• Current A/c
  • Saving Bank
  • Term Deposits
  • Recurring deposits
  • Daily deposits

Scheme for term deposits
  • Dhan Vradhi Yojana for one year.
  • Anupam Jama Yojana for 63 month (Cash Certificate).
  • Corporate Salary Package.
  • Rajasthan Bank Flexi Deposit scheme.

Products & Benefit:
Flexi Fixed Deposit products offer liquidity in the shape of Savings / Current deposit funds as well as higher returns as are available on fixed deposit funds. Moreover, there is also an element of flexibility as the depositor can meet funds requirement without loosing the interest, since transfer of funds to Savings /Current account is made available as an in-built arrangement whenever required by the depositor. In nutshell, the scheme enables a depositor to get returns on his/her funds as a fixed deposit but at the same time retaining the character of liquidity which is available in Savings Banks/Current Account.

The Scheme is made available at BOTH THE Branches. Customer will have to fulfil following conditions for its availment:

  • Customer will have to open an operative Account (Savings or Current) under the Scheme (Flexi Fixed Deposit), if not maintaining one already. The Account Opening Form (AOF) shall continue to be the same as required for SB / CA. While obtaining Account Opening Form, the type of account will be marked as "FLEXI FIXED" on the AOF itself. The customer shall not be required to undergo formalities of getting issued separate fixed deposit receipts, whenever the funds are transferred from the Savings bank / Current account under the Auto Sweep.
  • In addition to the Account Opening Form, a Letter of Undertaking (Annexure II) and acknowledgement for Rules & Regulations (Annexure III) for carrying out the request for the fixed component of Amount and its Periodicity will be obtained from the customer (Proformae enclosed).
  • Resident Indian customers shall be eligible to open accounts under the scheme provided they maintain savings/current with average quarterly balances ranging from Rs. 5000/- to Rs. 10000/- more specifically detailed in Annexure I.
  • Flexi Fixed Deposit accounts shall be opened either singly or jointly.
  • To avail Flexi Fixed Deposit products, Staff, Ex-staff, Pensioners and Senior Citizens will have to maintain accounts under this scheme. However, concession in minimum balance requirement and penalty thereon for not maintaining minimum balance will not be available to these categories.

Minimum Amount of Deposit:
In case of new accounts, the initial deposit, as per the respective category under which the account is proposed to be opened, shall be the pre-requisite. In case of non-maintenance of minimum Average Quarterly Balance (as per Annexure I), penalty as specified against each category of Savings / Current account shall be levied in the account.

Period of Deposit:
A deposit under the scheme shall be accepted for a period of 90 days to five years in flexi saving accounts and for 15 to 45 days in flexi current accounts. By default, it is 90 days in flexi Saving accounts and 15 days in flexi Current accounts.

Payment of Interest:
The amount invested in the scheme shall attract rate of interest prescribed by the Bank on domestic Term Deposits from time to time. Simple interest shall be booked on quarterly basis but liquidation of interest will be on maturity only.

Staff / Ex-Staff and Senior Citizens will be entitled for additional rates in Flexi Fixed Deposits as applicable in Domestic Term Deposits which presently is one percent higher.

Auto Sweep (Sweep-In):
When the balance amount in FFD linked Savings Bank / Current account shall cross over the minimum balance, the excess, in multiple of Rs. 5000/- or 10000/-, as applicable for different categories as per enclosed Annexure I, will be transferred automatically to Flexi Fixed Deposit account, for the time period as mandated by the depositor at the time of opening of account under the scheme.

Reverse Sweep (Sweep-Out):
Through reverse sweep facility, the amount lying in Flexi Fixed Deposit shall be available to the depositor whenever there is a requirement of funds in his / her / their operative account i.e. savings / current account. As such, whenever the depositor issues a cheque or uses ATM card and the available balance in his/her connected Savings/Current Account is not sufficient, Reverse Sweep will automatically withdraw the required amount from Flexi Fixed Deposit account and the remaining amount in FFD will continue to earn the same rate of interest, as agreed upon in the contract. In such event, the amount from flexi fixed deposit shall be transferred to his / her / their savings / current account by following the LIFO (last in first out) method.

However, the funds to be transferred as a reverse sweep to Savings Bank/Current Account will also meet the requirement of maintaining minimum balance.

Issuance of Pass Sheet (Statement) in Lieu of Deposit Receipts:
In lieu of the regular Term Deposit Receipt, the Flexi Fixed deposit Pass Sheet shall be made available to the customers maintaining account under the scheme.

Restriction on Loan:
No loan / OD in any shape shall be allowed against deposit held in Flexi Fixed Deposit Scheme.

Tax Deduction at Source:
Interest payable is subject to TDS.

Premature Closure
The rate applicable in lase of premature with drawer shall be 1% below the rate applicable for the period of deposit remained with the bank.

As applicable to deposit amounts.

KYC Guid Lines

Notice to the Existing Depositors
With the implementation of proposed Flexi Fixed Deposit Scheme w.e.f. 1st July, 2011, all future Auto Sweep (Sweep-In) as well as Reverse Sweep shall be subject to the terms and conditions as stated hereinabove. Accordingly, the existing customers of branches letter shall be issued by the branch duly communicating about the above noted Scheme.

Flexi Fixed Deposit Scheme

Salient features of 20:20 Deposit Scheme are as under:
1 Name of Deposit Scheme 20:20 Deposit Scheme
2 Mode of Deposit Fixed
3 Interest Payment Reinvestment on quarterly periodicity
4 Minimum Amount Rs. 1000/- and further in multiple of Rs. 1000/-
5 Rate of Interest General Public-10.50% p.a. Senior Citizen- 10.75% p.a.
6 Loan on Deposit Loan facility up to 90% of the deposit as per general scheme
7 Nomination Nomination facility available
8 Pre closure TDS As per extent guide lines for fixed deposits
9 KYC Norms ID and Address proof, two passport size photos for new customers
10 Validity of Scheme Upto 31.03.2012