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How do I cancel Premium for PMSBY & PMJJBY?

By IndianMoney , 1 month ago

Step 1: Go to the bank and cancel the auto debit instruction from your savings account. Do a proper follow up with the bank official because sometimes such requests are not processed effectively and we end up paying the sum every year. Step 2: Stop using/ funding the savings account which is linked to the PMSBY or PMJJBY. No money in the bank account so no debit so no premium payments.

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