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Product Details
Bank Name
Jammu & Kashmir Bank Ltd.
Account Name
Deluxe Savings 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 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 Savings Account
Special Features
AMB of Rs. 5000/
Free over-the-counter cash withdrawals: 30 per half-year
International debit card with Rs 1.00 lac ATM withdrawal limit and Rs 1.50 lac PoS transaction limit
20 Cheque leaves free per year
Eligibility Criteria
Resident Individuals (sole or joint account)
Hindu Undivided Families.
Minors above the age of 10 years
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
International debit card
20 Cheque leaves free per year
Cons
Low interest rate of 2.90%
No mention of IMPS charges
High charges for not maintaining AMB
Deluxe Savings 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
Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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