Which of the following is not one of the features of Pradhan Mantri Jan Dhan Yojana (PMJDY) ?
Under the Pradhan Mantri Jan Dhan Yojana (PMJDY), zero-balance Basic Savings Bank Deposit (BSBD) accounts can be opened at bank branches or Bank Mitra outlets, and RuPay…
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Which of the following is not one of the features of Pradhan Mantri Jan Dhan Yojana (PMJDY) ?
Answer and explanation
Correct answer D
Under the Pradhan Mantri Jan Dhan Yojana (PMJDY), zero-balance Basic Savings Bank Deposit (BSBD) accounts can be opened at bank branches or Bank Mitra outlets, and RuPay debit cards issued for accounts opened after 28 August 2018 carry an accidental insurance cover of ₹ 2 lakh. The maximum overdraft (OD) facility available to eligible account holders is ₹ 10,000 (not ₹ 20,000). Therefore, the statement claiming an overdraft facility of up to ₹ 20,000 is incorrect.
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RPSC Assistant Professor (College Education)