Dhanalakshmi Bank trims deposit rates up to 1%

Private sector Dhanalakshmi Bank has lowered its deposit rates by up to 1 per cent.     

Deposit rates have been trimmed across various maturities, a press release issued here today.     

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.     

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, the release said.     

For a maturity period of 180-days to less than one-year, it has been cut by 0.25 per cent from 6.50 per cent to 6.25 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.     

The new rates will be effective from today, the release said.