SRINAGAR: J&K Bank has signed two Memoranda of Understanding (MoUs) under its Corporate Salary Package with FIL Industries Private Limited in Srinagar and Brahmrishi Bawra Shanti Vidya Peeth Higher Secondary School in Udhampur, extending customised banking services to their employees.
Under the agreement signed in Srinagar, nearly 600 employees of FIL Industries will be covered under the bank’s Corporate Salary Package. The MoU was signed by Zonal Head (Srinagar) Sheikh Mohammad Muzaffar on behalf of J&K Bank and Managing Director of FIL Industries Junaid Altaf Bukhari on behalf of the company.
Speaking on the occasion, Muzaffar said the agreement would strengthen the bank’s longstanding relationship with FIL Industries while providing employees access to customised banking products, digital services and financial solutions.
Cluster Head Syed Tasaduq Madni briefed participants about the package, which includes specialised salary accounts, preferential loan facilities, insurance coverage and digital banking services.
In Udhampur, the bank signed a similar agreement with Brahmrishi Bawra Shanti Vidya Peeth Higher Secondary School, covering more than 165 employees. The MoU was signed by Zonal Head (Udhampur) Arjun Singh Rathore and the school’s Chairperson Chinmay Jyoti.
Rathore said the partnership reflected the bank’s commitment to providing customer-centric banking solutions through preferential financial benefits and technology-driven services.
J&K Bank said the partnerships would help expand access to customised salary accounts, retail credit facilities, insurance benefits and digital banking services while strengthening its institutional relationships across Jammu and Kashmir.
