Government asks JK Bank to stop cash transactions in vulnerable areas of Pulwama and Shopian


Srinagar, In wake of rising incidents of bank heists in Southern parts of Kashmir, Government has issued an advisory to Jammu Kashmir Bank directing its authorities to immediately stop cash transactions in 40 branches of twin districts Shopian and Pulwama.

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 at 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.