State Bank of Bikaner & Jaipuroffers various deposit plans that you can choose from

depending on the nature of deposit, term period, unique saving and withdrawal features.
Apart from competitive interest rates and convenient withdrawal options, our deposit plans
offer other features such as overdraft facility, outstation cheque collections, safe deposit
lockers, ATM's etc.

Savings and Current deposits are ideal for individuals who wish to take advantage of
multiple benefits within the same plan and even be eligible to opt for overdrafts. Depending
on the nature of the account and the governing terms and conditions, SBBJ offers you
under Savings Accounts, a choice between Savings Bank a/c or No frill Saral Bachat Khata
A/c.

SBBJ also offers SBBJ Flexi Deposit scheme, where funds in your savings bank account
earn term deposit interest subject to terms and conditions

SAVINGS BANK ACCOUNT

Key Benefits

• Simplest deposit option available to the depositor.

• Easy to operate.Terms and conditions kept simple to facilitate understanding.
• No hidden costs.
• Low minimum balance requirement.
• Your deposits are insured by DICGC
• Option to withdraw money through withdrawal forms or by cheque or by ATM.
• An ideal option to cultivate the habit of banking and saving amongst the younger
generation.
• Students above 10 years can open accounts in their own names.
• Easy withdrawal of cash under single window concept.
• Provision for nomination.
• ATM cum debit card facility available
• 25 cheque leaves free per annum
• Facility for standing instructions
• Cheques drawn on other SBBJ branches can be credited immediately (subject to
charges).
• Outstation cheques of other Banks (upto Rs. 20000/-) can be credited immediately
(subject to charges).
Terms & Conditions

• Money can be deposited freely in the account; there are no minimum or maximum deposit
periods for this offering.
• Minimum withdrawal amount Rs. 50/-; no maximum withdrawal ceiling subject to balance
in account.
• Minimum balance to be maintained (with or without cheque book facility)

Rural Branches Non-rural branches

Amount (In
Rs.) With Cheque Without Cheque With Cheque Without Cheque
Book Book Book Book
Individual 500 250 1000 500
Others 500 250 1000 500
Pensioner 250 125 500 250

Documents required:

• Passport size photograph

• Proof of residence
• Proof of identity
• An introduction as per Bank's norms where ever is required
• PAN card or IT Declaration (Form 60/61)
• Documents such as passport, driving license, PAN card, election i-card, defence i-card,
etc accepted as proof of identity / residence.

Charges applicable
 For charges applicable on various services please refer schedule of charges.

For further details, please contact the nearest State Bank of Bikaner & Jaipur branch.

SILVER SAVINGS ACCOUNT:

Account with facility of Free Accidental Insurance and other concessions.

Eligibility Minimum Average Quarterly balance Rs. 5000/-

Type of account Single/ Joint
Accidental Insurance Free Accidental insurance for Rs. 1.00 lac.for first year.
ATM cum Debit Card Free- Domestic Card. Annual maintenance charges - Nil
Cheque Book 25 leaves free in a year,
Multicity Cheque Book Available
Internet Banking Free
 Utility bill payment
Free
through ATM
Free accidental insurance of Rs. 1.00 lac for first account
Others
holder in case of joint account for first year.

Remaining terms and condition as per Savings Bank account. For further details, please contact
the nearest State Bank of Bikaner & Jaipur branch

SURAKSHA SAVINGS BANK ACCOUNT:

Special account with facility of Life Insurance and Medi Claim Insurance on nominal premium and
other concessions

Minimum Balance Quarterly average balance of Rs. 50000/-

SBBJ National Medikavach policy for minimum assured
amount of Rs. 1 lacSBI Life Group Swadhan – for
Add on Features (At miniumum 3 lacs (If the depositor is not eligible for any of
depositors cost and is the aforesaid policies, same may be obtained in the name of
compulsory) any family member i.e. spouse, father, mother, son,
daughter-in-law, daughter, son-in-law, brother, sister and
their spouses.)
ATM cum Debit Card Free Domestic Card : No annual maintenance charge
Internet Banking Free : Unlimited
Cheque Book 50 leaves free in a year
Multicity Cheque Book 20 leaves free in a year
Utility Bill Payments
Free of cost – as per the present scheme.
through internet
50% concession on locker hiring charges for the first year
on small sized locker in the name of the depositor or his/her
Discount in locker hiring
spouse (or in joint name with any family member) – Subject
to availability at the branch.
Concession in other
No
service charges
Service charges for
non-maintenance of
minimum quarterly Rs.100/- per quarter only.
average balance of
Rs.50,000/-
 Personal Banking- ADVANCES
Deposits | Advances | Safe Deposit Lockers |
.........................................................................................................................................
.
SBBJ Home Loan | SBBJ Realty | Housing Loan For Rajasthan Govt. Employees | Housing
Loan Scheme For NRIs | Earnest Money Deposit Scheme For Purchase Of Land/House
SBBJ Car Loan Scheme | Vishesh Vahan Yojna For Rajasthan Govt. Employees | SBBJ
Education Loan Scheme | SBBJ Mortgage Loan Scheme | SBBJ Personal Loan |
SBBJ Two Wheeler Loan Scheme | SBBJ Rent Plus Scheme | SBBJ Career Loan | Loan for
Rajasthan Govt. Employees | SBBJ Home Cash | SBBJ Pension Loan | Loan for Power
Sector Employees | SBBJ Reverse Mortgage Loan Scheme | SBBJ Happy-Home Loan |
SBBJ EZEE Car Loan Scheme | SBBJ EASY HOME LOAN | SBBJ ADVANTAGE HOME
LOAN | SBBJ HI-FIVE HOME LOAN | PENSION PLUS LOAN SCHEME |
......................................................................................................................................................................................
Personal Banking - ADVANCES

