Bank of Rajasthan, one of the fastest growing, technology driven and customer friendly private sector bank, has announced a revision in Non-Resident (External) Rupee Deposits (NRE) and Foreign Currency Non-Resident Deposits (Banks) FCNR (B) with effect from September 01, 2008.

(A) NRE Fixed Deposits

As per the revised rates, interest rates on Non-Resident (External) Rupee deposits for :

1 year to less than 2 years has been revised to 3.21% from 3.25% p.a.

2 year to less than 3 years has been revised to 3.31% from 3.50% p.a.

and rate for 3 years and above has been revised to 3.63% from 3.86% p.a.

(B) FCNR Deposits

The interest rate on FCNR (B) deposits in U.S. Dollar for :

1 year to less than 2 years has been revised to 2.46% from 2.50% p.a.

2 years to less than 3 years has been revised to 2.56% from 2.75% p.a.

3 years & above but less than 4 years has been revised to 2.88% from 3.11% p.a.

4 years & above but less than 5 years has been revised to 3.10% from 3.34% p.a.

5 years only has been revised to 3.26% from 3.49% p.a.

The interest rates on FCNR (B) deposits in Great Britain Pounds for :

1 year to less than 2 years has been revised to 5.27% from 5.42% p.a.

2 years & above to less than 3 years has been revised to 4.65% from 4.88% p.a.

3 years only has been revised to 4.63% from 4.87% p.a.

The interest rates on FCNR (B) deposits in Euro for

1 year to less than 2 years has been revised to 4.58% from 4.62% p.a.

2 years and above but less than 3 years has been revised to 4.13% from 4.29% p.a.

3 years only has been revised to 4.03% from 4.25% p.a.

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About Bank of Rajasthan

Established way back in 1943, Bank of Rajasthan is one of the fastest growing private banks in the country, which has made rapid strides by making consistent profits for past several years. With a wide network of 463 branches in the entire length and breadth of the country, Bank of Rajasthan has emerged as one of the largest private sector banks in the country. The bank has made tremendous and historical progress during the last few years, thanks to the prudent corporate governance and vision shown by the new management. The Bank has over 2 million customer base and offers ATM facilities at over 10,500 ATMs across the country with strategic tie-up with other banks. All the branches of bank spread over 286 cities across India in 22 states and 2 union territories and all branches offering online services. The bank has covered 125 cities in Rajasthan alone.

Financial Highlights for the FY 2007- 08

The bank has maintained its growth in net profit for the financial year 2007-08. The net profit of the bank increased to Rs. 115.20 crore for the year ended March 31.2008 against Rs. 110.57 crore for the previous full year. The bank has given 1:5 bonus shares (i.e. 1 equity share for every 5 equity share). In the last year also, bank gave bonus shares in the ratio of 1 share for very 4 shares held. This is the second bonus in a row in last two years.