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Rental Deposit Loans from Jammu & Kashmir Bank in Maheshtala

Maheshtala is an emerging city situated in the Indian State of West Bengal. It is a major municipality in South West Kolkata. The area falls under the Kolkata Metropolitan Development Authority or KMDA in the South 24 Parganas district of the state. There are around half a million residents of Maheshtala who are employed in various service sectors of the KMDA area. Maheshtala is well connected to various parts of the state via the Kolkata Suburban Railway. A London-based company along with a Bengali NRI has embarked upon a joint venture with the Maheshtala Municipality on a grand project to develop a mini township called the Maheshtala project. Once completed, the 44 buildings of the projects will house 2240 middle-income group flats. The company plans on improving the road infrastructure in the area to ensure a quick development.

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Low interest rate Rental Deposit Loan in Maheshtala, 09 July 2020 from Jammu & Kashmir Bank

The J&K Bank is a State-owned banking and financial services company based in Srinagar, Jammu, and Kashmir. It was incorporated on October 1, 1938. On 1 October 1938, the Jammu and Kashmir Bank was founded by Maharaja Hari Singh (the Maharaja of Jammu and Kashmir). The bank had achieved the status of a scheduled bank In the year 1971. It had to face severe problems during the time independence when two branches of Muzaffarabad fell to the other side of the LOC (now Pakistan administered Kashmir) along with cash and other assets. It has been designated as the RBIs agent for all the banking related businesses, making it the first bank of its kind. Any savings account opened with the bank will attract an interest-earning which is paid to the customer after every six months. The rate of interest is 4% per annum.The bank provides services through internet banking to its customers. Some of the facilities are: Tax payment, Inquiry of account balance, Account statement generation, Fund transfer facility. Mr. Parvez Ahmed is the chairman and CEO of Jammu & Kashmir Bank.

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