Product Details
Bank Name
Jammu & Kashmir Bank Ltd.
Account Name
Deluxe Salary Account
Account Type
Saving
Interest Rate
2.90%
Free Debit Card
Yes
_jfif.jpg)
Account Opening Fees
0
Annual Maintenance Fees
0 for balance above AMB otherwise- max Rs. 1250 + GST/month
Minimum Account Balance
5000
Debit Card Charges
Free International Debit card
NEFT Charges
Free through Net Banking
IMPS Charges
No Mention
Fees and Charges
Deluxe Salary Account
Special Features
AMB of Rs. 5000.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
AMB Temporary overdraft facility International debit card
AMB of Rs. 5000.
30 per half-year free over-the-counter cash withdrawals.
20 Cheque leaves free per year
Temporary overdraft facility equivalent to 50% of net salary subject to maximum of Rs. 20000/-(Maximum Period 1 month).
Cons
Low interest rate of 2.90% No mention of IMPS charges
J&K Bank Deluxe Salary Account
The account comes with low interest rate and offers average 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