JK Grameen Bank Savings Account

Tenure	Interest rates for general citizens	Interest rates for senior citizens
Seven days to 14 days	4.45	4.75
140 days- 200 days	4.75	4.75
1 – 2 years	4.35	4.75
3-4 years	4.4	4.75

J&K Grameen bank Savings Account

With J&K Grameen Bank savings accounts, customers can deposit money, keep it secure, and withdraw it while earning interest. It offers a savings account that is tailored to various customer groups and meets their needs. J&K Grameen Bank offers a high-end J&K Grameen Bank savings account, and small savings account for children under eighteen. The bank provides several services, including online and mobile banking, and many of its savings account products have no minimum balance requirements.

Features and Benefits of J&K Grameen Bank Savings Account

Some of the benefits of holding a J&K Grameen Bank savings account are as follows:

• Savings accounts at J&K Grameen Bank pay interest rates ranging from 3.00 percent to 3.50 percent.
• For metro Urban branches, a balance of Rs. 10,000 in a J&K Grameen Bank savings account is needed. 5,000 rupees in Indian rupees
• In Semi-Urban branches, a deposit of Rs. 2,500 is required, while in Rural branches, a deposit of Rs. 2,500 is required.
• The J&K Grameen Bank savings account can be transferred to any other branch without changing the account number.
• There are even a safe deposit box and a nomination facility.
• The J&K Grameen Bank savings account can be linked to a Multi Option Deposit account to earn higher term deposit interest on excess funds.
• It offers a variety of debit cards to meet the needs of its customers.
• J&K Grameen Bank provides services such as online banking and missed call banking. The mobile banking platform offers interbank mobile payment services (IMPS), utility bill transfers, mobile recharges, demand and statement requests, and checkbook requests.
• Passbook is a totally free service.

J&K Grameen Bank Savings Account Charges

Product	Minimum Balance	Interest Rate	Non-Balance Maintenance Charges
Savings Max Account	Rs. 25,000	3.00% – 3.50%	6 percent of the Maximum Shortfall in the AMB slab or Rs. 600 whichever is lower
Regular Savings Account	Rs. 10,000 for metro Urban branches Rs. 5,000 For Semi-Urban branches Rs. 2,500 for Rural branches is required to open a Savings Regular Account	3.00% – 3.50%	Rs. 150 to Rs. 600
Women’s Savings Account	Rs. 10,000 Metro Urban branches,Rs. 5,000 Semi Urban-Rural branches	3.00% – 3.50%	Rs. 150 to Rs. 600
Kids Advantage Account	Rs. 5,000	3.00% – 3.50%	Rs. 150 to Rs. 300
Senior Citizens Account	Rs. 5,000 Urban/ semi Urban	3.00% – 3.50%	Rs. 150 to Rs. 300
Family Savings Group Account	The combined Average Monthly Balance in all accounts should be Rs. 40,000	3.00% – 3.50%	6 percent of the maximum shortfall in the AMB slab or Rs. 600 whichever is lower
Basic Savings Bank Deposit Account	NIL	3.00% – 3.50%	None
Institutional Savings Account	NIL	3.00% – 3.50%	None
BSBDA Small Account	NIL	3.00% – 3.50%	None
Savings Farmers Account	Rs. 2,500	3.00% – 3.50%	Upto Rs. 900

J&K Grameen Bank Savings Account Products

Regular Savings Account

High-interest savings account that encourages good money management.

Among the characteristics are:

• For all of your banking needs, use Net Banking, BillPay, Phone Banking, and Mobile Banking.
• Without having to fill out some paperwork, you can open a bank account online.

Eligibility requirements:

• The person or joint accounts are available to Indian citizens.
• The Hindu Undivided Family is also qualified to apply for registration.
• Minors can open a self-operated account over the age of ten.
• Foreign nationals who have been in India for more than 180 days and have a valid passport, visa, FRRO Certificate, and Residential Permit are eligible to open an account.

Women’s Saving Account

This account gives you access to your bank 24 hours a day, seven days a week, making it easier to meet your daily banking needs.

Among the characteristics are:

• A ten-thousand-dollar personal injury death insurance policy is secure.
• Accidental Hospitalization Insurance with an Rs. 1 Lac Reimbursement Coverage
• An Auto Sweep account can be connected to a Multi Option Deposit MOD account for a certain cap to gain higher term deposit interest on surplus funds.
• Loans for automobiles and two-wheelers are accessible.

Eligibility requirements:

Only Indian women over the age of 18 have access to this account.

Kids Advantage Account

For independent women, all-in-one finance, investment, and lifestyle choice.

Among the characteristics are:

• One lakh rupees in free education insurance
• A one-year investment pool must be set up, with a $1,000 monthly transfer necessary.
• This account can be connected to a Multi Option Deposit MOD account to gain higher term deposit interest on surplus funds, subject to a minimum sum.

Eligibility requirements:

To open this account, the child must be under 18, and both parents must have a bank account.

Senior Citizens Account

Instill the habit of wise saving and spending in your minors so that they can open and maintain this account independently.

