About Jammu and Kashmir Bank
Jammu and Kashmir bank was formed in the year 1938 in the state under the issued letter patent by the Maharaja Hari Singh. It is one of the first banks in the state which was one of its kind. It was kind of the Semi- government bank. The bank was formed before the independence and has suffered a huge loss during the period of partition It suffered huge financial loss as two of the ten branches were situated on the opposite side of the line of control. The branches had all the cash and other assets that were lost. The bank effectively recovered the loss. Later a per the extension of the central law to the state, it was considered as the government property.
The aim to open the branch in the state was to provide the financial option to the people of the state. Later it extended its branches in the other parts of the country. I t has the total of 865 branches all over India. The bank has now opened the branches in all over India and tries to provide the international quality products to the people of the country. The bank wants to capitalize on the growth and catalyze the economic transformation. The main objective of the bank is to become the super specialist bank for its customer.
Address of Jammu and Kashmir Bank Branches in Jammu
| Branch Name | Address | IFSC Code | MICR | Contact Details |
|---|---|---|---|---|
| Akhnoor , Main Bazar | The Jammu And Kashmir Bank Ltd, Main Bazar Akhnoor; Jammu. | JAKA0AKHNOR | 180051064 | 01924-252237 |
| Amphala | 49 Main Chowk Amphalla Jammu | JAKA0AMPHLA | 180051040 | 0191-2564071 |
| Bakshi Nagar | Bakshi Nagar Jammu 180001 | JAKA0BAKSHI | 180051004 | 0191-2583180 |
| Bantalan | Barnai Road Bantalab Jammu 181123 | JAKA0BANTAL | 180051037 | 0191-2596085 |
| Nai Basti | Nai Basti Jammu 180003 | JAKA0BASTEE | 180051017 | 0191-2459995 |
| Bishna Main Bazar, Jammu | Bishna Main Bazar | JAKA0BISHNA | 180051029 | 1923236048 |
| Canal Road | Canal Road Jammu 180012 | JAKA0CAMPUS | 180051027 | 0191-2565590 |
| New Univ. Campus | New University Campus Jammu 180004 | JAKA0CANAAL | 180051018 | 0191-2458663 |
| Chowk Chabutra | Chowk Chabutra Jammu 180001 | JAKA0CHBTRA | 180051006 | 0191-1543457 |
| Fruit Complex Narwal | Fruit Complex Narwal Jammu 180006 | JAKA0CHERRY | 180051007 | 01912476282/01912490041 |
| Bari Brahmana Jammu | The Jammu And Kashmir Bank Ltd.bari Brahmana; Jammu. | JAKA0CHOOSE | 180051003 | 01923-220245 |
| T. P. Akhnoor, Jammu | T P Akhnoor | JAKA0EAKNOR | 180051064 | 19242452796 |
| Arnia, Jammu | Arnia | JAKA0EARNIA | 180051068 | 1923272712 |
| Ascoms Batra Hospital, Jammu | The Jammu And Kashmir Bank Ltd, Ascoms Batra Hospital, Jammu. | JAKA0EBATRA | 180051046 | 0191-2662603/ 2662536 |
| Shastri Nagar | T P Shastri Nagar 371 - 372 Shastri Nagar Jammu | JAKA0EGANDI | 180051044 | 0191-2435691 |
| GOVT. College Of Eng, Jammu | Old University Campus, Canal Road Jammu | JAKA0EGCENG | 180051027 | 0191-2565590 |
| District Police Line | District Police Lines Gandhi Nagar Jammu | JAKA0ELINES | 180051018 | 0191-2452796 |
| S.M.G.S Jammu | THE Jammu And Kashmir Bank Ltd, S.M.G.S Jammu; | JAKA0EMCJAM | 180051041 | 0191-2566502 |
| NSM College Of Edu , Jammu | NSM College Of Education, Jammu | JAKA0ENSMCE | 180051043 | 0191-2503740 |
| Rail Head Complex | Rail Head Complex Panama Chowk Jammu | JAKA0ERAILH | 180051051 | 0191-2470778 |
| IC Bari Brahmana | Industrial Complex Bari Brahmana, Samba; Jammu - 181133 | JAKA0ESTATE | 180051038 | 01923-220362 |
| Gandhi Nagar | Gandhi Nagar Jammu 180004 | JAKA0GANDHI | 180051008 | 0191-2432401 |
| Greater Kalash Jammu | Greater Kailash, Kunjwani Fountain Chowk Jammu - 180010 | JAKA0GKJAMU | 180051047 | 0191-2480314 |
| Gujjar Nagar Jammu | The Jammu And Kashmir Bank Ltd, Gujjar Nagr; Jammu. | JAKA0GNGJAM | 180051031 | 0191-2564641 |
| Gangyal | Gangyal Jammu 180010 | JAKA0GNGYAL | 180051009 | 0191-2480119 |
| Gujjar Charitable Trust Jammu | The Jammu And Kashmir Bank Ltd Gujjar Charitable Trust; Jammu | JAKA0GUJCCJ | 180051055 | 0191-2460641 |
| Upper Gumat | Upper Gumat Jammu 180001 | JAKA0GUMMAT | 180051028 | 0191-2579643 |
| High Court Complex | J&K High Court Janipur Jammu | JAKA0HCCJAM | 180051032 | 0191-2530490 |
| Katra Main, Jammu | Katra Main | JAKA0KATTRA | 182051201 | 1991232067 |
| Kachi Chawni | Kachi Chawni Jammu 180001 | JAKA0KCHJAM | 180051034 | 0191-2561625 |
Products Offered by Jammu and Kashmir Bank in Jaipur
Jammu and Kashmir offers a wide array of banking products and services that give the option to the customer to choose and fulfill the financial obligation or needs. The banking products include the home loan, personal loan, loan against property, car loan, and education loan. It also provides other services that help- the customer in increasing the savings like the mutual funds, deposits, and Insurance. The financial products help the customer with overall financial growth.
