Recharge
Pay Bills
Fee Collections
Pay Taxes
Net Banking
- Monthly Deposit Amount Rs 25/- and multiples of Rs 25/-, Rs 50/- or Rs 100/-.
- Tenure 84, 105 or 111 months as recurring (Phase-I) and monthly payouts in Phase II as in case of Monthly Yield Deposit Scheme, as per the option of the customer.
- Interest rate Fixed.
- Interest calculation
- Quarterly Compounding basis for Phase I.
- Simple interest for phase-II.
- Interest payouts Monthly in Phase II
- Premature withdrawal Allowed with penalty.
- A person in his/her name.
- More than one person in their joint names.
- Minor through parents/guardian.
- Application Form
- Photograph of depositor/s (2 copies)
- Documents as per KYC Norms
- PAN Card or Form 60 or 61
- Any other related documents as applicable to Minors
- What is the eligibility for opening an account under Depositor’s Pension Scheme
of J&K Bank?
Depositor’s Pensionaccounts can be opened by individuals, either singly or jointly, Parents/ Guardians on behalf of minors, sole proprietorship firms, Partnership firms. Private and Public Limited Companies, HUFs, Associations, Societies, Trusts, etc. - What is the monthly installment required to be deposited under phase I of the Scheme?
You can deposit a fixed monthly installment of Rs Rs 25/- and its multiples - What are the tenures for which the accounts can be opened?
You can open an account for any tenure ranging from 84, 105 or 111 months as recurring (Phase-I) and monthly payouts in Phase II as in case of Monthly Yield Deposit Scheme, as per the option of the customer. - Is interest under this scheme applied on Simple or Compound basis?
Interest on Quarterly Compounding basis is applied on Phase I and Simple interest on phase-II.
(Conditions Apply)
