[en] The decay of on-line mass-separated ¹¹⁴Rh has been studied by γ spectroscopy. A definite odd parity and a probable I=7 are deduced for the high-spin β-decaying level. The 1116 keV and 1392 keV levels in the ¹¹⁴Pd daughter nucleus are candidates for the bottom of the β band. There is no support for a previously reported very-low-lying 0⁺ level at 871 keV. A K=4 band built on the new level at 1639 keV is proposed. The lowest-lying two-quasiparticle levels in ¹¹⁴Pd are calculated in the framework of the quantum Monte Carlo pairing model using deformed shell model states. The lowest configurations are associated with an oblate minimum of the potential energy