The Bank of Rajasthan has started a new fixed deposit scheme called 'Rajbank flexi-deposit' with effect from December 1. The customer under this scheme can open a savings bank and current deposit account where they have to maintain a minimum balance of Rs 5,000 and Rs 2,500 respectively. |
Any amount above the minimum balance, the bank will pay interest rate as applicable on the fixed deposit. In the case of the cheque comes for payment, the requisite amount will be withdrawn from the fixed deposit to pass the cheque and the FDR interest will be paid on the remaining deposits. |
| The deposit will be automatically renewed on maturity causing no loss of interest for the customers. |
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