Jammu & Kashmir Bank (J&K Bank), established in 1938, is a prominent Scheduled Commercial Bank in India. It’s one of the oldest private sector banks, listed on NSE and BSE, with headquarters in Srinagar. As a key bank in Jammu & Kashmir and Ladakh, designated by RBI, it serves diverse segments like businesses, government employees, farmers, and more. The bank offers various financial products, including retail and specialised loans, catering to distinct customer needs.
Different Types of Products and Services Provided by Jammu & Kashmir Bank
The different products and services provided by Jammu & Kashmir Bank are:
- Jammu & Kashmir Bank Deposits
- Jammu & Kashmir Bank Loans
- Jammu & Kashmir Bank Cards
- Jammu & Kashmir Bank Investments
- Jammu & Kashmir Bank Insurance
- Jammu & Kashmir Bank Banking Services
Jammu & Kashmir Bank Deposits
Jammu & Kashmir Bank brings you an array of schemes to manage your hard-earned income efficiently. They are multiple Savings Accounts for individuals or multiple Current Accounts for businesses.
Jammu & Kashmir Bank Savings Accounts
The bank has devised several types of savings accounts to suit the specific needs of its customers.
Type of Account | Primary Features |
Deluxe Savings Account | For resident individuals, HUFs, and minors above 10 yearsAMB: Rs. 500030 free ATM withdrawals in a monthInternational Debit CardFree Jammu & Kashmir Net Banking and Mobile Banking |
General Savings Account | For resident individuals, HUFs, and minors above 10 yearsAMB: Rs. 100030 free ATM withdrawals in a monthInternational Debit CardFree Jammu & Kashmir Net Banking and Mobile Banking |
General Small Account | For individuals including pensioners, and literate minors above 10 years. Joint account permittedMinimum balance: Rs. 50Maximum Balance: Rs. 50000Maximum credits: Rs. 1.00 lac in a yearCheque book facility if AQB is Rs. 1000/-Aggregate cash transactions in a month: Rs. 10000 |
General Salary Account | For State and Central Government Employees, Autonomous bodies, and reputed Private CompaniesAMB: ZeroFree Cash withdrawals at branches: 30 per half-yearInternational Debit CardFree Jammu & Kashmir Bank Net Banking and mobile banking20 cheques free per year and 25 cheque leaves for Senior CitizensTemporary overdraft facility: Up to 50% of net salary. Maximum: Rs. 10000 |
Other Jammu & Kashmir Bank Savings Accounts
Deluxe Salary Account | Basic Savings Deposit |
Student Savings Account | Saving Account Government |
Pension Account | Premium Savings Account |
Pink Savings Scheme | Corporate Salary Package |
Savings Account for NCC Candidates | NRI Savings Account |
NRO Savings Account |
Jammu & Kashmir Bank Current Accounts
For businesses to have proper control over their cash flow, Jammu & Kashmir Bank has devised various current account schemes as per the specific requirements of the businesses. Individuals (single and joint), Proprietorship and Partnership firms, Limited Companies, Trusts, Clubs and Associations, and Societies can apply for a current account.
Type of Account | Primary Features |
Platinum Current Account | AMB: Rs.5.00 lacsUnlimited free cheque leavesFree DDs Free collection of bills up to Rs. 10.00 lacs a month50 POs free in a monthFree RTGS/NEFTFree Jammu & Kashmir Bank Net Banking and mobile bankingFree International Debit Card |
Gold Current Account | AMB: Rs 2.50 lacs300 free cheque leaves per year50 free DDs a monthFree collection of bills up to Rs. 5.00 lacs a month30 POs free in a monthFree RTGS/NEFTFree Jammu & Kashmir Bank Net Banking and mobile bankingFree International Debit Card |
Premium Current Account | AMB: Rs. 50000Free DDs up to Rs. 1.5 lacs in a month15 POs free in a month Free collection of local bills Free Jammu & Kashmir Net Banking and mobile banking |
Premium Plus Current Account | AMB: Rs.1.00 lac Free DDs up to Rs. 30 lacs in a month Free collection of cheques200 cheque leaves free in a year25 POs free in a month Free Jammu & Kashmir net banking and mobile banking Free bill collection up to 2.00 lac per month |
Basic Current Account | AMB: Rs. 5000Multiple services at nominal feesFree Jammu & Kashmir net banking and mobile banking |
Grameena Current Account | AMB: Rs. 2000Multiple services at nominal feesFree Jammu & Kashmir net banking and mobile banking |
Jammu & Kashmir Bank Cards
The following Jammu & Kashmir Debit Card and Credit Card variants are offered-
