General Small Account

• A variant of Saving Bank account opened with relaxed KYC norms to ensure financial inclusion and to strive for making banking services easily accessible to economically underprivileged sections of the society at an affordable cost.
• The accounts shall be permitted to be opened with ZERO balance. No AMB required.
• Maximum balance shall be Rs 50,000/-.
• Maximum credits of Rs1,00,000/- in a year.
• The aggregate of all withdrawals and transfers in a month shall not exceed Rs 10,000/-
• 4 withdrawals permissible per month including ATM withdrawals.
• Nomination facility available.

• Individuals above 18 years of age who do not have Officially Valid KYC Document.

• Application Form.
• Self-attested Photograph of depositor/s and affixation of signature or thumb print before the officer of the Bank who is authorized to approve opening of accounts.

Who can open a Small Account with J&K Bank?

Small accounts can be opened by Individuals above 18 years of age who do not have Officially Valid KYC Document

What is the minimum and maximum balance allowed under this scheme?

The accounts shall be permitted to be opened with ZERO balance, maximum balance allowed under the scheme is Rs 50,000 .

What are the maximum credits allowed in a year?

Maximum credits allowed in a year is Rs 1lac.

What are the aggregate withdrawals and transfers allowed in a month?

The aggregate of all withdrawals and transfers in a month shall not exceed Rs 10,000/-