What is the concept of overdraft of Rs.5000/- in Pradhan Mantri Jan Dhan Yojana account and for whom this facility is available ?

Overdraft facility upto Rs.5000/- will be available to one account holder of PMJDY per household after 6 months of satisfactory conduct of the account. To avoid duplication Aadhaar number will also be required. If Aadhaar number is not available then Bank will do additional due diligence and also seek declaration from the beneficiary.

Overdraft facility upto Rs.5000/- is available in only one account per household, preferably lady of the household.