Jan Dhan Yojana
PM Jan Dhan Yojana Benefits: Under Pradhan Mantri Jan Dhan Yojana, individuals who do not have any other account can open a Basic Savings Bank Deposit (BSBD) account in any bank branch or Business Correspondent (Bank Mitra) outlet.
PM Jan Dhan Yojana: Pradhan Mantri Jan Dhan Yojana is the national mission for financial inclusion. These include financial services like savings and deposit accounts, credit, insurance, pension etc. Individuals who do not have any other account under Pradhan Mantri Jan Dhan Yojana can open a Basic Savings Bank Deposit (BSBD) account in any bank branch or Business Correspondent (Bank Mitra) outlet. At the same time, account holders also get another facility of Rs 10,000 in PM Jan Dhan account. Actually, account holders of Pradhan Mantri Jan Dhan Yojana are eligible for overdraft (OD) or credit facility of up to Rs 10,000 in this zero-balance account.
Pradhan Mantri Jan Dhan Yojana
Earlier the overdraft limit was Rs 5,000. It was later doubled to Rs 10,000. This means that if an account holder needs to have an overdraft of Rs 10,000 in his account even if he has zero balance, under this scheme such persons who do not have any other account can approach any bank branch or Business Correspondent (Bank Mitra). ) can open a Basic Savings Bank Deposit (BSBD) account at the outlet. At the same time, account holders also get another facility of Rs 10,000 in PM Jan Dhan account.
PM Jan Dhan Yojana
The general objective of this facility is to provide hassle free loans to low income group/disadvantaged customers to meet their exigencies without insisting on security, purpose or end use of the credit. Overdraft basically means that the bank allows the customers to borrow a certain amount. Interest is charged on the loan. Wherein and usually fees are paid per overdraft.
These people can take advantage of overdraft of Rs 10,000
BSBD accounts, which are operated satisfactorily for at least six months.
The overdraft will be given to the earning member of the family or the women of the house.
– Should have regular credit under DBT/DBTL scheme/other verifiable sources.
– The account should be linked with Aadhaar to avoid duplicate benefits.
BSBD account holder should not maintain any other SB account with any bank/branch to ensure compliance with RBI instructions.
– Applicant’s age should be between 18 years to 65 years
– The period of sanction of overdraft is 36 months subject to annual review of the account.
