| January 8th, 2020 10:33 AM | |
| Unregistered | Re: Jammu and Kashmir bank schemes I am doing MBA final year and making project report on Jammu and Kashmir Bank want bank details. Will you ell list of Jammu and Kashmir Bank schemes available also provide those scheme details? |
| September 3rd, 2015 01:11 PM | |
| Neelurk | Jammu and Kashmir bank schemes I would like to know about the Personal Banking schemes which are offered by the Jammu and Kashmir bank. so tell me from where I can get the details of the procedure to start Personal Banking schemes? give me the list of the all other services offered by Jammu and Kashmir bank.? Jammu and Kashmir Bank is a J&K - based private sector banking and financial services company Jammu and Kashmir Bank is one the most popular banks in the state of J&K. The bank is the only private player designated and authorized by the Reserve Bank of India List of schemes: Fixed Deposits Scheme This is the standard fixed deposit scheme with a tenure that ranges from 7 days to 10 years. The interest rates if fixed and pre-mature withdrawal is allowed as per bank’s discretion. Cash Certificate Scheme This deposit can be opened with a starting amount of ₹ 1000 and the interest applicable is compounded quarterly. The tenure of the deposit can be anywhere between 6 months to 10 years Open -Ended Deposit Scheme The main feature of this deposit is pre-mature withdrawal without any penalty. The deposit tenure is between 6 months and 10 years. The interest rate is fixed and is compounded quarterly. Flexi Deposit Scheme This deposit scheme is also for 6 months and above for up to 10 years. The most distinguishing factor of this scheme is that the depositor is eligible for a loan of up to 90% of the deposit amount and that too without any loan documents processing and any other formalities. Mehandi Deposit Scheme This deposit scheme is meant specifically for minor boys and girls. The tenure for these deposits can be chosen from 5, 7, 10, 12, or 15 years. The rate of interest is fixed and is compounded quarterly. The interest is paid out on maturity of the deposit. Tax Saver Term Deposit Scheme As the name suggests this deposit scheme aims at helping customers save income tax. Hence, the deposit tenure available is 5 years or 10 years. The deposit amount starts from ₹ 1000 and its subsequent multiples. These schemes fetch a tax waiver under the Income Tax Act 1956. Contact: Chairman & Managing Director Mr. Rajesh Kumar Chhibber Address: The Jammu & Kashmir Bank Ltd. Corporate Headquarters M.A Road Srinagar, J&K , India Phone : 0194-2481900, Fax: 0194-2481902 Jammu Phone No's: 0191-2471666 fax: 0191-2471999 |
