Karawal Nagar is a neighborhood located in the north-east part of Delhi. It is a part of the National Capital Region. The place was founded in 1993 and it was earlier spelled as Qarawal Nagar. It is a census town in Delhi and hosts more than two lakh residents. Hindi and English are the commonly used languages in this town. Karawal Nagar experiences a climate quite similar to that of Delhi - dry hot summers and freezing winters, with very less rainfall.
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.