Dhan Laxmi Bank FD Calculator

Last Updated 29th Nov 2016
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Dhan Laxmi Bank
FD Interest Rates

FD Calculator Dhan Laxmi Bank – Know your maturity amount?

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  • Dhan Laxmi Bank, a leading Private Bank in India offers attractive interest rates upto 7.25% on its fixed deposits.
  • FD maturity amount that you will get depends upon
  • Deposit amount
  • Rate of interest
  • FD tenure
  • Compounding frequency
  • TDS applicability and TDS rate

Dhan Laxmi Bank Fixed Deposit calculator – FD Options

  • In a periodic interest payout option, Dhan Laxmi Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Dhan Laxmi Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

Fixed Deposit calculator Dhan Laxmi Bank – Will TDS be deducted?

  • In case the interest earned by you across all your fixed deposits across all branches of Dhan Laxmi Bank in a year exceeds 0, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Dhan Laxmi Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your FD.
  • Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your Dhan Laxmi Bank FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • Dhan Laxmi Bank will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

Dhan Laxmi Bank FD interest rate calculator – Check your city

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of Dhan Laxmi Bank in your city - Find Dhan Laxmi Bank Branches here

  • FD Calculator of all banks in India

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News - Dec 2016
20th Jun 16 Dhanlaxmi Bank Q4 loss narrows to Rs 131.6 cr
Dhanlaxmi Bank reported a lower Net Loss of Rs 131.6 crore during the March quarter of FY16 against the reported loss Rs 266.61 crore during the March quarter of FY15. Total Income of the bank declined by 3.8 per cent to Rs 323.98 crore in the quarter ended March 2016. On an annual basis, Dhanlaxmi bank net loss narrowed to Rs 209.45 crore as on FY16 compared to Rs 241.47 crore as on FY15
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