Dhanlaxmi Bank interest rates have been revised Fixed deposit (FD) less than Rs 2 crore. According to the bank’s official website, the new interest rates are effective from August 25, 2022.

According to the bank’s website, fixed deposits maturing in 91 days to less than one year will continue to earn interest at the rate of 4.50%, and after revision, fixed deposits maturing in one year and up to two years and therein will continue to accrue interest at the rate of 4.50%. will earn at the 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 and 6.00 percent over five years. The interest rate on fixed deposits maturing in 1111 days is 6.05%, and on fixed deposits maturing in more than 5 years and including 10 years, the interest rate has increased by 6.00%.

According to Dhanalakshmi Bank website, “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.”

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