According to the bank website, fixed deposits maturing in 91 days to less than one year will continue to earn interest at a rate of 4.50%, and after the revision, fixed deposits maturing in one year and up to and including two years will earn interest at a rate of 5.60%.
On fixed deposits maturing in 555 days, the bank will now offer an interest rate of 6.00%. The bank will offer 5.60% on fixed deposits maturing in more than three years up to and including five years to 6.00 percent. The interest rate on fixed deposits maturing in 1111 days is 6.05%, and the interest rate on term deposits maturing in more than 5 years up to and including 10 years has increased is 6.00%.
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.”