Pradhan Mantri Sneha Bandhan Yojana

Pradhan Mantri Sneha Bandhan Yojana



प्रधानमंत्री स्नेह बंधन योजना भारत सरकार द्वारा लायी गई एक और नयी योजना हैं |

मोदी सरकार ने फिर से एक नयी योजना का तौहफा देशवासियों को दिया इस योजना का नाम प्रधानमंत्री स्नेह बंधन योजना (हैं | यह योजना अगस्त में लॉन्च की गई हैं यह रक्षाबंधन के इस बड़े त्यौहार पर देश को सरकार की तरफ से स्नेह भरा उपहार हैं इस प्रधानमंत्री स्नेह बंधन योजना के भीतर तीन बड़े गिफ्ट रखे गये हैं |

लॉन्च डेट प्रधानमंत्री स्नेह बंधन योजना:

प्रधानमंत्री स्नेह बंधन योजना रक्षाबंधन को ध्यान में रखते हुए 1 अगस्त 2015 से बैंकों में शामिल हो रही हैं | अगस्त के माह में आप योजना का लाभ उठा सकते हैं | और अपनों को इस योजना के तहत अनमोल गिफ्ट दे सकते हैं |

क्या हैं प्रधानमंत्री स्नेह बंधन योजना?

प्रधानमंत्री स्नेह बंधन योजना को तीन केटेगरी में बाँटा गया हैं जिसमे 201 रूपये, 351 रूपये, 5,001रूपये के तीन अलग- अलग गिफ्ट आते हैं | जिसे इतनी राशि देकर बैंक से प्राप्त किया जा सकता हैं | इसके बाद प्राप्त कर्ता से अपने खाते में डाल सकता हैं |

प्रधानमंत्री स्नेह बंधन योजना के तहत 201 रूपये का गिफ्ट कार्ड :

प्रधानमंत्री स्नेह बंधन योजना के तहत अगर आप 201 रूपये का गिफ्ट कार्ड लेते हैं तो प्राप्त कर्ता को इस गिफ्ट कार्ड के भीतर प्रधानमंत्री सुरक्षा बीमा योजना का लाभ मिलेगा | योजना के तहत लिए जाने वाले 201 रूपये में प्रधानमंत्री सुरक्षा बीमा योजना जिसका प्रीमियम 12 रूपये हैं का दो साल का प्रीमियम काटा जायेगा और बचे हुए रूपये का फिक्स डिपॉजिट कर दिया जायेगा जिन पर 8 % की वार्षिक दर से ब्याज मिलेगा यह ब्याज आजीवन बीमा योजना के प्रीमियम के रूप में काम करेगा | इस प्रकार प्राप्त कर्ता के लिए यह प्रधानमंत्री सुरक्षा बीमा योजना स्नेह बंधन योजना के रूप में लंबे समय तक कार्य करेगी |

Pradhan Mantri Sneha Bandhan Yojana is a new Government scheme which is going to be launched on 1st August, 2015. Through Pradhan Mantri Sneha Bandhan Yojana  you can gift insurance linked fixed deposit to your loved ones under this scheme.  Under this scheme, you can buy either Gift Card or Banker’s cheque and gift it to your loved one. The receiver of this gift card must visit the Bank (if already have Bank Account) or open a zero balance account and deposit this gift card. This article explains what is Pradhan Mantri Sneha Bandhan Yojana, denominations or amounts of gift card available, what this gift cards cover, what are Pradhan Mantri Suraksha Bima Yojana (for Accidental Death and Disability), Pradhan Mantri Jeevan Jyoti Bima Yojana, Important information about the card.

What is Pradhan Mantri Sneha Bandhan Yojana?

You can buy either Gift Card or Banker’s cheque and gift it to your loved one. These gift cards available in three denominations of Rs 201, Rs 351 and Rs 5,001.  Through this gift card one pays for the premium of  Pradhan Mantri Suraksha Bima Yojana (PMSBY) & Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for atleast an year and rest of amount is put in Fixed Deposit. Interest earned on FD is used to pay premium for rest of the term.

  • Gift for Rs. 201, which pay full term premium for the recipient in Pradhan Mantri Suraksha Bima Yojana (PMSBY)
  • Gift for Rs. 351, which can pay one year premium for Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeewan Jyoti Bima Yojana (PMJJBY). Rest of the premia of Rs.12 and Rs. 330 per year for PMSBY and PMJJBY respectively will have to be paid recipient of the gift.
  • Gift of Rs. 5001 will be sufficient to pay the entire premium amount for full term for both Insurance Schemes – PMSBY and PMJJBY for recipient.

Official information of  Prandhan Mantri Sneha Bandhan Yojna

Till when one can buy the gift card

On the occasion of Raksha Bandhan in 2015,  three specially designed gift products, underPradhan Mantri Sneha Bandhan Yojana, are being announced by Prime Minister However, the scheme will be available at all the times.

Overview of PMSBY and PMJJBY

Overview of the Pradhan Mantri Suraksha Bima Yojana (for Accidental Death and Disability), Pradhan Mantri Jeevan Jyoti Bima Yojana (for life insurance) is given below. Our articles Pradhan Mantri Suraksha Bima Yojana,Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojna  and FAQ & List of Banks for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) & Pradhan Mantri Suraksha Bima Yojana (PMSBY) explain the Pradhan Mantri Suraksha Bima Yojana (for Accidental Death and Disability), Pradhan Mantri Jeevan Jyoti Bima Yojana (for life insurance) which have been in effect from 1 June 2015.