Basic details about Jammu and Kashmir products
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Personal loan | The applicant should be at least 21 years of age at the time of application and the maximum age should be at least 60 years at the time of loan maturity. The minimum net annual income of the applicant should be ₹ 3,00,000 per annum. The minimum work experience should at least be 2 years. The applicant should have the minimum of 1year work experience with the current organization. 1 year relationship with the bank. | ₹1.50 lakh | 12.20% - 13.20% | 1% of the loan amount + service tax (as applicable) | 36 months |
| Home loan | The applicant should be at least 18 years of age at the time of application and the maximum age should be at least 70 years at the time of loan maturity. The applicant should be salaried individual working in the state or central government,PSU’s, reputed companies, self- employed, professional, businessman,and retired individual of state/central government or Public sector undertaking. The applicant can be the person engaged in the agricultural and allied activities. The minimum work experience should at least be 3 years of service for the salaried individual and for the self- employed minimum 3 years of service in the current business or profession. | For construction- Up to 36 times of the net salary. For purchase of land- Maximum up to ₹ 50 lakh or 60% of the total cost of the land whichever is less. For repairs & renovations - Up to ₹ 25 lacs | 9.10% Onwards | 0.25% of the loan amount | 30 years |
| Education loan | The student should be the resident of India. Should have secured the admission through entrance exam/ merit based selection. The student should have the guarantor/ collateral. | For India:₹ 10 lakh For abroad: ₹ 20 lakh | 10.40% - 11.65% | Nil | Moratorium: course period + 1 year 0r 6 months after getting the job. Up to the period of 15 years after moratorium period. |
| Car loan | The applicant should be at least 21 years of age at the time of application and the maximum age should be at least 60 years at the time of loan maturity. The minimum net annual income of the applicantshould be ₹ 3,00,000 per annum for salaried The minimum net annual income should be ₹ 4,00,000 for the professional and person active in agricultural and allied activities. For others the minimum annual net income should be ₹ 5,00,000 The applicant should have at least 1 year of work experience at the current employment. | 36 times of the net monthly salary or 3 times net annual income. For contract private employee and retired pensioners- 24 times of the monthly salary or 2 times net annual income | 7.85% Onwards | 0.50% of the loan amount | 84 months |
| Loan Against Property | Eligible Segments - Individuals, professionals, reputed firms and companies, closely held public limited company. Should be of age between 21- 70 years Any individual earning the minimum net income of ₹ 1 lakh. | Up to 3 times the net annual income Minimum amount of ₹1 lakh and maximum Up to ₹1 crore | 11.90%- 12.40% | Nil | Up to 84 months |
| Fixed deposit | Below mentioned individual or group are eligible for a fixed deposit The applicant should be the resident of India. Hindu undivided family Sole proprietorship firms Partnership firm limited companies trust accounts. | 3.00% - 5.80% | Nil | 7 days to 10 years |
Documents Required
The documents required for the Jammu and Kashmir Bank Jammu are mentioned in the table below:
| Products | Documents Required |
|---|---|
| Personal loan | Proof of ID – Passport/ Voter ID/ PAN Card. Proof of age – Birth certificate/ passport Proof of residence – Passport/ Utility bill/ Allotment letter. Proof of income – Latest Salary slip/ ITR/ form- 16 Proof of Signature verification- Passport/ PAN Card. Bank statement – Last 3 months bank statement/ last 6 months bank passbook. |
| Home loan | Documents of the applicant and guarantor- Proof of ID – Passport/ Voter ID/ PAN Card. Proof of age – Birth certificate/ passport Proof of residence – Passport/ Utility bill/ Allotment letter. Proof of income – Latest Salary slip/ ITR/ form- 16 Proof of Signature verification- Passport/ PAN Card. Bank statement – Last 3 months bank statement/ last 6 months bank passbook. Detailed information about the other loan if you are currently paying along with lenders information and security mortgage. Property Documents- Agreement sale copy. Certificate of possession. Land tax receipt. Detailed cost of construction. Letter of allotment Original NOC. |
| Car loan | Proof of ID – Passport/ Voter ID/ PAN Card. Proof of age – Birth certificate/ passport Proof of residence – Passport/ Utility bill/ Allotment letter. Proof of income – Latest Salary slip/ ITR/ form- 16 Bank statement – Last 3 months bank statement/ last 6 months bank passbook. |
| Education loan | Duly filled application with recent photographs. Proof of residence – Passport/ Utility bill/ Allotment letter. Date of Birth proof Certificate of Domicile Fee particulars from school/ college Scholarship proof Study Certificate |
| Loan Against Property | Duly filled Loan Application with passport size photographs - 2 copies each Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Income proof of the applicant and guarantor Income Tax Assessment Order / IT Returns Last 3 years income tax returns and complete business profile. Bank Statement- Last 6 months bank statement, Last 3 years Profit/ loss and Balance sheet ( for self- employed professionals) Processing Fee cheque Property related documents: All the title related documents along with approved sanctions/ building plans. |
| Fixed deposit | The documents required by the individual, Hindu undivided family, and sole proprietorship at the time of applying for the fixed deposit are A coloured photograph Passport/ Driving License Last six months bank account details Documents required from the trust, association/ clubs for the fixed deposit are as follow Photographs of the member operating the account. A Copy of the Trust Deed/ Bye- laws of the association. A Copy of registration certificate. A Copy of the resolution of trustee authorizing the member to operate and open the accounts. |
