Dhanalakshmi Bank provides customers deposits with attractive features that include attractive rates of interest. These rates while fixed for the tenure chosen by a deposit holder is subject to change at the banks discretion in response to market rate movements. This can make it difficult for FD account holders to track latest rates and choose the most profitable tenure.
The above table resolves this issue by displaying the latest fixed deposit rates from Dhanalakshmi Bank on a real-time basis. Using this, investors can make informed decisions and avail those schemes that offer the best rates that suit individual timeframes.
The updated list of Dhanalakshmi Bank FD Rates, for Regular and Senior Citizen, is listed below:
|Tenure||Regular FD Rate||Senior Citizen FD Rate|
|Upto Amount||Rs. 1 Crore||Rs. 1 Crore|
|7 days to 14 days||4||4.5|
|15 days to 45 days||4||4.5|
|46 days to 90 days||5||5.5|
|91 days to 179 days||5.5||6|
|180 days to less than one year||6||6.5|
|1 Year and above upto & inclusive of 2 years||6.6||7.1|
|Above 2 years upto & inclusive of 3 years||6.5||7|
|Above 3 years upto & inclusive of 5 years||6.5||7|
|Above 5 years upto & inclusive of 10 years||6.5||7|
The bank offers an attractive rate of return, when compared to its peers, on very short-term holdings between 7 days to 45 days at 5% p.a. This is enhanced by 1.5% to 6.5% p.a. for deposits held between 46 days to 91 days. This is further enhanced by 0.25% for holdings between 91 days and 179 days. The bank's highest rate is offered on deposits held for a period of 180 days to 1 year at 7.00% p.a.
The bank offers a standard rate of 7.60% on all deposits maintained for a period above 1 year up to and including 3 years. Which drops by 0.10% for period 3 years up to 10 years at 7.50%. This makes medium and long term options attractive to those customers who need to invest funds for a longer period of time. It represents a 0.60% jump from the maximum rate offered on short term deposits.
Senior citizens holding fixed deposit accounts with the bank can avail 0.5% p.a. in addition to rack rates offered to regular customers. This puts rates for this customer class in the range of 5.5% to 8.10%p.a. This makes these FDs good options for seniors looking to lock-in funds on a long term basis.