• Deposit Amount                 Rs. 1000/- and above.
  • Tenure                                   6 months to 10 years.
  • Interest rate                        Fixed.
  • Interest application             Quarterly Compounding basis.
  • Interest payouts                 On maturity.
  • Add-ons                               Loan facility up to 90% of amount deposited plus interest accrued.
  • Premature withdrawal       Allowed with penalty.
  • A person in his/her name.
  • More than one person in their joint names.
  • Minor through parents/guardian.
  • Sole Proprietorship concerns , 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 Cash Certificate Scheme of J&K Bank?
Cash Certificate accounts 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 amount required for opening an account under the Cash Certificate Scheme?You can open an account under this scheme with an amount of Rs 1000 and in multiples of Re 1 thereafter.

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.

Is loan facility available against the deposit amount?
Loan facility up to a maximum of 90% of amount deposited plus interest accrued is available.

Can I withdraw my deposit prematurely?
Yes, but penal interest, as applicable, shall be charged on such pre-mature withdrawals.