Indian Overseas Bank covers six villages under Jan Dhan Yojana

Chennai: State-run Indian Overseas Bank on Saturday said it has covered six villages near Vellore under the Pradhan Mantri Jan Dhan Yojana.

The bank has covered the villages of Kuppam, Murukeri, Pazhaveri, Sindhunagar, Kollaimedu and Sirukanchi under the Pradhan Mantri Jan Dhan Yojana, the Chennai-based bank said ina statement.

The staff of the bank undertook a survey in the villages and 800 accounts were opened during a mega camp recently, it said.

Account holders were provided with passbooks and personalised RuPay cards. They are also eligible for special benefits like direct benefit and fund transfer facilities, it added.

The main features of the scheme include a Rs 5,000 overdraft facility for Aadhar-linked accounts and a RuPay Debit Card with an in-built Rs 1 lakh accident insurance cover.

PTI