Take sugar and water in a sauce pan, heat and bring it to a boil, boil it for 5 mins, it will get thick in this time. Add in rose water and saffron and pour this into a large bowl. Keep warm
Take crumbled paneer, mash them really well.
Add in baking soda and flour. Knead to a soft smooth dough.
Now take small portion of the dough, roll it into a smooth ball.
Heat oil for deep frying, drop jamuns in hot oil and fry on a medium heat till golden. Keep mixing this for even colouring.
Now drain them and add to the warm syrup immediately.
Let them soak for 30 mins or more..
Remove the jamuns carefully into a bowl and chill. Serve cold or hot.