NEWS & ADVICE : FIXED DEPOSITS
FD rates raised by Dhanlaxmi Bank
By Neelima Shankar
Jun 3, 2011
Print    Email    RSS   

Private sector lender Dhanlaxmi Bank has announced a rise in interest rates of fixed deposits by as much as 50 bps though only for selected maturities.

The revised rates would come into effect from June 06, 2011.

Deposits having tenor of 91-179 days will now fetch the depositor an interest of 7%.

For the 66 to 499 days and 501 days to 2 years deposits, the interest rates have been raised to 9%.

Dhanlaxmi Bank's Head, Branch Banking & NRI Business, Salil Datar, said, "We have increased interest rates on select term deposits to offer more investment opportunities to our customers. The increase in deposit rates would help our customers to maximise returns on their savings."

The revised rates apply to deposits upto Rs 1 crore.

An additional 50bps interest would be given to senior citizens for deposits having tenor from 180 days to above.

 

 


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Investment options to Save Tax under...
Know all about non-bank fixed deposits
Regular fixed deposits in India: Great way...
Fetch higher interest rate on your savings...
Recurring deposits: to the benefit of the...


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