2023 2024 MBA - State Bank of Bikaner and Jaipur Fixed Deposit Form

State Bank of Bikaner and Jaipur offer fixed income savings solutions in the form of fixed deposits that can be availed of at any of their numerous branches or through online methods where available.

Eligibility

Any individual who happens to be a citizen of India can apply to open a fixed deposit with State Bank of Bikaner and Jaipur.
Minors are also allowed to open fixed deposits which can be opened as joint accounts or individual accounts.
NRIs too can apply to open FDs under certain schemes offered by the bank.
HUFs, private companies, public sector undertakings, proprietorship firms, societies, etc. can also open FDs with SBBJ.

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State Bank of Bikaner and Jaipur offers its customers many benefits through their fixed deposit schemes. Some of these benefits are:
• Nomination facility
• Loans against fixed deposits
• Tax benefits under section 80C
• Tax benefits under sections 54, 54B, 54D, 54F and 54G

The minimum amount that can be deposited in an FD depends on the scheme one opts for. As such the least amount that one can use to open a fixed deposit is ₹ 1,000.

Since it allows for bulk deposits, the maximum amount that can be deposited in an FD with them is ₹ 10 Cr.

The minimum and maximum periods for which funds can be held in a fixed deposit with Bank depends on the scheme under which the FD is opened, however, the absolute minimum is 7 days and the maximum time is 10 years.

The interest rates offered on fixed deposits depend on the amount one wish to deposit and the duration of the deposit. As such the lowest interest rate one can expect from the bank is 5.5% per annum and the maximum is 8.5% per annum.

It also offers special interest rates for senior citizens, current employees and ex-employees of the bank.