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Dhanlaxmi Bank Revises Interest Rates On FD: Check New Rates Here

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Dhanlaxmi Bank, a private sector lender has revised interest rates on its fixed deposit scheme which are in force from 01.08.2021. Apart from this update, for the fiscal year ending March 31, 2021, the bank made an annual operating profit of Rs.105.09 crores and a net profit of Rs.37.19 crores. Dhanlaxmi Bank offers a range of fixed deposit schemes to both regular and senior citizens such as Dhanam Abhivridhi term deposit scheme, Dhanam Cumulative Deposit Certificate (DCDC), Surabhi Deposit, Dhanam Tax Advantage Deposit, Sri Dhana Chakra Deposit, and Senior Citizen's deposit. Here are the latest interest rates on fixed deposits of the bank.

 

Dhanlaxmi Bank Regular Fixed Deposit Interest Rates
 

Dhanlaxmi Bank Regular Fixed Deposit Interest Rates

For deposits of less than Rs 2 crore, the bank is now giving a 3.25 percent interest rate on FDs maturing in 7 to 45 days. Dhanlaxmi Bank is providing interest rates of 3.75 percent and 4.00 percent on term deposits maturing in 46 days to 90 days and 91 days to 179 days, respectively. Whereas for fixed deposits maturing in 180 days to less than one year, 1 Year and above up to & inclusive of 2 years, above 2 years upto & inclusive of 3 years, above 3 years upto & inclusive of 5 years and above 5 years upto & inclusive of 10 years the private sector bank is now promising an interest rate of 4.25%, 5.15%, 5.30%, 5.40%, and 5.50% to the general customers respectively.

Term Deposits (All Maturities)Regular Interest Rates In %
7 days to 14 days 3.25
15 days to 45 days 3.25
46 days to 60 days 3.75
61 days to 90 days 3.75
91 days to 179 days 4.00
180 days to less than one year 4.25
1 Year and above upto & inclusive of 2 years 5.15
Above 2 years upto & inclusive of 3 years 5.30
Above 3 years upto & inclusive of 5 years 5.40
Above 5 years upto & inclusive of 10 years 5.50
Source: Bank Website, Rates of Interest (Less than Rs.2 Crore)

Dhanlaxmi Bank Fixed Deposit Interest Rates For Senior Citizens

Dhanlaxmi Bank Fixed Deposit Interest Rates For Senior Citizens

For a deposit amount of less than Rs 2 Cr, senior citizens will continue to get 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. After the most recent revision of the bank, senior citizens will get the following interest rates on their fixed deposits.

Term Deposits (All Maturities)Interest Rates In % For Senior Citizens
7 days to 14 days 3.25
15 days to 45 days 3.25
46 days to 60 days 3.75
61 days to 90 days 3.75
91 days to 179 days 4.00
180 days to less than one year 4.25
1 Year and above upto & inclusive of 2 years 5.65
Above 2 years upto & inclusive of 3 years 5.80
Above 3 years upto & inclusive of 5 years 5.90
Above 5 years upto & inclusive of 10 years 6.00
Source: Bank Website, Rates of Interest (Less than Rs.2 Crore)

Dhanlaxmi Bank Bulk Deposit Interest Rates

Dhanlaxmi Bank Bulk Deposit Interest Rates

The bank is currently providing depositors the following interest rates on deposits of Rs.2 crore and above.

Term Deposits (All Maturities)Rates of Interest In % (deposits of Rs.2 crore and above)
7 days to 14 days 2.75
15 days to 45 days 2.75
46 days to 60 days 3.25
61 days to 90 days 3.25
91 days to 179 days 3.5
180 days to less than one year 3.75
Source: Bank Website

Read more about: fd fixed deposit investment
Story first published: Wednesday, August 25, 2021, 11:23 [IST]
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