New Delhi: Bank of Rajasthan, a technology driven private sector bank, has announced an increase in interest rates on fixed deposits across different tenure with effect from 1 October.
Bank has tuned itself to be with time once again and has revised upward interest rates for certain tenure that will benefit banks millions of customers across the country.
BoR is staying ahead in the race for customer friendly gesture.
Interest rate for the period of 1 year to 2 years has been hiked from 10.25% per annum to 10.60% per annum whereas rate for senior citizen for this tenure has been hiked from 10.75% per annum to 10.85% per annum. This tenure provides one of the highest yields in the market i.e. 11.03% per annum and is ideal for customers looking to invest in a medium term fixed deposit.
Interest rate for senior citizens for other maturity period will be 0.50% over the normal rate mentioned in the table.