FINANCE: State Bank Of Bikaner & Jaipur has a variety of schemes under Personal
Finance to satisfy varying needs of the banking public. The Bank offers the above schemes
with attractive rates of interest:
 NRI Services
Services For Exporters And Importers | Savings Bank Account | Current Account |
Term Deposit Account
......................................................................................................................................................................................
India is one of the fastest growing economies of Asia and offer unique opportunities to Non-
Resident Indians, both individuals and corporations, for investment. The country is looking
towards its Non-Residents for flow of foreign exchange resources and invite all Non-
Resident Indians to contribute their mite in its developmental activities. One of such
avenues is deposit of funds with the banks and we, the State Bank of Bikaner and Jaipur,
welcome you all for putting your deposits in any of our branches. State Bank of Bikaner and
Jaipur is one of the associates of State Bank of India with over 833 offices in India and a
network of correspondents all over the world. We can meet all your needs offering
satisfactory Banking services.

State Bank of Bikaner and Jaipur offers Non-Resident (Ordinary) account and Non-Resident
(External) account in Indian Rupees, Foreign Currency (Non-Resident) Accounts in Pound
Sterling, US Dollar, Japanese Yen, EURO, AUD & CAD for the under mentioned customers:

Indian National or persons of Indian origin residing outside India. Usual Joint Account
facilities like 'either or survivor'; 'both or survivor'; 'former or survivor'; etc. would be
available. Accounts can be opened in the names of minors also.

We offer the undernoted types of Accounts:

• Finest and fastest rates for any foreign exchange transaction, for any
amount, and for any delivery.
• Forward cover as well as long term rollover covers.
• Market intelligence from our extensive database.
• Profiles, prospects, rate forecasts for foreign currencies.
• Counseling, risk management and hedging of your total foreign exchange
exposures in the long-term perspective.

• Consultancy services on exchange controls, Import-Export policy and other

formalities in foreign trade.
SERVICES FOR EXPORTERS AND IMPORTERS
1. NON-RESIDENT (EXTERNAL) RUPEE ACCOUNTS:

• Savings
• Current
• Term Deposit

• Cumulative Deposit
Savings Bank Account:
This carries at present an interest of 3.50% p.a. (same as domestic Savings Bank rate)
compounded half yearly and the minimum balance for a cheque operated account is Rs.
500/-

Current Account:
A Current account can be started with as low a sum as Rs. 5000/-. While no interest is paid,
any number of cheques can be issued on the account.

Term Deposit Account:

The minimum amount is only Rs. 1000/-. Interest is payable at quarterly intervals.
2. FOREIGN CURRENCY (NON-RESIDENT) ACCOUNTS (BANKS)
SCHEME:
The account can be opened as Term Deposit or as Special Term Deposit under
Reinvestment Plan in Pound Sterling, US Dollar, Japanese Yen, EURO, AUD and
CAD. Exchange risk in respect of funds remitted by you to India as well as in
repatriating the balances in foreign currencies, alongwith interest accrued thereon,
will be borne by us. You will get back your deposits Stg. Pound for Stg. Pound, US
Dollar for US Dollar. You are thus totally insured against fluctuations in exchange
rates.

The interest on a Foreign Currency (Non-Resident) account will also be payable in

the currency in which the account is maintained.

The most convenient way to remit amounts to these accounts is by a draft in the
designated currencies. The balances in the existing Non-Resident (External)
accounts in Rupees can also be converted into one of the designated currencies
and foreign currency (Non-Resident) accounts opened in your name. In case you
remit moneys in a currency other than the designated currency it can be converted
into one of the designated currencies according to your choice for opening the
accounts in your name
 International Banking
Services for Exporters and Importers | Services for Domestic customers | SBBJ Expo Gold
Card | Export Credit Interest rate | Interest Gold Card | Service Charges | List of our
Authorized Dealer Branches
......................................................................................................................................................................................
International Banking services of State Bank of Bikaner & Jaipur are delivered for the benefit of
its Indian customers, non-resident Indians, foreign entities and banks. Amongst the various
services offered by us are Export finance by way of preshipment and postshipment
finance,other consultancy services to exporters and importers,and services to domestic
customers, overseas tourists, travelers by way of remittance facility, encashment and sale of
Foreign currency and travellers' cheques, collection of cheques/drafts and other instruments.
For this purpose 68 of our branches are authorized to do Forex business.

WE ALSO OFFER
• Finest and fastest rates for any foreign exchange transaction, for any amount,
and for any delivery.
• Forward cover as well as long term rollover covers.
• Market intelligence from our extensive database.
• Profiles, prospects, rate forecasts for foreign currencies.
• Counseling, risk management and hedging of your total foreign exchange
exposures in the long-term perspective.

