Dhanlaxmi Bank has revised the interest rates of fixed deposits (FDs) below Rs 2 crore. The new interest rates are effective from August 25, 2022, according to the bank’s official website.
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.”
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