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Check your eligibility for the overdraft facility and learn about the free insurance and RuPay card benefits of the PMJDY account.
₹10,000
You are eligible to apply for overdraft facility.
₹2 Lakhs
Provided free with your RuPay PMJDY debit card.
Zero balance requirement to maintain the account.
A universally accepted debit card issued free of cost.
Earns regular savings bank interest on any balance held.
Direct Benefit Transfer (DBT) from government schemes routed here.
PMJDY is a National Mission for Financial Inclusion to ensure access to financial services, namely, basic savings & deposit accounts, remittance, credit, insurance, and pension in an affordable manner.
No, there is no minimum balance requirement for accounts opened under PMJDY. It is a Zero Balance account.
An overdraft facility allows the account holder to withdraw money even if the account balance is zero. PMJDY provides an OD facility up to ₹10,000 for eligible account holders.
To be eligible, the account must be satisfactorily operated for at least 6 months, and the account holder's age must be between 18 and 65 years. Usually, only one person per household (preferably a lady of the household) is eligible.
Account holders are issued a free RuPay Debit card, which comes with an inbuilt accidental insurance cover of ₹2 Lakhs (₹1 Lakh for accounts opened before Aug 28, 2018). The card must be used at least once in 90 days for the insurance to remain active.