Account holders with a PM Jan Dhan account might get a reward of Rs 10,000 even if they have no money in their account

If you have a Pradhan Mantri Jan-Dhan Yojana (PMJDY) account, you should be aware of a feature that provides you with various financial rewards as well as universal access to banking services.

This zero balance account offers an overdraft (OD) capability of up to Rs 10,000. The overdraft limit was formerly set at Rs 5,000, however it was later increased to Rs 10,000. Unconditional overdraft of up to Rs 2,000 is offered. Your Jan Dhan account must be at least 6 months old to qualify for an overdraft; otherwise, you can only acquire a Rs 2,000 overdraft. The highest age restriction for overdraft has also been raised from 60 to 65 years.

Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), and Micro Units Development & Refinance Agency Bank (MUDRA) are all available to PMJDY accounts.

Prime Minister Narendra Modi announced the PMJDY in his Independence Day address on August 15, 2014, and it was started on August 28, 2014, to promote financial inclusion.

This national objective was established to guarantee that individuals have inexpensive access to financial services such as banking, remittance, credit, insurance, and pensions.