A zero balance account opened under the PMJDY refers to a bank account which has no minimum balance requirements.
Although a zero balance account is meant for people below the poverty line, it can be opened by any individual with valid KYC documents.
A maximum of two members in one family can have zero balance accounts opened under the Pradhan Mantri Jan Dhan Yojana.
The main objective of zero balance accounts is to facilitate poor people in having a bank account so that they can pool their savings and avail the banking services.
