Govt asks JK Bank to stop cash transactions in 40 vulnerable areas of south Kashmir

Govt asks JK Bank to stop cash transactions in 40 vulnerable areas of south Kashmir

Srinagar: In wake of rising incidents of bank heist in South Kashmir, Government has issued an advisory to Jammu Kashmir Bank directing authorities to immediately stop cash transactions in 40 branches of twin districts Shopian and Pulwama in South Kashmir.
Jammu Kashmir Government in its advisory has declared 40 bank branches of Jammu Kashmir Bank located in Pulwama and Shopian as vulnerable and has directed the bank authorities not to do business in cash in these branches. “These branches will not be shifted and will function normally. However, a customer can neither deposit nor withdraw the cash. In a way, these bank branches will be cashless and will do business in receipt form only. A customer can deposit cash in the form of cheques and he can even transfer his money,” a JK Bank official told news agency CNS.
The Bank official refuted the reports that some ATM’s have been shifted to safer places in South Kashmir.
Some of the branches that have been declared vulnerable in Shopian district include the branch at Pinjora, Keegam, Trenz, Imam Sahab and Kaprin while in Pulwama some of the vulnerable branches have been identified as Littar, Tahab, Achan, Koil and Drabgam.
Pertinently, this year six incidents of bank robbery took place in South Kashmir. (CNS)

One Response to "Govt asks JK Bank to stop cash transactions in 40 vulnerable areas of south Kashmir"

  1. Liyakat Dar   May 5, 2017 at 11:30 pm

    This is a good step, in order to stop roberies ,however a common man will surely suffer.

    Reply

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