PM Jan Dhan Yojana– Even if you do not have money in your savings account, you can still withdraw Rs 10,000 from the bank. To avail this facility, you must have a Jan Dhan account. The Jan Dhan account was started by the Modi government at the Center in the year 2017.
On opening a bank account under the Pradhan Mantri Jan Dhan Yojana, many types of banking facilities are available like cheque book, passbook, accident insurance etc. Along with all these, customers also get the facility of overdraft. With its help, you can withdraw money if needed even if there is no balance in the bank account.
Under this scheme, bank accounts are opened on zero balance account. Even if you do not have minimum balance in your account, you do not have to pay any charge for it. Many types of facilities including insurance are available in this scheme. This zero balance account has helped crores of people to easily get benefits like savings account, insurance and pension.
This way you can get 10 thousand rupees
Under the Jan Dhan Yojana, even if there is no balance in your account, you will get the facility of overdraft up to Rs 10,000. This facility is like a short term loan. To avail the overdraft facility, your Jan Dhan account should be at least 6 months old. If this is not the case, then you can get an overdraft of only up to Rs 2,000. The maximum age limit for overdraft facility in this account is 65 years.
You have to pay a nominal interest to the bank for availing the overdraft facility. But this helps in fulfilling the small needs of the low income group customers easily. They do not have to beg in front of anyone. You can use this money without the hassle of preparing any additional documents and files.
Eligibility
To open a Jan Dhan account, you must have an Aadhaar card and a PAN card. The minimum age to open an account is 10 years. Not only this, you can also convert your old savings account into Jan Dhan.