Dormant Account
Nanded
ho@bhagyalakshmibank.com
Mon to Sat
10.30 am to 2.30 pm
3.00 pm to 5.30 pm
Holiday on 2nd and 4th Saturday and every Sunday bank is closed
Deposits Scheme
New Regular Deposit Schemes
Effective from April 24, 2025, Bhagyalakshmi Bank offers attractive interest rates for its regular deposit schemes.
For deposits with a duration of 30 to 90 days, the interest rate is set at 4.50%. This short-term option is ideal for individuals looking for a safe place to park their funds for a brief period while still earning a modest return.
Deposits made for a duration of 91 to 180 days will earn an interest rate of 5.25%. This medium-term option provides a higher interest rate, making it suitable for those who can afford to keep their money locked in for a slightly longer period.
For a longer investment horizon, deposits held for 181 days to 12 months attract an interest rate of 6.25%. This scheme is beneficial for individuals looking to maximize their returns over a year.
For deposits with a tenure of 13 to 36 months, the interest rate increases to 7.00%. Senior citizens benefit from an even higher rate of 7.50% for the same duration, making it a highly attractive option for retirees looking for a steady income.
For those opting for an extended investment period of 37 months and beyond, the interest rate is 6.75%. Senior citizens again receive a preferential rate of 7.25%, ensuring their savings grow at a faster pace.
These competitive rates are designed to cater to a variety of financial needs and goals, offering flexibility and rewarding returns for both short-term and long-term deposits.
Duration | Rate of Interest |
30 to 90 days | 4.50% |
91 to 180 days | 5.25% |
181 days to 12 months | 6.25% |
13 months to 36 months | 7.00% (for senior citizens- 7.50%) |
37 months to onwards | 6.75% (for senior citizens- 7.25%) |
Special Deposit Schemes
Bhagyalakshmi Bank offers enticing interest rates on its Special Deposit Schemes, tailored to meet the diverse needs of its customers. For deposits with a duration of 200 days, the interest rate is 7.00%, with senior citizens enjoying a slightly higher rate of 7.25%. This short-term scheme is perfect for those looking for a higher return within a limited time frame.
For a longer duration of 400 days, the bank provides an attractive interest rate of 7.50%. Senior citizens benefit even more with a rate of 7.75%, making this scheme a lucrative option for individuals seeking to grow their savings over a little more than a year.
Additionally, the bank offers an exclusive scheme for a duration of 1100 days, providing an interest rate of 6.75%. Senior citizens can earn 7.00% on their deposits. This long-term scheme is ideal for those looking to secure their funds and earn a steady return over a period of three years.
These Special Deposit Schemes are designed to offer flexible investment options with competitive interest rates, ensuring that both regular customers and senior citizens can maximize their savings effectively.
Special Deposit Schemes | Rate of Interest |
200 days | 7.00% (for senior citizens- 7.25%) |
400 days | 7.50% (for senior citizens- 7.75%) |
1100 days Only | 6.75% (for senior citizens- 7.00%) |
Interest Rate for Co-Operative Institute
Bhagyalakshmi Bank offers competitive interest rates on deposits for Co-Operative Institutes. For short-term deposits ranging from 30 to 90 days, the interest rate is set at 4.50%. This is ideal for institutions seeking a safe and temporary place to keep their funds while earning a modest return.
For deposits held for 91 to 180 days, the interest rate increases to 5.25%, providing a better yield for those willing to commit their funds for a longer period.
For medium-term deposits of 181 days to 12 months, the bank offers an attractive interest rate of 6.25%. This option suits institutes looking for a higher return over a substantial period.
In addition to these regular schemes, Bhagyalakshmi Bank also presents Special Deposit Schemes tailored for Co-Operative Institutes. Deposits with a tenure of 200 days earn an interest rate of 7.00%, offering a significant return for short-term investments.
For those willing to invest for 400 days, the interest rate is even more favorable at 7.50%. This special scheme is designed to maximize returns over a little more than a year, making it an excellent option for co-operative institutes aiming for higher growth.
These interest rates reflect Bhagyalakshmi Bank’s commitment to providing flexible and rewarding deposit options to Co-Operative Institutes, ensuring their funds grow securely and effectively.
Duration | Rate of Interest |
30 Days to 90 Days | 4.50% |
91 Days to 180 Days | 5.25% |
181 to 12 Months | 6.25% |
Special Deposit Schemes | Rate of Interest |
200 days | 7.00% |
400 days | 7.50% |