FD Rates Hike: The bank has increased the interest rate on its fixed deposits of less than Rs 2 crore. The new rates have been increased on FDs ranging from 1 to 10 years. The new rates have come into effect from tomorrow i.e. 25 August 2022.
FD Rates Hike of Dhanlaxmi Bank: Reserve Bank of India has increased the repo rate (RBI Repo Rate) for the third consecutive time in the month of August. Since this increase, all the banks are continuously increasing the interest rates on their Fixed Deposit Rates, Savings Account. Along with this, the EMI of the people has also increased. The bank has continuously increased the interest rate on its home loan, car loan, education loan. The country’s private sector bank Dhanlaxmi Bank has increased its FD rates (Dhanlaxmi Bank FD Rates Hiked).
The bank has increased the interest rate on its fixed deposits of less than Rs 2 crore (Dhanlaxmi Bank FD Rate Increased). The new rates have been increased on FDs ranging from 1 to 10 years. The new rates have come into effect from tomorrow i.e. 25 August 2022. If you are also planning to do FD in Dhanlaxmi Bank (Dhanlaxmi Bank FD Rates), then we are giving you information about its latest rates-
Rate of interest available on FD less than Rs 2 crore-
7-14 days-3.25%
15-45 days-3.25%
46-60 days-3.75%
61-90 days-3.75%
91-179 days-4.50%
180 days-4.50%
1 year to 2 years -5.60%
555 days-6.00%
2 years to 3 years -5.60%
3 Years to 5 Years-6.00%
1111 days-6.10%
5 years to 10 years -6.00%
Senior citizens will get more benefits
Let us tell you that Dhanalakshmi Bank offers higher interest rate on Fixed Deposit Scheme to its senior citizens. The bank offers 0.50% higher interest rate to senior citizens on all tenor schemes. Along with this, Indian Bank has also increased the interest rates of its FDs. FDs ranging from 1 to 10 years have been increased by 5 to 15 basis points. The new rates increased by the bank have come into effect from 24 August 2022. Apart from this, all the big banks of the country like PNB, ICICI Bank, Axis Bank, State Bank of India etc. have increased their FD interest rates.
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