The Bank Of Rajasthan Ltd.-Together We Prosper

DEPOSIT & MONEY PLACEMENT SERVICES

1. SAVINGS BANK ACCOUNTS

"Savings Bank Account " is deposit providing any time liquidity with interest earnings.

Question	Answer
Who can open the account?	An Individual singly or jointly, HUF, Trust, Societies, Associations etc. can open a savings bank account with a prescribed minimum balance. A minor who has attained the age of 10 years can also open a savings bank account independently.
Facility	The account under the scheme facilitates acceptance and withdrawal of deposits in and making payment by cheques.
Interest	Attract interest , presently @ 3.5% p.a. paid at half yearly interval
Tax Deduction at Source.	No
Standing Instruction.	Accepted
Nomination.	Accepted
Transferability option	Available within Bank's Branches.

2. CURRENT DEPOSITS Accounts

"Current Deposit Account " is demand deposit and is meant for businessmen, firms, companies, corporations, trusts and individuals with no restriction on number of drawals.

Question	Answer
Who can open the account ?	An Individual singly or jointly, Sole proprietary business concern ,Partnership or joint stock Company, HUF firms, Limited Companies, Trusts, Association, Local Bodies, Societies, Executors and Administrators, Govt./Semi Govt. Undertakings, Agents on behalf of principal etc. can open the account under the scheme with a prescribed minimum balance.
Interest	No interest payable
Nomination	Accepted in the accounts of individual(s) and sole-proprietorship concerns only.
Standing Instruction	Accepted
Transferability option	Available within Bank's Branches
Other facility	Can be used for secured overdraft facility
Service Charges	Reasonable charges depending on the volume of transactions and balance maintained

3. RECURRING SAVINGS DEPOSITS (RSD) Accounts

Most suitable for the customers who desire to invest their monthly surplus funds of a fixed amount for a fixed period and reinvest the accured / earned interest thereon at an attriactive rates of interest. The depositors can set the target for maturity amount, period & enjoy the benefit of quarterly compounding of interest..

Question	Answer
Who can open the account?	An individual singly/ jointly. Natural guardian for his /her minor.Minor above 10 years in his/her own name. Joint Hindu Family (HUF) provided the HUF is not engaged in the trading or business activity. Trust, Society, Club, School etc. can open the account with a minimum of Rs. 100/- in multiple of Rs. 5/- on monthly basis. Maximum amount in case of minor's account Rs.500/- p.m.
Interest	Applicable as per term deposits rates table.
Tax Deduction at Source	Not applicable.
Nomination	Accepted
Standing Instruction Facility	Accepted
Transferability option	Available within Bank's Branches
Period	Monthly instalments can be from 6 months to 120 months with quarterly interval
Other facility	Loan or overdraft against the deposit is permissible.Premature payment is permissible.

Rates of Interest on Term Deposits (Domestic) w.e.f 25.08.2008

PERIOD	Rate of Interest	Annualized Yield at the minimum stage of the slab
7 Days to 14 Days*	4.00%	4.00%
15 Days to 45 Days	5.25%	5.25%
46 Days to 90 Days	5.50%	5.50%
91 Days to 120 Days	6.00%	6.00%
121 Days to 179 Days	8.00%	8.00%
180 Days to 364 Days	9.00%	9.10%
1 year to 2 years	10.25%	10.65%
Above 2 years to 3 years	9.50%	10.33%
Above 3 years	9.25%	10.52%

* Minimum Rs. 1.00 Lacs

Additional interest @ 0.35% over the normal rate for maturity period of 1 year to 2 years and @ 0.50% over the normal rate for other maturity periods will be given to resident senior citizens.
Additional interest @ 1.00% over the normal rate will be given to members / retired members of staff. However, in case of senior citizens who are also retired members of staff, only the benefit of 1.00% additional interest payable in capacity of retired member of staff will continue.
Penalty for premature payment as well as premature renewal of term deposits accepted and renewed on or after 04.12.2006 will be charged in the form of interest @ 1.00% below the rate applicable for the period for which the deposit has remained with the Bank as per Circular No. 58/Dep/20/8121/2006 dated 02.12.2006.
Other terms and conditions stated in the previous circular remain the same.
It may further be noted that above mentioned rates of interest are not applicable on Interbank deposits. Branches are advised to approach T&I Deptt. for acceptance / placement of inter bank deposits and should continue to be guided by circular No. 51/Dep/15/5609/99 dated 14.12.1999 for such deposits.
Branches are advised to approach Shri B.S. Gupta, Product Head(Deposits), Corporate Office, Mumbai for quoting / bidding higher interest rates on bulk deposits of Rs. 50 lacs & over. However, in cases where the deposits have been accepted at rates higher than the card rates, the interest in case of premature payment should be paid at the applicable card rate for the period for which the deposit has actually run with penalty as applicable and higher preferential rate should not be paid.

