Jammu and Kashmir Bank

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Jammu and Kashmir Bank

J and K Grameen Bank

Jammu and Kashmir Bank is a Scheduled Commercial Bank founded on October 1, 1938. with its headquarters in Srinagar, Jammu and Kashmir, India. It is one of the oldest banks in India.

Jammu and Kashmir Bank Offerings

  • Loans
  • Saving account
  • Current account
  • Term deposit
  • Cards
  • Insurance

Jammu and Kashmir Loans Offered

  • Housing Loan
  • Consumer Loan 
  • Saholiat/Saral Finance
  • Laptop/PC Finance
  • Festival advance scheme
  • Education loan scheme
  • Term loan for B.Ed / M.Ed. Courses
  • Smartphone Finance
  • Budshah School Education Loan
  • Modular kitchen finance
  • Car loan Scheme
  • Car loan for used Cars
  • Two-wheeler finance
  • Coaching fees loan Scheme
  • Skill Loan Scheme
  • Cash Credit Scheme
  • Loan against Gold
  • Solar Equipment Finance
  • Commercial vehicles finance
  • Commercial vehicles finance (used cars)
  • School Bus Finance
  • Passenger Bus/mini-bus Finance
  • Dastkar Finance
  • Khatam and Craftsmen Finance
  • Help Tourism (For Kashmir valley only)
  • Commercial Premises Finance
  • Establishment of Mini Sheep Farms in Private Sector
  • Contractor Finance
  • Construction Equipment Finance
  • Saral Finance to small Businessmen
  • J&k Bank Karobar Card
  • Mortgage loan for Trade and service sector
  • Loan against mortgage of immovable property
  • Fair price Shop Scheme
  • Startups Finance
  • Guaranteed Emergency Credit Line
  • Credit Guarantee Scheme for Subordinate Debt  
  • All-purpose agroterm loan
  • Fruit advances scheme(Apple)
  • Giri Finance Scheme
  • Debt Swap Scheme for farmers
  • Mortgage loan scheme for traders of agriculture produce

Jammu and Kashmir Bank Gold Loan


Gold Loan Interest Rate 7% per annum
Gold Loan Rate Per Gram Rate Per Gram is ₹ 3,506 to ₹ 4,621
Processing Fee 1.0% of the Principal Loan Amount
Maximum Loan Amount Up to Rs. 1 Crore
Minimum Loan Amount 75%  LTV
Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Repayment Tenure of gold loan Up to 36 Months
Gold loan Repayment Scheme Name Bullet Payment Scheme, Overdraft Scheme


  • The Jammu and Kashmir Bank Loan Against Gold Ornaments is intended for borrowers who want to meet their financial needs by pledging gold jewellery or specially minted gold coins sold by any bank.
  • Because it is a secured loan, borrowers can use it to consolidate their debts by paying off high-interest credit card debts and loans.
  • Women borrowers receive an additional discount from the bank.
  • The bank’s maximum loan amount under this loan scheme is Rs. 15 lakh.
  • If gold coins secure the loan, the amount is limited to 50 grammes per borrower.
  • The interest rate on this loan is as low as 9.50% as of October 2020.
  • This loan has a repayment period of 6 to 12 months.

Jammu and Kashmir Bank Personal Loan

Personal loans are available from Jammu and Kashmir Bank for various purposes, with interest rates starting at 10.25 %. The maximum repayment period varies by the scheme, with 84 months being the whole tenure and the max. The loan amount is Rs.20 lakh.

Documents Required

For salaried candidates:

  • ID Proof in the form of a legitimate passport or PAN card, or any other valid government ID 
  • Address Proof in the kind of a telephone bill, Aadhaar Card, or electricity bill, or any other valid proof that the bank accepts
  • Salary slips from the last six months, Form 16s from the previous three years, a letter from your employer, and Income Tax Returns from the previous three years are all acceptable forms of proof of income.
  • PAN Card and two passport-sized photos
  • Any additional documents which may be required by the bank for further details.

