Comments
Dhanlaxmi Bank on Thursday increased interest rates on term deposits by up to 3 per cent depending on maturities.
The maximum increase of 3 per cent has been made for short—term deposits having a maturity of 46 to 90 days, where depositors will earn an interest of 9 per cent per annum, the bank said in a release here.
“The hike in interest rates is in line with market trends and the emerging market interest rate scenario,” the bank’s head of Branch Banking and NRI Business, Mr Salil Datar, was quoted as saying in the release.
For the 91—179 days term, depositors will earn an interest of 8.75 per cent per annum, up by up to 1.50 per cent, it added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.