TERM DEPOSIT SCHEMES (DOMESTIC)

(Interest due/accrued on all Bank deposits below Rs.5000/- in a financial year is exempted from Income tax under section 80L)

Fixed Deposit scheme

Aravali deposit scheme or Reinvestment plan

Jan Hiteshi Deposit

Nidhi Sanchay Yojna

Sugam Jama Yojna
Suvidha Bachat Yojna
Flexi Deposit scheme

a) FIXED DEPOSIT SCHEME

This scheme is suitable for the depositors to invest their funds at the attractive rates of interest for a fixed period.

Question	Answer
Who can open the account?	Individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. can open the account under the scheme.
Minimum Amount	Rs. 1000/- at rural and semi urban branches and Rs.2000/- at urban and metro branches.
Maximum Amount	No Ceiling except in case of minor's account is Rs.50,000/-.
Period	In days : 15 to 364 days In Months : 03 to 120 months
Interest	Applicable as per term deposits rates table & payable on half-yearly/ quarterly basis.
Tax Deduction at Source	Applicable
Nomination	Accepted
Transferability option	Available within Bank's Branches except branches in same city.
Other facility	Loan or overdraft against the deposit is permissible.Premature payment is permissible.

b) ARAVALI DEPOSIT SCHEME

This is a reinvestment plan and has been designed to facilitate maximum return to the depositors by way of reinvesting the amount of interest accured/ earned at the same rates at which the deposit was initially accepted.

Question	Answer
Who can open the account?	Individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. can open the account under the scheme.
Minimum Amount	Rs. 1000/- at rural and semi urban branches and Rs.2000/- at urban and metro branches.
Maximum Amount	No ceiling except in case of minor's account is Rs.50,000/-.
Period	Min. 06 months (in multiple of three months) & Max. 120 months
Interest	Applicable as per term deposits rates table & compounded on quarterly basis. Maturity value is payable on contracted due dates.
Tax Deduction at Source	Applicable
Nomination	Accepted
Transferability option	Available within Bank's Branches except branches in same city.
Other facility	Loan or overdraft against the deposit is permissible. Premature payment is permissible.

c) JAN HITESHI DEPOSIT SCHEMES

This scheme is designed specially for those persons who want to earn regular monthly / quarterly income by way of interest. The principal amount remains intact.

Question	Answer
Who can open the account?	Individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. can open the account under the scheme.
Minimum Amount	Rs. 2,500/- at rural and semi urban branches and Rs.5000/- at urban and metro branches & multiple of Rs.100/-.
Maximum Amount	No ceiling except in case of minor's account is Rs.50,000/-.
Period	Min. 12 months (in multiple of three months) & Max. 120 months
Interest	Applicable as per term deposits rates table. Interest is payable monthly or quarterly at the choice of the depositor.
Tax Deduction at Source	Applicable
Nomination	Accepted
Transferability option	Available within Bank's Branches except branches in same city.
Other facility	Loan or overdraft against the deposit is permissible.Premature payment is permissible.

d) NIDHI SANCHAY YOJNA

(Automatic renewal scheme) Suitable for depositors to park deposits for short term matuirities (presently, as minimum as 15 days) and convnience of automatic renewal (on due dates). The depositor is not required to visit the bank time and again for renewal since the deposit renewed automatically in the cycle of 15 days alongwith interest.

Question	Answer
Who can open the account?	Individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. can open the account under the scheme.
Minimum Amount	Rs. 1,000/- & multiples of Rs. 1000/-
Maximum Amount	No ceiling except in case of minor account is Rs.50,000/-.
Period	15 days
Interest	Applicable as per term deposits rates table.
Tax Deduction at Source	Applicable
Nomination	Accepted
Transferability option	Available within Bank's Branches except branches in same city.
Other facility.	Loan or overdraft against the deposit is permissible.Premature payment is permissible.

e) SUGAM JAMA YOJNA (SJY)

The scheme (flexible deposit scheme) offers dual advantage of high rates of interest along with the facility of part withdrawal in case of need. The amount remaining with the bank continues to earn interest at contracted rates without loss of interest on total deposit.

