|Early Times Report|
JAMMU, Aug 18: The Citizens' Cooperative Bank Ltd. (CCBL), Jammu, first and the largest Urban Cooperative Bank in Jammu and Kashmir, today launched the much awaited RuPay Debit Card in a simple function held at the Bank's Administrative Office, here.
The fast growing Cooperative Bank, serving the Jammuites for the last 38 years, has been cooperated by another leading financial institution of the state, Jammu and Kashmir Bank Ltd. (JKBL) in sponsoring the ATM services. The services (ATM) were formally launched by Administrator of the CCBL, Additional Deputy Commissioner (ADC), Jammu, Dr Arun Manhas (KAS) in presence of Rakesh Maini, Vice President The Jammu & Kashmir Bank Ltd. and member on the Board of Administrators of CCBL. With the introduction of RuPay Debit Card, the Administrator has fulfilled his promise of strengthening the Bank. "The JKBL sponsored the CCBL as its sub-member to participate in National Financial Switch (NFS). An agreement to this effect signed in Corporate Headquarter of J&K Bank at Srinagar between JKBL and CCBL on March nine, 2017 under the scheme of Sponsoring Cooperative Banks for NFS and ATM services through ASP Model. This will enable the customers of the CCBL to access e-payment instruments like RuPay Debits at POS terminals and e-commerce platform besides facilitating affordable payment mechanism to benefit the common man and help financial inclusion," speaking to the selected gathering said, Dr Arun Manhas.