Dhanlaxmi Bank offers FD interest rates of 3.25-7.25% p.a. to the general public and 3.25-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Dhanlaxmi Bank Tax Saving FDs is 6.60% p.a. for the general public for tenures of 5 years to 10 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC, and FCNR (B) fixed deposits. Dhanlaxmi Bank accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), and Singapore Dollar (SGD). The bank accepts RFC fixed deposits in USD, GBP, and EUR.
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FD Starts from Rs 2000
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*Rates are subject to change as per the bank's discretion.
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Dhanlaxmi Bank FD Interest Rates (p.a.) Highlights 2023 |
|
| Highest slab rate | 7.25% (for 555 days -18 months 7 days) |
| For 1 year | 6.75% |
| For 2 years | 6.75% |
| For 3 years | 6.50% |
| For 4 years | 6.60% |
| For 5 years | 6.60% |
| Tax-Saving FD | 6.60% |
The interest rates are updated as of 4 December 2023
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 5.75 | 5.75 |
| 15 days to 45 days | 5.75 | 5.75 |
| 46 days to 60 days | 6.75 | 6.75 |
| 61 days to 90 days | 6.75 | 6.75 |
| 91 days to 179 days | 6.75 | 6.75 |
| 180 days to less than 1 year | 6.75 | 6.75 |
| 1 year to 2 years | 6.75 | 7.25 |
| 555 days (18 months 7 days) | 7.25 | 7.75 |
| Above 2 years to 3 years | 6.50 | 7.00 |
| Above 3 years to 5 years | 6.60 | 7.10 |
| Above 5 years to 10 years | 6.60 | 7.10 |
Note: 1. Senior citizen interest rates are not applicable on NRO and NRE deposits
Card limit is 100% of FD Amount
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6.5%INTEREST ON FD
| Tenure | Interest Rates (% p.a.) |
| 5 years to 10 years | 6.60 |
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| Tenure | Interest Rates (% p.a.) |
| Above 1 year to 2 years | 6.75 |
| 555 days (18 months 7 days) | 7.25 |
| Above 2 years to 3 years | 6.50 |
| Above 3 years to 5 years | 6.60 |
| 1111 days (36 months 15 days) | 6.60 |
| Above 5 years to 10 years | 6.60 |
| 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 | 5.76 | 4.91 | 4.01 | 3.26 | 3.26 |
| GBP | 4.76 | 4.51 | 3.21 | 3.21 | 3.21 |
| EUR | 1.75 | 1.75 | 1.75 | 1.75 | 1.75 |
| SGD | 0.50 | – | – | – | – |
| 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 | 5.76 | 5.76 | 4.91 | 4.01 |
| GBP | 4.76 | 4.76 | 4.51 | 3.21 |
| EUR | 1.75 | 1.75 | 1.75 | 1.75 |
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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.
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 in 2020?
A. The highest FD interest rate of Dhanlaxmi Bank is 7.25% p.a. (7.75% for senior citizens) for a tenure of 555 days (18 months 7 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 0.5% 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 be applicable to new customers only.
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