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
Debit Card Charges
Free International Debit card
Annual Maintenance Fees
0 for balance above AMB otherwise- max Rs. 250 + GST/month
NEFT Charges
Free through Net Banking
Minimum Account Balance
1000 with out cheque book
2000 with cheque book
IMPS Charges
No Mention
Fees and Charges of
J&K Bank General Savings account
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 of
J&K Bank General Savings account
Pros & Cons of
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
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