Finance News : Dhanalakshmi Bank revises interest rates on FDs

Dhanlaxmi Bank Regular Fixed Deposit Interest Rates

For deposits of lower than Rs 2 crore, the financial institution is now giving a 3.25 p.c rate of interest on FDs maturing in 7 to 45 days. Dhanlaxmi Bank is offering rates of interest of three.75 p.c and 4.00 p.c on time period deposits maturing in 46 days to 90 days and 91 days to 179 days, respectively. Whereas for mounted deposits maturing in 180 days to lower than one 12 months, 1 Year and above as much as & inclusive of two years, above 2 years up to & inclusive of three years, above 3 years up to & inclusive of 5 years and above 5 years up to & inclusive of 10 years the personal sector financial institution is now promising a rate of interest of 4.25%, 5.15%, 5.30%, 5.40%, and 5.50% to the overall prospects respectively.

Term Deposits (All Maturities) Regular Interest Rates In %
7 days to 14 days 3.25
15 days to 45 days 3.25
46 days to 60 days 3.75
61 days to 90 days 3.75
91 days to 179 days 4.00
180 days to lower than one 12 months 4.25
1 Year and above upto & inclusive of two years 5.15
Above 2 years upto & inclusive of three years 5.30
Above 3 years upto & inclusive of 5 years 5.40
Above 5 years upto & inclusive of 10 years 5.50
Source: Bank Website

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Dhanlaxmi Bank Fixed Deposit Interest Rates For Senior Citizens

For a deposit quantity of lower than Rs 2 Cr, senior residents will proceed to get a further rate of interest of 0.50% p.a. for all home time period deposits of 1 12 months and above apart from Dhanam Tax Advantage deposits. After the newest revision of the financial institution, senior residents will get the next rates of interest on their mounted deposits.

Term Deposits (All Maturities) Interest Rates In % For Senior Citizens
7 days to 14 days 3.25
15 days to 45 days 3.25
46 days to 60 days 3.75
61 days to 90 days 3.75
91 days to 179 days 4.00
180 days to lower than one 12 months 4.25
1 Year and above upto & inclusive of two years 5.65
Above 2 years upto & inclusive of three years 5.80
Above 3 years upto & inclusive of 5 years 5.90
Above 5 years upto & inclusive of 10 years 6.00
Source: Bank Website, Rates of Interest (Less than Rs.2 Crore)

Dhanlaxmi Bank Bulk Deposit Interest Rates

The financial institution is at present offering depositors the next rates of interest on deposits of Rs.2 crore and above.

Term Deposits (All Maturities) Rates of Interest In % (deposits of Rs.2 crore and above)
7 days to 14 days 2.75
15 days to 45 days 2.75
46 days to 60 days 3.25
61 days to 90 days 3.25
91 days to 179 days 3.5
180 days to lower than one 12 months 3.75
Source: Bank Website

 

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