To whom overdraft facility of rs.5,000/- in pmjdy account is available?

PMJDY focuses on coverage of households as against the earlier plan which focused on coverage of villages. It focuses on coverage of rural as well as urban areas. Earlier plan targeted only villages above 2000 population while under PMJDY whole country is to be covered by extending banking facilities in each Sub-Service area consisting of 1000 – 1500 households such that facility is available to all within a reasonable distance, say about 5 Km. Basic Savings Bank Deposit Account (BSBDA) has been defined by RBI vide its circular dated 10.08.2012. Its salient features are: • There is no requirement of minimum balance. • The services available include deposit and withdrawal of cash at bank branch as well as ATMs; receipt/credit of money through electronic payment channels or by means of collection/deposit of cheques. • Maximum of 4 withdrawals a month including ATM withdrawal. No such limit for deposits. • Facility of ATM card or ATM-cum-Debit card. • These facilities are to be provided without any extra cost. Beneficiary of RuPay Card is required to keep the Card in safe custody. PIN should be changed at frequent intervals and should never be shared with anyone. While using the card at ATM Machine or PoS, PIN should be entered in machine very secretly so that nobody could even guess about the PIN Number. As far as possible, Card should be used at authorized places / centres only. Besides, PIN number should never be written on the Card. Mobile Number of an account holder is e...

Overdraft facility upto Rs.5000/- will be available to one account holder of PMJDY per household after 6 months of satisfactory conduct of the account. To avoid duplication Aadhaar number will also be required. If Aadhaar number is not available then Bank will do additional due diligence and also seek declaration from the beneficiary. Overdraft facility upto Rs.5000/- is available in only one account per household, preferably lady of the household. Best Practices while applying for Government services online 1. Check whether you are eligible to apply for this service. 2. Check the documents required for application before applying. 3. Keep the documents in one folder for ease of access. 4. In case of any doubts, check whether the queries are already answered. You can check the FAQ section of the department website or use platforms like Tesz for this purpose. 5. Once you have applied, note down the application number to track the status. 6. Check the time required for the completion of the service. If the service is not completed within the due time, track the status online or reach out to the department.

The widely acclaimed initiative of the Modi government, the Pradhan Mantri Jan Dhan Yojana (PMJDY), also provides Jan Dhan account holders under the scheme an overdraft facility of up to Rs. 10000 provided the beneficiary has linked the account to one's aadhaar. This limit was earlier set at Rs. 5000 but later in 2018 September was increased to Rs. 10000. Further per household the facility is extended only to one member preferably lady of the house, based on the eligibility. Amount up to Rs. 2000 is provided without much of hassle. Also, they need to carry out transactions in the account as well as via the Rupay debit card. And in a case when the bank is convinced, the overdraft is granted at a nominal rate of interest. Also there come other disadvantages of not linking Jan Dhan account with aadhaar including: Rupay debit card with inbuilt features such as Rs. 1 lakh accident insurance is extended that does not requires one to maintain a minimum account balance. But in a case when the account is not linked to aadhaar, there shall be difficulty in getting the claim processed. Also there is an additional insurance of up to Rs. 30000, so in case of death of the account holder, a claim of up to Rs. 1.3 lakh can be made.

ANS : PMJDY focuses on coverage of ‘every adults’ as against the earlier plan which focused on coverage of villages. It focuses on coverage of rural as well as urban areas. PMJDY entails to cover entire country by extending banking facilities to ‘every adult’ against the earlier goal to cover ‘every household’. ANS : Basic Savings Bank Deposit (BSBD) account has been designed as a Savings Bank account, which offer certain minimum facilities, free of charge, to the holders of such account. RBI has advised Banks to offer the following basic minimum facilities in the BSBD accounts, free of charge, without requirement of minimum balance: - • The deposit of cash at bank branch as well as ATMs / CDMs and CSP’s. • Receipt / credit of money through any electronic channel or by means of deposit / collection of cheques drawn by Central / State government agencies and departments. • No limit on number and value of deposits that can be made in a month (For fully KYC compliant account). • Maximum of four withdrawals in a month, including own ATMs and other Bank’s ATMs and other models including RTGS, NEFT, Clearing transfer debits etc. Withdrawal beyond four in a month is permitted on chargeable basis in our BC channel account. • Only Basic RuPay card will be issued free of cost. The holder of BSBD account will not be eligible for opening any other savings bank deposit account in that bank. ANS : Beneficiary of RuPay Card is required to keep the Card in safe custody. PIN should be chan...