• Consultancy services on exchange controls, Import-Export policy and other

formalities in foreign trade.
SERVICES FOR EXPORTERS AND IMPORTERS
1. (i) Pre-shipment credit to eligible exporters in rupees at concessive rate of
interest for Purchasing / manufacturing / processing / transporting of goods meant for
export against L /c / Firm Order etc. Running A/c facility is also being provided to
exporters having good track record.

(ii) Pre-shipment Credit is also being provided by our designated branches in Foreign
Currency under PCFC Scheme at LIBOR linked rates.

(iii) Pre-shipment Credit at concessive rate of interest against incentives receivable from
government for exports covered by ECGC guarantee.

2.
Post-shipment finance by meant of
(i) Negotiation of documents under letter of credit. (ii) Purchase/discount of bills.
(iii) Advance against bills sent for collection at concessive rate of interest.
(iv) Advance against goods sent on consignment basis where documents are delivered
under trust receipt.
(v) Advance against receivables from government agencies like cash incentives, Duty
Drawback etc. at concessive rate of interest upto 90 days.
The Post-shipment finance can be provided under the following schemes :-
1. Post-shipment finance provided in rupees at concessional rate.
2. Post-shipment finance in foreign currency under Export Bill Rediscounting
Scheme at LIBOR linked rates. It is obligatory to avail EBR if PCFC is availed at pre
shipment stage.
3. Arranging foreign currency loans, suppliers credit etc.
4. Issuance of Bid Bonds to exporters competing/quoting in global tenders.
5. Issuance of performance guarantees to exporters when contract is awarded.
 6. Issuance of advance payment guarantees to exporters for obtention of advance
payment from the buyers.
7. Prompt, speedy and efficient L/c opening, negotiations etc.
8. Speedy processing of documents.

9. Opening of EEFC accounts at our authorised branches.

IMPORT AVENUE:
LETTER OF CREDIT
Leverage State Bank Group's reputation and goodwill in the global market! Avail of SBBJ's
Letters of Credit for your purchases in international and domestic trading operations.

SBBJ offers Letters of Credit to facilitate purchase of goods in international trading operations.
Backed by State Bank Group's strong reputation, you will be able to build better trust in trade
and forge business relationships faster.

The bank's vast network of branches and correspondent banks enables your enterprise to
sustain a seamless flow of business on a wide platform.
SERVICES FOR DOMESTIC CUSTOMERS/TRAVELLERS, OVERSEAS TOURISTS
1. Collection of cheques, drafts, instruments in any country/currency in a short time
with the aid of courier services.
2. Acceptance and payments of inward remittance in any currency.
3. Issue/encashment of Foreign Currency Travellers' Cheques, Drafts, MTs, TTs,
and Currency Notes.

4. We issue encashment certificates, Foreign Currency realisation certificates,

Freight certificates etc. for purposes relating to Forex business.
SBBJ EXPO GOLD CARD SCHEME
State Bank of Bikaner & Jaipur has launched "SBBJ EXPO GOLD CARD SCHEME" to meet
the working capital needs of exporters with good track record and credit worthiness, subject to
their fulfilling the specified eligibility norms. The salient features of the scheme are as under:

Assessment norms have been simplified and for units with export turnover up to Rs. 100 crore
simplified assessment in terms of Nayak Committee norms will be made within specified time
norm not exceeding 25 days in case of new sanctions and 15 days in case of renewals.

Further relaxations, subject to certain conditions, in the form of automatic renewal of limits after
the three year tenure as also simplified method for effecting annual step-up in limits is being
examined by the Bank.

Standby limit of 20% will be sanctioned to all the SBBJ Expo Gold Card holders over and above
the sanctioned limit to meet credit demands arising out of receipt of sudden orders.

Limits sanctioned will be valid for a period of three years.

Interest will be charged at concessional rate from the Gold Card holders. The present rate for
Packing Credit up to 180 days and Post-shipment credit up to 365 days would be 3.75% below
the Bank's benchmark Prime Lending Rate. Also, SBBJ Expo Gold Card holders will be given
preference for grant of packing credit in foreign currency.
Corporate Banking-
Interest Rates In C&I Segment:
..........................................................................................................................................
DEPOSIT:
Regular Current Account | Diamond Current Account | Gold Current Account |
SME Power Pack Current Account | Flexi Deposit SB & CD Accounts |
POWER JYOTI Current Account for Fee Collection

ADVANCE:
Mortgage Loan for Trade & Services
.........................................................................................................................................................
.............................

REGULAR CURRENT ACCOUNT:

Features and Benefits:

 Minimum average quarterly balance criteria is as under:

Area Minimum Average Quarterly balance Penalty on default of QAB
Rural Rs. 2500.00
Rs. 500.00
Non-Rural Rs. 5000.00

 Deposit your local cheques in one branch of a city and have it credited to your account at a
branch in another city or make payments across SBBJ Bank locations using Core Power facility
at a nominal rate.
 Free collection thorough NEFT / RTGS / ECS.
 Payment through NEFT / RTGS / ECS at a nominate rate.
 Cheques payable at par at all RBI's Speed Clearing Centres in all over the Country.

DIAMOND CURRENT ACCOUNT

Features and Benefits:

• Minimum average quarterly balance (QAB) of Rs. 1,00,000/-.

