Jammu, June 18 -- Reinforcing its significant role in financial oversight, J&K Bank has executed the Direct Debit Facility (DDF) Agreement with Jammu Power Distribution Corporation Limited (JPDCL). The agreement, developed in collaboration with REC Power Development and Consultancy Ltd (RECPDCL), underscores the Bank's commitment to ensuring seamless financial operations and transaction security in high-value infrastructure projects.

As Direct Debit Account Agent, the Bank will oversee structured payment mechanisms for the Advanced Metering Infrastructure (AMI) project, facilitating automated disbursements, financial transparency, and compliance adherence. Through this initiative, the Bank positions itself as the driving force behind the...