What is the prescribed minimum balance amount (in INR) in a PMJDY (Pradhan Mantri Jan-Dhan Yojana) account?
- A₹0
- B₹50
- C₹200
- D₹100
Solution & Step-by-step Explanation
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a National Mission for Financial Inclusion. Accounts opened under PMJDY are Basic Savings Bank Deposit Accounts (BSBDA), which feature a minimum balance requirement of ₹ (Zero Balance accounts).