Product Details
Bank Name
Jammu & Kashmir Bank Ltd.
Account Name
J&K Bank General Savings account
Account Type
Saving
Interest Rate
2.90%
Free Debit Card
Yes
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Account Opening Fees
0
Annual Maintenance Fees
0 for balance above AMB otherwise- max Rs. 250 + GST/month
Minimum Account Balance
1000 with out cheque book
2000 with cheque book
Debit Card Charges
Free International Debit card
NEFT Charges
Free through Net Banking
IMPS Charges
No Mention
Fees and Charges
J&K Bank General Savings account
Special Features
AMB of Rs. 2000/ Free over-the-counter cash withdrawals: 30 per half-year International debit card with Rs 0.40 lac/day ATM withdrawal limit and Rs 1.00 lac/day PoS transaction limit 20 Cheque leaves free per year
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Low AMB- INR 2000.
Free 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
J&K Bank General Savings account
The account offers low interest rates and has minimum 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