If you have opened a savings account on zero balance under the Pradhan Mantri Jan Dhan Yojana (PMJDY). So you must know about some of the benefits associated with it. In Jan Dhan Yojana, many facilities are available in the account. In this, you get many other benefits including accident insurance, an overdraft facility, and a checkbook.
will get benefits like this
According to sources, even if there is no balance in your account under Jan Dhan Yojana, you get the facility of overdraft up to 10 thousand rupees. This facility is like a short-term loan. Earlier this amount was 5 thousand rupees. But the central government has now increased it to 10 thousand rupees.
Features of Jan Dhan Account
It is the most ambitious financial plan of the central government. In Pradhan Mantri Jan Dhan Yojana (PMJDY), you are ensured access to banking/savings and deposit accounts, loans, insurance, etc. You can open this account from any bank branch or Bank Mitra outlet. PMJDY accounts are being opened with zero balances.
What is the rule
To avail of the overdraft facility, your Jan Dhan account must be 6 months old. Also, the maximum age limit for the overdraft facility in this account should be 65 years. Failure to do so will result in an overdraft of up to Rs 2,000 only.
How to Open Jan Dhan Account
If you want to open an account in the bank under Pradhan Mantri Jan Dhan Yojana. You can open a Jan Dhan account in any bank. If you have any other savings account, then you can also convert it to a Jan Dhan account. Any citizen living in India, whose age is 10 years or more, can open a Jan Dhan account under this scheme.