Dhanlaxmi Bank Fixed Deposit (FD) Interest Rates

Dhanlaxmi Bank, established in 1927, is a reliable name in the Indian banking sector. Along with other financial products, Dhanlaxmi Bank offers various fixed deposit schemes at lucrative interest rates. Spanning durations from 7 days to 10 years, Dhanlaxmi Bank FD interest rates range from 5.25% to 7.25% p.a. that are compounded quarterly. Also, senior citizens enjoy an additional interest rate of 0.50% p.a., enhancing the benefits of their fixed deposit investments.

Dhanlaxmi Bank Domestic FD Rates Below 2 Crores

The table below illustrates the Dhanlaxmi Bank term deposit rates per annum for domestic and NRO accounts across various tenures, applicable to deposits under ₹2 crores.

Term Deposits Rates of Interest (Less than ₹2 Crore)
7 Days to 14 Days 5.25%
15 Days to 45 Days 5.25%
46 Days to 60 Days 6.25%
61 Days to 90 Days 6.25%
91 Days to 179 Days 6.50%
180 Days to < one year 6.50%
1 Year and above up to & inclusive of 2 years 6.75%
555 Days (18 months and 7 Days) 7.25%
Above 2 years up to & inclusive of 3 years 6.50%
Above 3 years up to & inclusive of 5 years 6.60%
Above 5 years up to & inclusive of 10 years 6.60%

*Please note that the interest rates may change. For the latest updates, check the official Dhanlaxmi Bank website.
*Senior citizens are eligible for an additional interest rate of 0.50% p.a. for all domestic term deposits of 1 year and above

Dhanlaxmi Bank 555 Days FD.

Dhanlaxmi Bank FD offers the highest interest rates of 7.25% p.a. for a special tenure of 555 days, i.e., 18 months and 7 days. Maximise your FD investment with this outstanding opportunity from Dhanlaxmi Bank.

Interest Rates For Bulk Deposit For 2 Crores & Above

The table below displays the Dhanlaxmi Bank Bulk FD rates (% p.a.) applicable for deposits ranging from 2 crores to above 50 crores.

Deposit amount & Tenure 7-14 Days 15-30Days 31-45 Days 46-90 Days 91-179 Days 180 Days – < 1 Year 1 Year (Domestic and NRE) Above 1 Year Upto 2 Years (Domestic and NRE)
₹2 Cr - ₹10 Cr 5.75 5.75 5.75 6.50 7.00 7.25 7.25 7.25
₹2 Cr - ₹10 Cr 5.75 5.75 5.75 6.50 7.00 7.25 7.25 7.25
Above ₹25 Cr - ₹50 Cr 5.75 5.75 5.75 6.50 7.00 7.25 7.25 7.25
Above ₹50 Cr 5.75 5.75 5.75 6.50 7.00 7.25 7.25 7.25

Dhanlaxmi Bank NRE Deposit Rates

Refer to the table below for Dhanlaxmi Bank NRE deposit Rates for below ₹2 Crore.

NRE (All Maturities) (w.e.f 03.05.2023) Rates of Interest (Less than ₹2 Crore)
Above 1 year up to & inclusive of 2 years 6.75%
555 days 7.25%
Above 2 years up to & inclusive of 3 years 6.50%
Above 3 years up to & inclusive of 5 years 6.60%
1111 days 6.60%
Above 5 years up to & inclusive of 10 years 6.60%

Dhanlaxmi Bank FNCR Deposit Interest Rates

Dhanlaxmi Bank FNCR interest rates and tenures are displayed in the table below:

Currency & Tenure 1 year to < 2 years 2 years to < 3 years 3 years to < 4 years 4 years to < 5 years 5 years only
USD 5.75% 4.90% 4.00% 3.25% 3.25%
GBP 4.76% 4.51% 3.21% 3.21% 3.21%
EUR 4.76% 4.51% 3.21% 3.21% 3.21%
SGD 0.37% * * * *

*The interest rates mentioned may change. For the most recent information, check Dhanlaxmi Bank's official website.

Find Your Dhanlaxmi Bank FD Returns

Calculate your Dhanlaxmi Bank FD returns effortlessly using the FD calculator. It breaks down your maturity value into principal and interest for a quick understanding. Try it Dhanlaxmi Bank Fixed Deposit calculator to find your Dhanlaxmi FD ROI.

Features and Benefits of Dhanlaxmi Bank Fixed Deposit

Fixed Deposits from Dhanlaxmi Bank offer several benefits to investors. The following are some of the main features.

