JKGB hands over PMJJBY, PMSBY claim to nominee

By
Daily Excelsior
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Excelsior Correspondent
RAJOURI, Oct 24: J&K Grameen Bank (JKGB) handed over PMJJBY & PMSBY claim amounting to Rs 4 lakh to the nominee of an insured person during the financial literacy camps held at village Siot and Channi Prat in Rajouri.
Financial Inclusion-Insurance Department and Financial Literacy Center, JKGB under the chairmanship of Janak Raj Angural organized Going Digital – financial literacy camps at village Siot and Channi Prat under the Branch Office Siot and Channi Prat, respectively. The programmes were intended to widespread the knowledge regarding the various financial products and the recent technological innovations in banking sector.
Des Raj DDM, NABARD was the chief guest on the occasion. He informed the masses about the benefits of social security schemes namely Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY).
He told the gathering about the latest developments in PMJDY like raising overdraft amount to Rs 10,000 and the age limit to open a PMJDY account increased to 65 years. He also informed that there will be no condition for overdraft up to Rs 2000 and the accidental insurance cover for new RuPay card holders has been raised from Rs 1 lakh to Rs 2 lakh for the new PMJDY accounts opened after 28-08-2018.
Sunil Choudhary, Regional Manager, JKGB Rajouri spoke at length about the ongoing JKGB Festival Bonanza – 2018 with a special offer of rebate in rate of interest and no processing charges on car, consumer durable goods and two wheeler loans. He also handed over PMJJBY & PMSBY claim amounting to Rs 4 lakh to the nominee namely Shaheen Akhter during the event.
He further enlightened the participants about the new technologies available in the bank such as multiple uses of Bank cheques, use of POS Machine, RuPay Debit card, KCC RuPay Debit Card, Net Banking, Mobile Banking Services, Adhaar based transactions etc. The thrust was also given on various IT products like RuPay cards, SMS Alerts, NEFT/ RTGS and Immediate Payment services (IMPS).


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