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10486 - Voila! Customers could withdraw money from zero balance Jan Dhan accounts! - Money Life

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Moneylife Digital Team


23 September 2016


In what it could be a technical lapse or sheer good luck, several Jan Dhan account holders from Beed district in Maharashtra have been able to withdraw money using Aadhaar authentication from zero balance accounts, reports Marathi daily Loksatta. Since these accounts had no money at all (zero balance), this withdrawal could not even be passed off as a part of the Rs5,000 overdraft facility promised on the Jan Dhan accounts, nor do they meet the overdraft criteria. 


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