Dhanlaxmi Bank revises FD interest rates: Check new rates
Dhanlaxmi Bank, a private sector lender has revised its interest rates on fixed deposits under Rs 2 crore. The bank has revised its interest rates on deposits, which now range from 3.25% to 7.25% for maturities of 7 days to 10 years, according to the bank's official website. The new rates are effective from May 3, 2023.Dhanlaxmi Bank FD interest rates
On fixed deposits that mature in 7 to 14 days, the bank will now pay an interest rate of 3.25%, and Dhanlaxmi Bank will pay an interest rate of 5.75% on deposits that mature in the following 15 to 45 days. Dhanlaxmi Bank is now offering interest rates of 6.25% on deposits with a tenor of 91 Days to 179 Days and 6.00% on deposits with a tenor of 46 days to 90 days. Deposits that mature in 180 days or less than a year will now earn interest at a rate of 6.50%.
Also read: Latest Bank Fixed Deposit (FD) Interest Rates in India for 2023
Deposits that mature in a 1 Year and above up to 2 years will now earn interest at a rate of 6.75%. The interest rate has been increased by the bank to 7.25% for deposits maturing in 555 days (18 months and 7 days).
The bank now offers 6.50% for deposits maturing in more than 2 years up to and up to 5 years.
Term Deposits-Domestic & NRO Deposits (w.e.f. 03.05.2023)
Term Deposits (All Maturities)Rates of Interest (Less than Rs.2 Crore)7 Days to 14 Days3.2515 Days to 45 Days5.7546 Days to 60 Days661 Days to 90 Days691 Days to 179 Days6.25180 Days to less than one year6.5
1 Year and above upto & inclusive of 2 years6.75555 Days (18 months and 7 Days)7.25Above 2 years upto & inclusive of 3 years
6.5Above 3 years upto & inclusive of 5 years6.61111 Days (36 Months and 15 Days)6.6Above 5 years upto & inclusive of 10 years6.6
According to the Dhanlaxmi Bank website “Senior citizens are eligible for an additional interest rate of 0.50% p.a. for all domestic term deposits of 1 year and above except for Dhanam Tax Advantage deposits."
NRE deposit rates
NRE (All Maturities) (w.e.f 03.05.2023)Rates of Interest (Less than Rs.2 Crore)Above 1 year upto & inclusive of 2 years6.75555 days7.25Above 2 years upto & inclusive of 3 years6.5Above 3 years upto & inclusive of 5 years6.61111 days6.6Above 5 years upto & inclusive of 10 years6.6
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This story originally appeared on: India Times - Author:Faqs of Insurances