- Global Debit Card
- Gold Credit Card
- Platinum Credit Card
- Government Employees Credit Card
- World Credit Card
Jammu & Kashmir Bank Loans
Whatever the purpose, there is a loan scheme in Jammu & Kashmir Bank. The different Jammu & Kashmir Bank loans are:
Type of Loan | Primary Features |
Housing Loan | For the purchase of a house/flat, construction of a house or dwelling unit, the purchase of a plot and construction thereon, for repairs and renovations, and transfer of home loan balance from other banks. Amount: 75% of the project cost with a maximum of Rs. 75 lacs Tenure: As per the repayment capacity |
Education Loan | For higher studies in India and abroad Amount: 10 lacs maximum for inland studies and 30 lacs maximum for studies abroad Tenure: 15 years including course period and moratorium |
Car Loan | For fuel-operated and electric cars, jeeps, vans, SUVs, and MUVs Amount: 85% to 90% of invoice value depending on the nature of employment Tenure: Maximum 84 months |
Other Jammu & Kashmir Bank Loans
Consumer Loan | JK Bank Personal Consumption Loan Scheme |
Laptop/PC Finance | Term loan for B.Ed and M.Ed |
Smartphone Finance | Modular Kitchen Finance |
Cash Credit Scheme | Loan against gold ornaments |
Solar Equipment Finance | Loan against property |
Jammu & Kashmir Bank Investment Options
Jammu & Kashmir Bank provides various Term Deposit Schemes as a lucrative investment option besides other investment options. Individuals (single and joint), Minor by a guardian, HUFs, Limited Companies, Clubs, Associations, Trusts, and Societies can open term deposits
Type of Deposit | Primary Features |
Fixed Deposit | Deposit Amount: Rs. 100 and above Period: 7 days to 10 years Interest payout: Quarterly Premature withdrawal is allowed with a penalty |
Smart Saver Deposit Scheme | Core deposits linked to savings accounts of individuals and HUFs and current accounts of Limited Companies, Associations, Clubs, Trusts, and Societies Amount: Core Deposit of Rs. 25000 and above Tenure: Core Deposit:1 year to 10 years and Linked Deposit: 1 year to 180 days The balance in the savings/current account beyond a threshold limit will be invested in the Smart Saver Deposit Scheme   |
Recurring Deposit Scheme | Monthly Instalment: Rs. 50 and above Tenure: 6 months to 10 years Loan facility available |
Tax Saver Deposit Scheme | To claim tax exemption under Section 80C of the Income Tax Act 1961 Amount: Maximum deposit amount Rs. 1.50 lacs Tenure: 5 years |
The other Jammu & Kashmir Deposit Schemes are:
Mehandi Deposit Scheme | Monthly Yield Deposit Scheme |
Child-care Deposit Scheme | Depositor’s Pension Scheme |
Cash Certificate Scheme | Flexi Recurring Deposit Scheme |
Ladli Deposit Scheme | Daily Deposit Scheme |
Special Bachat Deposit Scheme | NRE Fixed Deposit |
NRO Fixed Deposit | FCNR Deposits |
Jammu & Kashmir Bank Banking Services
Jammu & Kashmir Bank provides several banking services for the convenience in banking operations to its customers. Some of them are:
Jammu & Kashmir Net Banking and Mobile Banking: For easy and hassle-free banking transactions from anywhere and anytime, the bank provides e-banking and m-banking services which are accessible round-the-clock.
SMS Alerts: SMS alerts for debit and credit transactions in your account, Loan EMI alerts, account balance, stop payment, etc., will be provided to keep you updated about your account.
Missed Call Service: Give a missed call to 18001800234 and get your account balance via SMS.
Jammu & Kashmir Bank Customer Care
You can contact the Jammu & Kashmir Bank Customer Care for various services by calling-
- The toll-free Jammu & Kashmir Bank Customer Care Number 1800 890 222 for queries regarding E-banking/ Mobile Banking, and debit/credit cards
- You can also call the Jammu & Kashmir Customer Care Number 0194 2482463 or 2482464 for debit/credit card queries
- The Jammu & Kashmir Customer Care Number +91 194 2502674 for NEFT queries
Jammu & Kashmir Bank FAQ’s:-
Yes. You can open a Jammu & Kashmir Savings Account by submitting the online application form available on the bank’s official website.
The number of cheque leaves provided in a year depends on the type of account you hold.
The minimum average monthly balance stipulated for a General Savings Account is Rs. 1000.
The charges collected are Rs. 75 for every Rs. 100 shortfall.
The AMB for a basic current account is fixed at Rs. 5000/-.