The central government has given great relief to the account holders associated with Pradhan Mantri Jan-Dhan Yojana. Overdraft facility of five thousand rupees has been doubled to ten thousand rupees in the account opened in Jan Dhan Yojana.
Whatever new accounts are being opened under Pradhan Mantri Jan Dhan Yojana (PMJDY), accident insurance of two lakhs is also being given to them. The maximum age limit for the facility of overdraft in the Jan-Dhan account has been increased to 65 years.
Earlier, an overdraft facility was available only to account holders between the age group of 18 to 60 years. Those people whose bank account will run smoothly for six months and have a balance in it can avail the overdraft facility in Pradhan Mantri Jan-Dhan (PMJDY) accounts opened with zero balance.