Muzaffarabad, The Bank of Azad Jammu and Kashmir (BAJK) has launched a new scheme, the Premium Plus Remittance Savings Account (PPRSA), aimed at promoting home remittances and providing greater convenience to customers. The new scheme offers multiple benefits, including the ability to open a single or joint account with the bank for those who send or receive foreign remittances.

According to Bank of Azad Jammu and Kashmir, the PPRSA allows customers to receive remittances effortlessly through partnerships with trusted providers like MoneyGram, Western Union, RIA, Instant Cash, and IME (International Money Exchange), all with 350,000 agent locations worldwide. The bank's spokesperson stated that this new account also offers a higher rate of profit, with monthly payouts. Customers can easily open PPRSA accounts and use them for a variety of banking services, such as withdrawals, transfers, purchases, and bill payments. The Bank of Azad Jammu and Kashmir operates 85 branches across urban and rural areas throughout Azad Jammu and Kashmir.

The bank has emphasized that the PPRSA provides additional profit over the current savings interest rate, leading to a higher annual profit rate. Customers can use this new scheme to manage their remittances with ease and benefit from the enhanced rates of return.