Among the characteristics are:

• Accidental Hospitalization A yearly cover of Rs. 50,000 is available.
• Fixed Deposits pay a higher rate of interest.
• Phone Banking, Net Banking, and Insta Alert are all free utilities.
• The service of e-statements is secure.
• Free PAP checkbooks are distributed. Outstation cheques issued by you for clearing can be treated as local cheques by any bank position with this facility.

Eligibility requirements:

This account is only for Indians over the age of 60.

Family Savings Group Account

Profit from the health and savings advantages of making your own account, as well as the convenience of having your own deposit.

Among the characteristics are:

• You can reserve a locker at a 50 percent discount.
• Issuance at no cost Swipe a PAP checkbook from savings account to a designated account.
• Net Banking, Phone Banking, and Mobile Banking make banking easy. Accounts for Online Trading Offers that are only open to a select few individuals.

Requirements for eligibility:

A joint account can be opened by family members who already have a J&K Grameen Bank account. The account’s primary holder cannot be a minor.

Basic Savings Account

Get top-of-the-line banking facilities for your mates.

Among the characteristics are:

• IVR-based Phone Banking is now available for free.
• Net Banking is a service that is completely free of charge.
• BillPay is a free online service that allows you to pay all of your monthly utility bills in one convenient location.

Eligibility requirements:

This account is for residents of Indian Country who are 18 years old or older.

Institutional Savings Account

A zero-balance account with access to the world’s largest ATM network, as well as other perks.

Among the characteristics are:

• It is not necessary to pay to use a Par checkbook.
• The Cash Management Services team facilitates this account, collecting gifts, fees, and other products.
• Net Banking, Phone Banking, and Mobile Banking can be used to make online payments such as salary and vendor payments.
• There is access to Net Banking, Phone Banking, and Mobile Banking.

Eligibility requirements:

Any Trust, Association, Society, Club, NGO, Charitable Hospital, Educational Institute, or Section 25 company that follows RBI guidelines may open an account.

BSBDA Small Account

This account can be used to rapidly and efficiently collect and pay your company’s bills.

Among the characteristics are:

• At any given time, the cumulative balance in your account does not exceed Rs. 50,000.
• At any given time, the cumulative credit in all of your accounts does not exceed Rs. 1 lac.
• In a month, your cumulative withdrawals and transfers do not exceed Rs. 10,000.

Eligibility requirements:

This account is for residents of Indian Country who are 18 years old or older.

Savings Farmers Account

Citizens who do not have a full KYC can use this account to access banking services.

Among the characteristics are:

• Discounts and exclusive deals are available on the bank’s online shopping website.
• There is no annual charge for IVR-based Phone Banking. For the first year, the AMC for a new Demat account is waived.
• For all of your banking needs, use Net Banking, BillPay, Phone Banking, and Mobile Banking.

Eligibility requirements:

Farmer’s Savings Accounts can only be opened at those sites.

J&K Grameen bank Savings Account Welcome kit

Following that, a “Welcome Letter” (containing Account and Customer Identification Numbers) and a separate “Welcome Kit” (containing the International Debit Card, Cheque Book, and passwords to access Net-Banking (IPIN) and Telephone Banking) will be sent out (TIN).

J&K Grameen Bank Documents Required to Open Savings Account

 

• Passports, driver’s licenses, voter’s ID cards, and other forms of identification are accepted.
• A passport, driver’s license, voter’s ID card, and other identification forms may be used as proof of address.
• The 16th form on the PAN card (only if PAN card is not available)
• 2 recent passport-sized photographs

Savings Account Opening Process at J&K Grameen Bank

• Pay a visit to the bank in your neighborhood.
• Fill out the registration form to build a new account.
• Records of Know-Your-Customer (KYC) must be submitted (ID and Address proof)
• Fill out the application and attach your passport pictures.
• Include a signed check if applicable.

FAQ’s for J&K Grameen Bank Savings Account

✅Can I open J&K Grameen bank savings account online?

Individuals may also open a savings account with J&K Grameen Bank via the internet. Individuals can open an Insta account as well as a digital savings account.

✅What is the minimum balance for a J&K Grameen savings account?

For J&K Grameen Bank saving account items, the minimum balance requirement varies. To open a J&K Grameen Bank Regular Savings Account, you must have a minimum balance of Rs. 10,000 for metro urban branches and Rs. 5,000 for rural branches. To open a Savings Regular Account, a deposit of Rs. 2,500 is expected for Semi-Urban branches and Rs. 2,500 for Rural branches.

✅Which saving account is best in J&K Grameen?

J&K Grameen Bank provides a variety of savings accounts. These accounts were created with a specific demographic in mind. To decide which option is best for them, individuals can compare interest rates, account minimums, and other features.

✅Can I open a J&K Grameen Bank Savings Account with zero balance?

In metro Urban branches, a minimum balance of Rs. 10,000 is needed to open a J&K Grameen Bank Savings Account. 5,000 rupees in Indian rupees To open a J&K Grameen Bank Savings Regular Account, an Rs deposit. 2,500 is needed for Semi-Urban branches and Rs. 2,500 for Rural branches. Non-balance management penalties are imposed on people who do not keep their accounts in good standing.

For further information, please visit the official page of Dialabank.