The bumper interest given by this bank on FD, the investment has to be done only for so many days

Fixed Deposits: Private sector Dhanlakshmi Bank has increased interest rates on fixed deposits. The bank has increased the interest rate on FDs with fixed deposits of less than Rs 2 crore. The bank is now offering interest from 3.25 per cent to 6.60 per cent on fixed deposits from seven days to 10 years. Dhanalakshmi Bank is now offering a maximum interest rate of 7.25% on a deposit of 555 days (18 months and 7 days).

Interest on FD of 179 days

According to the official website of the bank, the new FD rates are effective from 03.05.2023. The bank is now offering interest at the rate of 3.25 per cent on fixed deposits maturing within the next seven to 14 days. Also, the bank is guaranteeing interest at the rate of 5.75 percent on FD maturing in 15 to 45 days. Dhanalakshmi Bank is promising an interest rate of 6.00 percent on deposits of 46 days to 90 days and 6.25 percent on deposits of 91 days to 179 days.

Heavy interest on FD of 555 days

The bank is offering interest at the rate of 6.50 per cent on deposits maturing in 180 days. The bank is now offering interest at 6.75 per cent on deposits maturing in one year and two years. The bank is guaranteeing interest at the rate of 7.25 percent on FD maturing in 555 days (18 months and 7 days). Along with this, interest will be given at the rate of 6.50 per cent on deposits of more than two years and up to three years.

This amount of interest will be earned on FD of 1111 days

The bank will pay interest at the rate of 6.60 per cent on FDs of more than three years and up to five years. The bank is offering an interest rate of 6.60 per cent on 1111 days (36 months and 15 days) FD. Dhanalakshmi Bank is currently paying interest at 6.60 per cent on FDs maturing in five years and over 10 years. The bank offers 0.50 percent annual additional interest on deposits to senior citizens.

In the last financial year, the Reserve Bank had continuously increased the repo rate. Due to this, banks have also increased their FD interest rates. In the current financial year, the central bank has not yet increased the repo rate.

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