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  • Anywhere Banking Power to Access to your accounts across our
    branch network.
    The facilities include Cash Deposit/Withdrawal
    and transfer.
    Outstation Cheque collection.
  • Internet Banking Access/view of accounts
    Transfer of Funds
    Utility bill payments.
    Funds Transfer
    Available for both Retail and Corporate users.
    Statement of Accounts.
    Funds Transfer.
  • ATM Services A network of ATMs deployed across the country.
    Accepting Maestro / Cirrus / Mastercard / VISA / NFS atm / debit / credit cards.
    24x7 Support - ATM Helpdesk
  • Debit Cards - Global Access Card Pin Based -Maestro / Cirrus Debit Card
    Provides online access to savings or current account.
    Accepted at all Domestic as Well as International MasterCard,Maestro,CirrusEnabled ATM's and Point Of Sale locations.
  • Depository Services Dematerialization
    Stock Broking through INVESTMART an initiative of ILFS.
    Depository Participant of NSDL and CDSL.
    Market transaction
    and more...
  • Cash Management Service Real Time Gross Settlement (RTGS)
    National Electronic Fund Transfer (NEFT).
 


 
Cash Management Service

  Real Time Gross Settlement (RTGS)
  J&K bank offers Real Time Gross Settlement (RTGS) payments and collections as a speedy, convenient, cost-efficient and secure method to move large value funds across the country. This offering is based on Reserve Bank of India's (RBI) RTGS payment system.

  Features
  • RTGS is applicable for payouts in excess of 200,000

  • Smooth, safe and fastest mode of transferring money across the banks in India

  • RBI's RTGS guidelines require the beneficiary bank to credit the beneficiary's account or return the funds, within a maximum time of 2 hours

  • RTGS is an effective collections mechanism as funds from across the country can be collected & credited to your account on the same day

  • An efficient mechanism for outstation payments and collections. Payments can be made to or received from across the country on a same-day basis

  • Efficient working capital management by enabling negotiation of better terms with suppliers & by facilitating speedy collection of funds

  • Simplifies account reconciliation due to predictability of funds flow

  • Savings of time and cost involved in physical dispatch of cheques to beneficiaries, deposits of cheques by beneficiaries with their banks & clearing of these cheques

  • Reduced chances of frauds typically associated with paper-based payments

  • The RTGS cut-off timing for the customer and interbank transactions are as under :

  Days Customer Transaction Interbank Transaction
  Monday-Saturday 8:00 to 16:15 hours 8:00 to 19:30 hours
  • Except 2nd and 4th Saturday
  • The Charges for customer payments are as:

  • Settlement time at RBI

    Transaction Slab

    Charges

    Time varying tariff (TVT)

    ST on charges (J&K)

    @ 12.60%

    ST on TVT (all over India) @ 14.50%

    ST on charges (out of J&K)

    Max customer charges exclusive of ST

    Max

    Customer

    charges

    (J&K)

    Max

    customer charges (outside J&K)

    From

    To

    800 Hrs

    1100 Hrs

    2 to 5 Lakh

    25

    0

    3.15

    0

    3.63

    25

    28.15

    28.63

    above 5 Lakh

    50

    0

    6.3

    0

    7.25

    50

    56.30

    57.25

    1100 Hrs

    1300 Hrs

    2 to 5 Lakh

    25

    2

    3.15

    0.29

    3.63

    27

    30.44

    30.92

    above 5 Lakh

    50

    2

    6.3

    0.29

    7.25

    52

    58.59

    59.54

    1300 Hrs 

    1630 Hrs

    2 to 5 Lakh

    25

    5

    3.15

    0.725

    3.63

    30

    33.88

    34.35

    above 5 Lakh

    50

    5

    6.3

    0.725

    7.25

    55

    62.03

    62.98

    After 1630 Hrs

    2 to 5 Lakh

    20

    10

    2.52

    1.45

    2.90

    30

    33.97

    34.35

    above 5 Lakh

    45

    10

    5.67

    1.45

    6.53

    55

    62.12

    62.98

     


      National Electronic Fund Transfer (NEFT)
      J&K Bank offers National Electronic Fund Transfer (NEFT) payments as a speedy, convenient, cost-efficient and secure mechanism to move funds across the country. This offering is based on RBI's NEFT system.

      Features
    • RBI's NEFT guidelines mandate the beneficiary bank to credit the beneficiary's account or return the funds, within the same day for transactions processed before a stipulated cut-off time
    • Smooth, safe and fastest mode of transferring money across the banks in India

    • There is no floor or cap on the amount of transfer in NEFT, means you can transfer from an amount as small as one rupee to any amount

    • NEFT is an effective collections mechanism as funds from across the country can be collected & credited to your account on the same day

    • Efficient mechanism for outstation payments and collections. Payments can be made to or received from across the country on a same-day basis

    • Over 1,00,000+ bank branches participate in NEFT (as on Feb 2014)

    • Efficient working capital management by enabling negotiation of better terms with suppliers and by facilitating speedy collection of funds

    • Simplifies account reconciliation due to predictability of fund flow

    • Savings of time and cost involved in physical dispatch of cheques to beneficiaries, deposits of cheques by beneficiaries with their banks & clearing of these cheques

    • Reduces chances of frauds typically associated with paper-based payments



    •   The NEFT cut-off timings are as under : 
     

    Days

    NEFT Transaction Hours

     

    Monday-Saturday

    8:00 hours to 18:30 hours

    • Except 2nd and 4th Saturday
    • NEFT transactions are settled in batches based on the following timings:

      • 12 settlements per day on working days - at 08:00, 09:00, 10:00, 11:00, 12:00, 13:00, 14:00, 15:00, 16:00, 17:00, 18:00 and 19:00 hrs.

    • The Charges for customer payments are as:

       

      Up to   10,000/-

      2.50 +S.tax

      Above 10,000/- to 1 lakh

       5 +S.tax

      Above  1 lakh up to 2 lakh

       15 +S.tax

      Above  2 lakh

       25 +S.tax


      RTGS/NEFT enabled Branches

      Details of J&K Bank CFC Details of J&K Bank CFC is as:

    NEFT Back Office Operations,
    Ground Floor, J&K Bank,
    Corporate Head Quarters,
    M A Road, Srinagar J&K 190001
    EPBAX Numbers: (+91- 0194) 2481930-2481935 Ext 1045, 1046
    Direct: +91-8803001937
    Email: NEFTServices@jkbmail.com; neft@jkbmail.com


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