Module: General Practice
Q57: As per the current guidelines of the Pradhan Mantri Jan Dhan Yojana (PMJDY), what is the maximum limit for the Overdraft (OD) facility available to eligible account holders, and what is the upper age limit to avail this facility?
✅ Correct Answer: B
🎯 Quick Answer:
The correct overdraft limit is ₹10,000 and the upper age limit is 65 years.The Overdraft (OD) facility acts as a small credit line for account holders to meet emergency needs.
Structural Breakdown: 1. OD Limit: Enhanced from ₹5,000 to ₹10,000.
2. Unconditional OD: Up to ₹2,000 is available without strict conditions.
3. Age Limit: Revised from 18–60 years to 18–65 years.
Historical Context: The enhancement in OD limit and age criteria was implemented in 2018 to sustain engagement in PMJDY accounts.
The basic OD is available after satisfactory operation of the account for 6 months.