Product Details
- Free cash withdrawals over the counter: 05 withdrawals per month
- Free accidental death insurance cover of Rs.2.00 lacs. (in case of joint accounts, insurance cover for first depositor only)
- Smart Saver Deposit facility for higher rate of interest with instant liquidity facility.
- Eligible for Platinum/ World debit card. No issuance charges for first card.
Daily Platinum Debit Card transaction limits:
Cash Withdrawal: Rs.75,000/ per day & POS / Merchant Usage: Rs.3,00,000/- per day. Plus 2 Airport longue access per quarter.
Daily World Debit Card transaction limits:
Cash Withdrawal: Rs.1, 00, 000/ per day & POS /Merchant Usage: Rs.5,00,000/- per day. Plus 4 Airport longue access per quarter. - Special discount in charges on cash deposit at Base and Non-Base Business Units.
- Free e-banking / m-banking facility.
- Interest is calculated on the daily product basis and compounded quarterly.
- 25 Cheque leaves free per annum.
- Nomination facility available.
- Minimum AMB of Rs. 10000/=
Eligibility
- Resident Individuals (sole or joint account)
- Hindu Undivided Families.
J & K Bank Special Bachat Deposit Scheme
- Savings Bank Account with Smart Saver Deposit facility for higher rate of interest and instant liquidity facility.
Documentation
- Application Form duly filled in.
- Photograph of depositor/s (2 copies)
- Officially Valid Documents as per KYC Norms
- 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?
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?
Minimum AMB of Rs. 10000/-.
- What are the benefits of the Special Bachat Deposit Scheme?
You can avail the following benefits:- Free cash withdrawals over the counter: 05 withdrawals per month
- Free accidental death insurance cover of Rs.2.00 lacs.
- Smart Saver Deposit facility for higher rate of interest with instant liquidity facility.
- Eligible for Platinum/ World debit card. No issuance charges for first card.
Daily Platinum Debit Card transaction limits:
Cash Withdrawal: Rs.75,000/ per day & POS / Merchant Usage: Rs.3,00,000/- per day. Plus 2 Airport longue access per quarter.
Daily World Debit Card transaction limits:
Cash Withdrawal: Rs.1, 00, 000/ per day & POS /Merchant Usage: Rs.5,00,000/- per day. Plus 4 Airport longue access per quarter. - Special discount in charges on cash deposit at Base and Non-Base Business Units.
- Free e-banking / m-banking facility.
