Private sector lender Dhanlaxmi Bank raised interest rates on fixed deposits under 2 crores. According to the bank’s official website, the new interest rates are effective from today, August 25, 2022. After adjustments, the bank increased the interest rates over a range of tenors ranging from 1 year to 10 years.
Dhanlaxmi Bank FD Rates
On fixed deposits maturing in 7 days to 45 days, the bank will continue to offer an interest rate of 3.25% and on fixed deposits maturing in 46 days to 90 days, the bank will continue to offer an interest rate of 3.75%. Fixed deposits maturing from 91 days to less than one year will continue to fetch an interest rate of 4.50% and fixed deposits covering 1 year and above and 2 years will now attract an interest rate of 5.60% as against earlier 5.15 % Was. 45 bps increase.
Dhanlaxmi Bank will now offer an interest rate of 6.00% which was an increase of 5.80% earlier on fixed deposits maturing in 555 days. The bank has increased the interest rate on fixed deposits maturing in above 2 years and 3 years from 5.30% to 5.60% with an increase of 30 bps and on fixed deposits above 3 years and up to 5 years , the bank increased the interest rate from 5.40% to 6.00%, a hike of 60 bps.
Fixed deposits maturing in 1111 days will now be offered an interest rate of 6.10% as against 6.05% earlier and fixed deposits of more than 5 years and 10 years will now attract an interest rate of 6.00% as against an increase of 5.50% earlier Was. of 50 bps.
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Dhanlaxmi Bank mentions on its website that “Senior citizens are eligible for an additional interest rate of 0.50% p.a. for all domestic fixed deposits of 1 year and above except Dhanam Tax Advantage deposits.”
Amidst rising interest rates on fixed deposits, Indian Bank has recently announced an increase in interest rates on fixed deposits. According to the bank’s website, the new rates will be effective from August 24, 2022. The bank after the revision increased the interest rates by 5 to 15 bps on deposits maturing in 1 to 5 years or more. Indian Bank Currently, the bank offers an interest rate of 2.80% to 5.65% on fixed deposits maturing in 7 days to 10 years, and a maximum interest rate of 5.75% on fixed deposits maturing in 3 years to less than 5 years. Will also give
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