Grameen Bank organises financial literacy camp in Rajouri

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Jammu: Financial Literacy Center of J&K Grameen Bank Monday organized financial literacy camp at village Bandhari, Devak Rajouri
A statement issued here said Financial Literacy Center, J&K Grameen Bank under the chairmanship of Janak Raj Angural organized Going Digital – financial literacy camp at village Bandhari under the Branch Office Devak.
The programme was intended to widespread the knowledge regarding various financial products and the recent technological innovations in banking sector.
Des Raj, DDM NABARD, JKGB Jammu was the chief guest on the occasion and has demonstrated various videos regarding the benefits of social security schemes namely Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY). The mobile van financed by the NABARD was used for that purpose.
Sunil Choudhary, Regional Manager, JKGB Rajouri & Poonch spoke at length about the ongoing J&K Grameen Bank Festival Bonanza – 2018 with a special offer of rebate in rate of interest and no processing charges on car, consumer durable goods & two wheeler loans. He also appreciated the efforts of HOD FIID & Incharge FLC Vipan Gupta for his tremendous efforts in wide spreading the national social security schemes. He informed the gathering about the latest developments in PMJDY like the overdraft amount raised to Rupees Ten thousand and the age limit to open a PMJDY account is also increased to 65 years and there will be no condition for Overdraft up to Rupees Two thousand plus the accidental insurance cover for new Rupay card holders has been raised from Rs. 1 lakh to Rs. 2 lakh for the new PMJDY accounts opened after 28.08.2018. Hundred percent claim settlement rate is already maintained by the bank and the nominee of the insured person get a financial aid of Rs. 2 lac.
The equipment on the mobile van was used to showcase to the public, various video clips presenting multiple uses of Bank cheques, use of POS Machine, RuPay Debit card, KCC RuPay Debit Card, Net Banking, Mobile Banking Services, Adhaar based transactions , NEFT/ RTGS and Immediate Payment services (IMPS).The presentation regarding the merits and demerits of using such services and precautions to be taken care of while utilizing IT facilities was also given, statement reads.