Hello Buddy , I want to know What is the Eligibility and Interest Rate for Saral Bachat Khata of State Bank of Bikaner and Jaipur , Can you please tell me ?

SARAL BACHAT KHATA is a No Frill Account for Financial Inclusion.

To Facilitate Low-Income Group Customers, SBBJ Offers Small Account (Saral Bachat Khata ) where minimum balance requirement is Nil.

The account can be opened on the basis of introduction from an existing customer of the Bank with minimum initial deposit of Rs. 5/-.

Photo of the customer will be required.

Features

Minimum deposit can be Rs. 1000/-.

Deposits can be accepted for upto 10-year period.

Interest is payable at quarterly intervals.

Option to withdraw interest at monthly (discounted)/ quarterly intervals

Suitable to meet monthly expenditure

TDS is deductible as per rules.

Pre mature withdrawal facility available. Alternatively avail loan on deposit.
Eligible Applicants :



Resident Individuals, Body of individuals
Non- individuals like Hindu Undivided family (HUF), sole proprietorship firms; partnership firms companies, Association of persons etc
Non -resident Indians Not Ordinary Resident assesses.
Artificial judicial persons who have capital gains, taxable in India


Minimum Amount
Rs. 5000 in case of Term Deposits and

Rs. 1000 in case of Saving Banks a/c

Period of Deposit

Not exceeding 2/3 years from the date of transfer of original asset as given below-

2 years - if capital gains is U/s 54B, 54 F. 54 G

3 Years - if capital gains is U/s 54, 54 D

Interest Rate

As applicable to normal Savings and Term Deposits for respective maturities