J&K Waqf Board collaborates financial transactions with HDFC Bank

Dr. Andrabi handed over a cheque worth One Crore to the HDFC authorities to mark the beginning of a business partnership with HDFC Bank.

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Onlykashmir.in News Desk

A Memorandum of Understanding (MoU) to switch over to an online mode of rent and donation collection was executed today between J&K Waqf Board & HDFC Bank in presence of Waqf Board Chairperson Dr. Syed Darakhshan Andrabi, & Branch Banking Head North (Senior Executive Vice President HDFC) Mr. Arun Mediratta, at Sonwar Srinagar.

According to a Waqf handout onlykashmir[in] received here, “The MoU is aimed at bringing all the Waqf property users on online platform so that rentals from all commercial assets are received on time through easy-to-use online facility without involvement of Waqf field staff. Simultaneously, HDFC shall put in place e-donations facility through Payment gateways on J&K Waqf Board Website.”

Speaking on the occasion, Dr Andrabi highlighted the targets achieved viz-a-viz rent collection & resolution of property disputes in the interest of Waqf revenues over the last one year. The Waqf Chairperson also reiterated the commitment of J&K Waqf Board for mobilisation of donations from the rest of the country and abroad for funding of Health & Education Sector initiatives of Waqf in J&K.

On the spot, Dr. Andrabi handed over a cheque worth One Crore to the HDFC authorities to mark the beginning of a business partnership with HDFC Bank.

Pertinently, since the inception of BJP leader Dr. Syed Darakhshan Andrabi as Chairperson of J&K Waqf Board in March 2022, the board has witnessed many significant reformative initiatives.

 

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