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Modalities for implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)

RBI - RBI/2014-15/585 - Dated:- 5-5-2015 - RBI/2014-15/585 DCBR.BPD (PCB ) Cir.No. 8/12.05.001/2014-15 May 5, 2015 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Government of India, Ministry of Finance intends .....

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0 per annum while Pradhan Mantri Suraksha Bima Yojana (PMSBY) offers accident insurance worth ₹ 2 lakhs at ₹ 12 per annum. The schemes will be implemented by member banks in accordance with the preliminary rules and terms finalised by the .....

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a system driven IT mode, the UCBs in co-ordination with the insurance companies concerned would also be required to introduce the necessary module for this purpose in their CBS package and in the software for the handheld devices of BCs to enable on- .....

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having capabilities to build necessary modules in the CBS/hand held devices software for banks and BCs for the roll out of these insurance schemes by May 31, 2015 may participate in these schemes. Such UCBs are advised to finalize MOUs with LIC/GIPSA .....

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