jkbank.net J&K Bank Saving Account Opening

Organisation : J&K Bank
Facility : Saving Account Opening

Registration here : http://www.jkbank.net/customerSaveDepositSchemes.php
Website : http://www.jkbank.net/

Saving Account Opening :

** Minimum AQB of Rs 500/-(With Cheque Book) & Rs 300 (without cheque book).

Related : J&K Bank eBanking Internet Banking : www.statusin.in/19300.html

** Free cash withdrawals at branch (up to 5 per month).
** Free International Gold Debit Card issued with an ATM withdrawal limit of Rs 0.40 lac/day & PoS transaction limit of Rs 1.0lacs.
** Nomination facility available.
** Free e-banking facility.

Eligibility :
** A person in his/her name.
** More than one person in their joint names.
** Minor through parents/guardian.
** Literate minors above 10 yrs of age.

Documentation :
** Application Form.
** Photograph of depositor/s (2 copies)
** Documents as per KYC Norms
** PAN Card or Form 60 or 61
** Any other related document applicable to Minors, etc

Basic Saving Bank Deposit :
Basic Savings Bank Deposit Account is to make basic banking facilities available to weaker sections and low income groups at an affordable cost.

Features :
** The account shall be subject to Know Your Customer (KYC) /Anti-Money Laundering (AML) for opening of Bank accounts issued by KYC Department, CHQ from time to time.

** The accounts shall be permitted to be open with initial deposit of 50/-
** The operations in the accounts shall be permitted without the requirement of maintaining minimum balance. No penalty shall be levied even in accounts with ZERO balance.

** Free Debit Card issued.
** Free 20 Cheque leaves per year. Beyond, charges @ 2/- per leaf as applicable to other accounts.

** Free e-banking/ SMS facility.
** Maximum four withdrawals in a month including ATM withdrawals.
** The account shall be offered other facilities like RTGS/NEFT, inter –Branch transfers, collection of cheques etc at the service charges applicable to other accounts.

** The account shall not be offered Smart Cards.

** Holders of ‘Basic Savings Bank Deposit Account’ will not be eligible for opening any other savings bank deposit account.

If a customer has any other existing savings bank deposit account in the bank, he/she will have to mandatorily close it within 30 days from the date of opening a ‘Basic Savings Bank Deposit Account’

About Us :
J&K Bank functions as a universal bank in Jammu & Kashmir and as a specialised bank in the rest of the country. It is also the only private sector bank designated as RBI’s agent for banking business, and carries out the banking business of the Central Government, besides collecting central taxes for CBDT.

J&K Bank follows a two-legged business model whereby it seeks to increase lending in its home state which results in higher margins despite modest volumes, and at the same time, seeks to capture niche lending opportunities on a pan-India basis to build volumes and improve margins.

FAQs :
Who can open a General Savings Account with J&K Bank?
General Savings account can be opened by individuals, either singly or jointly, Parents/ Guardians on behalf of minors, literate minors above 10 years who can sign regular, and organizations, etc allowed by RBI.

What is the minimum Average Quarterly Balance required to be maintained?
You are required to maintain an AQB of Rs 500/-for accounts with Cheque book facility and Rs 300/- for accounts without cheque book facility..

What are the benefits of the General Savings Account?
** You can avail the following benefits:
** Free cash withdrawals at branch (up to 5 per month).
** Global Access Debit Card issued with an ATM withdrawal limit of Rs 0.40 lac/day & PoS transaction limit of Rs 1.0lacs.
** Nomination facility available.
** Free e-banking facility.
** Interest compounded quarterly and calculated on daily products.