Scribd
Upload
833 views3 pages

Digital Products

The document discusses 10 digital products and alternate delivery channels offered by J&K Bank: 1) ATM/Debit Card, 2) Credit Card, 3) MPAY mobile banking, 4) J&K Bank BHIM, 5) Ebanking, 6) POS, 7) Easy Collect, 8) Internet Payment Gateway, 9) Cash Deposit Machine, and 10) Gift/Pocket Money Cards. It provides details on the services available through each channel and notes the benefits of digital channels for both customers and the bank.

Uploaded by

amit c
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
833 views3 pages

Digital Products

The document discusses 10 digital products and alternate delivery channels offered by J&K Bank: 1) ATM/Debit Card, 2) Credit Card, 3) MPAY mobile banking, 4) J&K Bank BHIM, 5) Ebanking, 6) POS, 7) Easy Collect, 8) Internet Payment Gateway, 9) Cash Deposit Machine, and 10) Gift/Pocket Money Cards. It provides details on the services available through each channel and notes the benefits of digital channels for both customers and the bank.

Uploaded by

amit c
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Digital Products/ Alternate Delivery Channels:

1. ATM/Debit Card
 Provides online access to savings or current account.
 Accepted at all Domestic as Well as International MasterCard™, Maestro™, Cirrus™ Enabled
ATM's and Point Of Sale locations.
 Nominal Transaction Fee at JK Bank ATM's (ON-US) and Other bank ATM’s (OFF-US)
exceeding the Limit allowed.

2. Credit Card
 20-50 day Credit Free Period
 Cash Withdrawal Facility upto 20% of total credit limit.
 Loyalty programme
 MasterCard® SecureCode™ enabled Credit Cards J&K Bank lets you shop securely online
with your J&K Bank MasterCard Credit Card. This service through a simple checkout process,
confirms your identity when you make purchases on the Internet
 24 Hour Customer Assistance at JK Bank Helpdesk (18001800234)
 EMI Scheme on Credit card Purchases (Transactions > 2500) upto 24 EMI’s.

3. MPAY (Mobile Banking)


 Complete Financial status information like account balance, transaction history, etc. and
processes requests like ‘stop cheque’, Cheque Status, debit card hotmark , credit card
bill payment etc.
 PDD Bill payment.
 Pay Using QR code facility.
 Term Deposit facility.
 IMPS facility to transfer funds beyond Normal Banking hours
 Loan on Phone facility for J&K Police Deptt, Central University Jammu.

4. J&K Bank BHIM


 Balance Inquiry
 Send Money through
a)Virtual Payment Address (VPA)
b)Account Number and IFSC
c) Aadhaar Number
 Collect Money
 Transaction Status Enquiry
 Set/Re-set /Change UPI PIN
 Generate QR Code.
 Scan and Pay
5. Ebanking
 Access/view of accounts
 Transfer of Funds between self linked accounts maintained with our bank.
 Transfer of Funds from their own accounts to external accounts (e.g. Vendor payment)
 Transfer to non J&K Bank account holders through RBI NEFT/RTGS
 PDD Bill payment.

a)Retail
 Single user control
 Limit is 4 lakh per transaction & 10 lakh per day. Can be enhanced upto 25 lakh per day
by branch head & upto 1 crore by zonal head.

b)Corporate Ebanking
 Maker/ Checker: Multi Level Authorization.
 Bulk Upload: For transactions Like salary Transfer.
 Fund Transfer Limit: Corporate –User defined.

6. POS (Point of Sale)


POS for Merchant establishment to enable them to accept online payments directly via:
 Debit Cards : MasterCard , RuPay , Visa etc
 Credit Cards : MasterCard , Visa

a)Fixed /Landline: Functions through Landline with STD facility

b)Wireless : Functions through inbuilt SIM

c)MPOS : Functions through personal Android mobile

7. JKBank Easy Collect

 Multi Modal Payment System: It facilitates any Organisation be Educational or Commercial


or Government to receive any type of payment from receivers of their goods & services.
 No need not to maintain their own website
 Payer of the merchant has to make the payment through one of the several options
displayed
 Online through IPG using debit or credit cards or e-Banking facilities
 Offline through challan generated at any branch
8. JKBank Internet Payment Gateway (IPG)

 Internet Payment Gateway (IPG) is an e-commerce application service that authorizes


payments for e-businesses e.g online shopping portals, online fee payments etc
 The internet payment gateway is the infrastructure that allows a merchant to accept credit
card/ Debit card/ eBanking/ IMPS etc payments over their web portals/websites.
 A payment process in IPG is a transaction between the users and merchant( owner of the
product), with transfer of funds in between following accounts
 Customer account
 Merchant Account
*However within the process some intermediate accounts are impacted
 Transaction in IPG results in debiting Customer account ( Credit Card/Debit Card/ Internet
Banking ) and crediting merchant account through interchange of secure electronic
messages over Internet.

9. Cash Deposit Machine (CDM)

Installed in various locations ( gandhi nagar, shalamar ,link road ,janipur,residency road jammu)

10. J&K Bank Gift Cards & Pocket Money Cards

Benefits of Digital Channels

To Customers:
• Service at finger tips.
• Doesn't have to wait in queues.
• 24x7 banking facility available.
• No need to visit business unit.
• Cashless banking.
• Online shopping.
• Bill payment.

To Bank & Employees:

• Less operational/transaction cost .


• Reduced walk-in at business unit.
• Better customer service to customers.
• Increased profits.
• Operational efficiency.
• Time to focus on business expansion.
• Enriched interactivity with customers through customized services.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy