With hundreds of Indian banks and thousands of plans and schemes, it is always a tough call for people, especially mediocre class to invest. Fixed deposits have been the top choice for investments by investors. Dhanlaxmi Bank provides 7.40 percent interest rates for a period of 1 year (365 days to be precise).
This extra .25 percent holds good for any investment up to 1 Crore for general investors. In all other cases for over 3 years to up to 10 years, the interest rate is same i.e. 7.25 percent.
Don’t Miss: HDFC Bank Fixed deposit interest rates
For short period the Dhanlaxmi Bank interest rates offered is quite appreciable starting from very decent 5 percent for merely 15-45 days which increases to 6.50 for 6 months and above. The additional benefit the senior citizens can avail is an extra .50 percent interest rate on term deposits above 1 year.
Table for Dhanlaxmi Bank Fixed deposit interest rates (For domestic & NRO deposits):
|TIME PERIOD||BELOW ONE CRORE (% p.a.)|
|Senior Citizen Rates|
|7 – 14 Days||5.00||5.00|
|15 – 30 Days||5.00||5.00|
|31 – 45 Days||5.00||5.00|
|46 – 60 Days||6.25||6.25|
|61 – 90 Days||6.25||6.25|
|91 Days – 180 Days||6.50||6.50|
|181 Days – 270 days||6.75||6.75|
|271 Days – 1 year||6.75||6.75|
|1 Year – 2 Years||7.35-7.25||7.90|
|2 Years – 3 Years||7.25||7.90|
|3 Years – 5 Years||7.25||7.75|
|5 Years – 10 Years||7.25||7.75|
NRE deposit interest rates:
|Maturity range||interest rate (% p.a.)|
Table updated: 3 April, 2016
Dhanlaxmi Bank provides best fixed deposit interest rates for short duration. For long period, Dhanlaxmi bank fixed deposit interest rates are similar to other Indian banks fixed deposit rates.
- Saving deposit rate is 4% for domestic, nre and nro accounts.
- Visit branch to know fixed deposit rates for amount above 1 crore.
Check out official link @http://www.dhanbank.com/header/interest_rates.aspx