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Fd Rates Dhanlaxmi Bank: Dhanlaxmi Bank has updated their Fixed Deposit (FD) interest rates following changes to the repo rates. These revision of interest rates effective from April 21, 2025, is applicable for the deposits below Rs 3 crore. Dhanlaxmi Bank now offers interest rates between 4.25% to 7.25% for general customers for a duration ranging from 7 days to 10 years.
Additional Interest for Citizen Supers
Senior citizens get an additional 0.50% interest over and above general citizens for FD s with tenure of more than one year. The maximum interest rate offered to senior citizens is 7.75% on 400 days FD.
Elderly Canadians also get a special lower fee, raising their returns for these longer terms deposits.
Longer Terms Deposits Demand Higher Return
For the longs terms deposit bank offers competitive returns:
For 5 years: 7% for general citizens and 7.50% for seniors.
More than 5 years and up to 10 years: 6.60%
More than 2 years and up to 3: 6.50% for general, 7% for seniors.
Such Lower Interest for MidtermCaps Fees Will Offer Better Returns
The bank offers a unique 300-day online FD, with 5.25% interest for citizens. A one year FD earns up to 6.75% interest and 300 days earns 5.25%.
Comprehensive Interest Rates by Period:
7 days to 14 days: 4.25%
15 to 45 days: 4.75%
46 to 60 days: 4.75%
61 to 90 days: 5%
91 to 179 days: 6%
180 days to less than 1 year: 5.25%
300 days: 5.25%
1 year to 2 years: 6.75%
400 days: 7.25%
More than 2 years and up to 3 years: 6.50%
More than 3 years and up to 5 years: 7%
More than 5 years and up to 10 years: 6.60%
This shift in strategy is motivated by the need to strengthen competition for increased deposits without raising associated risks.
