Manage Money

Bank Name

Advance Salary Loan from Jammu & Kashmir Bank in Munger

Munger, along with Jamalpur, is considered to be a twin city situated in the Indian state of Bihar. It functions as the administrative headquarters of the Munger district as well as the Munger Division. Munger, situated on the banks of the holy Ganga, was an ancient seat of rule. Asias largest and oldest railway workshop, which was set up by the British in 1862, is operated by the Indian Railways at Jamalpur. Munger has an ITC Factory established by the British along with a Gun Factory, ITC Milk Dairy and many others. Munger has a strong network of railway and roads, connecting it to all the important neighboring areas. The places in and around Munger that are worth visiting are Munger Fort, Chandika Asthan, Kastaharni Ghat on the Ganges, Khanqah Rahmani, Bhimbandh Wildlife Sanctuary, Yoga Ashram, Rahmani Foundation, etc.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Premium Bike Loan in Munger, 27 January 2020 from Jammu & Kashmir Bank

The J&K Bank is a private sector banking and financial services company based in Srinagar, Jammu, and Kashmir. J&K Bank established on October 1, 1938, was the first bank in the country to emerge as a state-owned bank. On 1 October 1938, the Jammu and Kashmir Bank was founded by Maharaja Hari Singh (the Maharaja of Jammu and Kashmir). The eminent investors were invited by the Maharaja to become the founding directors and shareholders of the bank. The most notable investors were Abdul Aziz Mantoo, Pesten jee, Pandit Sriniwas Magotra, and the Bhagat Family, all of whom acquired a significant holding in bank shares. On 4 July 1939, the bank commenced the operations, and it was declared as the first semi-state-owned bank of with participation in capital by State and the public under the control of State Government. The bank had achieved the status of a scheduled bank In the year 1971 and was recognized as an "A" Class bank by the Reserve Bank of India in 1976. The bank had to face severe difficulties during independence time as out of its ten branches two branches of Muzaffarabad, Rawalakot, and Mirpur fell to the other side of the line of control (now Pakistan administered Kashmir) along with cash and other assets. As per the regulations of Indian Companies Act 1956, the bank was declared as a government company following the extension of Central laws to the state of Jammu & Kashmir.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs