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Dhanlaxmi Bank Recurring Deposit Interest Rates

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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.

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