The State Bank of India (SBI) has recently introduced a range of services focused on social security schemes, simplifying the registration process for beneficiaries. Individuals can now enroll in various social security schemes using only their Aadhaar card, eliminating the need for a passbook. This move by SBI streamlines the registration process and enhances convenience for welfare scheme beneficiaries.
To register for these SBI special schemes, interested individuals can visit any SBI Customer Service Point (CSP) and complete the enrollment process using their Aadhaar card. SBI's advanced banking system expedites the procedure, providing seamless and efficient transaction facilities. By utilising their Aadhaar, customers gain access to these SBI special schemes through CSPs.
Among the schemes listed under SBI's offerings is the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which offers a risk coverage of Rs 2 lakh to individuals aged 18 to 50 in the event of their demise. The premium for this scheme is Rs 436 per annum, deducted automatically from the individual's bank account.
Additionally, the Atal Pension Yojana (APY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) are part of SBI's special schemes. APY is designed for individuals aged 18 to 40 in the unorganised sector, providing a monthly pension starting at the age of 60. The PMSBY targets individuals aged 18 to 70 and offers coverage of Rs 2 lakh for accidental death or complete disability, and Rs 1 lakh for partial disability. The premium of Rs 20 per annum is automatically deducted from the insured individual's account.
Aadhaar serves as the primary document for the registration process, and SBI's recent announcement makes the procedure even more accessible and user-friendly.