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Dhan Laxmi Bank FD Calculator

Last Updated 25th Apr 2017

FD Calculator Dhan Laxmi in India Apr 2017

Tenure General Rates Senior Citizen Rates
1 day to 14 days 4.00% 4.00%
15 days to 45 days 4.00% 4.00%
46 days to 90 days 5.00% 5.00%
91 days to 179 days 5.50% 5.50%
180 days to 364 days 6.00% 6.00%
365 days 6.75% 7.25%
1 year 1 day to 2 years 6.75% 7.25%
2 years 1 day to 3 years 6.50% 7.00%
3 years 1 day to 5 years 6.50% 7.00%
5 years 1 day to 10 years 6.50% 7.00%
Dhan Laxmi Bank FD Maturity Calculator
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Dhan Laxmi Bank Fixed Deposit Calculator

Dhan Laxmi Bank, a leading Private Bank in India offers attractive interest rates upto 6.75% 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 Interest Calculator

  • 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.

Tax on Fixed Deposit Dhan Laxmi

  • In case the interest earned by you across all your fixed deposits across all branches of Dhan Laxmi Bank in a year exceeds 10,000, 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

Frequently Asked Questions on FD Calculator Dhan Laxmi Bank

What is the highest interest earned on Dhan Laxmi Bank fixed deposit?

You can earn a maximum interest of 6.75% on Dhan Laxmi Bank fixed deposit.

Are there any extra benefits for senior citizens on fixed deposit of Dhan Laxmi Bank?

Yes, senior citizens get extra benefit of 0.5% interest rates on their FD in Dhan Laxmi Bank.

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Dhan Laxmi News - Apr 2017
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