Govt of AP has issued latest orders to the beneficiaries of Jagananna Vidya Deevena and Vasathi deevena scheme to get joint bank account opened under the joint operation of student and mother.<\/p>\n\n\n\n
\nBreaking: Basis the requests from the students and parents cut off to open joint accounts has been extended till February 2024<\/p>\n As per the sources<\/cite><\/blockquote>\n\n\n\n
So far in Andhra Pradesh, beneficiaries of Vidya deevena and vasathi deevena get college fees and maintenance amount directly into the bank accounts of mother. In contrast, now government has decided to credit these fund into the joint accounts operated by both student and mother.<\/p>\n\n\n\n
Pertaining to the same government has issued key instructions to the village ward secretaries across the state to expedite the process.<\/p>\n\n\n\n
Opening of Joint Account – Key Instructions<\/h3>\n\n\n\n
All the existing students shall open a new joint account along with his\/her mother at the earliest so as to get the benefit of Jagananna Vidya Deevena (RTF) and Jagananna Vasathi Deevena (MTF).
<\/p>\n\n\n\nFeatures of the new joint account to be opened :<\/strong><\/p>\n\n\n\n
i) The new joint account shall have the student as the primary account holder and the mother as the secondary account holder.
ii) Operation of the joint account shall be done BY BOTH student and the mother.
iii) Debit card shall not be issued for this joint account, as withdrawal of the money is to be done with the joint signature of both student and the mother.
iv) Aadhaar number of mother cannot be seeded to this joint account for the purpose of DBT schemes, since the student is the primary account holder.
v) The new joint account has to be opened as a zero based account. No deposit is required to be paid for a zero-based account. (However, if the student and mother wants to open a regular savings account, it is left to their choice and they have to pay the initial deposit relevant for opening
of a regular account).
vi) Taking a cheque book on the joint account is left to the choice of the student and mother and it is not compulsory.
vii) The new joint account will not be having net banking facility\/online transaction facility.
viii) in case of expiry of the mother, student and the father have to open the joint account. Those who do not have both mother and father can open joint account with their guardian.<\/p>\n\n\n\nCut off date for JVD joint accounts:<\/strong> Basis the requests from the students and parents cut off to open joint accounts has been extended till February 2024<\/p>\n\n\n\n
Documents to be shown for opening of Joint Accounts:<\/strong>
The following are the documents to be produced by the student and the mother at the time of opening of the new joint account.
i) Three passport size photographs of the mother and the student
ii) Aadhaar copy of student and mother (for proof of identity and address)
iii) Student ID card
iv) in case date of birth of student is not mentioned in his\/her Aadhar card, then date of birth certificate or any study certificate issued by the college wherein date of birth is mentioned.<\/p>\n\n\n\nFor Regular updates on this scheme please join our StudyBizz Telegram<\/a>.
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