NEWS & ADVICE : FIXED DEPOSITS
Bank of Rajasthan raises fixed deposit rates
By Vaibhav Aggarwal
Oct 3, 2008
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Bank of Rajasthan has declared an interest rate increase on its fixed deposits of different maturities. The bank's move to revise its deposit rates for certain tenure in the upward direction will give its millions of customers a reason to cheer.

The interest rate for a period ranging between 1 year and 2 years has been revised to 10.60%per annum from 10.25% per annum earlier. The rate for senior citizens for same tenure has been raised to 10.85% per annum from 10.75% per annum. This tenure provides one of the highest returns in market and will prove ideal for customer seeking to invest their money in a medium-term fixed deposit.

Interest rates under other maturity periods have been same but the senior citizens category will see a hike of 0.50% over the normal rates in all its deposits.

All these rates are effective from October 1st.

BoR has been expanding with time and has stayed ahead in providing customer friendly services.

Bank of Rajasthan is a leading Private Sector Bank with prominent presence in Rajasthan and having branches all over India. The Bank Of Rajasthan Ltd. was established at Udaipur, Rajasthan on May 8, 1943 with an initial capital of Rs.10 lakhs. It became a scheduled bank in 1948. The Bank was among the first banks to take banking at the door step of customers by introducing the concept of mobile branches, when it opened its first mobile branch in Jaipur on August 5, 1960. Bank of Rajasthan became one of the earliest banks in private sector sponsoring any rural (Gramin) bank, when it established the Mewar Anchlik Gramin Bank in Udaipur District in Rajasthan on January 26, 1983.

Presently, Bank of Rajasthan has a network of 398 Branches and 37 Extension counters spread all over India.

 


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