Question: Who gets OD facility under Jan Dhan yojana? Is it available for all account holders?
Answer: The overdraft facility is available to all account holders under the PMJDY scheme. The overdraft scheme entitles an OD up to a maximum amount of Rs. 5000.
The banks decide on which account holders to offer the OD facility taking into account their credit profile and usability of the bank account. So if you have a dormant account with no financial activity the chances of the bank offering you the OD would quite low.
Question:
Who gets OD facility under Jan Dhan yojana? Is it available for all account holders? Answer:
The overdraft facility is available to all account holders under the PMJDY scheme. The overdraft scheme entitles an OD up to a maximum amount of Rs. 5000.
The banks decide on which account holders to offer the OD facility taking into account their credit profile and usability of the bank account. So if you have a dormant account with no financial activity the chances of the bank offering you the OD would quite low. Source: CoolInterview.com
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