How to find the best rates for Dhanalakshmi Bank
Dhanlaxmi Bank provides customers deposits with attractive features that include attractive rates of interest. These rates while fixed for the tenure chosen by a deposit holder is subject to change at the banks discretion in response to market rate movements. This can make it difficult for FD account holders to track latest rates and choose the most profitable tenure.
The above table resolves this issue by displaying the latest fixed deposit rates from Dhanlaxmi Bank on a real-time basis. Using this, investors can make informed decisions and avail those schemes that offer the best rates that suit individual timeframes.
Dhanlaxmi Bank Short Term FD rates
The bank offers an attractive rate of return, when compared to its peers, on very short-term holdings between 7 days to 45 days at 5% p.a. This is enhanced by 2.5% to 7.5% p.a. for deposits held between 46 days to 91 days. This is further enhanced by 0.25% for holdings between 91 days and 179 days. The banks highest rate is offered on deposits held for a period of 180 days to 1 year at 8.25% p.a.
Dhanlaxmi Bank Medium and Long-Term FD rates
The bank offers a standard rate of 9% on all deposits maintained for a period above 1 year up to and including 5 years. This makes medium and long term options attractive to those customers who need to invest funds for a longer period of time. It represents a 0.75% jump from the maximum rate offered on short term deposits.
Dhanlaxmi Bank Senior Citizen FD rates
Senior citizens holding fixed deposit accounts with the bank can avail 0.5% p.a. in addition to rack rates offered to regular customers. This puts rates for this customer class in the range of 5.5% to 9.5%p.a. This makes these FDs good options for seniors looking to lock-in funds on a long term basis.
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