Private sector bank, Dhanalakshmi Bank has trimmed its deposit rates by up to 1 per cent across various maturities, a press release issued by the bank said. The new rates which will be effective from the 12th of October are as follows
– Deposit rates for a maturity period of 15-days to 45-days and 45-days to 90-days have been trimmed by one per cent from 4 to 3 per cent and from 5 to 4 per cent, respectively.
– Rates for a maturity period of 91-days to 179-days have been cut by 0.75 per cent from 6 to 5.25 per cent.
– For a maturity period of 91-days to 179-days, the rate has been cut by 0.75 per cent from 6 to 5.25 per cent
– For maturity periods of 3-years but less than five-years and 5-years and above up to and inclusive of 10-years, the rate remains unchanged at 7.50 per cent and 8 per cent, respectively.