Dhanalaxmi Bank RD Interest Rates 2025

Deposits Tenure	Rates of Interest (Less than Rs.2 Crore)	Senior Citizens
7 days to 14 days	3.25%	3.25%
15 days to 45 days	3.25%	3.25%
46 days to 60 days	3.75%	3.75%
61 days to 90 days	3.75%	3.75%
91 days to 179 days	4.50%	4.50%
180 days to less than one year	4.50%	4.50%
1 Year and above and up to 2 years	5.60%	6.10%
555 days	6.00%	6.50%
Above 2 years and up to 3 years	5.60%	6.10%
Above 3 years and up to 5 years	6.00%	6.50%
1111 days	6.10%	6.60%
Above 5 years and up to 10 years	6.00%	6.50%

Dhanlaxmi Bank Short-Term Recurring Deposit Interest Rates

Dhanlaxmi Bank offers general citizens interest starting at 3.25% p.a. and up to 4.50% for opening a short-term recurring deposit with them. Individuals who fall in the bracket of senior citizens can avail interest of 3.25% p.a. and up to 4.50% p.a. Short-term RDs are those which are opened for a period that ranges between 6 months to less than 12 months.

Dhanlaxmi Bank Medium-Term Recurring Deposit Interest Rates

Medium-term recurring deposits are those which have an investment tenure that ranges between one year and 5 years. The rate of return offered by Dhanlaxmi bank to general citizens for opening a medium-term recurring deposit with them ranges from 5.60% to 6% p.a. Senior citizens are offered in the range of 6.10% to 6.50% p.a.

Check Your Credit Score for FREE

Dhanlaxmi Bank Long Term Recurring Deposit Interest Rates

Dhanlaxmi Bank offers interest of 6.00% to 6.10% p.a. respectively to general citizens and between 6.50% to 6.60% to senior citizens for investing in long-term recurring deposits. Long-term RD accounts are those which have an investment tenure between 5 years to 10 years.

know about Recurring Deposit

1. Compare RD Interest Rates of Dhanalakshmi Bank with Other Banks and Institutions
2. Check Features and Schemes of Dhanalakshmi Bank Recurring Deposit

RD Article pages

1. Tax on Recurring Deposit Interest Rates

Check Your Credit Score Now

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score

FAQs on Dhanalaxmi Bank RD Interest Rates

• How can I submit a request for a reoccurring deposit?

  Open a savings account that can be linked to an RD account first if you're a new customer. Another option is to fill out the Deposit Account form at the branch that is closest to you. 

• How long is the RD account open for?

  Banks normally offer RDs with terms varying from 6 to 120 months (10 years). Additionally, several banks provide 240-month RDs. 

• Is there a maximum amount I may deposit into my RDs every month?

  No. The maximum amount of Recurring Deposit you can make each month is unrestricted. Depending on the available finances and your financial goals and objectives, you can choose any amount.  

• Can I make several monthly deposits to my RD account?

  Several monthly payments cannot be made to a standard RD account. On the other hand, some banks provide Flexi RDs, which let customers deposit any amount at any point throughout the term without having to pay a monthly fee. 

• What tax amount do I owe on interest on my RD?

  Your tax bracket completely determines how much tax you have to pay. It varies depending on the individual. Income tax on RD interest is not due by individuals whose total income, including interest from RDs, is non-taxable. 

• How can I close my account at Dhanlaxmi Bank?

  You may visit the branch or close your RD account online via the "Close A/c" option, albeit doing so could result in penalties. In Dhanlaxmi Bank RD, the early closure penalty is currently 1% of interest return. 

• What interest rates would Dhanlakshmi Bank be giving on RD accounts in 2024?

  Recurring Deposit (RD) accounts at Dhanlakshmi Bank will have attractive interest rates in 2024, ranging from 5.25% to 7.25% for terms of six months to ten years. It is advisable to verify with the bank for the most recent information as the rates are subject to fluctuate based on market conditions.  

• How are Dhanlakshmi Bank RD interest rates calculated?

  Dhanlakshmi Bank's RD account interest rates are usually set by a number of variables, including market rates, the value of the dollar, current RBI laws, and internal bank policy. 

• Are there variations in RD interest rates offered by Dhanlakhsmi Bank for various tenure options?

  Indeed, Dhanlakshmi Bank gives varying interest rates for varying RD account tenure options. Interest rates on RDs with longer tenures are typically higher than those on RDs with shorter tenures.  

• How often does the Dhanlakshmi Bank update their RD interest rates?

  Dhanlakshmi Bank reserves the right to periodically adjust its RD interest rates in response to changes in internal policies, market conditions, and regulations.