For non-salaried applicants:

  • ID Proof in the application of a valid passport or PAN card, or any other valid government ID 
  • Address Proof in the form of a phone bill, Aadhaar Card, or electricity bill, or any other valid proof acceptable to the bank
  • Income proof in the form of three years’ worth of income tax returns PAN Card Two passport-sized photographs.
  • Any further documents that the bank may require

Jammu and Kashmir Bank Car loan

A car loan is a money borrowed from a public or private bank to buy a car of the borrower’s choice. Some lenders may even lend up to 100% of the vehicle’s value. Moreover, the car loan can be repaid in EMIs over a flexible period. J&K bank also provides these fantastic features to its customers.

Car Loan for New Cars

Key Highlights

  • Flexible tenures of up to 7 years are available.
  • Financing of up to 90% of the vehicle’s total cost is available.
  • Attractive rates begin at RLLR + 0.75 % per annum.

Car Loan for Used Cars

Key Highlights

  • Flexible tenures begin at 12 months and go up from there.
  • There is no up-front fee.
  • Interest rate reduction for female applicants
  • There is no prepayment penalty.

Jammu and Kashmir Bank Home Loan

Housing loans with low-interest rates are available from the Jammu and Kashmir Bank. Loans are available at interest rates beginning at 7.30%. The processing fee is 0.25% of the loan amount plus GST if applicable. The repayment period is 30 years for salaried customers and 20 years for all other customers.

Key Highlights:

  • A term loan is available for the construction/purchase of a house/flat, with the option of additional financing for renovations.
  • Financing amounts of up to 75% are available. The margin ranges between 10% and 25%.
  • A moratorium of up to 12 months is provided. Applicants from J&K must wait 12 months, while applicants from other states must wait 9 months (to construct a house).

Jammu and Kashmir Bank Credit card

Jammu and Kashmir Bank Credit Card Eligibility

  • Cardholders should be in the age bracket of 18 years to 70 years.
  • Should have a fixed monthly income.
  • Should have a good CIBIL credit score.
  • The primary Cardholder should be between the ages of 21 and 65. Add-on Cardholders must be at least 15 years old.
  • Net Income – Rs. 15 lakh and above per annum
  • Should be a resident of India

Documents Required

  • Photocopy of Pan Card OR Form 60 Most Recent Salary Slip, Form 16, Income Tax Return Copy as Income Proof
  • Passport, driver’s licence, ration card, and other forms of identification are acceptable as proof of residency.

Jammu and Kashmir Bank NetBanking

To register and use the netbanking banking facility of Jammu and Kashmir bank follow the simple steps listed as under:-

  1. Open the official website of J&K Gramin bank.
  2. Go to the netbanking page by clicking on the option displayed in the login section.
  3. You will see the option to ‘Click here to create a Netbanking account if you do not already have one.’ That is the option available to new users who want to open a new net banking account online.
  4. Now a screen like this will be displayed on your screen.

.Jammu and Kashmir Bank

  1. Fill the form with the required information.
  2. Now click on submit.
  3. You will then obtain an OTP (One Time Password) on your (RMN) registered mobile number.
  4. To authenticate your account, you must share your debit card details (card number, expiry date, ATM PIN) after successfully entering the OTP number.
  5. Finally, you can change the passwords for your login and transaction. The system will display your User ID at the end of this process. Make a secure note of it.

Jammu and Kashmir Bank Customer Care Number

18001800234 is the customer care provided by the J&K bank if you have any queries or problems.

Jammu and Kashmir Bank Customer Complaints

  •  What should I do if an unauthorised charge has been made to my account?

You should contact your bank and file a dispute, as this is an option available to all customers. This dispute can be resolved by visiting the bank in person, phone, or by e-mailing bank support.

  • Are ATM transactions charged to customers?

