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Question

Q. With reference to PM Jan Dhan Yojana, which of the following statements is/are correct?

Select the correct answer using the code given below:


A
1 only
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B
1 and 2 only
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C
2 and 3 only
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D
1 and 3 only
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Solution

The correct option is D 1 and 3 only

Explanation:

Statement 1 is correct: Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner.

Statement 2 is incorrect: Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28.8.2018) is available with RuPay card issued to the PMJDY account holders.

Statement 3 is correct: An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.


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