Jammu and Kashmir  Bank Wednesday said it has extended  financial assistance of Rs 25 lakh to the family of a girl who died after an alleged molestation bid by an employee of the bank last month in Pulwama.

“J&K Bank today followed the earlier exemplary action of terminating its employee found involved in the unfortunate incident at B.U. Ratnipora on July 28th with fulfilment of commitment to rehabilitate the deceased girl’s family by extending a financial assistance of Rs 25 lacs. The move is aimed at providing a respectable livelihood to them and also ensures quality education to her two minor siblings,” the bank said in a statement.

The amount contributed by the Bank (under CSR) and its staff jointly and invested in the joint names of family members under Banks Monthly Yield Program, was presented to the family by Chairman and CEO, Parvez Ahmed at Bank’s Corporate Headquarters in presence of Executive President Vagish Chander, President P K Tickoo, Vice President M A Wanchoo, Zonal Head South-I Tasaduq Ahmed Dar, Cluster Head Muzafar Qadri and other Senior Officers of the bank.

“The investments hence made shall ensure a reasonable and regular monthly pay outs amounting to Rs 13500 to the family apart from keeping a safe capital cushion for future contingency,” the statement said.