• Free Cheque leaves 500. (Including Multicity Cheques).
• Free Account to Account (in same title) Fund Transfer within bank.
• Reduced Demand Draft Issue charges: Rs. 0.50 per thousand with a minimum of Rs.
25/- and Max. Rs. 5000/-.
• Free Banker's Cheque
• Free Folio Charges
• Free Banker's Cheque
• Instant Credit * (per day) up to Rs. 50,000/-.
• Multicity Cheque Facility - transaction charges - Rs. 25/- per cheque up to Rs. 5.00 lacs
and Rs. 50.00 per cheque for amounts above Rs. 5.00 lacs.

*Instant Credit Facility will be provided only to satisfactorily run accounts, which fulfill
under noted conditions:-
(a) QAB never goes below the prescribed limit.
(b) No cheques are returned unpaid.
Penalty for non-maintenance of QAB (per quarter) - Rs. 2000.00

GOLD CURRENT ACCOUNT

Features and Benefits:

• Minimum average quarterly balance (QAB) of Rs. 50,000/-.

• Free Cheque leaves 300. (Including Multicity Cheques).
• Free Account to Account (in same title) Fund Transfer within bank.
• Reduced Demand Draft Issue charges: Re. 1.00 per thousand with a minimum of Rs.
25/- and Max. Rs. 5000/-.
• Free Banker's Cheque
• Free Folio Charges
• Instant Credit * (per day) up to Rs. 25,000/-.
• Multicity Cheque Facility - transaction charges - Rs. 25/- per cheque up to Rs. 5.00 lacs
and Rs. 50.00 per cheque for amounts above Rs. 5.00 lacs.

*Instant Credit Facility will be provided only to satisfactorily run accounts, which fulfill
under noted conditions:-
(a) QAB never goes below the prescribed limit.
(b) No cheques are returned unpaid.
Penalty for non-maintenance of QAB (per quarter) - Rs. 2000.00

SME POWER PACK CURRENT ACCOUNT: Another value added product for our current
account holders of SME and Trade segments on maintaining

Features and Benefits:

• Minimum Quarterly Average Balance (QAB) of Rs. 5,00,000.00 lacs.

• Free Cash handling charges
• Free Drafts.
• Free TT/STEPS/RTGS
• Free Multicity Facility - Issue and transaction charges.
• Free Inter core transaction.
• Free deposit of cheque at any SBBJ Bank branches.
• Free deposit of clearing cheques at non-home branch drawn on that clearing center for
credit of account at home center.
• Free remittance of funds from Home branch to other CBS branch.

Penalty for non-maintenance of QAB (per quarter) - Rs. 2000.00

FLEXI DEPOSIT - SAVING & CURRENT ACCOUNTS:

Features and Benefits:

• Minimum balance criteria for Current Account are Rs. 10,000/- and Saving Bank
Account Rs. 1,000.00.
• The surplus fund over and above threshold limit is auto swept to term deposit / special
term deposit account on weekly basis.
• The tenure of deposit is decided by the depositor at the time of opening of account.
• In case of necessity, the depositor may withdraw the amount by means of reverse auto
sweep (i.e. breaking the deposit - Last in First Out - LIFO) in multiples of Rs. 1,000/- to
meet the shortfall and to maintain minimum balance.
 • Deposit broken through reverse sweep will be paid interest as per the card rates for
such period applicable as at the date of opening of such deposits with penalty as
applicable for premature withdrawal.
• Rate of interest - As applicable for Term Deposit for the tenure the deposit is
contracted.

POWER JYOTI CURRENT ACCOUNT FOR FEE COLLECTION: To cater the need of
Educational Institutions, Coaching Classes, Tuition Fees Centers, Charitable Organizations etc.
which require the generic (standard) fee collection facility, we 'POWER JYOTI' current account
product at

Features and Benefits:

• Minimum quarterly average balance (QAB) of Rs. 1,00,000.00.

• Different types of fees (up to 10 times) can be collected through a single challan.
• It has a provision to capture 17 digit alphanumeric number as the reference no.
• Transaction other than fee collection is not permitted in non-home branches.
• Corporate Internet banking facility - Free.
• Chequebook facility not available. The Institution can transfer the required balance
through authorization / sweep.
• Cash handling charges - Waived.

Penalty for non-maintenance of QAB (per quarter) - Rs. 2000.00

ADVANCES:

MORTGAGE LOAN FOR TRADE & SERVICES:

The loan can be granted for:

• Funding of normal working capital

• Expansion, shifting to new or better premises
• Should not be for acquisition of land or building unrelated to the business.
• Not for capital market operation

Nature of Facility:

• Term Loan repayable in 84 months

• Cash Credit
• Both Fund Based and Non-Fund based limits

Quantum of Loan:

• Minimum - Rs. 100,000.00

• Maximum - Rs. 5.00 Crores

Interest Rates:
 • @ 0.75% below SBBJ BPLR.

Security:

• Primary: Hypothecation of stocks and receivables.

• Collateral: Tangible security of minimum of 133% of loan amount in the form of
Equitable Mortgage of Land and Building.

