PM Jan Dhan Account is a type of account that lets you withdraw overdraft money up to Rs. 10,000 even if you have nothing in your account. Read this article to learn how you can open this account and how you can withdraw this money.

If you have not opened this account, then open one immediately as it offers you some of the best services available. The bank account is opened under the Pradhan Mantri Jan Dhan Yojana and more than 42 crore people from all over India have got this account.

Once you have opened this account, you can avail the service of Rupay Debit Card, online banking, online payments, and an overdraft facility of up to 10,000 INR.

What is an Overdraft Facility?

Now many of us do not know what overdraft facility is, let me tell you about it. When an account does not have sufficient balance and the bank still lets the person take out money from them, then that account goes into overdraft. It means that you can have money in the hour of need but you will have to return it back to the bank through the same account.

The Pradhan Mantri Jan Dhan Yojana

PM Narendra Modi launched this scheme on 28 August 2014 and a number of citizens enjoyed the benefits of it. However, the government added more features and benefits to this scheme and launched its second version in 2018.

Features of the Pradhan Mantri Jan Dhan Yojana Bank Accounts

The mentioned bank account comes with multiple features and we shall talk about them one by one in the following points. Make sure to read them carefully so that you can analyse if you would want to open one or not. However, I am sure you should open one and avail the benefits offered by the government of India.

Under this Jan Dhan Yojana scheme, you can get an account of your child who is under the age of 10 years. It enables you to start saving for the kid as early as that so that he or she can have a secured future.
This account comes with a Rupay Debit Card which can be used to withdraw money from the ATM, make online payments and so much more.
The bank account also offers an accident insurance cover of Rs 2 Lakh. It means you will not only get a bank account but an additional asset of life insurance too.
The bank account also comes with a life cover of Rs. 30,000.
As mentioned earlier, you can have an overdraft of up to Rs. 10,000 in this account.
You can get one such bank account opened from your regular bank.
You do not have to maintain any kind of minimum balance with this bank account.
There are no fees charged upon opening of this bank account.

Documents required to Open the Pradhan Mantri Jan Dhan Yojana Bank Accounts

If you wish to get this bank account opened, here are the documents you will be required to carry with you:

Aadhaar Card
Passport
Driving Licence
Photographs
Signature

Conclusion

This was the entire Pradhan Mantri Jan Dhan Yojana Bank Accounts scheme run by the government of India. You must have an account under this scheme so that you can enjoy the multiple listed benefits in this article.

Please share this article with people around you so that they can also avail the benefits of this amazing scheme.