  • Nomination Facility: You can easily nominate a beneficiary for your Dhanlaxmi FD deposits.
  • Senior Citizen Advantage: Indian resident senior citizens enjoy an extra interest benefit on their FDs, excluding the "Dhanam Tax Advantage Deposit plan.”
  • Premature Withdrawal Option: Some FD plans at Dhanlaxmi Bank offer the flexibility of premature withdrawal.
  • Low Minimum Deposit: Certain FD plans allow deposits as small as ₹ 100, making it accessible to a wide range of investors.
  • Flexible Maturity Options: Choose from various maturity periods, ranging from 7 days to 10 years, providing flexibility to align with your financial goals.

Dhanlaxmi Bank FD Account Eligibility

Eligibility for Dhanlaxmi Bank FD Accounts is outlined as follows:

  • Single Accounts: Individuals and the Karta of a Hindu Undivided Family (HUF) are eligible to open single accounts.
  • Joint Accounts: Adults and minors, accompanied by their legal guardians, can open joint accounts. The first holder in a joint account enjoys the benefit of tax deductions.
  • PAN Card Requirement: It is mandatory to provide a PAN Card for the account opening process.

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Documents Required to Open Dhanlaxmi FD

To apply for a Dhanlaxmi Fixed Deposit, make sure to provide the following documents:

  • Identity Proof: Submit a valid ID like Aadhaar card, PAN card, or passport.
  • Address Proof: Include a document like utility bills confirming your current address.
  • Age Proof: Provide a document verifying your age.
  • Passport Size Photographs: Attach recent passport-size photos.
  • PAN Card: Submit a copy of your PAN card.
  • Duly Signed Application Form: Complete and sign the application form.

Premature Closure of Dhanlaxmi Bank Fixed Deposit

In the event of an early withdrawal from the fixed deposit, specific penalties apply as follows:

Penal Interest for Higher Deposits:A penal interest of 1% will be imposed on deposits totaling ₹5,00,000 or more. This serves as a deterrent for premature encashment of larger fixed deposits.

Penalty for Lower-Value Term Deposits:For term deposits valued below ₹5,00,000, a penalty of 0.50% will be charged. This measure is in place to discourage early withdrawal and to maintain the intended maturity period for smaller deposits.

Types of Dhanlaxmi Bank Fixed Deposits

Dhanlaxmi Bank has different FD schemes to suit various depositor needs. Check out the details of these schemes below.

Cumulative Deposit Certificate (DCDC)

The Dhanam Cumulative Deposit Certificate (DCDC) gives you interest every quarter, added to your initial amount. When it matures, you get back both the total interest and the initial amount. It's a guaranteed way to grow your money, suitable for short-term and long-term goals. Easily open this fixed deposit online through our Digital Channels.

Dhanam Tax Advantage

The Dhanam Tax Advantage Deposit helps you save on taxes while earning interest. Under Section 80C, deposits with a 5-year tenure are tax-exempt, allowing you to claim up to ₹1.5 lakhs deduction per year. The invested principal amount is tax-free.

Senior Citizen’s Deposit

The Senior Citizen's Deposit is made for people aged 60 and above. It gives extra financial protection by offering a higher interest rate than the standard. Specifically created for seniors, this deposit helps maximize investment returns. It's a safe, flexible, and guaranteed way for senior citizens to grow their finances.

NRE Fixed Deposit

The Dhanlaxmi Bank NRE Fixed Deposit is designed for Non-Resident Indians (NRI) and Persons of Indian Origin (PIO). You can choose a tenure ranging from above 1 year to 10 years. Additionally, you have the option to avail loans against your deposits, with a maximum limit of up to ₹1 crore. It's a straightforward investment option tailored for NRIs and PIOs, providing flexibility in tenure and the opportunity to leverage your deposit for loans if needed.

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Frequently Asked Questions on Dhani personal loan

The highest Dhanlaxmi Bank FD rate today is 7.75% p.a. for senior citizens and 7.25% p.a. for others with a tenure of 555 days.

Dhanlaxmi Bank FD minimum deposit amount can be as low as ₹100. Contact the bank for accurate information.

Senior citizen fixed deposit interest rates in Dhanlaxmi Bank are 0.5% higher than regular rates for all tenures.

Available FD tenures in Dhanlaxmi Bank range from 7 days to 10 years.

Yes, a loan against FD is available at Dhanlaxmi Bank.

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