Private sector lender Dhanalakshmi Bank today said it has reduced interest on its deposits by up to 1 per cent across various slabs.     

For deposits with a tenour of 91 days to 179 days, the rate has been cut from 7 per cent to 6 per cent and for 180 days to less than 1-year, the new rate is 6.50 per cent as against the earlier 7.50 per cent, a press release issued here said.     

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For three-years and above up to and inclusive of 10-years, the rate has been cut by 0.50 per cent to 8 per cent, the release said.     

The bank said that it has reduced interest rates on retail deposits "in line with monetary policy approaches and in tune with emerging market trends".

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