The Jammu & Kashmir Bank Limited

B/U Latti, 182122, J&K, India

T +7298004635 E lattee@jkbmail.com www.jkbank.net

JKB/LATTEE/2018 Dated:-

Name
Father’s Name /Spouse’Name
R/O
Tehsil Latti & Distt. Udhampur
J&k
Subject: Sanction Of KCC limit under J & K Bank Kisan Credit Card scheme .
Sir,

We are pleased to inform you that in consideration of your request for KCC limit under J & K Bank
Kisan Credit Card scheme); bank has sanctioned KCC limit of Rs /= (Rupees
Only ) personal use against following terms conditions:

Interest :

Processing charges: Nil

Repayment
 The production line of credit is a revolving agriculture cash credit account subject to annual
review, valid for five years. However the account need to be reviewed annually to ensure that
crops and other sale proceeds are routed through the account and interest charged has been
serviced.

 No need of bringing the debit balance in the account to zero at any point of time.

 The common repayment due date based on the crop season and cropping pattern
(mono/double crops) has been fixed for bringing operational simplicity, follow up for
review/renewal , arresting premature slippage into NPA, facilitating crop insurance and ensure
correct claim of interest subvention, additional interest subvention for prompt payment,
plugging income leakage etc. Payment due dates based on cropping pattern is given in
annexure V

Other terms & conditions:

In order to overcome the operational difficulties in opening two separate accounts for portion eligible
for subvention (crop loans to maximum limit of Rs.3.00 lacs per individual) and the amount of the
finance not eligible for subvention (crop loan portion exceeding Rs.3.00 lacs and/or finance for
purpose other than raising of crops) and to put in place the architecture which takes care of the
differential interest factor and also facilitate clean MIS on the said portfolio, a solution has been
worked out by MIS Department CHQ, to facilitate handling of the subvention scheme through a single
account only. The procedure is explained in Annexure-IV.
Regards.

Insurance:- Comprehensive Insurance cover with usual bank clause, of crops to be

cultivated/assets created, immovable property and collateral security wherever applicable, shall
be affected.

Branch Head

Registered Office Corporate Headquarters T +91 (0)194 248 1930-35 E info@jkbmail.com

M A Road, Srinagar 190001 F +91 (0)194 248 1928 W www.jkbank.net
Kashmir, India
 The Jammu & Kashmir Bank Limited
B/U Latti, 182122, J&K, India
T +7298004635 E lattee@jkbmail.com www.jkbank.net

JKB/NUC/2017- Dated:.09.01.2017 `

Mrs.Rohini Jamwal,
D/o Sh Satinder Singh jamwal,
R/o HNo-134,Shastri nagar,Jammu.

Subject: Sanction of Cash credit limit under J & K Bank Cash credit Scheme (Salaried Employees).

Sir,

We are pleased to inform you that in consideration of your request for Cash credit facility under J & K
Bank Cash Credit Scheme (Salaried Employees); bank has sanctioned a cash credit limit of
Rs.3,50,000.00 (Rupees Three Lac Fifty Thousand only) for personal use against following terms
conditions:

Interest: One year MCLR + 3.50%, i.e., presently 12.85% P.A fixed rate of interest with
monthly rest.

Sb/ac : 0345040100011795
Processing charges: 0.20% of limit amount.

Repayment: The facility shall be revolving in nature up to the age of 52 years or 8 years before the
age of retirement whichever is earlier. The drawing power (DP) will thereafter be reduced every
quarter on pro-rata basis by reducing the principal amount so that the facility gets, adjusted at
the age of 59 or 1 year before the age of retirement whichever is earlier. The interest will be
serviced by the borrower as and when applied.

Other terms & conditions:

i. Interest shall be debited from CC account on monthly basis & if the available balance of CC-
account is less than the interest amount, then system will grant TOD for the remaining
shortfall amount.
ii. Interest shall be serviced monthly from the linked Salary account of the customer provided it
has sufficient available balance to satisfy the interest demand.
iii. TOD rate shall be applied for the amount of balance above the drawing power & not for the
amount of un-serviced interest amount. Balance of the account may be above the drawing
power due to application of interest or reduction in drawing power.
iv. Authority by the borrower to the bank to deduct the monthly interest from your salary account
maintained with the bank to serve interest in cash credit account.
Regards.

Registered Office Corporate Headquarters T +91 (0)194 248 1930-35 E info@jkbmail.com

M A Road, Srinagar 190001 F +91 (0)194 248 1928 W www.jkbank.net
Kashmir, India
 The Jammu & Kashmir Bank Limited
B/U Latti, 182122, J&K, India
T +7298004635 E lattee@jkbmail.com www.jkbank.net

Branch Head

JKB/NUC/2017- Dated:.30.01.2017 `

Mr Sahil Manhas,
S/o Sh Varinder Singh,
R/o Hno-25 Purani Mandi ,Jammu.

Subject: Sanction of Cash credit limit under J & K Bank Cash credit Scheme (Salaried Employees).

Sir,

We are pleased to inform you that in consideration of your request for Cash credit facility under J & K
Bank Cash Credit Scheme (Salaried Employees); bank has sanctioned a cash credit limit of Rs
150000.00 (Rupees One Lac Fifty Thousand only) for personal use against following terms conditions:

Interest: One year MCLR + 3.50%, i.e., presently 12.30% P.A fixed rate of interest with
monthly rest.

Sb/ac : 1232040100003175
Processing charges: 0.20% of limit amount.

Repayment: The facility shall be revolving in nature up to the age of 52 years or 8 years before the
age of retirement whichever is earlier. The drawing power (DP) will thereafter be reduced every
quarter on pro-rata basis by reducing the principal amount so that the facility gets, adjusted at
the age of 59 or 1 year before the age of retirement whichever is earlier. The interest will be
serviced by the borrower as and when applied.

Other terms & conditions:

i. Interest shall be debited from CC account on monthly basis & if the available balance of CC-
account is less than the interest amount, then system will grant TOD for the remaining
shortfall amount.
ii. Interest shall be serviced monthly from the linked Salary account of the customer provided it
has sufficient available balance to satisfy the interest demand.
iii. TOD rate shall be applied for the amount of balance above the drawing power & not for the
amount of un-serviced interest amount. Balance of the account may be above the drawing
power due to application of interest or reduction in drawing power.
iv. Authority by the borrower to the bank to deduct the monthly interest from your salary account
maintained with the bank to serve interest in cash credit account.
Regards.

Registered Office Corporate Headquarters T +91 (0)194 248 1930-35 E info@jkbmail.com

M A Road, Srinagar 190001 F +91 (0)194 248 1928 W www.jkbank.net
Kashmir, India
 The Jammu & Kashmir Bank Limited
B/U Latti, 182122, J&K, India
T +7298004635 E lattee@jkbmail.com www.jkbank.net

Branch Head

Registered Office Corporate Headquarters T +91 (0)194 248 1930-35 E info@jkbmail.com

M A Road, Srinagar 190001 F +91 (0)194 248 1928 W www.jkbank.net
Kashmir, India