Jammu, June 06: Jammu and Kashmir Bank said it has resolved recent concerns regarding temporary drops in credit scores by rescheduling EMI deduction dates to align with salary credits.
J&K Bank Managing Director and CEO, Amitava Chatterjee, confirmed the move, saying the issue arose due to a timing mismatch salaries were being credited early in the month, while loan EMIs were scheduled toward the end.
This gap led to temporary defaults in some cases, adversely affecting CIBIL scores.
We have now changed the EMI dates to match the salary credit timing. This ensures that employees have enough money in their accounts when EMIs are deducted.
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