Dhanlaxmi Bank Fixed Deposit Interest Rates

Dhanlaxmi Bank is a private sector bank founded in 1927 in Thrissur, Kerala, by a group of entrepreneurs. Currently, the bank has around 245 branches and 257 ATMs across the country besides 533 touchpoints to serve the customers efficiently.
Dhanlaxmi Bank also offers fixed deposit schemes as a savings instrument among other services. Different types of fixed deposit schemes also attract different interest rates. Dhanlaxmi Bank fixed deposit interest rates are competitive to their market counterparts.

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Dhanlaxmi Bank Fixed Deposit Features

The major features and benefits of opening fixed deposit at Dhanlaxmi Bank include: 

  • The maturity stage starts from 7 days to 10 years with the interest rates ranging from 3.50 - 6.40% per annum.
  • Both online and offline facilities are available for all customers to use services and features from the comfort of their homes.
  • An additional interest rate of 0.5% is given to all senior citizens who have Fixed deposits in Dhanlaxmi Bank. Also, the range of interest rate starts from 4.00% per cent unlike the regular citizen.
  • A customer applying for a short-term FD can get an interest rate of 3.50% per annum with a minimum period of 7 days. 
  • A medium-term fixed deposit offers an investment period of 1 to 5 years with interest rates reaching up to 6.40% per annum. 
  • The long-term fixed deposit rates can go up to 10 years with a maximum interest rate of 6.40% per annum. The senior citizens can avail interest rate of up to 6.90% per annum. 

Dhanlaxmi Bank Fixed Deposit Interest Rates 2021

Term Deposits- Domestic and NRO Deposits (w.e.f 01/09/2020)

Term deposits

Rate of Interest (less than 2 crores)

7 days to 14 days


15 days to 45 days


46 days to 60 days


61 days to 90 days


91 days to 179 days


180 days to less than a year


1 year and above up to and within 2 years


640 days


Above 2 years up to and inclusive of 3 years


Above 3 years up to and inclusive of 5 years


Above 5 years up to and inclusive of 10 years


Note: The above mentioned are for retail deposits. Senior citizens can avail of interest rates with 0.5% extra benefits for one year and more domestic term deposits.

Bulk Deposits- Domestic Term Deposits (w.e.f from 01/08/2020)

Term Deposits

Rate of Interest (For 2 crore and more

7 to 14 days


15 to 45 days


46 to 60 days


61 to 90 days


91 to 179 days


180 days to less than a year.


The interest rates mentioned are subjected to changes with each passing year. It is suggested to inquire and confirm the rates with the Bank.

Things to Know About FD Interest Rates

The notable key features of Dhanlaxmi Bank Fixed deposit interest rates are: 

  • The interest rates are provided based on the tenure and the amount. Customers looking to invest a higher amount to achieve any future goals prefer to invest in a fixed deposit plan. 
  • Dhanlaxmi Bank Fixed deposit interest rates come with not only high-interest rates and different tenures, but also Short term, Medium term and long term Fixed deposits.

In Conclusion

Dhanlaxmi bank focuses on offering better facilities to their customers for better financial aid. The bank provides all kinds of banking facilities both online and offline. Dhanlaxmi Bank Fixed deposit schemes are highly reliable and convenient for all kinds of customers looking to grow money or stay invested for their dreams.

Written By: PolicyBazaar - Updated: 26 August 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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