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Tuesday, Dec 10, 2002

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Bank of Rajasthan cuts deposit rates

Our Bureau

MUMBAI, Dec. 9

BANK of Rajasthan has cut deposit rates for the second time post the bank rate cut in credit policy. The deposit rate for 2-3 years is now at 6.25 per cent as against the earlier 6.75 per cent. The new rate is effective from December 9.

Additional interest of 0.50 per cent over the normal rate of interest will be paid on deposits in the name of senior citizens for single term deposits of Rs 5,000 and above a maturity period of 180 days to 3 years, said a press release.

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