 Processing Charges :
Type of Limit Processing Charges

Working Capital:
(Fund based + Non-fund based)

• For limits - Rs. 25000/- to Rs. 500.00

Rs. 2.00 lacs
• For limits above Rs. 2.00 Rs. 500/- per lac or part thereof
lacs to Rs. 1.00 crore
Rs. 400/- per lac or part thereof with a min. of Rs.
50,000/-
• For limits above Rs. 1.00
crore to Rs. 5.00 crores
Terms Loans above Rs. 2.00 lacs Upfront fee of 1.25% of the loan amount

* FOR DETAILED FEATURES & BENEFITS OF EACH PRODUCT, PLEASE

CONTACT TO ANY SBBJ BRANCH.
 Corporate Banking
Interest Rates In C&I Segment:
......................................................................................................................................................................................
Interest rates in C&I segment:
a) Interest rate in general C&I segment advances is linked with BPLR.Our Bank's BPLR is
12.25 % w.e.f. 06.07.2009.

b) Rate of Interest chargeable in different Loan Schemes under C&I Segment is as under;

S.No. Name of the Loan

Scheme
Rate of Interest

1 MORTGAGE LOAN Cash Credit - @ 0.75 % below SBBJ BPLR

UNDER C&I
Term Loan - @ 0.75 % below SBBJ BPLR.
2 SBBJ PARIVAHAN Effective rate of interest for Term Loan at 1.75 % below
BPLR

for Cash Credit 1.00% above BPLR

3 SBBJ Size of credit limit Rate of Interest
SHIKSHAYATN
PLUS

Upto Rs. 2 lakhs- (1.50 % below

BPLR)

Above Rs.2 lakhs & upto Rs.5 lakhs- (At par

BPLR)

Above Rs.5 lakhs &

upto Rs.25 lakhs- (1.00 % above
BPLR)
 Agriculture Products
Schemes | Interest Rate | Applications
......................................................................................................................................................................................
We, at State Bank of Bikaner & Jaipur have always understood the need for developing the
agrarian community of the nation. As such we are committed to the development of
Agriculture, not only in the state of Rajasthan , but also elsewhere in the country. To cater to
the needs of the farmers, we offer finance for a number of activities as enumerated below
• Kisan Credit Card Scheme (KCC)
• Kisan Gold Card Scheme (KGC)
• Loans for Purchase of Agricultural Implements:
 Tractor Plus
 Thresher, Implements etc.

• Minor/Micro Irrigation Scheme:

■ Loan for new wells /deepening of wells/Bore wells

■ For pump sets diesel/electric/submersible.

■ For conveyance Pipes/Lining of water courses.

■ For sprinkler sets

■ For drip sets

■ For construction of Diggies in Canal areas.

■ Rain water harvesting Schemes for SC/ST farmers

• Loans for activities allied to Agriculture

■ Dairy Loans

■ Scheme for members of dairy Co-operative societies for purchase of

cattle etc.

■ Loans for Poultry/Sheep/Goat rearing.

• Loans for Medicinal & Horticulture Plantation

• Kisan Vahan Yojana
• Vermi Compost Scheme for Organic Farming
• For development of storage facilities

■ Construction of farmers/Rural godowns

■ Cold storage

• For Rural housing – Gramin Awas/ Sahyog Niwas Schemes.

• Arthias Plus scheme.
• Loans to Agri Input seeds, fertilizers/Agri. Machinery dealers/Cattle feed and Poultry
feed dealers.

• Others.
 GOVERNMENT BUSINESS
Public Provident Fund – 1968 | Other Facilities | Senior Citizen Scheme-2004 | Salient
Features
Deposits And Withdrawals | Mode Of Deposit | Renewal | Interest On Deposit | Maturity |
Death Of The Depositor | Premature Closure Of Account | Transfer Of Account | Authorized
Branches
......................................................................................................................................................................................
State Bank of Bikaner & Jaipur is the premier Bank in Rajasthan and is looked upon
as the Bank wholly patronised by the Government of Rajasthan. As such SBBJ's
linkage with Government Business is quite widespread and nearly 318 of its branches
offer one or more of the following services to its customers:
1. Receipts and Payments on behalf of Rajasthan State Government
2. Collection of taxes for Central Board of Direct Taxes
3. Collection of taxes for Central Board of Excise and Customs
4. Transaction on behalf of Post & Telegraph Department
5. Transaction on behalf of Railway Department.
6. Transaction on behalf of Defence Department.
7. Public Provident Fund Scheme - 1968
8. Senior Citizen Savings Scheme - 2004

9. Pension Payment to Government Employees

PUBLIC PROVIDENT FUND - 1968
Scheme introduced by Central Government in 1968. The Scheme enables the members of
the public to make contributions to the Fund and obtain Income Tax rebate under the
relevant provisions of the Income Tax.

Eligibility
• Individuals
• Individuals on behalf of a minor

Minimum / Maximum Investment ( w.e.f. 15-11-2002 )

Minimum Rs.500/- per annum in multiples of Rs.5/-

Maximum Rs.70,000/- per annum

Duration
• 15 years
• Can be extended for one or more blocks of 5 years

• Account can be discontinued but repayment of subscriptions along with

interest only after 15 years.
Rate of Interest
8% per annum credited in account on 31st March every year calculated on the minimum
balance between 5th day and end of the month.
Loans
Loan upto 25% of balance at the end of first financial year from third to sixth year. Second
loan can be taken on full payment of first loan.

