Which of the following is not correct about Pradhan Mantri Jan Dhan Yojana ........

Economic Affairs Financial Inclusion

Which of the following is not correct about Pradhan Mantri Jan Dhan Yojana?

Accounts are opened under this with zero balance.

Provides for accident insurance cover and life insurance.

For easy affordable access to different financial services such as need based credit, insurance, remittances, overdraft facility, etc.

Overdraft facility is available to every member of a family.

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Explanation:

Pradhan Mantri Jan Dhan YojanaPradhan Mantri Jan Dhan Yojana, is financial inclusion program of Government of India which is applicable to 10 to 65 years age group, that aims to expand and make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.