To meet the requirements of high net worth individuals, J&K Bank Thursday launched Premium Savings Bank Account scheme – a tailor-made product with special add-ons, freebies and discounts in fee, charges – at the banks corporate headquarter here.
“Customised to address the needs of different sets ofprospective customers, the account has an average monthly balance (AMB)requirement of Rs 1 lakh and is replete with attractive features including freeAccidental Insurance Cover of Rs 5 lakh,” a spokesperson of the bank said.
He said, the bank is committed to provide world classbanking products for the entire spectrum of society in terms of their economicstanding. This product is designed to meet the requisite demands of high networth individuals. The product has appealing features besides many add-ons forindividuals with sound financial standing. The bank shall continue to come upwith innovative products to address the rapidly evolving requirements of itscustomers and going by its motto of Serving to Empower, shall strive to keepevolving.
Other special features of the product include zero CashDeposit Charges at Base Business Unit, free first Instant / Personalized Card(Gold Debit Card), Zero Annual/Renewal charges for Gold Debit Card, CashWithdrawal of R 75, 000 per day at ATMs and POS / Merchant Usage of Rs1.5 lakhper day using Gold Debit Card, zero Credit Card Issuance Charges and many otherattractive features.