JK Bank adds one more feather to its portfolio

         JK Bank, the youngest member of IMPS (Immediate Payment Service) is already live on another IMPS sub-product.

         On 07/03/2013, JK Bank has gone live on IMPS using Account No and IFS Code. It should be noted, that JK Bank had gone live on IMPS only as recently as 21/02/2013. And in a span of less than 2 weeks, it has gone live with IMPS-IFS Code. Commendable, indeed.

        I am sure, that this will be well appreciated by JK Bank customers and will execute large number of transactions on the IMPS channel.

Jammu & Kashmir Bank joins IMPS

            Jammu and Kashmir Bank has joined the Immediate Payment Service (IMPS) network on 21/02/2013.

            Jammu & Kashmir Bank or shortly known as JK Bank, is a Bank with main focus on Kashmir.

            JK Bank has a history of over 75 years. The Jammu & Kashmir Bank was founded on October 1, 1938 under letters patent issued by the Maharaja of Jammu and Kashmir, Hari Singh.

J&K Bank functions as a universal bank in Jammu & Kashmir and as a specialized bank in the rest of the country. It is also the only private sector bank designated as RBI’s agent for banking business, and carries out the banking business of the Central Government, besides collecting central taxes for CBDT.

            With JK Bank being part of the IMPS network, its customers would be able to transfer money and also receive money, in a fraction of a minute.

            Welcome JK Bank to India’s  newest  ePayment Product.

           

The new identity for J&K Bank is a visual representation of the Bank’s philosophy and business strategy. The three coloured squares represent the regions of Jammu, Kashmir and Ladakh. The counter-form created by the interaction of the squares is a falcon with outstretched wings – a symbol of power and empowerment. The synergy between the three regions propels the bank towards new horizons.Green signifies growth and renewal, blue conveys stability and unity, and red represents energy and power. All these attributes are integrated and assimilated in the white counter-form.