Private sector lender Dhanlaxmi Bank has announced a hike in the deposit rates across various maturities. The bank has hiked the deposit rates by a maximum of 3 percent.
The head of banks branch banking and NRI Businesses Mr. Salil Datar said "The hike in interest rates is in line with market trends and the emerging market interest rate scenario."
After the hike, the deposits for the maturity period 46 to 90 days will attract an interest of 9 percent and on deposit for maturity period of 91 to 179 days the customers will earn an interest rate of 8.75 percent compared to 7.25 percent.
1 comment:
what are rates for 5 or more years?
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