Reserve bank of India has allotted IFSC codes to all the bank branches in India to easily identify the transactions which are done through a particular branch. IFSC codes are unique 11 digits codes with alphabetic and numeric characters, which are given to all bank branches, and the code won't repeat. It is mandatory to enter IFSC code or MICR codes to identify the branches to perform the cash transactions, without this code the bank branches can't transfer the funds.
These codes helps the users to ensure that the transferred funds receives to the rightful person without any error or concern.
The IFSC code for JAMMU AND KASHMIR BANK LIMITED which is located in NEAR SAKOON RESTURANT,MERAK ABAD in SRINAGAR branch is JAKA0SALMAR
This IFSC code can be used for online money transaction via NEFT, RTGS and IMPS to any JAMMU AND KASHMIR BANK LIMITED account or to any other bank accounts, Here the first 4 alphabets JAKA indicates the bank name, The fifth digit is 0 [zero] for future use, The last 6 digits indicates SALMAR the particular branch of JAMMU AND KASHMIR BANK LIMITED in NEAR SAKOON RESTURANT,MERAK ABAD in SRINAGAR, INDIA.
IFSC code whose full form is Indian Financial System Code used for online payment applications like RTGS which is Real Time Gross Settlement, NEFT which is National Electronic Funds Transfer, IPM, from one bank to another through IMPS which is electronic Instant Mobile Money transfer Service and CFMS which is Centralized Funds Management System instructed by RBI.
RBI has allotted IFSC codes to all banks in India to find out the branches when money transfer takes place. According to RBI guidelines the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India, with the help of IFSC codes and MICR codes the online funds transaction are made easily without any confusion. This codes helps to avoid risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches to the rightful account holder at the specified branch.
Easy way to find JAMMU AND KASHMIR BANK'S IFSC code and MICR code?
If the customer knows the full name of the bank and its branch location then it is easy to find the IFSC and MICR code, the customer can find the codes in the passbook and cheque books of the specified bank which is printed on the passbook, or the website of RBI also offers the entire list of IFSC codes required for the account holder. Some third party website also shows the IFSC codes in their websites.
Some of the popular financial comparison sites display the table carrying IFSC codes for Bank of Baroda's branches throughout the India. Any account holder visiting the website has to choose the Bank IFSC code link present on the home page where 4 columns are displayed. Customers must feed some bank details like the state -> district -> branch > to get the IFSC code or MICR codes for JAMMU AND KASHMIR BANK LIMITED. The website displays all details about the bank such as the phone number, address, of the branch, name, branch code, etc...
Jammu And Kashmir Bank Limited Branch Details
ABOUT JAMMU AND KASHMIR BANK LIMITED:
JAMMU AND KASHMIR BANK LIMITED was established on 1st October 1938 which was a state owned bank and they started their business in 4th July 1939, The bank registered a total business turnover of over Rs.1750 billion which was on 31st March 2021. The bank was called as the government company which is as per provisions of Indian companies act 2013, but in the year 1971 they were in the state of so called Scheduled bank and it was declared as an "A" class i.e. a top class bank by none other than The Reserve bank of India in the year 1976.
The bank has a total of 956 branches across the nation and it is one of the top-priorities state owned banks in India, and they have a total of 1382 ATM's across the Nation.
The missions of JAMMU AND KASHMIR BANK LIMITED:
- To acquire an enhanced business footprint across geographies and emerge as a prominent national brand in the financial sector.
- To position the Bank as the "Most Preferred Bank" for Customer focus, Operational Excellence and High Integrity towards one and all stakeholders.
- To be the best-in-class financial intermediary, leveraging our digital and physical banking channels;
- To observe customer centricity through service excellence, integrity and transparency, and a comprehensive range of innovative products and services responsive to customer needs.
- To be a lean, learning and efficient banking organization focusing on prudent, sustainable, profitable growth and value creation.
- To adopt the best standards for corporate governance, business ethics and risk management.
- To vigorously promote financial inclusion as a business proposition to harness the potential at the bottom of the pyramid.
The subsidiaries of JAMMU AND KASHMIR BANK LIMITED:
- Jammu and Kashmir bank ltd
- Asset Management Arm
- JKB financial services limited.
The total asset value of Jammu and Kashmir bank limited is 108,872.09crores in Indian Rupees which is 15billion U.S. dollars$.
For Further Details Contact or write to Jammu and Kashmir Bank Limited:-
ADDRESS:
Corporate Headquarters,
M A Road,
Srinagar 190 001,
Jammu & Kashmir.
Contact: 1800 1800 234, 0194-2481999.
website: www.jkbank.com
fax: 0191-2471999.