Vijaya Bank, a Bangalore-based mid-sized public sector bank plans to employ about 1,200 clerical and officer staff every year as 800 to 900 staff will retire each year. It plans to open around 100 branches every year. With the average age of employees hovering at around 50, fresh recruitments have seen a surge in recent times.
Recently, Vijaya Bank has hiked the interest rates on domestic term deposits and NRE term deposits effective April 1, 2012. As per the revision interest rate for domestic term deposits below Rs 5 crore for 180 days to less than one year will now be 8.5% against 8% with an annualized yield of 8.77%. Senior citizens will get an additional 0.5% across categories.
