436 rupees taken from your bank account? Don't panic..!

Sowmiya Sriram
436 rupees taken from your bank account? Don't panic..!
As cyber-attacks are increasing day by day, it is imperative to keep our bank account information very safe. Not only this but also cyber attacks on indian companies from abroad, many fraudulent gangs in india are stealing money from bank accounts in various ways. In this situation, check whether 436 rupees has been debited from the bank account of many people in india, if it has been done then do not panic. Many people are scared to see this Rs 436 debited.
The Union government led by prime minister Narendra Modi launched Pradhan Mantri jeevan Jyoti Bhima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bhima Yojana (PMSBY) in 2015 to provide insurance coverage to all the people of India. Available to all. The annual premium amount for this scheme is operated through an automatic debit from their bank account. Pradhan Mantri jeevan Jyoti Bhima Yojana provides a life insurance plan worth Rs.2 lakh. The scheme period is for one year from 1st june to 31st May and has to be renewed every year. As the risk coverage of this scheme is Rs 2 lakh, the amount is paid out in case of the death of the insured.
Those who have applied for this scheme will be auto-debited from their bank account every year on or before May 31st for the premium amount of Rs.436 for that year. If you were also availing of this scheme then an auto-debit of Rs.436 from your bank account may be done or will be done in the coming days. Do you want to prevent this?
This plan is jointly offered by life insurance corporation and all other life insurers. If you are unable or unwilling to continue with the scheme introduced in 2015, you can stop the annual auto debit process from your bank account by visiting the branch of the bank where your account is linked to the PMJJBY scheme. It is sufficient to fill out the form for this after going to the bank and give it to the bank officials. The sad news is that this can't be done online. Even if you don't pay on time, your Pradhan Mantri jeevan Jyoti Bhima Yojana policy will be canceled automatically. Remember to get benefits from this scheme.
For example, if your bank account does not have sufficient funds to debit the premium amount for the scheme, automatic debiting of the premium will not be possible, resulting in the cancellation of the Pradhan Mantri jeevan Jyoti Bhima Yojana.
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