Dhanlaxmi Bank FD Rates: Dhanlaxmi Bank has increased the interest rates of fixed deposits. The new rates have come into effect from today. Senior citizens are eligible for an additional interest rate of 0.50% p.a.
Dhanlaxmi Bank FD Rates: Private sector lender Dhanlaxmi Bank has increased interest rates on retail fixed deposits of less than Rs 2 crore. According to the official website of the bank, the new rates have become effective from today, October 12, 2022. Following the change in the interest rate, the bank has increased the interest rates by up to 40 basis points on deposits maturing in 555 days. Dhanlaxmi Bank now offers deposits maturing in 7 days to 10 years at interest rates ranging from 3.25% to 6.10%.
Dhanlaxmi Bank FD Rates
Dhanlaxmi Bank will continue to offer 3.25% interest rate on fixed deposits maturing in 7 days to 45 days and 3.75% interest rate on deposits maturing in 46 days to 90 days. Deposits maturing in 91 days to less than one year will continue to offer 4.50% interest rate, while deposits maturing in one year and above and including two years will continue to offer 5.60% interest rate. Dhanlaxmi Bank has increased the interest rate on deposits maturing in 555 days by 10 basis points from 6% to 6.10%.
Dhanlaxmi Bank has increased its interest rate from 5.60% to 6.00% on fixed deposits maturing above 2 years and up to 3 years by 40 basis points (bps) and maturing in above 3 years and 5 years to 10. The interest rate on deposits has been increased. Deposits maturing in 1111 days will now offer an interest rate of 6.25%, up from 6.10% earlier, an increase of 15 basis points, while deposits maturing in more than 5 years and including 10 years will now offer an interest rate of 6.10% will be increased by 10 basis points, up from the earlier 6%.
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.
HDFC Bank hikes rates by up to 75 bps
Meanwhile, India’s largest private sector lender HDFC Bank has announced an interest rate hike of up to 75 basis points on deposits of less than Rs 2 crore. According to the bank’s official website, the new rates will be effective from October 11, 2022. HDFC Bank now offers interest rates ranging from 3.00% to 6.00% on deposits maturing in 7 days to 10 years for the general public. 6.75% for senior citizens.