Overdraft facility upto Rs.5000/- will be available to one account holder of PMJDY per household after 6 months of satisfactory conduct of the account. To avoid duplication Aadhaar number will also be required. If Aadhaar number is not available then Bank will do additional due diligence and also seek declaration from the beneficiary. Overdraft facility upto Rs.5000/- is available in only one account per household, preferably lady of the household. Best Practices while applying for Government services online 1. Check whether you are eligible to apply for this service. 2. Check the documents required for application before applying. 3. Keep the documents in one folder for ease of access. 4. In case of any doubts, check whether the queries are already answered. You can check the FAQ section of the department website or use platforms like Tesz for this purpose. 5. Once you have applied, note down the application number to track the status. 6. Check the time required for the completion of the service. If the service is not completed within the due time, track the status online or reach out to the department.

ANS : PMJDY focuses on coverage of ‘every adults’ as against the earlier plan which focused on coverage of villages. It focuses on coverage of rural as well as urban areas. PMJDY entails to cover entire country by extending banking facilities to ‘every adult’ against the earlier goal to cover ‘every household’. ANS : Basic Savings Bank Deposit (BSBD) account has been designed as a Savings Bank account, which offer certain minimum facilities, free of charge, to the holders of such account. RBI has advised Banks to offer the following basic minimum facilities in the BSBD accounts, free of charge, without requirement of minimum balance: - • The deposit of cash at bank branch as well as ATMs / CDMs and CSP’s. • Receipt / credit of money through any electronic channel or by means of deposit / collection of cheques drawn by Central / State government agencies and departments. • No limit on number and value of deposits that can be made in a month (For fully KYC compliant account). • Maximum of four withdrawals in a month, including own ATMs and other Bank’s ATMs and other models including RTGS, NEFT, Clearing transfer debits etc. Withdrawal beyond four in a month is permitted on chargeable basis in our BC channel account. • Only Basic RuPay card will be issued free of cost. The holder of BSBD account will not be eligible for opening any other savings bank deposit account in that bank. ANS : Beneficiary of RuPay Card is required to keep the Card in safe custody. PIN should be chan...

PMJDY focuses on coverage of households as against the earlier plan which focused on coverage of villages. It focuses on coverage of rural as well as urban areas. Earlier plan targeted only villages above 2000 population while under PMJDY whole country is to be covered by extending banking facilities in each Sub-Service area consisting of 1000 – 1500 households such that facility is available to all within a reasonable distance, say about 5 Km. Basic Savings Bank Deposit Account (BSBDA) has been defined by RBI vide its circular dated 10.08.2012. Its salient features are: • There is no requirement of minimum balance. • The services available include deposit and withdrawal of cash at bank branch as well as ATMs; receipt/credit of money through electronic payment channels or by means of collection/deposit of cheques. • Maximum of 4 withdrawals a month including ATM withdrawal. No such limit for deposits. • Facility of ATM card or ATM-cum-Debit card. • These facilities are to be provided without any extra cost. Beneficiary of RuPay Card is required to keep the Card in safe custody. PIN should be changed at frequent intervals and should never be shared with anyone. While using the card at ATM Machine or PoS, PIN should be entered in machine very secretly so that nobody could even guess about the PIN Number. As far as possible, Card should be used at authorized places / centres only. Besides, PIN number should never be written on the Card. Mobile Number of an account holder is e...

The widely acclaimed initiative of the Modi government, the Pradhan Mantri Jan Dhan Yojana (PMJDY), also provides Jan Dhan account holders under the scheme an overdraft facility of up to Rs. 10000 provided the beneficiary has linked the account to one's aadhaar. This limit was earlier set at Rs. 5000 but later in 2018 September was increased to Rs. 10000. Further per household the facility is extended only to one member preferably lady of the house, based on the eligibility. Amount up to Rs. 2000 is provided without much of hassle. Also, they need to carry out transactions in the account as well as via the Rupay debit card. And in a case when the bank is convinced, the overdraft is granted at a nominal rate of interest. Also there come other disadvantages of not linking Jan Dhan account with aadhaar including: Rupay debit card with inbuilt features such as Rs. 1 lakh accident insurance is extended that does not requires one to maintain a minimum account balance. But in a case when the account is not linked to aadhaar, there shall be difficulty in getting the claim processed. Also there is an additional insurance of up to Rs. 30000, so in case of death of the account holder, a claim of up to Rs. 1.3 lakh can be made.