BoR increases term deposit rates

Bank of Rajasthan (BoR) has increased the interest rate on its term deposits of some maturities.

According to a press release from the bank, the interest rate on term deposits of 91-171 days is 7 per cent. The bank has also increased the rate of deposits of 15-18 months to 9.25 per cent. Senior citizens will get an additional interest of 0.5 per cent.