Recharge
Pay Bills
Fee Collections
Pay Taxes
Net Banking
- Monthly Installment Rs. 50/- and above in multiples of Rs. 5/-.
- Tenure 6 Months to 10 years.
- Interest rate Fixed.
- Interest application Quarterly compounded interest.
- Interest payouts On maturity
- Premature withdrawal Allowed with penalty.
- Loan Facility Available upto 90% of Deposit and interest accumulated.
- A person in his/her name.
- More than one person in their joint names.
- Minor through parents/guardian.
- Sole Proprietorship firms, Partnership firms
- Private and Public Limited Companies
- HUFs
- Associations, Clubs, Societies, Trusts etc
- 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, Partnership Firms, Companies, HUF,s etc
- What is the eligibility for opening an account under Recurring Deposit Scheme
of J&K Bank?
Recurring Depositaccounts 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 minimum monthly installment required to be deposited?
You are required to deposit a monthly installment of Rs. 50/- and above in multiples of Rs. 5/-. - What are the tenures for which the accounts can be opened?
You can open an account for any tenure ranging from 6 months to 10 years. - Is interest under this scheme applied on Simple or Compound basis?
Interest compounded quarterly is provided under this scheme. - Can I withdraw my deposit prematurely?
Yes, but penal interest, as applicable, shall be charged on such pre-mature withdrawals.
