Grameen Bank organizes Financial Literacy camp

Excelsior Correspondent

JAMMU, Oct 11: J&K Grameen Bank handed over PMJJBY claim to the nominee during the Financial Literacy camp held at village Upper Kanhal, in Bishnah today.
Financial Literacy Center of the Bank under the chairmanship of Janak Raj Angural organized this Going Digital – Financial Literacy camp in Bishnah sub Division of district Jammu , under the Branch office Kanhal. The programme was intended to widespread the knowledge regarding various financial products and the recent technological innovations in banking sector.
RK Narang, Regional Manager, JKGB Jammu was the chief guest on the occasion and he spoke at length about the ongoing J&K Grameen Bank Festival Bonanza – 2018 with a special offer of rebate in rate of interest and no processing charges on car, consumer durable goods & two wheeler loans. He also handed over PMJJBY claim amounting Rs 2 lakh to the nominee namely Pooja Devi during the event.
Vipan Gupta, Incharge, Financial Literacy Centre JKGB 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 the overdraft amount raised to Rs 10,000 and the age limit to open a PMJDY account is also increased to 65 years and there will be no condition for overdraft up to Rs 2000 plus 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 June 28, 2018.
He further enlightened the participants about 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).