To commemorate 15 years of its successful banking operations in Jammu and Kashmir, HDFC Bank – the leading private bank in the country – on Wednesday announced special educational scholarships for the children of the state facing economic hardships.
HDFC Bank also e-inaugurated 15 new ATMs in Kashmir and launched a special savings account with average monthly minimum balance (AMB) of Rs 1000.
Speaking at the commemoration function held here, Zubair Iqbal, senior Vice president and circle head J&K said the scholarships under the Parivartan programme in the state is for children whose families are facing a sudden loss of income due to crisis and are at the risk of dropping out.
The Educational Crisis Scholarship Support 2019 is meant to cover students from 6th to 12th standard studying in recognised Private and government run schools and students pursuing undergraduate, post-graduate or PhD Courses (Full time or Part time)Diploma, ITI, and polytechnic courses in recognized colleges or universities.
The students can apply online for this initiative. The deadline for filling the forms has been set as July 15.
Talking about the bank’s achievements in the state, Iqbal said, “Over the past 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 banking services as well as in society as a whole through our social initiatives.”
“We are humbled by the trust and support of more than 3 lakh customers. We remain committed to keep serving our customers with the best-in-the –class service and the latest technology in the future. Launch of 15 ATM’s today is a significant step in this direction and reinforces our intent of providing customers with world class banking services.”
The ATM’s were launched in Batamaloo, Habak, Brein, Nayak Bagh, Parimpora, Tangmarg, Baramulla, Handwara, Banihal, Shopian, Bijbehara, Khanabal, Sopore, Kulgam and Chini Chowk (Anantnag).
Iqbal said the bank has achieved a consistent growth rate and the largest private bank network of 80 branches and 220 ATMs in the state.
About the Rs 1000 SB account offer, he said, “It also offers personal Accidental Death Cover of Rs 5 lakh on its debit card. The key benefits include 5 percent saving at select merchants, a set number of free ATM transactions and free Insta Alerts among other things.”