J&K Bank Special Bachat Deposit Scheme: Check Eligibility, Documentation And More.

J&K Bank Special Bachat Deposit Scheme: Check Eligibility, Documentation And More.

J & K BANK SPECIAL BACHAT DEPOSIT SCHEME

Savings Bank Account with Smart Saver Deposit facility for higher rate of interest and instant liquidity facility.

ELIGIBILITY

1.Resident Individuals (sole or joint account)

2.Hindu Undivided Families.

FEATURES & BENEFITS

1.Free cash withdrawals over the counter: 30 withdrawals per half year.

2.Free accidental death insurance cover of Rs.2.00 lacs. (in case of joint accounts, insurance cover for first depositor only)

3.International Gold Debit Card with withdrawal limit of Rs. 1.00 lacs per day and shopping limit of Rs. 1.50 lacs per day.

4.Special discount in charges on cash deposit at Base and Non-Base Business Units.

5.Free e-banking / m-banking facility.

6.Interest is calculated on the daily product basis and compounded quarterly.

7.25 Cheque leaves free per annum.

8.Nomination facility available.

9.Minimum AMB of Rs. 10000/=

DOCUMENTATION

1.Application Form duly filled in.

2.Photograph of depositor/s (2 copies)

3.Officially Valid Documents as per KYC Norms

4.PAN Card or Form 60 or 61 Any other related document applicable to Minors, etc.

FAQS

Who can open a Special Bachat Deposit account with J&K Bank?

1.Special Bachat Deposit account can be opened by individuals, either singly or jointly, Parents/ Guardians on behalf of minors.

What is the minimum Average Monthly Balance required to be maintained?

1.Minimum AMB of Rs. 10000/-.

What are the benefits of the Special Bachat Deposit Scheme?

You can avail the following benefits:

1.Free cash withdrawals over the counter: 30 withdrawals per half year.

2.Free accidental death insurance cover of Rs.2.00 lacs.

3.International Gold Debit Card with withdrawal limit of Rs. 1.00 lacs per day and shopping limit of Rs. 1.50 lacs per day.

4.Special discount in charges on cash deposit at Base and Non-Base Business Units.

5.Free e-banking / m-banking facility.

 

 

 

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