Dhanlaxmi Bank FD Rates

Dhanlaxmi Bank FD Interest Rates (p.a.) Highlights
Highest slab rate	7.25% (for 300 days; 400 days)
For 1 year	6.75%
For 2 years	6.75%
For 3 years	6.50%
For 4 years	7.25%
For 5 years	7.25%
Tax-Saving FD	7.25%

The interest rates are updated as of 7 April 2025

Dhanlaxmi Bank FD Rates

FD Interest Rates for Domestic/NRO deposits of less than Rs 2 crore w.e.f. 7 April 2025

Tenure	Interest Rates (% p.a.)
	Regular Citizens	Senior Citizens
7 days to 14 days	4.25	4.25
15 days to 45 days	4.25	4.25
46 days to 60 days	4.25	4.25
61 days to 90 days	4.25	4.25
91 days to 179 days	6.00	6.00
180 days to less than 1 year	6.00	6.00
300 days (9 months and 27 days – online mode)	7.25	7.25
1 year to 2 years	6.75	7.25
400 days (13 months 4 days – online mode)	7.25	7.75
Above 2 years to 3 years	6.50	7.00
Above 3 years to 5 years	7.25	7.75
Above 5 years to 10 years	6.60	7.10

Note: 1. Senior citizen interest rates are not applicable on NRO and NRE deposits

2. Additional senior citizen rates of 0.50% p.a. are applicable on the tenure of 1 year and above

Dhanlaxmi Bank Tax Saver Deposit (Dhanam Tax Advantage Deposit)

Tenure	Interest Rates (% p.a.)
5 years to 10 years	7.25

NRE Fixed Deposit Interest Rates of deposits less than Rs 2 crore w.e.f. 1 March 2025

Tenure	Interest Rates (% p.a.)
Above 1 year to 2 years	6.75
400 days	7.25
Above 2 years to 3 years	6.50
Above 3 years to 5 years	7.25
Above 5 years to 10 years	6.60

Interest Rates on FCNR(B) deposits w.e.f. 2 April 2025

Tenure/ Currency	1 year to less than 2 years	2 years to less than 3 years	3 years to less than 4 years	4 years to less than 5 years	5 years
	Interest Rates (% p.a.)
USD	5.28	3.94	3.04	2.29	2.29
GBP	4.03	3.78	2.48	2.48	2.48
EUR	0.27	0.27	0.27	0.27	0.27
SGD	0.05	–	–	–	–

Interest Rates on RFC deposits w.e.f. 2 April 2025

Tenure/Currency	6 months to less than 1 year	1 year to less than 2 years	2 years to less than 3 years	3 years
	Interest Rates (% p.a.)
USD	5.28	5.28	3.94	3.04
GBP	4.03	4.03	3.78	2.48
EUR	0.27	0.27	0.27	0.27

Types of Dhanlaxmi Bank FD Schemes

Senior Citizen’s Deposit

• Additional interest rate of 0.50% p.a. is offered to senior citizen FD depositors for the tenure of 1 year and above except for Dhanam Tax Advantage deposits.
• At par collection of 1 instrument for a value up to Rs. 5,000 once a month.
• Issue of demand draft up to Rs. 5,000 once a month.

Dhanam Cumulative Deposit Certificate (DCDC) (With Reinvestment of Interest Component)

• Minimum deposit amount: 100
• Tenure: 6 months to 5 years. Subsequent multiples at 3-month intervals are allowed.
• This scheme returns quarterly interest that is added to the principal amount.
• The principal amount and the cumulative quarterly interests are paid on maturity.
• Minimum remittance of Rs. 500, amounts in excess rounded off to the nearest Rs 100.
• Loan can be availed for up to 90% of the deposit.

Dhanam Tax Advantage Deposit

• Deposits under this scheme are eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year
• Deposit amount: Minimum – Rs.100; Maximum-Rs. 1.50 lakh in a financial year
• Tenure: 5 years to 10 years
• Applicable rate of interest for 5 years
• Nomination facility is available
• Loan against deposit facility is not allowed
• No additional interest rate is offered to senior citizens

NRE Fixed Deposit

• Eligibility: Non-Resident Indians (NRI) and Persons of Indian Origin (PIO)
• Tenure: above 1 year to 10 years
• Loans can be availed against deposits of up to a maximum of Rs 1 crore

FCNR Fixed Deposit

• Depositors can hold currencies in US Dollars (USD), Pound Sterling (GBP), Euros, Australian Dollar (AUD) and Canadian Dollar (CAD)
• Tenure: 1 year to 5 years
• The amount can be paid in Indian rupee or foreign currency on maturity as per the depositor’s request
• The interest is compounded half-yearly
• Both the principal and interest earned can be fully repatriated
• An NRI having an FCNR account can avail loan in India

Premature Withdrawal of Fixed Deposits

• Premature withdrawal is allowed on deposits subject to a penalty rate of 1 % for deposits of Rs. 5 lakh and above and 0.50 % for deposits of less than 5 lakh w.e.f. April 18, 2016
• Premature withdrawal is not allowed in Dhanam Tax Advantage Deposit for up to 5 years

Loan against FD

• Under this facility, investors can take a loan against FD where the deposit amount shall be kept as collateral
• The bank may consider a loan against deposits in the name of a minor. In such cases, a suitable declaration needs to be produced stating the purpose of the loan and it should be for the benefit of the minor
• This facility is available for all the FD schemes except for Dhanam Tax Savings Deposit

FD Calculator

Customers can make use of FD calculator to check their potential earnings on investing in a bank’s FD schemes. Dhanlaxmi Bank FD rates can change any time without prior notice, thus it is important to know the maturity amount one may earn as per the prevailing rates. Investors can use the FD calculator available on Paisabazaar.com and make a well-informed decision.

FAQs

Q. Who can apply for Dhanlaxmi Bank FD?

A. This facility can be availed by existing as well as non-existing customers of Dhanlaxmi Bank.

Q. What is the highest Dhanlaxmi Bank FD rate?

A. The highest FD interest rate of Dhanlaxmi Bank is 7.25% p.a. for a tenure of 300 days and 400 days.

Q. What is the minimum amount that one can keep in their Dhanlaxmi Bank FD?

A. Investors can opt for a minimum of Rs. 100 deposit amount.

Q. Will there be a penalty on withdrawing a domestic FD prematurely?

A. Yes. There will be a penalty of 0.50% or 1% for deposits less than Rs. 5 lakh or above Rs. 5 lakh, respectively.

Q. If the interest rate is reduced by the bank, will customers be paid less for FD bought before such revision of rates?

A. No. Customers shall continue to earn interest as per the rates applicable at the time of opening the FD account. The revised Dhanlaxmi Bank FD rates shall apply to new customers only.