Which of the given statement is not true regarding the lsquo Small Account rsquo under the Pradhan M...........

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Which of the given statement is not true regarding the ‘Small Account’ under the Pradhan Mantri Jan Dhan Yojana (PMJDY) ?

Aadhaar card is mandatory for opening Small Account

Balance at any point of time should not cross Rs 50,000

Aggregate withdrawals should not be more than Rs 10,000 in a month

Aggregate credits have been limited to not more than Rs 1 lakh a year.

A person not having any valid identification document can also open bank account under this scheme.

Such account is called “Small Account”.

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