J&K Bank Restores Operations Of 541 Delivery Points Across Valley

KL Report


J&K Bank, a major banking player in J&K state, has almost put its entire banking operations back on track in the valley. The bank, despite connectivity constraints, has restored functioning of its 338 business units out of 379 business units (BUs) located in the Kashmir valley. Besides, 203 delivery points in the shape of automated teller machines (ATMs) have been made functional across the valley. Notably, the bank has a strong network of 473 ATMs in Kashmir alone.

Customers across the valley have withdrawn almost Rs.95 crores from these BUs and an amount of almost Rs 12 crores stands disbursed through these operational ATMs across the valley.

Pertinently, the business units made functional in the valley post flood situation include BUs which are physically non-functional for being damaged or submerged in flood, but has been made functional from some other location. It is also noteworthy that customers of BUs which are not yet functional have been allowed transactions in their accounts and availing other banking services from any functional BU of the bank. The bank has waived off charges on such transactions.

Meanwhile, providing a major relief to the flood affected business community and other segments of customers, the bank in association with Bajaj Allianz General Insurance Company has opened counters at all its branches where customers can register their insurance claim by providing policy details etc.In addition to this, Bajaj Allianz has opened helpdesk counters at four places, namely, Rawalpora, Barzulla, near fire services headquarters and Nallamar Road, Srinagar.

Notably, the bank is making all out efforts to restore functioning of all its delivery points including BUs and ATMs across the valley.


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