sitharaman on March 26 who said that this will help women “run their household during this difficult period”. about cash transfer. ~31,000 The Centre crore towards will spend the

However, soon after the announcement, many beneficiaries had rushed to the bank branches in the hope that the cash transfer has already taken place, resulting in a crowd at the banks. On March 30, the finance ministry had to issue a statement requesting bank customers to not line up at the branches as the date and time of the transfer will be notified to them.

“In order to maintain social distancing and orderly withdrawal of money for beneficiaries, stagger it would the arrival be appropriate of account to holders at branches, banking correspondents and ATMS for withdrawal of the money,” the communiqué said. The banks have been told to publicise the fact that the beneficiaries the required when money it’s and credited. any not can time necessarily withdraw when “If the beneficiary needs to draw the money immediately, she may approach the bank branch or banking correspondent as per the schedule,” the ministry said.