It is very easy to open a Recurring Deposit (RD) account at Dhanlaxmi Bank. An RD account that is offered by the bank comes with a range of tenures. The rate of interest offered on the RD account ranges between 6.50% and 6.90%. The minimum deposit that must be made in the RD account is Rs.1,000.
Interest Rate offered by Dhanlaxmi Bank on a recurring deposit account for less than Rs.2 crore:
|Deposit Tenure||Rate of Interest (%)|
|1 year and above but less than 2 years||6.90|
|Above 2 years but less than 3 years||6.50|
|Above 3 years but less than 5 years||6.50|
|Above years and up to 10 years||6.50|
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
- Check Features and Schemes of Dhanalakshmi Bank Recurring Deposit
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