NEWS & ADVICE : FIXED DEPOSITS
Deposit rates upped by Dhanlaxmi Bank
By Neelima Shankar
Feb 25, 2011
Print    Email    RSS   

Private sector lender, Dhanlaxmi Bank has announced hike in interest rates of fixed deposits by as much as 300 basis points across selected maturities.

The highest hike is observed in the deposit of tenor between 46 days to 90 days where the interest rate is 9%, a 300 bps rise over the earlier rate.

"The hike in interest rates is in line with market trends and the emerging market interest rate scenario," the bank's head of Branch Banking and NRI Business, Salil Datar said.

The 91-179 days deposit will earn the depositor an interest of 8.75% following the revision.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Recurring Deposits or Systematic...
Manage your FD in a better way
Carnival of Indian Personal Finance Blogs #2
Fixed Deposits: Safest instrument to invest
Infrastructure bonds: another tax saving...


Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive