Dhanlaxmi Bank hikes fixed deposit interest rates

Mumbai, Feb 2 (PTI) South-based private lender,Dhanlaxmi Bank today hiked its fixed deposit interest ratesby up to 0.50 per cent across select maturities.

The new rates will be effective tomorrow and areapplicable for term deposits between Rs 15 lakh and Rs 1-crore, the bank said in a statement issued here.

In line with peers, the bank has also increased theupper limits on retail term deposits to Rs 1 crore from theearlier Rs 50 lakh.

Under the new structure, deposits in the 180-365 daystenure will fetch an interest of 8.50 per cent per annum, up0.50 per cent while the 500-day deposit will get depositors9.35 per cent against the earlier 9 per cent, it added. PTI AAAP KRKSHT