JK Bank Cash Certificate Scheme Check Benefits and Features

JK Bank Cash Certificate Scheme Check Benefits and Features

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  • Cumulative Term Deposit Scheme in which Compound interest is paid at the time of maturity.
  • Resident Individuals (sole or joint account)
  • Hindu Undivided Families.
  • Minor through parents/guardian.
  • Sole Proprietorship Concerns, Partnership Firms
  • Private and Public Limited Companies
  • Associations, Clubs, Societies, Trusts etc.
  • Deposit Amount: Rs. 1000/- and above.
  • Tenure: 07 days to 10 years.
  • Interest rate: Fixed.
  • Interest application: Quarterly Compounding basis.
  • Interest payouts: On maturity.
  • Add-ons: Loan facility up to 90% of amount deposited plus interest accrued.
  • Premature withdrawal: Allowed with penalty.
  • Interest on  premature withdrawal will be paid at 0.50% below the rate applicable for the period the deposit remained with the bank, provided the deposit has remained with the bank for at least 7 days.
  • However, no interest will be paid on Deposits which remain for a period of less than 7 days.


  • TDS at prevalent rate is deducted at source if Form 15G/15H not submitted.
  • Filled in Application Form.
  • Photograph of depositor/s (2 copies)
  • Officially Valid Documents as  per KYC Norms
  • PAN Card or Form 60 or 61
  • Any other related documents as applicable to Minors, Partnership Firms, Companies, HUF’s etc

Click here for rate of Interest

  • What is the eligibility for opening an account under Cash Certificate Scheme of J&K Bank?
    Accounts under Cash Certificate Scheme can be opened by individuals , either singly or jointly, Parents/ Guardians on behalf of minors, Sole proprietorship firms,  Partnership firms,  Private and Public Limited Companies , HUFs, Associations, Societies, Trusts, etc.
  • What is the minimum amount required for opening account under the Cash Certificate Scheme?
    You can open an account under this scheme with an amount of Rs 1000 and above.
  • What are the tenures for which the accounts can be opened?
    You can open an account for any tenure ranging from 07 days to 10 years.
  • Is interest under this scheme applied on Simple or Compound basis?
    Compound interest is provided under this scheme.
  • Is loan facility available against the deposit amount?
    Loan facility up to a maximum of 90% of amount deposited plus interest accrued if any, is available.
  • Can I withdraw my deposit prematurely?
    Yes, but penal interest, as applicable, shall be charged on such pre-mature withdrawals.

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