Jammu and Kashmir has achieved 99.80% digital coverage of eligible saving and business accounts, reveals a document accessed by the news agency.
It states that as many as 1.28 crore accounts have been successfully on boarded on digital platforms across all 20 districts of the Union Territory.
“As of January 31, 2025, only 25,472 accounts remain to be digitally enabled, while more than 99 percent of eligible saving and business accounts have been successfully onboarded,” the document states.
It also reveals that J&K Bank and State Bank of India (SBI) have achieved 100% digital coverage in both savings and business accounts. “Punjab National Bank (PNB) stands at 99.49% in savings accounts and 100% in business accounts, while HDFC Bank has achieved 99.93% in savings and 99.78% in business accounts. ICICI Bank has 100% in savings and 99.70% in business accounts, while Canara Bank stands at 98.25% for savings and 99.84% for business accounts,” the document states, adding, “J&K Bank has shown remarkable progress in digital transactions. During the financial year 2024-25 (up to December 2024), the bank processed 138.90 crore transactions, out of which 99.80% were digital, with 70% being through UPI platforms.”
“In the financial year 2022-23, J&K Bank processed 82.83 crore transactions, with 86% being digital and 47% through UPI. In 2023-24, the bank handled 126.15 crore transactions, with 90% being digital and 55% via UPI.
The upward trend continued in 2024-25, with 94% transactions being digital and 70% through UPI platforms,” the document reads—(KNO)
