Bank of Rajasthan Offers Higher Returns to Senior Citizens
Bank of Rajasthan, one of the fastest growing technology driven and customer friendly private sector bank, has announced attractive Fixed Deposit Rate for Senior Citizens with effect from October 13, 2008.
Tweet-- Bank of Rajasthan, one of the fastest growing technology driven and customer friendly private sector bank, has announced attractive Fixed Deposit Rate for Senior Citizens with effect from October 13, 2008.
Senior Citizens now have an opportunity to earn a high return on Fixed Deposit of 11.10% p.a.(old rate of interest 10.85%) applicable for deposits for tenure of 1 year to 2 years, while regular depositors will earn an attractive return of 10.60%. This rate is open to both existing and potential customers of the bank. Bank of Rajasthan from time to time offers good schemes on Fixed Deposits across all categories and tenures for Indian Residents. The current revision continues in its trend to offer higher returns on Fixed Deposit than other banks in the industry.
The revised interest rate table is appended below:
Interest rates on Domestic Term Deposits (including NRO deposits)
(Rate of interest % p.a.) Period
Rate of Interest
Public
Resident Senior Citizens
7 days to 14 days*
4.00%
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%
* Minimum Rs. 1.00 lakh.
Notes to Editor
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 14,500 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 are 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.