PMJDY – How to avail the Overdraft of Rs 5000/- which is declared under PMJDY – Pradhan Mantri Jan-Dhan Yojana ?

Overdraft (OD) of Rs 5000/- per household can be sanctioned by the branch head in the saving account of leading lady of the household after satisfactory operation of 6-12 months. Only one OD account per household should be sanctioned.

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.