Combine the water and sugar in a saucepan and bring it to boil till the syrup looks thick. There is no need to check consistency.
Add in the remaining ingredients and cook for another couple of minutes. Switch off.
For making the jamuns, take off the sides of the bread. Pulse it in your grinder till powdered.
Add the remaining dry ingredients and mix well. Add milk little by little to make a smooth dough without any cracks.
Rub your hand with some oil and make the dough into small rounds without cracks. Set aside.
Heat oil till hot. When a drop of dough is put, it will sizzle up.
Drop in a few of jamuns and fry till golden brown. Drain and set aside on a kitchen towel. Repeat till all the dough is done.
Drop all the jamuns into the warm sugar syrup and keep closed. Let it soak up for half an hour.
Serve as is or with a scoop of ice cream!