Public Relations

Dhanalakshmi bank trims deposit rates

Private sector-lender, Dhanalakshmi bank today said that it has reduced its interest rate on deposits across various slabs. - Bank of Baroda to boost India-UAE investment flow - LIC housing finance cut rates by 50 bps - LIC Hsg Fin waiting for NHB clarity to launch reverse mortgage product - Indusind Bank"s Rs 480 cr QIP issue closes today - US regulators pressure Citi to hire external consultants - Axis Bank Chief Shikha Sharma to get Rs 2 cr package">Axis Bank Chief Shikha Sharma to get Rs 2 cr package The change comes into effect since August 17, a release issued here said. Deposits with a tenure of one-year and above but less than five-years will now yield an interest of 7.50 per cent as against the earlier eight per cent. Interest rate on deposits with a tenure of up to 179-days has been cut by up to 0.50 per cent. Interest rate on deposits of 180-days to less than one-year and five-years and above and inclusive of 10 years, remain unchanged at 6.50 per cent and eight per cent, respectively, the release said. Senior citizens are eligible for an additional interest of 0.75 per cent per annum, it added.

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