Jammu and Kashmir Bank

About Jammu and Kashmir Bank

jammu-and-kashmir bank
The Jammu and Kashmir Bank was incorporated in the year 1938. It ranks among the leading commercial banking institutions in the state of Jammu and Kashmir. The bank has its head office in Srinagar, the summer capital of the state, and enjoys a large clientele. It has a dual role of an investment bank and a commercial bank in the state of J & K. It offers specialized financial services in other locations of India.

The Jammu and Kashmir Bank functions as the financier of the Government of Jammu & Kashmir. It is famous for providing a host of pioneering banking products and services to households and SMEs (small and medium enterprises). Currently, the Chairman and Chief Executive Officer (CEO) of the bank is Mr. Mushtaq Ahmed. The stocks of the bank are publicly traded on the NSE and BSE. It has earned a CRISIL rating of P1+.

Board of Directors

  • Mushtaq Ahmad
  • Sudhanshu Pandey, IAS
  • Arnab Roy
  • M. I. Shahdad
  • Vikrant Kuthiala
  • Prof. Nisar Ali
  • A. M. Matto
  • Rakesh Kumar Gupta
  • Nihal Garware

Products and services

The products and services rendered by J&K Bank can be categorized in the following manner:


  • Specialized Finances
  • Automobile Finance
  • Educational Finance
  • Home Finance
  • Other Types of Finances

Savings and Deposits

  • Current Accounts
  • Gift Cheque Scheme
  • Value Added Schemes
  • Term Deposit
  • Saving Bank Deposit


  • Non Life Insurance products
  • Life Insurance products


  • Merchant Acquiring
  • Empowerment Credit Card
  • Global Access Debit Card

Tax Products

  • Tax Saver Deposit Scheme

Mutual Funds

  • Mutual Funds

Support Services

  • Merchant Acquiring
  • Debit & Credit Cards
  • ATM Services
  • SMS Banking
  • Internet Banking
  • Anywhere Banking

Third Party Services

  • Insurance Services
  • Remittance Services
  • Mutual Funds

Depository Services

  • Basic Information
  • Network
  • Account Opening

Non Resident Banking

Apart from the abovementioned services, the Jammu and Kashmir Bank also offers the following services to its non-resident Indian customers:

NRE Rupee Deposits

  • NRE Savings Account
  • NRE Fixed Deposits
  • NRE Rupee Deposits

NRO Rupee Deposits

  • NRO Rupee Deposits
  • NRO Fixed Deposits
  • NRO Savings Account

Deposit Plans for Returning Indians

  • Deposit Plans for Returning Indians

Foreign Currency Non-resident-Banks (FCNR-B)

  • Helpful Information - NRO Rupee Deposits
  • Foreign Currency Non-resident-Banks (FCNR-B)

Remittance from Abroad

  • Money Transfer
  • Remittance of Funds from Overseas Locations

Jammu & Kashmir Bank loans Scheme

The Jammu & Kashmir Bank Ltd loans are available to all customers of the bank. The bank provides a wide range of financing options that are designed to meet almost all money related requirements. The Jammu & Kashmir Bank Ltd loans come with competitive interest rates.

Loan Bouquet

The Jammu & Kashmir Bank Ltd offers to its clients the following financing options:
  • Educational Finance
  • Home Finance
  • Automobile Finance for both commercial vehicles and cars for personal use. Two wheeler finance is also available.
  • Consumption Loan
  • Mortgage Loan for Trade and Service Sector
  • Consumer Loan
  • Fair Price Shop Scheme
  • Personal Loan to Consumers
  • Loans against Mortgage of Immovable Property
  • All Purpose AgriTerm Loan
  • Zafran Finance
  • Craft Development Finance
  • Giri Finance Scheme
  • Laptop/PC Finance
  • Commercial Premises Finance
  • Help Tourism (only in the Kashmir Valley region)
  • Fruit Advances Scheme (Apple)
  • Roshni Financing Scheme
  • Dastkar Finance
  • Khatamband Craftsmen Finance

Educational Loans

The Jammu & Kashmir Bank Ltd educational loans are available for studies both in India and abroad. A loan applicant may take a maximum of ` 7.5 lakhs for studying in India. For studying abroad, the upper loan limit is capped at ` 15 lakhs. The repayment period varies from 5 years to 7 years. Interest rate varies from 9% to 11.5% p.a. Term loans are available for pursuing B.Ed and M.Ed courses and also for primary education.

Housing Loans

The Jammu & Kashmir Bank Ltd housing loans are available for purchase of land, flat and construction of buildings for personal use. The maximum loan amount varies according to the purpose for taking the monetary advance. Projects that involve purchase or construction of a dwelling are granted a loan amount of ` 75 lakhs or 60 months net salary-whichever is lower. Advances for renovations are capped at ` 10 lakhs.

Contact details of Jammu and Kashmir Bank

Given below are the contact details of Jammu and Kashmir Bank:
Corporate Headquarters
M A Road
Srinagar 190 001
Jammu & Kashmir
Registered Office
M A Road
Srinagar 190 001
Jammu & Kashmir

EPABX Numbers: (+91- 0194) 2481930 -2481935

J & K Official Website :


Customer Care Services of J&K Bank

E-banking No. : 0194-2502674, 8803004093
ATM helpline No. : 0194-2484695, 2479181, 2481936, 2481945, 2481946
Credit Card : 0194- 2486424, 2486427, 2486149, 2486151, 2482463

Jammu & Kashmir Bank Informational Data

Name of Bank Jammu & Kashmir Bank
No. of Offices 491
No. of Employees 7627
Business per Employee (in ` Lakh) 500.00
Profit per Employee (in ` Lakh) 5.00
Interest Income (in ` Crore) 2988
Other Income (in ` Crore) 245
Interest Expended (in ` Crore) 1988
Operating Expenses (in ` Crore) 471
Return on Assets 1.09
CRAR 14.48
Net NPA Ratio 1.38

Last Updated on May 1, 2015