Private sector lender Dhanlaxmi Bank has announced a rise in its interest rates for fixed deposits.

A special 300 days deposit introduced by the bank will now have a revised interest of 10% for deposits amounting to less than Rs 1 crore.

The revision in interest rates comes as a gradual follow up of the policy rates hike that was last announced by regulator Reserve Bank of India, around 20 days back.

The 500 days deposit of the bank has also observed a revision in interest rates to 9.75% per annum for all deposits amounting less than or equal to Rs 15 lakh.