Hike in the deposit rates of Dhanlaxmi Bank

Most of the leading banks have increased their lending as well as deposit rates after the hike of 50 basis points in the policy rates of the Reserve Bank of India, now it is Dhanlaxmi Bank that has increased its deposit rates across various maturity periods.

The bank has also introduced a new slab of 300 days that would attract an interest rate of 10.00%; also the lender is offering an extra interest rate of 0.50% to the senior citizens above the card rates but only on the maturity periods of 180 days and above (except on 300 days).

The revised deposit rates are applicable from 16^th August.