Dhanlaxmi Bank raises NRE term deposit rates

Private sector lender Dhanlaxmi Bank today raised the interest rates on Non-Resident External (NRE) term deposits across various maturities.

Interest rates for medium term deposits of 366 to 499 days, 500 days and for deposits above 501 days and above up to two years have been increased to 9%, 9.75% and 9% per annum, respectively, with effect from today, the bank said in a release.