FeaturesPradhan Mantri Suraksha Bima Yojana (PMSBY)Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Eligibility18-70 years18-50 years
Number of PolicyOne Policy Per PersonOne Policy Per Person
When to Join the Scheme?Any timeAny time
Sum Assured (Fixed)Rs 2 lakhsRs 2 lakhs
PremiumRs 12 per annumRs. 330 per annum
Cover stops at ageAt the age of 70 yearsAt the age of 55 years
Maturity BenefitNilNil
Death Benefit (Natural Death)NilRs 2 lakhs
Death Benefit (Accidental Death)Rs 2 lakhsRs 2 lakhs
Disability of both eyes, both hands, both legs or one eye and one limbRs 2 lakhsNil
Disability of one eye or one limbRs 1 lakhNil
Maximum Insurance coverRs 2 lakhsRs.2 lakhs
Risk Period1st June to 31st May every year.1st June to 31st May every year.
Mode of PaymentPremium will be auto debited from account in the month of May every year.Premium will be auto debited from account in the month of May every year.

Pradhan Mantri Sneha Bandhan Yojana Gift Card Rs 201

Under this Gift card, you are gifting your loved one accidental insurance for Rs 2,00,000 under the scheme of Pradhan Mantri Suraksha Bima Yojana (PMSBY). The rest of the amount will be converted to 10 years Bank FD at a rate of 8% per annum. Rs.201 will be used as follows

  • Rs.12 will be deducted from that Gift card towards one year premium of Pradhan Mantri Suraksha Bima Yojna. This covers the Accidental Insurance for Sum Insured of Rs.2,00,000.
  • The next year’s Rs.12 premium towards Pradhan Mantri Suraksha Bima Yojana will be parked separately in a savings account as the premium for second year.
  • Rs.177 (Rs.201-Rs.12-Rs.12) will be converted as Bank FD which will fetch 8% return for the next 10 Yrs. This means Rs.177 will earn yearly Rs.14.16. This interest will be sufficient to pay the yearly interest of Rs 12 towards Pradhan Mantri Suraksha Bima Yojana.

Pradhan Mantri Sneha Bandhan Yojana Gift Card Rs 351

Under this Gift Card, you are buying Rs 2,00,000 of Accidental Insurance under Pradhan Mantri Suraksha Bima Yojana and Rs 2,00,000 of Life Insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana. Rs 351 will be utilised as given below

  • Rs 12 will be deducted from that Gift card towards one-year premium of Pradhan Mantri Suraksha Bima Yojna. This covers Accidental Insurance for Sum Insured of Rs 2,00,000.
  • Rs 330 will be 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.
  • Remaining Rs.9 (Rs.351-Rs.12-Rs.330) will be deposited into a savings account of person who got the gift card.
  • From the second year , the person whom you gifted must pay the premium for both the schemes

Pradhan Mantri Sneha Bandhan Yojana Gift Card Rs 5,001

Under this Gift Card, you are gifting Rs.5,001 to buy Rs.2,00,000 of Accidental Insurance under Pradhan Mantri Suraksha Bima Yojana and Rs 2,00,000 of Life Insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana. The rest of the amount will be deposited in a bank to facilitate the premium for both the schemes on a yearly base. Rs 5,001 will be used as follows

  • Rs 342 will be deducted from that Gift card towards one-year premium of Pradhan Mantri Suraksha Bima Yojna and Pradhan Mantri Jeevan Jyoti Bima Yojana. This covers Accidental Insurance for Sum Insured of Rs.2,00,000 and Life Insurance of Rs.2,00,000.
  • Next year’s premium,Rs 342  for both these insurance plans will be kept in savings account.
  • Remaining Rs 4,317 (5001-342-342) will be converted into an FD of either 5 yrs or 10 yrs which will fetch an interest of 8% per annum. This deposit generates a yearly income of Rs. 345.36 and be utilised towards the premium payment of both the schemes. After 5 years or 10 years the recipient will pay the premium.

Important Information

  • Be careful to whom you are gifting. For  PMJJBY  age of recipient should be between 18 to 50 years, For PMSBY  age of recipient should be between 18 to 70 years.
  • It can be gifted to any one just not sister.
  • One person can have only one PMSBY and one PMJJBY either enrolled earlier or through gift card
  • If the recipient has already insured  under both the schemes, the amount received can be used to pay premiums in subsequent years. 
  • Rate of interest will be paid on the fixed deposits will be would is available at that time, prevailing rate of interest.
  • Maintenance of desired insurance schemes premium will be the responsibility of the  insured.
  • TDS or  deduction of tax at source will be applicable on the fixed deposit accounts. Our article  Video on Fixed Deposit, TDS on FD and how to show Interest income from FD in ITR explains about Fixed Deposits,TDS etc in detail

If one gets Multiple Sneh Bandhan Card – not sure how that would work out. So please before gifting Sneh Bandhan card ask your loved one.

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