Government Schemes new

Rupay Insurance programme – 2018-19. Click Here.
APY[ATAL PENSION YOJNA]

What is APY ?

Odisha Gramya Bank is registered with PFRDA as aggregators for the purpose of sourcing and processing APY accounts. Individuals between the ages of 18 to 40 can visit our nearest Branch with ID proof, Address Proof and Age-Proof to fill the form for registration under the scheme. Saving Bank account is mandatory for subscribing under the scheme.

Benifits of APY :

Opting APY would lets you :
 Atal Pension Yojana is a Social Security Scheme introduced by Govt. of India, aimed at providing a steady stream of income after the age of 60 to all citizens of India. It is based on the National Pension Scheme (NPS) framework. Permanent Retirement Account Number (PRAN) will be provided to the subscriber immediately by the Branch.
 Under APY the subscribers have a choice to get Fixed monthly Pension amount from Rs. 1000/-, Rs.2000/-, Rs. 3000/-, Rs. 4000/- and Rs. 5000/- by paying a monthly subscription as per the table is given below

APY- Monthly Subscription 
Age of Entry Years of Contribution Monthly pension of Rs1000 Monthly pension of Rs 2000 Monthly pension of Rs 3000 Monthly pension of Rs 4000 Monthly pension of Rs 5000
18 42 42 84 126 168 210
19 41 46 92 138 183 228
20 40 50 100 150 198 248
21 39 54 108 162 215 269
22 38 59 117 177 234 292
23 37 64 127 192 254 318
24 36 70 139 208 277 346
25 35 76 151 226 301 376
26 34 82 164 246 327 409
27 33 90 178 268 356 446
28 32 97 194 292 388 485
29 31 106 212 318 423 529
30 30 116 231 347 462 577
31 29 126 252 379 504 630
32 28 138 276 414 551 689
33 27 151 302 453 602 752
34 26 165 330 495 659 824
35 25 181 362 543 722 902
36 24 198 396 594 792 990
37 23 218 436 654 870 1,087
38 22 240 480 720 957 1,196
39 21 264 528 792 1,054 1,318
40 20 291 582 873 1,164 1,454


APY subscriber registration form Click Here.

PMJDY[Pradhan Mantri Jana Dhana Yojana.

What is PMJDY ?

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. The account can be opened in any bank branch. PMJDY accounts are being opened with Zero balance.

Benifits of PMJDY :

Opting PMJDY would let you :
 No minimum balance required.
 Interest will be paid on deposit.
 The scheme provides life cover of Rs.30,000/- payable on the death of the beneficiary, subject to fulfilment of the eligibility condition i.e. accounts opened between 15.08.2014 – 31.01.2015 with age limit of 18-60 years.
 Accidental insurance cover of Rs.1 lac for the accounts opened prior to 28.08.2018 with age limit from 18 – 60 years and Rs. 2 Lac for the accounts opened after 28.08.2018 with age limit from 18 – 65 years under RuPay card scheme.
 Easy Transfer of money across India
 Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
 Access to Pension, insurance products.
 The Claim under Personal Accidental Insurance under PMJDY shall be payable if the Rupay Cardholder has performed minimum one successful financial or non-financial customer induced transaction at any Bank Branch, Bank Mitra, ATM, POS, E-COM etc. Channel both Intra and Inter-bank i.e. on-us (Bank Customer/Rupay card holder transacting at same Bank channels) and off-us (Bank Customer/Rupay card holder transacting at other Bank Channels) within 90 days prior to the date of the accident including accident date will be included as eligible transactions under the Rupay Insurance Program 2018-2019.

For PMJDY Claim Form Click Here.

PMJJBY[Pradhan Mantri Jiban Jyoti Bima Yojana.]

What is PMJJBY ?

Pradhan Mantri Jeevan Jyoti Bima Yojana is a Govt. Sponsored Life Insurance Scheme. The scheme is a one-year cover Term Life Insurance Scheme, renewable from year to year, offering life insurance cover for death due to any reason.

Benifits of PMJDY :

Opting PMJJBY would let you :
The scheme is offered/administered by Odisha Gramya Bank through Life Insurance Corporation of India (LIC).
• Eligibility - All Savings Bank Account holders in the age 18 to 50 years can join this scheme. In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only.
• Policy period - From 1st June to 31st May of the subsequent year
• Premium - Rs.330/-, Rs.258/-, Rs.172/- and Rs.86/- for new enrolments made during 1st, 2nd, 3rd and 4th quarter respectively per member. The premium will be deducted from the account holder's savings bank account through 'auto debit' facility in one installment. Renewal of the premium shall be made on or before 31st May every year for next annual coverage under the scheme.
• Insurance Benefits - In case of death of the policyholder, the nominee is entitled to get coverage benefits of Rs.2 Lakh.
• Termination of Assurance - The assurance on the life of the member shall terminate on any of the following events and no benefit will be payable under the following scenarios:
 On attaining age 55 years (age neared birthday) subject to annual renewal up to that date (entry, however, will not be possible beyond the age of 50 years).
 Closure of account with the Bank or insufficiency of balance in the SB account for renewal to keep the insurance in force.
 In the case of multiple coverages under the scheme, insurance cover will be restricted to Rs. 2 Lac and the premium shall be liable to be forfeited.
• The assurances granted under the scheme are subject to an initial lien of 45 days. No claim is admissible for deaths during the first 45 days from the date of commencement of risk. However the same is not applicable if the cause of death is due to an accident. No lien is applicable on subsequent renewals.


For PMJJBY Claim Form Click Here.

PMSBY[Pradhan Mantri Surakshya Bima Yojana.]

What is PMJJBY ?

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is aimed at covering the uncovered population at a highly affordable premium of just Rs.12 per year. The Scheme is available to people in the age group of 18 to 70 years.

Benifits of PMJDY :

Opting PMSBY would let you :
• Policy Period - One year period stretching from 1st June to 31st May.
• Premium - In light of the fact that a large proportion of the population has no accidental insurance cover, the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is aimed at covering the uncovered population at a highly affordable premium of just Rs.12 per year.
• Insurance Benefits -The details of insurance benefit are given below.
Particulars Sum assured
1. For accidental death and permanent total disability Sum assured is 2 lacs
2. Permanent partial disability Sum assured is 1 lacs
• Termination of Assurance - The assurance on the life of the member shall terminate on any of the following events and no benefit will be payable under the following scenarios:
 On attaining age 70 years (age nearer birthday) subject to annual renewal up to that date.
 Closure of account with the Bank or insufficiency of balance in the SB account for renewal to keep to keep the insurance in force.
 In the case of multiple coverages under the scheme, insurance cover will be restricted to Rs. 2 Lac and the premium shall be liable to be forfeited.


For PMSBY Claim Form Click Here.