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J&K Bank revises SMS Alert charges. Here are the new rates

Ziraat Times Team Report

Srinagar: J&K Bank has revised the SMS Alert charges for its charges.

According to the Service Charges Schedule General Banking (Effective: 01/05/2024) posted by the bank on its website, the revised SMS alert charges for J&K Bank customers are:

Charges for SMS sent to be levied on an actual usage basis as per the following tariff:
40 Paise+applicable GST for every successfully delivered SMS
Subject to a cap of ₹15/- +GST per month for Saving Accounts and ₹25/- +GST per month for Current/CC/OD Accounts.

However, there are some exceptions to these charges:

Customers receive 5 free SMS alerts per month.

SMS alerts for certain transactions remain free of charge, including:

Debit/ATM card transactions at ATMs/POS machines

Internet banking/mobile banking/e-commerce transactions

NEFT transactions once funds are credited to the beneficiary account

Accounts of active and retired bank staff

Student savings accounts

Employees of J&K Police, J&K Government, and Government of Ladakh.

This news has been modified from its earlier version with updated figures made available from J&K Bank.

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