Withdrawals
Only one withdrawal allowed during any one year from sixth year. Withdrawal limited to 50%
of the balance at the credit at the end of 4th year preceding the year in which the amount is
withdrawn or the end of the preceding year whichever is lower.

The account extended beyond 15 years; partial withdrawal allowed up to 60% of the
balance to the credit at the commencement of the extended period.

Tax Benefits
• Benefit available u/s 88 of the I.T. Act.
• Interest totally exempt from Income Tax.

• Amount standing to the credit is fully exempted from Wealth Tax.

Other Facilities
• Subscription in one or more maximum 12 installments.
• Nomination available in the name of one or more persons.
• Nominee can not continue account of the deceased subscriber in his/ her
own name.
• An account may be transferred at the request of the subscriber free of
charge by one branch of State Bank of India or its Associates to Head Post Office or
vice versa.
• Premature closure of a PPF account on grounds of genuine hardship could
be considered only after the expiry of five years from the end of the year in which
the account was opened.
• The subscriber may discontinue his account anytime after joining the fund.
The repayment of the subscription with interest will be made only after 15 years
form the end of the financial year in which the account was opened.

• Discontinued account can be revived on payment of Rs.50/- per year along

with arrears of subscription of Rs.500/- per year.
 GOVERNMENT BUSINESS
Public Provident Fund – 1968 | Other Facilities | Senior Citizen Scheme-2004 | Salient
Features
Deposits And Withdrawals | Mode Of Deposit | Renewal | Interest On Deposit | Maturity |
Death Of The Depositor | Premature Closure Of Account | Transfer Of Account
......................................................................................................................................................................................
Senior Citizen Scheme-2004

Government of India have decided to operate the scheme through all branches of Public
Sector Banks which are operating PPF Scheme, 1968.

Eligibility
• An individual who has attained the age of 60 years and above on the date of
opening of an account.
• who has attained the age of 55 years or more but less than 60 years and
who has retired on superannuation or otherwise on the date of opening an account.
• who has retired at any time before the commencement of these rules and
attained the age of 55 years or more on the date of opening of an account,

• The retired personnel of Defence Services (excluding civilian Defence

employees) irrespective of the above age limits subject to fulfillment of other
specified conditions.
NRI
NRI's are not eligible to open an account under these rules.

HUF
Hindu Undivided Family is also not eligible to open an account under these rules.

Salient features
• Any depositor may open an account at any deposit office by making an
application in Form A alongwith the amount of deposit in multiple of one thousand
rupees, along with age proof.
• A depositor may operate more than one account subject to the condition that
deposits in all accounts taken together shall not exceed the maximum limit of Rs.15
lakh and provided that deposits by depositors shall be restricted to the retirement
benefits of Rupees fifteen lakh whichever is lower.

A depositor may open the account in individual capacity or jointly with spouse.

Deposits and withdrawals

There shall be only one deposit in the account in multiple of one thousand rupees not
exceeding rupees fifteen lakhs.

No withdrawal shall be permitted under these rules before the expiry of a period of five
years from the date of opening of an account.
 Mode of Deposit
The deposit under these rules may be made :
a. In cash, if the amount of deposit is less than rupees one lakhs.

b. By cheque or demand draft drawn in favour of the depositor and endorsed in favour
of the deposit office.
Renewal
The depositor may extend the account for a further period of three years after the maturity
period of five years. An application in Form B should be made within a period of one year
after the date of maturity period.

Interest on Deposit
The deposit made under these rules shall bear interest @ 9 % p.a. from the date of deposit
payable at the end of each calendar quarter e.g. 31st March / 30th June / 30th September /
31st December.

Nomination
The depositor may nominate a person or persons, at the time of opening of the account or
at any time after the opening of the account but before its closure, by an application on
Form C accompanied by the passbook to the Branch.

Nomination made by the depositor can be cancelled or varied.

Closure of Account
......................................................................................................................................................................................
Maturity
The deposit made at the time of opening of account shall be paid by the concerned deposit
office after the expiry of five years from the date of opening of the account on production of
the passbook accompanied by a written application (withdrawal form) Form E.

In case the depositor does not close the account on maturity and also does not extend the
account, the account will be treated as matured and the depositor will be entitled to interest
at the rate applicable to the deposits under post office savings account during the post
maturity period.

Death of the depositor

In case of death of the depositor before maturity the account shall be closed and deposit
refunded on application in Form F alongwith interest to the nominee or legal heirs in case
the nominee has also expired or nomination was not made as per rules.

If the total amount including interest payable is upto rupees one lakh it may be paid to the
legal heirs on production of (i) letter of indemnity (ii) an affidavit (iii) a letter of disclaimer on
affidavit (iv) a certificate of death of the depositor on stamped paper in the form as in
Annexure to Form F.

