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Jammu and Kashmir Bank

Jammu and Kashmir Bank

Jammu and Kashmir Bank was incorporated on 1st October, 1938 and business commenced from 4th July, 1939. It was the first state owned bank in the country. According to the extended central laws of the state, Jammu and Kashmir Bank was defined as a govt. company as per the provision of Indian Companies Act 1956. In 1971, the bank was stated as a scheduled bank. It carries out banking businesses of the Central Government. It offers world class banking facilities to the customer through availability, multi-channel banking and cost efficiency through optimal use of electronic channels, wider market reach and opportunities for cross-selling. .

The Jammu and Kashmir Bank has more than 500 branches across the country and has recently become a billion dollar company. It even offers RTGS and NEFT payment services to its customers. The Bank has been playing an important role in the promotion of tourism and it is in this view the bank sets up registration offices for tourists for the Shree Amarnathji Yatra at its branches across the country. In addition to this, accidental insurance cover facility of Bajaj Allianz General Insurance Co. Ltd. to the pilgrims at a nominal premium is made available to the yatris. During the yatra, the bank establishes mobile branches even at the holy cave.

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