Which of the following Statements about PMJDY is/are True? I- The scheme covers both the urban as well as rural areas. II- It provides an indigenous Debit Card to each of its account holders. III- The account holders must maintain minimum balance as per the individual bank’s guidelines.

The scheme covers both the urban as well as rural areas and provides an indigenous Debit Card (RuPay card) to each of its account holders. No minimum balance is required for opening an account under this scheme. The beneficiary can open his/her account in any bank branch or Business Correspondent outlet at zero balance. It ensures to provide on Core Banking System (CBS) along with mobile banking using USSD facilities. A facility of call center and a toll-free number is available nationwide. Pradhan Mantri Jan Dhan Yojana provides each beneficiary with basic banking accounts with a debit card with inbuilt accident insurance.