Whopping Rs 640 cr withdrawn from JK Bank ATMs in 5 days of Eid

Ahead of recently celebrated Eid-ul-Azha, J&K Bank’s ATMs doled out more than Rs 640 crore in five days across the state.
As per the data of transactions compiled by the bank, Rs 640 crore was withdrawn from its ATMs from August 28 to September 1 ahead of Eid.
On August 28, a bank official said, more than Rs 87 crore was withdrawn, on August 29 (Rs 94 crore), on August 30 (Rs 133 crore), on August 31 (Rs 174 crore) and on September 1, a day before Eid, Rs 150 crore were withdrawn till 7pm.
The bank official said Rs 455 crore was withdrawn in the Valley, in Ladakh Rs 14 crore and in Jammu more than Rs 167 crore was withdrawn.
Transactions during this year’s Eid were much more in number and volume as compared to previous years, the official said, attributing the hike to a wider ATM network.
“The ATM network has grown by leaps and bounds. As a part of the digitisation programme, debit cards have been issued to customers in large numbers which also enables more ATM withdrawals,” he added.