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      Question

      What is the maximum overdraft that can be provided by a

      bank to account holder of the Pradhan Mantri Jan Dhan Yojna ?
      A Rs.2,000 Correct Answer Incorrect Answer
      B Rs.5,000 Correct Answer Incorrect Answer
      C Rs.8,000 Correct Answer Incorrect Answer
      D Rs.10,000 Correct Answer Incorrect Answer
      E Rs.15,000 Correct Answer Incorrect Answer

      Solution

      The overdraft limit for Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts is Rs. 10,000 . This facility is available to eligible account holders.   

        • Eligibility: An overdraft is available to one account per household, preferably the lady of the household. 
        • Conditions: To avail an overdraft beyond Rs. 2,000, the following conditions apply:  
          • 4 times the average monthly balance.   
      • 50% of the credit summations in the account during the preceding 6 months.   
      • Or, Rs. 10,000, whichever is lower.   

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