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Dhanalakshmi Bank revises NRE, FCNR interest rates

Thrissur: The Thrissur-based Dhanalakshmi Bank has revised the interest rates on NRE and FCNR (B) deposits with effect from November 17. The new rates for NRE Rupee deposits are 4.92 per cent for a period of 12 months and above but below 24 months; 4.41 per cent for 24 months and above but below 36 months and 4.89 per cent for 36 months and above up to 120 months, a statement from the bank said. .

The new rates for various currencies under FCNR deposits are:

For Dollar denominated deposits, the rate will be 4.12 per cent for a period of six months and above but less than one year; 4.17 per cent for one year and above but less than two years; 3.66 per cent for two years and above but less than three years; 4.14 per cent for three years and above but less than four years; 4.49 per cent for four years and above but less than five years and 4.76 per cent for five years. For Pound Sterling deposits, 6.95 per cent for six months and above but less than one year; 7.01 per cent for one year and above but less than two years; 5.18 per cent for two years and above but less than three years; 5.32 per cent for three years and above but less than four years; 5.42 per cent for four years and above but less than five years and 5.51 for five years.

For Euro deposits, 5.81 per cent for six months and above but less than one year; 5.87 per cent for one year and above but less than two years; 4.59 per cent for two years and above but less than three years; 4.70 per cent for three years and above but less than four years; 4.81 per cent for four years and above but less than five years and 4.91 per cent for five years.

For Canadian Dollar deposits, 4.17 per cent for one year and above but less than two years; 3.26 per cent for two years and above but less than three years; 3.52 per cent for three years and above but less than five years; 3.70 per cent for four years and above but less than five years and 3.89 per cent for five years.

For Australian Dollar deposits, 7.28 per cent for one year and above but less than two years; 6.14 per cent for two years and above but less than three years; 6.44 for three years and above but less than four years; 6.66 for four years and above but less than five years and for 6.72 per cent for five years.

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