Deregulation of NRE interest rates has initiated a rate war between banks. Dhanlaxmi bank has intensified this rate war by revising its non resident external term deposit to 10.10% for deposits upto Rs 1 crore.
Rate of Interest (% p.a) For Term deposits upto and inclusive of Rs. 1 crore
|366 to 499 days||9.00%|
|501 days & above upto and inclusive of 2 years||9.00%|
|Above 2 years & upto & inclusive of 3 years||8.75%|
|Above 3 years upto & inclusive of 5 years||10.10%|
|Above 5 years upto & inclusive of 10 years||9.00%|