• Recurring Deposit
  • Dhanalaxmi Bank RD Interest Rates
Dhanalaxmi Bank RD Interest Rates

Dhanalaxmi Bank RD Interest Rates

small finance

Dhanlaxmi Bank RD Interest Rates Nov 2024

TenureNormal Citizen RD RateSenior Citizen RD Rate
3 Months to 6 Months6.75%6.75%
6 Months to 9 Months6.75%6.75%
9 Months to 1 Year6.75%6.75%
1 Year to 2 Years6.75%7.25%
2 Years to 3 Years6.50%7.00%
3 Years to 5 Years6.60%7.10%
5 Years to 10 Years6.60%7.10%

Note: All interest rates shown above are as on 1st November 2023

Dhanlaxmi Bank RD Scheme Details

Tenure
3 Months to 10 Years
Public Interest Rates
6.50% to 6.75%
Senior Citizen Interest Rates
6.75% to 7.25%
Minimum Deposit Amount
Rs. 1000
Premature Withdrawal
1% on Interest Return
Highest Rates for Public
6.75%
Highest Rates for Senior Citizen
7.25%

Dhanlaxmi Bank Returns Based on Investment Amount

Investment AmountFor 3 years with interest of 6.60%For 5 years with interest of 6.60%
₹ 50,000₹ 1,51,647₹ 2,54,133
₹ 1 lakh₹ 3,03,294₹ 5,08,265
₹ 2 lakh₹ 6,06,588₹ 10,16,530
₹ 5 lakh₹ 15,16,470₹ 25,41,326
₹ 10 lakh₹ 30,32,940₹ 50,82,651

Compare Dhanlaxmi Bank vs Punjab National Bank Recurring Deposit

vs
Punjab National Bank
Dhanlaxmi Bank
Dhanlaxmi Bank
Maturity Amount₹ 3,03,294₹ 3,02,621
Total Investment Amount₹ 3,00,000₹ 3,00,000
Total Interest Gained₹3,294₹ 2,621

Compare RD Interest Rates of Other Banks

Bank NameRD Interest Rates
bank-0
Punjab National Bank		4.40% to 6.50%
bank-1
City Union Bank		5.75% to 6.50%
bank-2
BOI Bank		4.50% to 6.50%
bank-3
Canara Bank		5.25% to 6.90%
bank-4
Indian Bank		3.50% to 6.70%
bank-5
BOB Bank		4.50% to 7.05%
bank-6
Central Bank of India		4.50% to 6.75%
bank-7
Karur Vysya Bank		6.00% to 7.00%
bank-8
Union Bank of India		4.30% to 6.70%
bank-9
Tamilnad Mercantile Bank		5.75% to 7.00%
bank-10
Karnataka Bank		5.25% to 7.00%
bank-11
South Indian Bank		4.50% to 6.50%
bank-12
Federal Bank		5.00% to 7.30%
bank-13
Bank of Maharashtra		4.50% to 6.00%
bank-14
Indian Overseas Bank		4.50% to 6.80%
bank-15
UCO Bank		4.50% to 6.50%
bank-16
RBL Bank		4.75% to 7.50%
bank-17
State Bank of India		4.50% to 7.00%
bank-18
IDBI Bank		4.50% to 6.80%
bank-19
Axis Bank		4.75% to 7.10%
bank-20
HDFC Bank		4.50% to 7.10%
bank-21
ICICI Bank		4.75% to 7.00%
bank-22
Indusind Bank		4.75% to 7.50%
bank-23
Kotak Mahindra Bank		4.00% to 7.10%
bank-24
Yes Bank		5.00% to 7.75%
bank-25
Bandhan Bank		4.50% to 7.25%
bank-26
IDFC First Bank		5.00% to 7.50%
bank-27
Equitas Small Finance Bank		7.25% to 8.20%
bank-28
Capital Small Finance Bank		4.75% to 7.15%
bank-29
Ujjivan Small Finance Bank		4.75% to 7.50%
bank-30
Fincare Small Finance Bank		5.75% to 8.25%
bank-31
ESAF Small Finance Bank		5.25% to 8.50%
bank-32
North East Small Finance Bank		4.00% to 7.50%
bank-33
Suryoday Small Finance Bank		5.00% to 8.50%
bank-34
Utkarsh Small Finance Bank		6.50% to 8.00%
bank-35
Jana Small Finance Bank		4.00% to 8.50%
bank-36
DBS Bank		3.00% to 7.50%
bank-37
Post Office		6.90% to 7.50%

Calculate Dhanlaxmi Bank Returns

36
3.2 %

₹1,00,000

Total Investment

0

Wealth Gained

₹0

Maturity Amount

Invest in SIP to earn ₹37,83,253 moreExplore Best SIP Plans

Frequently Asked Questions

What is the current interest rate of RD in Dhanlaxmi Bank?

As of today, November 29, 2024, the current Dhanlaxmi Bank RD rates range from 6.50% to 6.75% for general citizens and from 6.75% to 7.25% for senior citizens.

How to open rd account in Dhanlaxmi Bank?

Dhanlaxmi Bank RD account can be opened with a minimum deposit of Rs. 1000 with tenure ranging 3 Months to 10 Years. Dhanlaxmi Bank recurring deposit account can be opened online or by visiting Dhanlaxmi Bank branches with any ID proof like PAN card, Aadhar card, voter ID, or driving licence etc.

How to close rd in Dhanlaxmi Bank?

You can close your RD a/c online through "Close A/c" tab or by visiting the branch, this may cost you a penalty. The current premature closer penalty in Dhanlaxmi Bank RD is 1% on Interest Return.

How to calculate maturity and interest in Dhanlaxmi Bank recurring deposit ?

The maturity amount in Dhanlaxmi Bank recurring deposit account can be calculated by using A = P x(1 + R / N) ^ (NT) formula.
Where:
A: Maturity Amount
P: Recurring Deposit Amount
N: Number of times the interest is compounded
R: annual interest rate
T: Tenure
Example:
If you open recurring deposit account at the Dhanlaxmi Bank for 5 years and planed to invest INR 50,000.The current Dhanlaxmi Bank RD interest rate for 5 year is 6.60%.So using the above formula the maturity amount will be - Rs. 35,58,901.

What is Dhanlaxmi Bank RD interest rates for 1 year in 2024 ?

The Dhanlaxmi Bank recurring deposit for 12 months or 1 year is 7.25% for senior citizen and 6.75% for others.

What are the limits on the minimum and maximum deposits?

The Dhanlaxmi Bank RD account can be opened with as low as INR Rs. 1000 per month. Also, there is no limit on the maximum amount for investment in a Dhanlaxmi Bank RD.

What is the current highest Dhanlaxmi Bank rd interest rates?

The current highest Dhanlaxmi Bank rd rate is 6.75% p.a. for normal citizen and 7.25% p.a. for senior citizens in India.