Pradhan Mantri Suraksha Bandhan Yojana 2019

प्रधान मंत्री सुरक्षा बंधन योजना 2019 – PM Suraksha Bandhan Yojana Apply. Pradhan Mantri Suraksha Scheme Online Registration 2019-2020.

Pradhan Mantri Suraksha Bandhan Yojana 2019

India being a nation of festivals celebrates its rich traditional methods of bringing joy and peace to the lives of people. There have been a number of festivals in India which stand as a symbol of relationship between brothers and sisters. Raksha bandhan which is called as Rakhi Poornima in some parts of southern India is a festival where a brother is tied a raksha thread by his sisters as a vow of protection and gift something back to them.

The scheme has been launched on 1st August 2015, at the time of Raksha Bandhan festival which would be operated on Pan India basis. The primary entity of this whole thing is Jeevan Suraksha Gift cheque which will be available from the banks in the form of gift cheques. These cheques shall carry a certain value of Rs 201, 351 and Rs 5001 that will be purchased by the individuals who are willing to gift the social security schemes to their loved ones.

Features-

This scheme is mainly driven by Jeevan Suraksha Gift Cheques issued by various banks. One who wants to gift these to their beloved ones can buy these from the banks directly and gift them to their sisters or other loved ones. The person who receives this cheque can visit their banks and deposit them into their account. Currently, they are available with only those bankers who are offering PMSBY and PMJJBY.

Pradhan Mantri Suraksha Bandhan Scheme

Objectives-

Many schemes have been started by the government Of India led by Shri Narendra Modi. Among these The Suraksha Bandhan scheme was launched by the central government with keeping in mind the following objectives:

  • To help the government to reach for the huge number of account holders who are absolutely eligible but are unable to avail the social security schemes.
  •  The main purpose of introducing this scheme is to strengthen the social security of women by way of encouraging the brothers to gift this scheme to their sisters widening the financial inclusion.

Pradhan Mantri Suraksha Bandhan Yojana Features

Denominations-

These cheques are available in 3 denominations as Rs 201, 351 and 5001 at different banks.

Suraksha bandhan Rs.201 gift card:

In this kind of denomination, out of the total 201 Rs 12 per annum will be allocated to the insurance premium towards Pradhan Mantri Suraksha Bima Yojna for two years. And the balance amount will be set aside as fixed deposit earning an interest of 8% per annum. The interest earned as such will be used to pay the premium of Pradhan Mantri Suraksha Bima Yojna, which gives a coverage of 2,00,000 accidental insurance.


Pradhan Mantri Jeevan Suraksha Deposit Scheme Rs.201.
Total PMSBY Premium-Year 1 PMSBY Premium-Year 2 Balance (FD)
RS 201 RS 12 INR 12 RS 177

Suraksha bandhan Rs.351 gift card:

This gift cheque will provide two insurance benefits : accidental and life insurance. Out of Rs 351 gift cheque bank will deduct Rs 12 per annum towards insurance premium of  Pradhan Mantri Suraksha Bima Yojna which gives an accidental insurance cover for RS 2,00,000. And Rs.330 will deducted from Gift Card as a one-year premium of Pradhan Mantri Jeevan Jyoti Bima Yojana. This covers the Life Insurance for Sum Assured of Rs.2,00,000. Balance Rs.9 (Rs.351-Rs.12-Rs.330) will deposited into a savings account of the person who deposited the cheque. From second year onwards they have to pay the insurance premium on their own.

Pradhan Mantri Jeevan Suraksha Deposit Scheme Rs.351
Total PMSBY Premium PMJJY Premium Balance (FD)
RS 351 RS 12 INR 330 RS 9

Suraksha bandhan Rs.5001 gift card:

This gift will also provide two insurance benefits: accidental and life insurance. Out of Rs 5001 gift cheque, bank will deduct Rs 12 per annum towards insurance premium of  Pradhan Mantri Suraksha Bima Yojna which gives an accidental insurance cover for RS 2,00,000. Rs.330 will deducted from Gift Card as a one-year premium of Pradhan Mantri Jeevan Jyoti Bima Yojana. This covers the Life Insurance for Sum Assured of Rs.2,00,000. Balance Rs. 4317 (Rs.5001-Rs.12-Rs.330) will be deposited into a savings account of the person who deposited the cheque. The interest earned by this deposit 8% per annum will used for meeting the insurance premium of subsequent years.

Pradhan Mantri Jeevan Suraksha Deposit Scheme Rs.5001
Total PMSBY Premium PMJJY Premium Balance (FD)
RS 5001 INR 12 INR 330 RS 4317

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