NRI Services

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.