New Enroll in RBI Grade B New Batch - Starts on May 21

    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.   

    Practice Next

    Relevant for Exams: