Government Schemes6 min readPublished 9 Oct 2026
Pradhan Mantri Jan Dhan Yojana (PMJDY): Zero Balance, ₹10k Overdraft & ₹2L Insurance
Complete guide to PMJDY accounts: zero balance facility, free RuPay debit card, ₹2 Lakh accidental insurance cover, and ₹10,000 overdraft facility.
Precious Thakur & Banking Research DeskSenior Financial Infrastructure Analyst
Fact-Checked & RBI Compliant
Key Takeaways & Summary
- PMJDY accounts require zero minimum balance and carry zero maintenance charges.
- Includes a free RuPay debit card with inbuilt ₹2,00,000 accidental insurance coverage.
- Eligible account holders can access an overdraft facility up to ₹10,000 after 6 months of satisfactory operation.
Launched in 2014, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has brought over 50 crore citizens into the formal financial ecosystem, providing banking, credit, and insurance without minimum balance barriers.
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Frequently Asked Questions
Who can open a PMJDY Jan Dhan account?
Any Indian citizen aged 10 years and above who does not already have a savings bank account can open a PMJDY account with simplified KYC.