The RBI has mandated a minimum number of free ATM transactions. However, banks may increase the number of free transactions or charge fees for additional transactions at ATMs. For extra information, please visit the official site of the bank where you have your account.

  • Who is in charge of issuing debit cards?

Banks issue debit cards that are linked to a bank account. Banks typically issue credit cards. Banks or non-banks give prepaid cards or wallets in exchange for money paid in advance by the Cardholder and stored in such cards.

How to open a savings account in Jammu and Kashmir Bank

To open a savings bank account in the Jammu and Kashmir Bank, you need to follow the below-mentioned steps:

(1) Personally Visit Jammu and Kashmir Bank Branch

First, you will need to pay a visit to the bank branch in which you want to open your account.

(2) Filling out the Savings Account, Account Opening Form.

Now, get the form from there and fill in all the compulsory details of the customer’s information and other information in the separate sections given in the designated form like name, your residential address, contact number, e-mail id, PAN, type of account to be opened, name of the nominee, etc.

(3) Attachment of all required documents to the Account Opening Form

You must attach KYC documents such as your PAN, proof of address, and proof of identity after completing the account opening form (AOF).

Some banks require you to provide your permanent address and phone number.

(4) The verification process has begun now

The Account Opening Form(AOF) and any other documents submitted will be verified by the banker. If he is satisfied with these documents, he will proceed.

(5) Deposit the Minimum Balance Amount into your Savings Account in accordance with the requirements of your Savings Account.

You will be assigned an account number after verifying the banker’s Account Opening Form (AOF) and other documents. You will then be required to deposit the minimum required balance in your account, according to the account type of the savings bank account.

(6) Go to the bank and obtain the Cheque Book, Passbook, Debit Card, and any other documents required.

Once your account has been successfully opened, the banker will hand over the Cheque Book, Passbook, D-Card, and Other Documents to you, and you will be able to conduct transactions from your account.

How to open a current account in Jammu and Kashmir Bank 

If you require to initiate a current account in the Jammu and Kashmir Bank, you need to follow these simple below-mentioned steps:

(1) Go to a bank branch.

To do so, first, go to the bank branch where you want to open your account.

(2) Complete the Current Account Account Opening Form (AOF).

Get the Account Opening Form and fill in all of the necessary customer information and other information in the various sections provided in the form, such as name, address, contact number, e-mail id, PAN, type of account to be opened, nominee’s name, and so on.

(3) Include all required documents with the AOF.

After completing the account opening form(AOF), you must attach KYC documents based on the type of account you want to open, such as a savings account or a current account. These documents will also be influenced by your legal status, such as Individual, HUF, Proprietor, Partnership Firm, Company, Trust, and so on.

(4) Have your AOF and other documents signed by the banker.

The AOF and other attached documents will be verified by the banker. They will proceed if he meets these requirements.

(5) Make a deposit of the account’s minimum balance.

Following that, you will be assigned an account number and will be required to deposit the minimum required balance in your account.

(6) Go to the bank and get your cheque book, passbook, and other documents.

After that, the bank will successfully open your account, and the banker will hand over your Cheque Book, Passbook, and Other Documents, and you will be able to begin using your account.

Jammu and Kashmir Bank FAQ’s

✅ Is JK Bank is government or private?

Jammu and Kashmir Bank (J&K Bank) was established in 1938 as a Scheduled Commercial Bank and is one of India’s oldest private sector banks. The bank is headquartered in Srinagar and is listed on the NSE and the BSE.

✅ How can I check my JK bank account balance?

J&K Bank’s Missed Call Balance check number is 18001800234. When you miss a call, the phone will automatically disconnect, and an SMS with your bank account balance information will be sent to you.

✅ Is J&K bank under RBI?

According to the extended Central Laws of the State of Jammu and Kashmir, a bank is defined as a company’s government under the provisions of the Indian Companies Act of 1956. The bank was given the status of scheduled bank in 1971 by RBI. In 1976, the RBI designated it as an ‘A’ Class bank.