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State Bank of Bikaner and Jaipur is an associated bank of State Bank of India. As of 2015, it has 1360 branches, mostly located in the state of Rajasthan. The genesis of the Bank dates back to the year1943-44, when the Bank of Jaipur Ltd. and the Bank of Bikaner Ltd. came into existence. In 1960, both these banks were incorporated as subsidiaries of State Bank of India and named as State Bank of Bikaner and State Bank of Jaipur. Again, both banks were merged into one entity, namely, State Bank of Bikaner and Jaipur on January 1, 1963. On 25th April 1966, SBBJ took over Govind Bank (Pvt.) Ltd., Mathura. It sponsored and established Ganganagar Kshetriya Gramin Bank as a Regional Rural Bank in 1984.
About State Bank of Bikaner and Jaipur
In the following year, SBBJ opened the Bikaner Kshetriya Gramin Bank, the second Regional Rural Bank sponsored by it. The Bank has designed a plethora of services and schemes under Personal Finance to satisfy the varying requirements of each and every customer. Further, it also offers the convenience of networked branches/ATMs and facility like E-Channels such as Internet and Mobile Banking. The Bank maintains absolute transparency in all its operations; to add to that, it levies interest rates on a daily reducing balance method, and has lowest processing charges.
Vision and Mission
The ethos, values, culture, and aspirations of the Bank have been codified in its Vision and Mission statements. These were last revised in the year 2000 and a need to revise them was felt in order to be more compatible with the changing market conditions. The statements, as revised in the year 2009-10, are as follows –
The vision of the Bank is to be a state-of-the-art, customer-centric, value-driven, and professionally managed banking organization. It aims to be committed to the highest standards of quality corporate governance practices, perpetual enhancement of the shareholders’ wealth, and welfare of the all the stakeholders and the society in general.
According to the bank’s mission, it aspires to provide one stop solutions to all the banking needs of the customers through a highly motivated, professional and efficient pool of human resources. The Bank focuses on extending customer care by optimum utilization of Information Technology in a cost effective manner, meeting the stakeholders’ expectations through transparent, true and fair disclosures and responsive management principles in all the activities. State Bank of Bikaner and Jaipur strives relentlessly to fulfill corporate social responsibility with added emphasis on financial inclusion throughout the State of Rajasthan.
State Bank of Bikaner and Jaipur Loans
State Bank of Bikaner and Jaipur Home Loan: This loan can be availed for the purchase of plot/house/flat, construction, extension, renovation, and refurbishing. According to the key features of the scheme, the amount of loan depends on the applicant’s income. The repayment period is a maximum of 30 years including moratorium period. The repayment is to be completed by the time the borrower attains 70 years of age. SBBJ steers you through the journey of getting a dream house with a number of advantages, including high eligibility for businessmen, doorstep service, attractive interest rates, simplified documentation, and quicker turnaround time.
According to the housing loan scheme for NRIs, individuals over 21 years of age with a steady source of income and holding a valid Indian Passport can avail this loan. It is also offered to Persons of Indian Origin (PIO), other than citizens of Bangladesh, Pakistan, Afghanistan, Bhutan, Sri Lanka, or Nepal. He/she should have held at any time an Indian Passport, or he/she or either his/her parents or any of its grandparents was a citizen of India by virtue of the Constitution of India or the Citizenship Act 1955.
State Bank of Bikaner and Jaipur Personal Loan: One can apply for this loan to meet a variety of personal expenses, be it school fees, family wedding, home improvement, a long-awaited trip, etc. permanent employees of Central/State Govt., Quasi Govt., reputed PSUs, profit making public limited companies, reputed institutions and MNC’s corporates who enjoy credit facilities from the Bank with a credit rating of SBBJ-1 and SBBJ-2 are eligible for this loan. Employees of reputed institutions with a minimum of 2 years service and drawing salary through account maintained with SBBJ also satisfy the eligibility criteria. The minimum Net Monthly Income of the borrower should be Rs. 9000 pm. The loan amount is 24 times of Net Monthly Income by way of demand loan with an upper ceiling of Rs. 15 lacs and a lower limit of Rs. 0.50 lacs. The repayment is to be done through 60 months EMI subject to repayment of loan up to maximum of superannuating age.
State Bank of Bikaner and Jaipur Loan Against Property: This is an all purpose loan that is given against the security of existing property. Interest on Mortgage Loans is generally lower than rates on other consumer loans, which is a hugely beneficial thing for customers. Easy repayment options and absolute transparency are other advantages of this scheme. Any permanent employee, self-employed person, professional, can apply for this loan with a minimum NMI of Rs. 25,000. For businessmen and agriculturists, the annual income should be Rs. 300000. The minimum loan amount is Rs. 1 lac, while the maximum quantum of finance is Rs. 100 lacs. The repayment is to be done in 84 EMIs over a period of 120 months. It is to be completed by the time the borrower reaches 70 years of age.