Premature closure of Account

On an application in Form E the depositor may be permitted to withdraw the deposit and
close the account at any time after the expiry of one year from the date of opening of the
account subject to the following conditions :-
(a) In case the account is closed after the expiry of one year but before the expiry of two
years from the date of opening of the account, an amount equal to one and half percent of
the deposit shall be deducted and the balance paid to the depositor.
(b) In case the account is closed on or after the expiry of two years from the dat of opening
of the account, an amount equal to one percent of the deposit shall be deducted and
balance paid to the depositor.
Transfer of Account
A depositor may apply on Form G for transfer of his account from one deposit office to
another in case of change of residence.
 Know Your Customer Standards and Anti-Money Laundering Measures
......................................................................................................................................................................................
1. Preamble
2. Definition of Money Laundering
3. Obligations under Prevention of Money Laundering (PML) Act, 2002
4. Money Laundering - Risk Perception
5. Policy Objective
6. Scope
7. Definition of a customer
8. Key Elements of the Policy
8.1 Customer Acceptance Policy
8.2 Customer Identification Procedure
8.3 Monitoring of Transactions
8.4 Risk Management
9. Customer Education
10. Introduction of New Technologies
11. KYC for the existing accounts
12. Branches and subsidiaries outside India
13. Correspondent Banking
14. Principal Officer (Money Laundering Reporting Officer)

15. Review of the Policy

 Know Your Customer Standards and Anti-Money Laundering Measures
......................................................................................................................................................................................

1 Preamble :In terms of the guidelines issued by the Reserve Bank of India on the 29th
November, 2004 on Know Your Customers (KYC) Standards - Anti Money Laundering
(AML) Measures, banks are required to put in place a comprehensive policy framework
covering KYC Standards and AML Measures. The guidelines issued by the Reserve
Bank of India take into account the recommendations made by the Financial Action Task
Force (FATF), an inter governmental agency, on AML Standards and on combating
financing of terrorism. The guidelines also incorporate aspects covered in the Basel
Committee document on customer due diligence which is a reflection of the international
financial community's resolve to assist law enforcement authorities in combating
financial crime. This policy document is prepared in line with the RBI guidelines and
incorporate the Bank's approach to customer identification procedures, customer
profiling based on the risk perception and monitoring of transactions on an ongoing
basis.
2 Definition of Money Laundering :Section 3 of the Prevention of Money Laundering
(PML) Act, 2002 has defined the "Offence of money laundering as under :-

"Whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly

is a party or is actually involved in any process or activity connected with the
proceeds of crime and projecting it as untainted property shall be guilty of offence of
money laundering."

Money launderers use the banking system for cleansing 'dirty money' obtained from
criminal activities with the objective of hiding/disguising its source. The process of
money laundering involves creating a web of financial transactions so as to hide the
origin and true nature of these funds.

For the purpose of this document, the term money laundering would also cover financial
transactions where the end use of funds goes for terrorist financing irrespective of the
source of the funds.
3 Obligations under Prevention of Money Laundering (PML) Act, 2002
Section 12 of PML Act, 2002 places certain obligations on every banking company,
financial institution and intermediary, which include.

• maintaining a record of prescribed transactions-

• furnishing information of prescribed transactions to the specified authority
• verifying and maintaining records of the identity of its clients.
• preserving records in respect of (i), (ii) (iii) above for a period of ten years from
the date of cessation of transaction with the clients.

These requirements would come into effect after Govt. of India frames rules under the
Act.
4 Money Laundering - Risk Perception: Money Laundering activities expose the Bank
to various risks such as operational risks, reputation risk, compliance risk and legal risk.
5 Policy Objectives
• To prevent criminal elements from using the Banking System for money
laundering activities.
• To enable the Bank to know / understand the customers and their financial
dealings better, which in turn would help the Bank to manage risks prudently.
• To put in place appropriate controls for detection and reporting of suspicious
 activities in accordance with applicable laws/laid down procedures.
• To comply with applicable laws and regulatory guidelines.
• To take necessary steps to ensure that the concerned staff are adequately
trained in KYC/AML Procedures.
6 Scope :This policy is applicable to all branches/offices of the Bank and is to be read in
conjunction with related operational guidelines issued from time to time.
7 Definition of a Customer :A customer for the purpose of this policy is defined as :

• A person or an entity that maintains an account and/or has a business

relationship with the Bank.
• One on whose behalf the account is maintained (i.e. the beneficial owner).
• Beneficiaries of transactions conducted by professional intermediaries such as
Stock Brokers, Chartered Accountants, Solicitors etc. as permitted under the
law, and
• any person or entity connected with a financial transactions.
8 Key Elements of the Policy :

• Customer Acceptance Policy

• Customer Identification Procedures
• Monitoring of Transactions; and
• Risk Management
8.1 Customer Acceptance Policy The Bank will :

• classify customers into various risk categories and based on risk perception
decide on acceptance criteria for each category of customers;
• accept customers after verifying their identity as laid down in Customer
Identification Procedures;
• Not open accounts in the name of anonymous/fictitious/benami persons;
• strive not to inconvenience the general public, especially those who are
financially or socially disadvantaged.
8.2 Customer Identification Procedures :The first requirement of customer identification
procedures is to be satisfied that a prospective customer is who he/she claims to be.

The second requirement of customer identification procedures is to ensure that

sufficient information is obtained on the nature of the business that the customers
expects to undertake and any expected or predictable pattern of transactions.

The information collected will be used for profiling the customer.

Identity to be verified for :-

• The named account holder

• Beneficial owners
• Signatories to an account and
• Intermediate parties.
The Customer Identification Procedures are to be carried out at the following stages

• While establishing a banking relationship

• when the Bank feels it is necessary to obtain additional information from the
existing customers based on the conduct or behavior of the account.
 Wherever applicable, information on the nature or business activity, location, mode of
payments, volume of turnover, social and financial status etc. will be collected for
completing the profile of the customer.

