Jammu and Kashmir Bank Ltd. (J&KBANK)

Overview

The Jammu and Kashmir Bank Limited is a comprehensive provider of banking products and services, with a history dating back to its inception in 1938. Based in Srinagar, India, the bank has carved out a significant niche in the financial sector through its diversified operations spanning Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business segments. The bank's extensive array of financial solutions caters to a wide spectrum of customer needs, making it a pivotal entity in the banking landscape of the region it serves.

Products and Services

Savings and Term Deposit Accounts - Offers a variety of accounts such as savings, current, salary, pension, and small accounts, alongside term deposits, catering to the needs for secure and profitable savings options.

Loan Products - Provides a broad range of loans including housing, consumer, education, term, car, coaching fee, personal consumption, skill loans, festival advances, and loans for purchasing laptops/PCs, smartphones, and more. Specifically designed to meet the diverse financial needs of its customers, whether for education, personal use, or business investment.

Finance Services - Offers specialized financing services for various purposes such as solar equipment, two-wheelers, commercial vehicles, school buses, and craftsmen among others. These services are designed to support the growth and development of different segments of the economy, from small businesses to the education sector and renewable energy initiatives.

Mortgage and Loan Schemes - Includes mortgage loans for the trade and service sector, loans against mortgage of immovable property, fair price shop schemes, start-up financing services, and more, providing flexible options for leveraging real estate for financial needs.

Agricultural Support Services - Offers a range of products designed to support the agricultural sector, including agro-term loans, fruit advances schemes, Giri finance schemes, debt swap schemes for farmers, and mortgage loan schemes for agricultural produce traders, aimed at boosting productivity and sustainability in agriculture.

Government Sponsored Schemes - Implements various government-sponsored schemes, providing financial support and incentives in alignment with governmental objectives for economic development and social welfare.

Insurance Products - Offers life and non-life insurance products, catering to the need for financial security against unforeseen circumstances, ensuring peace of mind for its customers.

Card Services - Provides a comprehensive suite of card services including debit, credit, and prepaid cards, alongside merchant acquiring services, facilitating convenient and secure transactions for both customers and businesses.