Question	Answer
Who can open the account?	Individuals Singly/Jointly, Firms, Corporate bodies, Associations, Trust, Corporation, Semi Govt. and Govt. Organizations etc. can open the account under the scheme.
Minimum Amount	Rs. 10,000/- for individuals and firms and Rs.50,000/- for corporate bodies, associations, Semi Govt. and Govt. organiations.
Maximum Amount	No ceiling except in case of minor's account is Rs.50,000/-.
Period	Min. 03 months (in multiple of three months) & Max. 120 months
Interest	Applicable as per term deposits rates table.
Tax Deduction at Source	Applicable
Nomination	Accepted
Transferabilityoption	Available within Bank's Branches except branches in same city.
Other facility	Withdrawal in multiples of 10 units of Rs. 100 each is permissible.

f) SUVIDHA BACHAT YOJNA

A Scheme to save at convience and earn higher interest.

Question	Answer
Who can open the account?	Individuals Singly/Jointly can open the account under the scheme.
Amount	Min. Rs. 100/- & Max. Rs. 25,000/- per month (in multiples of Rs. 100/-). Variable monthly instalment Rs. 100/- or above with a max. of 10 times the initial deposit or Rs. 25,000 which ever is less is accepted.
Period	Min. 12 months & Max. 120 months with quarterly interval
Interest	Applicable as per term deposits rates table.
Tax Deduction at Source	Applicable
Nomination	Accepted
Transferability option	Available within Bank's Branches except branches in same city.
Other facility	Loan or overdraft against the deposit is permissible. Premature payment is permissible.

g) Flexi Deposit Scheme

Question	Answer
Eligibility	1. Any resident individual singly or jointly , including a minor through his guardian can open the account. The customer must have one operative Saving Bank / Current account which is to be linked with Flexi Deposit. 2. Partnership firms, Companies, Corporations, Co-operative Societies etc. can also open accounts under this scheme. The customer must have an operative current account which is to be linked with flexi deposit..
Min. Balance in Flexi Deposit A/c	1. SB A/c holder may open Flexi Deposit A/c with Rs. 5,000/- and current account holder may open Flexi Deposit A/c with Rs. 20,000/- as min. initial deposit , future deposits in the account will be in multiple of Rs. 5,000/-. 2. Partnership firms, Companies, Corporations, Co-operative Societies can open an account under this scheme with a minimum of Rs.25.00 lacs and in multiples of Rs.25.00 lacs..
Min. Balance in Operative Saving Bank/Current A/c	1. In case of SB A/c Min. balance will be Rs. 5,000/- whereas in case of CD A/c min. balance of Rs. 25,000/- shall have to be maintained. The amount in multiples of Rs. 5,000/- above the prescribe minimum balance in respective account shall be transferred to flexi Deposit A/c before completion of Day end activity. 2. In case of current account of partnership firms, companies, Corporations, Co-operative Societies etc. minimum balance will be Rs.100 lacs.
Period	The Flexi Deposit account can be opened for 15 days to 90 days (in days) and for 3 months to 12 months (in months) as per the standing instructions of the customer.
Rate of Interest	The Flexi Deposit account is a term deposit and the rate applicable on term deposit as per rules will be paid. Senior Citizens will also get additional benefit as per rules
Facility of Reverse Sweep	1. The scheme has inbuilt option of reverse sweep also that means when a cheque / withdrawal is presented for payment in linked SB/CD A/c number of units in multiples of Rs. 1,000/- will be paid before maturity. The premature payment of units will be made on last in first out method. 2. In case of partnership firms, companies, Corporation, Co-operative Societies etc. reverse sweep will be in multiple of Rs.5.00 lacs by Last In First Out (LIFO) method. Note: The facility of auto sweep and Reverse Sweep is also available in Flexi Fixed Deosit accounts of Co-operative Banks having minimum balance of Rs.1.00 lac in linked current account.
Facility of Automatic Renewal	As per instructions of the customer the deposit matured can be renewed automatically on the due date.
Nomination	The facility of nomination is also available in the Flexi Fixed Deposit Scheme.

5. CERTIFICATE OF DEPOSITS

Scheme for deploying surplus funds at market driven rates of interest.

Question	Answer
Who can Subscribe the Deposit ?	All individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. Non-resident Indian may also subscribe only on re-partriable, and non-transferable basis in the secondary market
Amount (face value i.e. maturity value)	Min. Rs. 5.00 lacs & further in multiples of Rs. 1.00 lacs. Issued at discounted price.
Period	3 months to 12 months
Interest	Mutually agreed rates of interest.
Tax Deduction at Source	Not Applicable
Transferability	Tranferable by endorsement & delivery after 15 days of issue.
Others	Loan / premature payment is not allowed. Stamp duty borne by the bank.