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Product Details
Bank Name
Jammu & Kashmir Bank Ltd.
Account Name
J&K Bank General Small Account
Account Type
Saving
Interest Rate
2.90%
Free Debit Card
No
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Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
50
Debit Card Charges
NEFT Charges
Free through Net Banking
IMPS Charges
No Mention
Fees and Charges
J&K Bank General Small Account
76.5
Special Features
AMB of Rs. 50/
Maximum balance shall be Rs 50,000/-
Maximum credits of Rs1,00,000/- in a year
Monthly withdrawals and transfers cannot exceed Rs 10,000
Cheque book facility for AQB RS.1000 or above for 6 months
4 monthly withdrawals permitted
Eligibility Criteria
Individuals including pensioners.
More than one person in their joint names.
Literate minors above 10 yrs of age
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Low Minimum Balance- Rs. 50
Less documents required
Cons
Maximum credits of just Rs1,00,000/- in a year
only 4 monthly withdrawals permitted
Cheque book facility for AQB RS.1000 or above for 6 months
No mention of IMPS charges
Low interest rate of 2.90%
J&K Bank General Small Account
The account offers low interest rate. The account comes with minimal value add benefits. The account has limited appeal overall.
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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