13th December 2010
Srinagar
J&K Bank enhances Global debit card withdrawal limits<br><i>Parvez Ahmad inaugurates 328th ATM at Sakidafar</i>
Taking its service levels to a new high, J&K Bank today announced enhancement of limit for payments made through JK Bank Global Access Card at Point of Sale (PoS) machines up to Rs. One lac per day. Besides, cash withdrawal limit through these cards for Savings Bank accounts (Deluxe categories) has been enhanced up to Rs.50000/- per day.
The announcement to this effect was made by Parvez Ahmad, Bank's President and Secretary, soon after inaugurating the Bank's 328th ATM at Sakidafar here. Abdul Hamid Banday, Zonal Head Kashmir Central was also present on the occasion.
Elaborating on the transaction limit enhancements, Parvez said that the Bank, based on financial standing of its customers, has categorized its saving bank account holders into various categories. "While general salary, general savings and Current Account holders henceforth can make purchases through Global Access Card up to Rs.75000/- per day. Deluxe salary and deluxe saving account holders (whose quarterly balance is above Rs.5000/-) shall now be able to withdraw cash up to Rs.50000/- and can make purchases/ payments up to Rs.1.00 lac per day", Parvez informed the gathering to a grand applause.
In addition to this, he announced that the loan processing charges shall be waived off for all car loan customers who deposit margin money through PoS terminals, Linking the massive expansion of Bank's ATM network with steps towards enhanced customer convenience, Parvez Ahmad said that it was part of Bank's strategy to improve service levels and operating efficiency.
"J&K Bank ATMs, on an average, dispense Rs.20 crores through more than 70000 transactions per day," he said.
Meanwhile, Zonal Head, Kashmir (Central), Abdul Hamid Banday, on the occasion stated that it has been all along endeavor of the Bank to bring in technology driven services at the doorstep of people.
Locals expressed their gratitude for installation of this ATM. While appreciating Bank's various initiatives for economic uplift of people, they demanded a separate business unit for the area.
Elaborating on the transaction limit enhancements, Parvez said that the Bank, based on financial standing of its customers, has categorized its saving bank account holders into various categories. "While general salary, general savings and Current Account holders henceforth can make purchases through Global Access Card up to Rs.75000/- per day. Deluxe salary and deluxe saving account holders (whose quarterly balance is above Rs.5000/-) shall now be able to withdraw cash up to Rs.50000/- and can make purchases/ payments up to Rs.1.00 lac per day", Parvez informed the gathering to a grand applause.
In addition to this, he announced that the loan processing charges shall be waived off for all car loan customers who deposit margin money through PoS terminals, Linking the massive expansion of Bank's ATM network with steps towards enhanced customer convenience, Parvez Ahmad said that it was part of Bank's strategy to improve service levels and operating efficiency.
"J&K Bank ATMs, on an average, dispense Rs.20 crores through more than 70000 transactions per day," he said.
Meanwhile, Zonal Head, Kashmir (Central), Abdul Hamid Banday, on the occasion stated that it has been all along endeavor of the Bank to bring in technology driven services at the doorstep of people.
Locals expressed their gratitude for installation of this ATM. While appreciating Bank's various initiatives for economic uplift of people, they demanded a separate business unit for the area.