How to Open Account in JS Bank? Services and Accounts
JS Bank is a commercial bank based in Pakistan. It is a subsidiary of Jahangir Siddiqui & Co. Ltd., one of the largest investment banks in the country. The bank offers a range of financial products and services, including corporate and retail banking, investment banking, and asset management. It has a network of over 600 branches and ATMs across Pakistan, and is committed to providing high-quality banking services to its customers.
Services of JS Bank
JS Bank offers a wide range of financial products and services to its customers, including:
- Corporate and Retail Banking: The bank provides a variety of deposit and lending products for businesses and individuals, including current and savings accounts, fixed deposits, personal loans, and mortgages.
- Investment Banking: JS Bank offers a range of investment banking services, including underwriting of securities, financial advisory services, and structured finance.
- Asset Management: The bank manages several mutual funds and other investment products for its customers.
- Trade Finance: The bank provides trade finance services such as Letters of Credit, Bank Guarantees, and Documentary Collections.
- Treasury: The bank provides a range of treasury services including foreign exchange and money market operations.
- Islamic Banking: JS Bank also offers a range of Islamic banking products and services that comply with the principles of Islamic law.
- Digital Banking: The bank offers a range of digital banking services including online banking, mobile banking, and SMS banking.
- Priority Banking: It also offers a premium banking service to its selected customers, including exclusive benefits and privileges.
JS Bank is committed to providing its customers with high-quality banking services and meeting their financial needs.
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How to open account in JS Bank?
To open an account with JS Bank, you will need to follow these steps:
- Gather the required documents: You will need to provide certain documents, including a valid CNIC (Computerized National Identity Card) or passport, and proof of residence, such as a utility bill.
- Visit a branch: Visit a JS Bank branch near you and speak with a representative about opening an account. They will provide you with the necessary forms and assist you in completing them.
- Submit the required documents: Submit the completed forms and required documents to the bank representative. They will verify the information and process your application.
- Sign the account opening forms: Once your application is approved, you will be asked to sign the account opening forms.
- Initial deposit: You will be required to make an initial deposit to activate your account. The amount of the initial deposit may vary depending on the type of account you are opening.
- Receive your account information: Once your account is activated, you will receive your account number, ATM card, and other account-related information.
Keep in mind that the process might vary a bit depending on the type of account you are opening. It is always best to check with the bank representative or visit the official website of the bank for more information on the specific requirements and process.
Types of Accounts in JS Bank
JS Bank offers a variety of account types including:
- Current Account: This is a non-interest bearing account that is suitable for businesses and individuals with a high volume of transactions.
- Savings Account: This is an interest-bearing account for individuals who want to save money and earn interest on their deposits.
- Basic Banking Account: This is a no-frills account for individuals who want to have a bank account but do not require additional services.
- Premium Account: This is a premium banking account for individuals who want to enjoy a wide range of exclusive benefits and services.
- Student Account: This is a special account for students, with special features and services tailored to their needs.
- Foreign Currency Account: This is an account for individuals and businesses that hold and transact in foreign currencies.
- Islamic Banking Account: This is a account that is based on Islamic principles of banking and finance.
- Pensioner account: This is an account designed for pensioners, providing them with a range of benefits and services.
It is recommend to check the bank’s website or visit a branch to get more detailed information on specific account types and their features.
JS Bank offers a variety of loan products, including personal loans, car loans, home loans, and business loans.
- Personal Loans: JS Bank offers personal loans to individuals for a variety of purposes, such as home renovation, education, travel, or medical expenses. The loan amount ranges from Rs. 50,000 to Rs. 5,000,000 and the loan term can be up to 5 years.
- Car Loans: Bank offers car loans to individuals to help them purchase a new or used car. The loan amount can be up to 85% of the value of the car and the loan term can be up to 7 years.
- Home Loans: JS Bank offers home loans to individuals to help them purchase or construct a new home. The loan amount can be up to 75% of the value of the property and the loan term can be up to 20 years.
- Business Loans: Bank offers business loans to entrepreneurs and small businesses for working capital, expansion, or to purchase equipment or machinery. The loan amount and terms will vary based on the specific needs of the business.
To apply for a loan from JS Bank, individuals and businesses will need to provide the bank with certain documents such as their CNIC, salary slip or income proof, and proof of residence. The bank will then assess the individual’s or business creditworthiness and, if approved, disburse the loan.
It is recommend to check the bank’s website or visit a branch to get more detailed information on specific loan products and their terms, conditions and criteria for loan approval.
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Credit and Debit Cards:
JS Bank offers a variety of credit and debit cards to its customers. These include:
- JS Bank Visa Debit Card: This is a debit card that can be used to withdraw cash from ATMs or make purchases at merchants that accept Visa.
- JS Bank MasterCard Debit Card: This is a debit card that can be used to withdraw cash from ATMs or make purchases at merchants that accept MasterCard.
- JS Bank Visa Classic Credit Card: This is a credit card that can be used to make purchases at merchants that accept Visa. It offers a revolving credit limit and a minimum monthly payment.
- JS Bank Visa Gold Credit Card: This is a credit card that offers a higher credit limit and additional benefits compared to the Visa Classic Credit Card.
- JS Bank MasterCard Gold Credit Card: This is a credit card that can be used to make purchases at merchants that accept MasterCard. It offers a revolving credit limit and a minimum monthly payment.
- JS Bank MasterCard Platinum Credit Card: This is a premium credit card that offers a higher credit limit and additional benefits compared to the MasterCard Gold Credit Card.
- JS Bank MasterCard World Credit Card: This is a premium credit card that offers a higher credit limit and additional benefits such as travel insurance, concierge service and more.
It is recommend to check the bank’s website or visit a branch to get more detailed information on specific credit and debit cards, their features, benefits, fees, and how to apply for them.
JS Bank Helpline
JS Bank offers a helpline to its customers for assistance with various banking services and inquiries. The helpline number is (042) 111-JS-BANK (042-111-572-265)
Customers can call this number for assistance with account information, transactions, credit and debit card inquiries, and other banking services. The helpline is available 24/7 for customers convenience.
In addition to the helpline, JS Bank also offers online banking and mobile banking services, which customers can use to access their account information, make transactions, and manage their accounts.
It is recommend to check the bank’s website or visit a branch for more detailed information on JS Bank’s helpline services and other banking services.
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