Private lender Dhanlaxmi Bank today hiked its fixed deposit interest rates by up to 0.50% across select maturities.
The new rates will be effective tomorrow and are applicable 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 the upper limits on retail term deposits to Rs 1 crore from the earlier Rs 50 lakh.
Under the new structure, deposits in the 180-365 days tenure will fetch an interest of 8.50% per annum, up 0.50% while the 500-day deposit will get depositors 9.35% against the earlier 9%, it added.