Srinagar, Nov 07 (KNS): J&K Bank has signed a Memorandum of Understanding (MoU) with Encash Automotive Pvt. Ltd. to extend banking benefits to 195 employees under its Corporate Salary Package (CSP), further strengthening their longstanding institutional relationship.

The MoU was signed by Zonal Head (Srinagar) Sheikh Mohammad Muzaffar and CEO Encash Automotive Pvt. Ltd. Maham Rouf in the presence of General Manager & Divisional Head (Kashmir) Arshad Qadri, Cluster Head Syed Tasaduq Madni, Branch Head (Hyderpora) Manzoor Ahmad and other senior officials from both organisations.

Speaking on the occasion, General Manager & Divisional Head (Kashmir) Arshad Qadri said, “Our institutional partnerships gain greater meaning when their benefits reach employees and their families. Through this arrangement, we aim to make banking more convenient and rewarding for our institutional clients, combining preferential financial benefits with personalised service.Click Here To Follow Our WhatsApp Channel”

"This association will extend the benefits of our Corporate Salary Package to 195 employees of the company, while further deepening our partnership with one of the region’s prominent business organisations”, said Zonal Head on the occasion.

Under the MoU, eligible employees can avail customised salary accounts, preferential loan rates, waivers and concessions on specified banking charges, overdraft facilities and insurance benefits, subject to applicable terms and conditions. Digital onboarding, dedicated relationship support and family banking benefits further enhance the package.

Cluster Head Syed Tasaduq Madni explained the package’s features and the process for availing its benefits.(KNS)