Question

What are two key points of the Jan Dhan Yojana?

Answer 1

1. There are no criteria for minimum balance.
2. An overdraft of ₹ 10,000 is available for one account per household, preferably held by the lady of the household.
3. Interest at the rate of 4 per cent per annum is gained on opening the account.
4. Accidental insurance cover of ₹ 1 lakh is provisioned.
5. Life insurance cover of ₹ 30,000 is also offered under the scheme.