J&K bank launched two Mobile Branches – ‘J&K Bank on Wheels’ on June 19 to extend banking services to the people of various remote and unbanked areas of UT Ladakh.
 
LG Ladakh Dr (Brig) B D Mishra inaugurated the two Mobile Branches from Leh Gate. J&K Bank MD & CEO, Baldev Prakash; Deputy CEC (LAHDC, Leh) Tsering Angchuk; Executive Councillors (LAHDC, Leh) Tashi Namgyal Yakzee and Ghulam Mehdi; DC (Leh) Bala Saheb Suse; Bank’s Executive Director, Sudhir Gupta; Directors on the Bank’s Board and Zonal Head (Ladakh) Angchuk Dorjey were present.

 While commending the historic role of J&K Bank in the economic development especially financial inclusion in the UT of Ladakh, LG Dr (Brig) B D Mishra congratulated the Bank for launching the unique service for the people of Ladakh. 

He said, “I am immensely pleased today to have launched J&K Bank’s Mobile Banking Branches – a new and unique service - for the people living in remote and unbanked areas. There cannot be a better service than this to ensure that those who cannot travel to branches, because of distance and difficulties, enjoy all the types of banking facilities right at their doorsteps conveniently through these mobile branches”.
 
 “I congratulate J&K Bank for the service and urge the people to avail all the banking facilities extended through these mobile branches”, he added.
 
 MD & CEO Baldev Prakash expressed his gratitude to L-G Ladakh for dedicating the Bank’s Mobile Branches to people belonging to remote and unbanked areas besides other dignitaries for their valuable presence. He also thanked the Ladakh Administration for their continued support. 
He said, “UTLBC Ladakh had proposed deploying mobile branches because of limited network connectivity for various unbanked areas. These two Mobile Branches have been specially commissioned to cover those remote and unbanked areas of the UT and take care of all their banking needs".
 
“In addition to 37 full-fledged branches, we have already established 35 Easy Banking Units (EBUs) and 54 ATMs throughout Ladakh, ensuring access to banking facilities even in extremely remote areas like Chumur which is the highest touch-point in Ladakh. And we remain committed to providing the best banking and financial services to the people while extending our outreach to all parts of the region”, he added.
 
The mobile branches will provide all types of general banking services like opening of accounts (Savings/ Current/ Term deposits), Cash receipt/ Cash withdrawals/ Cheque deposits including clearing cheques besides KYC updation, CKYC, SMS services, Issuance of digital products viz Mobile Banking, eBanking, UPI, QR code, debit cards etc. Aadhar Enabled Payment System (AEPS) Services and Aadhar Linking.