ADC Arun Manhas along with others launching RuPay Debit Card at a fucntion in Jammu.
STATE TIMES NEWS
JAMMU: The Citizens’ Cooperative Bank Ltd. (CCBL), Jammu, first and the largest Urban Cooperative Bank in Jammu and Kashmir, on Friday launched the much awaited RuPay Debit Card at a function held here at the Bank’s Administrative Office.
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 in the presence of Rakesh Maini, Vice President of the Bank 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 9, 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,” Dr Arun Manhas said while addressing the gathering.
Manhas expressed gratitude and thanks to Chairman, The Jammu and Kashmir Bank Ltd. for his kind support in implementation of the RuPay Debit/ATM Card.
“Initially the Bank will perform pilot transactions at ATMs for a couple of days and thereafter RuPay Debit Cards will be issued to clients of the bank. In order to perform pilot transactions, 15 ATM RuPay Debit Cards have been issued to staff of the bank,” he said.
Besides the senior officers of the Bank, the event was attended by Managing Director of CCBL, Ashok Goswamy.
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