What is the maximum overdraft that can be provided by a bank to account holder of the Pradhan Mantri Jan Dhan Yojna ?

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.