Customers will be classified into three risk categories namely High Medium and Low,
based on the risk perception. The risk categorization will be reviewed periodically.

Customer Identification will be carried out in respect of non-account holders approaching

bank for high value one-off transaction as well as any person or entity connected with a
financial transaction which can pose significant reputational or other risks to the Bank.
8.3 Monitoring of Transactions : Monitoring of transactions will be conducted taking into
consideration the risk profile of the account. Special attention will be paid to all
complex, unusually large transactions and all unusual patterns which have no apparent
economic or visible lawful purpose. Transactions that involve large amounts of cash
inconsistent with the normal and expected activity of the customer will be subjected to
detailed scrutiny.

After due diligence at the appropriate level in the Bank, transactions of suspicious
nature and/or any other type of transaction notified under PML Act, 2002 will be
reported to the appropriate authority and a record of such transactions will be
preserved and maintained for a period as prescribed in the Act.
8.4 Risk Management :While the Bank has adopted a risk based approach to the
implementation of this policy. It is necessary to establish appropriate framework
covering proper management oversight, systems, controls and other related matters.

Bank's Internal Audit of compliance with KYC/AML Policy will provide an independent
evaluation of the same including legal and regulatory requirements. Concurrent/Internal
Auditors shall specifically check and verify the application of KYC/AML procedures at
the branches and comment on the lapses observed in this regard. The compliance in
this regard will be placed before the Audit Committee of the Board at quarterly intervals.

All employees training programmes will have a module on KYC Standards - AML
Measures so that members of the staff are adequately trained in KYC/AML procedures.

The Principal Officer designated by the Bank in this regard will have an important
responsibility in managing oversight and coordinating with various functionaries in the
implementation of KYC/AML Policy.
9 Customer Education :The Bank recognizes the need to spread awareness on KYC,
Anti Money Laundering measures and the rationale behind them amongst the customers
and shall take suitable steps for the purpose.
10 Introduction of New Technologies : Bank will pay special attention to the money
laundering threats arising from new or developing technologies and take necessary
steps to prevent its misuse for money laundering activities. Bank will ensure that
appropriate KYC Procedures are duly applied to the customers using the new
technology driven products.
11 KYC for the existing accounts :While the KYC guidelines will apply to all new
customers, the same would be applied to the existing customers on the basis of
materiality and risk. However, transactions in existing accounts would be continuously
monitored for any unusual pattern in the operation of the accounts. On the basis of
materiality and risk the existing accounts of companies, firms, trusts, charities, religious
organizations and other institutions are subjected to minimum KYC standards which
would establish the identity of the natural/legal person and those of the 'beneficial
owners' Similarly, the Bank will also ensure that term/recurring deposit accounts are
subject to revised KYC procedures at the time of renewal of the deposits on the basis of
 materiality and risk.
12 Branches and subsidiaries outside India :This policy shall also apply to the branches,
subsidiaries and majority owned joint ventures located abroad to the extent local laws
permit. Based on this policy, each foreign office is required to put in place an Anti Money
Laundering Policy (duly approved), which shall also contain, the KYC guidelines and
Suspicious Activity Reporting (SAR) Procedures as may be required by the rules and
regulations of the host country.
13 Correspondent Banking :This Policy will apply to our dealings with correspondent
banks. For correspondent banking relationship an appropriate due diligence procedure
will be laid down keeping in view KYC Standards existing in the country where the
correspondent bank is located and the track record of the correspondent bank in the
fight against money laundering and terrorist financing.
14 Principal Officer (Money Laundering Reporting Officer) :Bank will designate a senior
officer as Principal Officer who shall be responsible for implementation of and
compliance with this policy.

His illustrative duties will be as follows -

• Monitoring the implementation of the Bank's KYC/AML Policy.

• Reporting of Transactions and sharing of the information as required under the
law.
• Maintaining liaison with law enforcement agencies.
• Ensuring submission of periodical reports to the Top Management/Board.
15 Review of the Policy :The Policy will be reviewed at yearly intervals or as and when
considered necessary by the Board.
 History
......................................................................................................................................................................................
Brief History of the Bank

State Bank of Bikaner and Jaipur was established in 1963 after amalgamation of erstwhile
State Bank of Jaipur (established in 1943) with State Bank of Bikaner (established in 1944)
as a subsidiary of State Bank of India. The Bank's main area of operation is in the State of
Rajasthan, with a presence at all important centres in the country. The Bank has 860
branches spread over the country.

The Bank follows transparent corporate governance policies and has smoothly migrated to
Basel II. On the technology front, the Bank migrated all branches to Core Banking Solution
(CBS) and became among the first few banks in India to offer online banking facility across
the country. The Bank has installed 495 ATMs and is part of the State Bank Group networks
of ATMs. Internet Banking has been extended to all branches for retail and corporate
customers. The Bank has rolled out Business Process Reengineering (BPR) initiatives to
improve operational efficiency and better customer service and is committed to offer value
added services to its customers.

The Bank has been earning profit continuously since its inception and its business has
crossed the level of Rs 69,000 crore with a net profit of Rs. 403.45 crore at the end of
March,2009.

KEY PERSONS :

Shri Arun Shandilya, Managing Director

Shri Supratik Chatterjee, Chief General Manager