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.”