NEWS & ADVICE : FIXED DEPOSITS
Senior Citizens to earn higher returns on Bank of Rajasthan’s fixed deposits
By Neelima Shankar
Oct 16, 2008
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Bank of Rajasthan has declared exciting Fixed Deposit Rates for senior citizens. The bank's fixed deposits with a maturity ranging between 1 year and 2 years are now offering an interest rate of 11.10% to the senior citizens against the earlier rate of 10.85% per annum. The regular depositors will earn a return of 10.60% for the same deposit.

Bank of Rajasthan had earlier raised its interest rates on its fixed deposits on with different maturities. The past revision had come into effect from October 1st.

The current revision of the bank has come into effect from October 13th and continues to witness its trend of offering higher returns on fixed deposit than other banks in the industry.

This rate is open to both existing and potential customers of Bank of Rajasthan.

The bank's interest rates are applicable on domestic term deposits including NRO deposits.

The revised interest rate table:

Maturity periodInterest rate to PublicInterest rate to Senior Citizens

7days to 14 days

4%

4.50%

15 days to 45 days

5.25%

5.75%

46 days to 90 days

5.50%

6.00%

91 days to 120 days

6.00%

6.50%

121 days to 179 days

8.00%

8.50%

180 days to 364 days

9.00%

9.50%

1 year to 2 years

10.60%

11.10%

Above 2 years to 3 years

9.50%

10.00%

Above 3 years

9.25%

9.75%

To compare and calculate interested earnings from these deposits, access Rupeetimes.com Fixed Deposit Interest Calculators.

Bank of Rajasthan is one of the fastest growing technology driven and customer friendly private sector bank. From time to time, the bank offers good schemes on fixed deposits across all categories and tenures for Indian residents.

 

 

 

 

 


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