Pmjdy Overdraft

General purpose loan to provide hassle free credit to low income group/underprivileged customers to meet their exigencies without insistence on security, purpose or end use of the Credit.

Nature Of Facility

Running OD facility in SB account.

Period of sanction

36 months subject to review of the account thereafter.

  • All BSBD accounts, which are operated satisfactorily for at least six months.
  • The account should be active with regular credits. Credits could be from DBT or DBTL or from any other source.
  • Account should be seeded and authenticated with Aadhaar and Mobile No.
  • Age of the applicant between 18 years to 65 years

@1 Year MCLR + 3%

  • Minimum OD amount of Rs. 2,000/- and maximum Rs. 10,000/-
  • Beyond Rs. 2,000/- following stipulations to be followed
  • 4 times of average monthly balance
  • Or, 50% of credit summations in account during the preceding 6 months
  • Or, Rs. 10,000/- whichever is lower