Stop cash transactions in 40 vulnerable south Kashmir branches: Govt to J&K bank

Srinagar: In the wake of rising incidents of bank robberies in south Kashmir, the Jammu and Kashmir government has issued an advisory to Jammu and Kashmir bank,  directing them to immediately stop cash transactions in 40 branches of two south Kashmir districts, a media report said on Friday.

The government has declared 40 J&K bank branches located in Pulwama and Shopian as vulnerable and has directed the bank authorities not to do business with cash in these branches, the report added.

“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,” the report quotes a J&K bank official as saying.

The bank official refuted the reports that some ATM’s have been shifted to safer places in south Kashmir, the report added.

Some of the branches that have been declared vulnerable in Shopian district include the branch at Pinjora, Keigam, Trenz, Imam Sahab and Kaprin while in Pulwama some of the vulnerable branches have been identified as Littar, Tahab, Achan, Koil and Drabgam, the report said.

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    By: KN Web Desk

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