Current Affairs · Government Schemes
Under the Pradhan Mantri Jan Dhan Yojana (PMJDY) framework, which of the following technical specifications regarding the Overdraft (OD) facility is correct for an eligible account holder?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An overdraft limit of up to 10,000 rupees is available for applicants aged between 18 and 65 years, where the first 2,000 rupees is provided without any underlying conditions.✓
- 2An overdraft limit of up to 5,000 rupees is available for applicants aged between 18 and 60 years, with the age limit recently extended to 70 years for senior citizens.
- 3An overdraft limit of up to 10,000 rupees is available for applicants aged between 18 and 65 years, with no requirement for a credit guarantee from the government.
- 4An overdraft limit of up to 10,000 rupees is available for applicants aged between 18 and 60 years, with a sub-limit of 2,000 rupees available without any conditions.
Correct answer
An overdraft limit of up to 10,000 rupees is available for applicants aged between 18 and 65 years, where the first 2,000 rupees is provided without any underlying conditions.
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