Get ₹10,000 Overdraft and Free Insurance up to ₹2 Lakh with This Zero Balance Account – Check Benefits and How to Apply

Kuldeep Singh Chundawat

New Delhi: The Modi government is running several welfare schemes aimed at benefiting low-income groups, women, senior citizens, and students. One of the most impactful initiatives is the Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014 to connect people from both rural and urban areas to the formal banking system. Through this scheme, anyone can open a zero balance bank account and access multiple financial benefits.

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🔹 What is Pradhan Mantri Jan Dhan Yojana (PMJDY)?

Under the PMJDY scheme, citizens can open a bank account without maintaining any minimum balance. It’s designed to provide banking access, overdraft facilities, and insurance coverage especially to those from economically weaker sections.

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With this account, users can get:

Overdraft facility of ₹10,000
Free accidental insurance coverage up to ₹2 lakh
Direct benefit transfers (DBT) from various government schemes

✅ Key Benefits of PMJDY Account

🛡️ 1. Free Accidental Insurance Cover

Account holders get a RuPay Debit Card
With this card, they are eligible for accidental insurance coverage up to ₹2 lakh
In case of death or permanent disability, the nominee can claim up to ₹2 lakh
For partial disability, the insurance covers up to ₹1 lakh

💳 2. Overdraft Facility of ₹10,000

If your account has no balance, you can still avail up to ₹10,000 overdraft
This is offered subject to bank terms and conditions
The overdraft amount can be repaid later

🏦 3. No Minimum Balance Required

The account works as a zero balance account
There is no requirement to maintain a minimum balance

🎯 4. Access to Government Benefits

Government subsidies like LPG subsidy, pensions, scholarships, MNREGA payments, etc. are directly credited into the PMJDY account

📄 Documents Required to Open a PMJDY Zero Balance Account

Minimum age: 10 years
Valid documents (any one):
- Aadhaar card
- PAN card
- Voter ID card
- Ration card
- Driving License

📝 How to Open a Jan Dhan Account?

Visit your nearest government or private bank branch
Ask for the PMJDY account opening form
Fill out the form and attach the required documents
Submit it – no charges or fees required

📌 Why You Should Open This Account

The Pradhan Mantri Jan Dhan Yojana is a powerful step toward financial inclusion. It offers banking, insurance, and credit access to those who need it most. If you haven’t yet opened your Jan Dhan account, now is the perfect time to take full advantage of the scheme.

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Author Profile

Kuldeep Singh Chundawat: My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.