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Product Details
Bank Name
Jammu & Kashmir Bank Ltd.
Account Name
J&K Bank Basic Savings Bank Deposit Account
Account Type
Saving
Interest Rate
2.90%
Free Debit Card
Yes
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76.5
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
Free Debit card
NEFT Charges
Free through Net Banking
IMPS Charges
No Mention
Fees and Charges
J&K Bank Basic Savings Bank Deposit Account
Special Features
No minimum AMB required
Initial deposit of Rs 50/- or above
20 Cheque leaves free per year
Maximum four withdrawals allowed
"Basic Savings Bank Deposit Account" holders cannot open other savings bank deposit accounts.
Eligibility Criteria
Unemployed Youth, Students, Housewives, Small Shopkeepers, Vendors, Artisans etc.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
No AMB
Free Debit Card
Initial deposit- Rs. 50
Cons
Low interest rate of 2.90%
No mention of IMPS charges
"Basic Savings Bank Deposit Account" holders cannot open other savings bank deposit accounts.
J&K Bank Basic Savings Bank Deposit Account
The account comes with low interest rate and offers minimal value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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