Dhanlaxmi Bank enables you to open a recurring deposit account with them without much hassle. The bank offers a variety of tenures and the rate of return offered on such deposits is attractive. The interest offered on the RD accounts is in the range of 6.50% to 7% p.a. Senior citizens are offered additional interest of 0.50% on all RD tenures.
Listed below are the tenures and interest rates offered by Dhanlaxmi Bank when it comes to recurring deposits as of 8 July 2019:
|Deposit Tenure||Interest rate offered to General Citizens (p.a.)||Interest rate offered to senior citizens (p.a.)|
|180 days to less than 12 months||6.50%||7%|
|12 months to 24 months||7%||7.50%|
|24 months 1 day to 36 months||6.50%||7%|
|36 months 1 day to 60 months||6.50%||7%|
|60 months 1 day to 120 months||6.50%||7%|
Dhanlaxmi Bank Short-Term Recurring Deposit Interest Rates
Dhanlaxmi Bank offer general citizens interest of 6.50% for opening a short-term recurring deposit with them. Individuals who fall in the bracket of senior citizens can avail interest of 7% 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 6.50% to 7% p.a. Senior citizens are offered in the range of 7% to 7.50% p.a.
Dhanlaxmi Bank Long Term Recurring Deposit Interest Rates
Dhanlaxmi Bank offer interest of 6.50% and 7% p.a. respectively to general citizens and 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.
More you need to know about Recurring Deposit
- Compare RD Interest Rates of Dhanalakshmi Bank with Other Banks and Institutions
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