HDFC Bank, the leading private banks in the country, Saturday commemorated completion of its 15 years journey in Jammu and Kashmir.
According to a press statement, starting its journey at BahuPlaza branch of Jammu in 2003, HDFC Bank has helped to provide banking servicesto more three lakh customers in the state. The bank has focused on reaching outto the large unbanked segments and help contribute towards economicdevelopment, poverty elevation and employment generation for the people. Today,the bank has achieved a consistent growth rate and the largest private banknetwork in the state in a span of 15 years, the statement said.
“To commemorate its journey in the state, the bank launcheda special savings account for a limited period only. Known as 1,000 AMB SavingsAccount, it will allow customers to maintain a minimum balance i.e., theaverage monthly balance (AMB) of just Rs 1000. It also offers PersonalAccidental Death Cover of Rs 5 lakh on its Debit Card. Key benefits include 5%savings at select merchants, a set number of free ATM transactions, and freeInstaAlerts among others,” read the statement.
Under its Parivartan initiative, the bank undertookrestoration of 19 impacted schools in the aftermath of the 2014 floods,benefitting more than 9000 students. The bank has also instituted educationalscholarships in the state for children whose families are facing a sudden lossof income due to crisis. So far over 3600 students have applied for the scholarshipsin the state, the statement said.
Speaking on this occasion, ZubairIqbal, Circle Head, Jammu and Kashmir, HDFC Bank said, “Over thepast 15 years it has been an honour serving our customers in Jammu and Kashmir.It is our endeavour to make a difference in their lives through our bankingservices as well as in society as a whole through our social initiatives. Ouractivities have impacted more than three lakh people in the state so far and weare humbled by the trust and support they repose in us. We remain committed tokeep serving our customers with the best-in-the-class services and the latesttechnology in the future.”