On Monday private sector bank, Bank of Rajasthan hiked the interest rates on fixed deposits on certain maturities.
According to Bank of Rajasthan in a press release said a new 500- day deposit scheme has been introduced on which bank is giving 10.25 per cent interest to depositors and is one of the highest profit in the market.
The bank also introduced two new maturities. Deposits having tenure of 12 months to 16 months 13 days, customers would get an interest rate of 9.75 per cent.
FDs having a maturity of 16 months to 15 days to 36 months, there rates have been revised to 9.5 per cent.
In addition to this bank has also increased the rate of interest for deposits having a time slab of three years and above from 8.75 per cent to 9 per cent.
The revised rates will be effective from today.
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