Govt's Raksha Bandhan Gift Suraksha Bandhan

Suraksha Bandhan|Govt’s Scheme to push Social Security

What is Suraksha Bandhan ? – Suraksha Bandhan Scheme to Push Social Security – Participating Banks and Insurance Companies

Govt's Raksha Bandhan Gift Suraksha BandhanRaksha Bandhan, a festival of love between brothers and sisters is approaching. In this occasion, indian government is planning to launch a special drive named as “Suraksha Bandhan” . This scheme is to be launched to promote the social security schemes. Under the Suraksha Bandhan Scheme, people can gift social security schemes to their loved ones. This will be done using gift cheques and special deposits.

Suraksha Bandhan Scheme

Participating Banks and Insurance companies will organize special drives from August to September. Just like giving the gifts during the Raksha Bandhan Festival, people will be able to gift social security schemes to their loved ones. To avail the facility one must visit the enrollment drive centers.

Suraksha Bandhan Gift cheques and Special Deposits –

Jeevan Suraksha Gift Cheque will be the prime entity in this whole programme. Jeevan Suraksha Gift cheques will be available to purchase for Rs. 351 in bank branches. These will be purchased by the persons who wish to gift the social security schemes. The payment of Rs. 351 for Gift cheques will cover one year payment of the premium of Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana. 


The one year premium for PBSBY and PMJJBY is actually 342 i.e. Rs. 12 for Suraksha Bima Yojana and Rs. 330 for Jeevan Jyoti Bima Yojana. The total amount hence is 342. The remaining 9 rupees would be retained by the issuing bank as service charge.

Facilities Under Suraksha Bandhan Scheme –

Two schemes namely Suraksha Deposit Scheme and Jeevan Suraksha deposit scheme can also be availed

Suraksha Deposit Scheme  –

  1. Under this scheme, Rs. 201 will be deposited.
  2. Out of Rs. 201, 24 rupees will be reserved as payment for Suraksha Bima Yojana for 2 years
  3. Remaining 177 rupees will be for a fixed deposit for 5 to 10 years for the payment of PMSBY subscriptions

Jeevan Surkasha Deposit Scheme –

  1. Under this Scheme, Rs. 5001 will be deposited
  2. Out of Rs. 5001, Rs. 684 will be deducted for the paying 2 annual payments for PMSBY and PMJJBY(2*(12 +330))
  3. Remaining Rs. 4317 would be kept for FD for 5 to 10 years for the payment of future PMSBY and PMJJBY subscriptions .

Details of Social Security Schemes –

For Detailed information regarding the social security schemes, use the links given below

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY)

Atal Pension Yojana

Note – It is to be noted that the last date for the enrollment for PMSBY and PMJJBY has been extended till 30th September 2015.

Suraksha Bandhan Participating Banks

  1. State Bank of India(SBI)
  2. Punjab National Bank (PNB)
  3. HDFC
  4. AXIS Bank
  5. Oriental Bank of Commerce etc

Note – List will be updated soon.

The Suraksha Bandhan is great step to boost the reach of Social Security Schemes. This Raksha Bandhan, you can give this gift to your beloved brother and sister and can actually help him/her towards a better future.

We hope that this article helped you in Understanding the Details of Suraksha Bandhan. If you Still have any query, kindly write it down in the comments section below.

  • Anil Kishore says:

    This PM and FM has not launched any scheme which is really beneficial for the poor. Crores of Rs has been wasted in advertisement about the social schemes but they could not reduce premium for poor people. The Term Plan Life Ins scheme is available in Rs250/- for target group of 18 to 35 years but they are required to pay Rs330/- under PMJJBY . NPCI is paying Rs0.47 for accidental Insurance cover of Rs1 lakh on RuPay card. But in PMSBY amt of premium is Rs12/- IN APY the return on money accumulated will be merely 7% p.a. Now new schemes have been launched to promote PMJJBY and PMSBY on the name of Suraksha but real benefit is going to Insurance companies and advertising companies. He should have reduced premium rates instead of bogus marketing. In these new schemes changes have been brought within 10 days of declaration of the scheme. Jaldi ka kaam shaitaan ka ki kahavat yahan charitharth hoti hai . Kisi bhee scheme ko banaate samay dhyaan dene jaroori hai lekin saare kaam hadbadahat me kiye jaate hain aur dikhawati hote hain .

  • i want to apply for my mom she is not having account. so it is possible to apply from my account

  • Send details of surakasha deposit scheme for 201/-Rs
    Jeevan surakasha Gift check for 301/-Rs
    Jeevan Surakasha Deposit scheme for 5001/-Rs

  • Could you please let us know the date when these Gift cards get available?
    Shall we get these gift cards in the all branches of above mentioned banks.

    Thanks in advance.

  • I have an account in SBI and I’m 38 years old. Can I Apply this PMSBY AND PMJJBY scheme for my self on my account?