Jammu and Kashmir Bank

The Jammu and Kashmir bank offers multiple savings account products that cater to different segments of society. Some of the savings account products offered by the CSB bank are as listed below: 

• Deluxe Savings Account: The Deluxe savings account offered by the J & K bank allows the user up to 30 free cash withdrawals over the counter per half year. The account holders also get international debit card with withdrawal limit of Rs.1 lakh at ATM. 

• Student Savings Account: The Student savings account offered by the J & K bank is specifically designed for students and has no minimum balance requirement. Free debit card, e-banking facility and SMS facility are some of the benefits of this savings account. 

• Basic Savings Account: This savings account offered by J & K bank is designed for low-income groups and weaker sections of the society. The account holders get benefits like free debit card, 20 cheque leaves annually, up to four ATM withdrawals monthly and much more. 

Deposits: 

Some of the deposit products offered by the J & K bank are as listed below: 

• Fixed Deposit: The minimum amount required to open a fixed deposit in J & K bank is Rs.100 for a tenure of seven days up to 10 years. These fixed deposits can be withdrawn prematurely but a penalty will be charged. Other than that, the customer can also avail themselves of a loan against this fixed deposit. Interest is paid on quarterly basis. 

• Tax Saver Term Deposit Scheme: This scheme offered by the J & K bank is ideal for those who are looking forward to avail tax benefits on deposits. The minimum deposit amount required to invest in this fixed deposit is Rs.1000 up to Rs.1,50,000. Premature withdrawal before completing five years is not allowed in this scheme. 

• Recurring Deposit: J & K bank offers recurring deposits for period ranging from six months up to 10 years. These deposits allow the customer to avail themselves of the loan facility up to 90% of the deposit amount. The interest is paid on maturity of the scheme. 

Loans:  

Some of the loan products offered by J & K Bank are as follows: 

• Housing Loan: J & K bank offers housing loan to its customers for various purposes like construction, purchase or renovation of the house. This loan can be availed at a decent rate of interest. 

• Consumer Loan: J & K bank offers consumer loan to its customers for purchasing television, washing machine, furniture, cookware, air conditioners, etc. 

• Gold Loan: Gold loans offered by J & K Bank allow you to avail cash up to Rs.15,00,000 with minimal documentation. This is a short-term loan for a maximum period of one year. 

Insurance:  

The insurance plans offered by the J & K Bank are as listed below: 

• Life Insurance: J & K bank has partnered with PNB MetLife India Insurance Co. Ltd. to offer life insurance products. 

• Non-Life Insurance: J & K bank has partnered with Bajaj Allianz General Insurance Co. Ltd. to offer non-life insurance products. 

Cards: 

The card facility provided by the J & K bank to its customers is as follows: 

• Credit Card: J & K bank offers three category of credit cards to its customers: Gold credit card, Platinum credit card and World credit card. These credit cards come with multiple benefits like revolving credit facility, up to 50 days of credit free period, EMI schemes, etc. 

• Global Debit Card: The Global debit card offered by the J & K bank is a chip and pin based Mastercard that gives digital access to current or savings account. This card allows the holder to make payment of up to Rs.1,00,000 per day, and make cash withdrawals of up to Rs.40,000 per day at ATM.