Dhanalakshmi Bank Fixed Deposit Interest Rates

Dhanalakshmi Bank is a trusted name in the banking sector with a strong branch network. The bank offers premium quality products and services, Fixed Deposits (FDs) being one among them.  

There are multiple FD plans provided by the bank, each having different add-on benefits, features and tenure. You can choose and invest in the plan as per your financial goals and convenience.

Updated On - 02 Oct 2025
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Dhanalakshmi Bank FD interest rates Below Rs. 2 crore

The following are the interest rates for less than Rs.2 crore w.e.f. 01 August 2023: 

Term Deposits (All Maturities)

Interest Rates (p.a.)

7 Days to 14 Days

5.75

15 Days to 45 Days

5.75

46 Days to 60 Days

6.75

61 Days to 90 Days

6.75

91 Days to 179 Days

6.75

180 Days to less than one year

6.75

1 Year and above upto & inclusive of 2 years

6.75

555 Days (18 months and 7 Days)

7.25

Above 2 years upto & inclusive of 3 years

6.50

Above 3 years upto & inclusive of 5 years

6.60

Above 5 years upto & inclusive of 10 years

6.60

Note: For all domestic term deposits of 1 year and above, senior citizens are eligible for an additional interest rate of 0.50% p.a. except Dhanam Tax Advantage deposits.

Dhanalakshmi Bank Tax saving FD Rates

Dhanalakshmi Bank has a special FD plan named "Dhanam Tax Advantage Deposit" under which the investor saves on tax under Section 80C of the Income Tax Act. The maximum tax exemption is up to Rs. 1.5 lakh in a financial year.

Features

  1. The deposit can be made between Rs. 100 - Rs. 1.5 lakh in a financial year
  2. Tax exemption up to Rs. 1.5 lakh
  3. Nomination facility available
  4. Can be availed for terms of five and 10 years

Eligibility

  1. Single accounts can be opened by individuals and the Karta of a Hindu Undivided Family (HUF).
  2. Joint accounts can be opened by adults and minors (accompanied by their legal guardian), the first holder will get the benefit of tax deductions.
  3. PAN Card is required for opening an account.

Interest rate

Quarterly compounding interest; payment at maturity

Rates for Senior Citizens

No interest benefits

Premature Withdrawal

Allowed only after completing five years

Loan against FD

Not allowed

Dhanalakshmi Bank NRI FD Interest Rates

Dhanalakshmi Bank NRE FD Rates 

All Maturities 

Interest Rate (Less than Rs. 2 Crore) (p.a.) 

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% 

The above-mentioned interest rates are effective from 01 August 2023. Dhanalakshmi Bank can change the interest rates without prior notice. 

Note: A penalty of 1% will be charged on premature withdrawal of deposit of Rs. 50,000/- and above. 

A penalty of 0.50% will be charged for withdrawing deposits less than Rs. 50,000/- w.e.f. 10 April 2016. The bank will pay no interest on term deposits kept less than the minimum prescribed period. 

FCNR Fixed Deposit Interest Rates

Currency 

1 year to < 2 years 

2 years to < 3 years 

3 years to < 4 years 

4 years to < 5 years 

For 5 years (Maximum) 

USD 

5.76

4.91

4.01

3.26

3.26

GBP 

4.76

4.51

3.21

3.21

3.21

EUR 

1.76

1.76

1.76

1.76

1.76

SGD 

0.71

– 

– 

– 

– 

RFC Fixed Deposit Interest Rates

Currency 

6 months to less than 1 year 

1 year to less than 2 years 

2 years to less than 3 years 

3 years 

USD 

5.76

5.76

4.91

4.01

GBP 

4.76

4.76

4.51

3.21

EUR 

1.76

1.76

1.76

1.76

Features and Benefits of Dhanalakshmi Bank Fixed Deposits

  • The nomination facility is available with Dhanalakshmi FD deposits.
  • The Indian resident senior citizens get an additional interest benefit on the FD except on the "Dhanam Tax Advantage Deposit plan".
  • The premature withdrawal facility is available in some of the FD plans.
  • Some of FD plans at Dhanalakshmi bank allows deposit amount as small as Rs. 100.
  • There is a range of maturities available for the FD plans, starting from 7 days up to 10 years.

Documents required for Dhanalakshmi Bank FD

You will the following documents while applying for an FD:

  • Identity proof: Aadhar card , passport, etc.
  • Residential proof.
  • Age proof.
  • Passport size photographs.
  • PAN card.
  • Duly signed application form.

Types of FD plans at Dhanalakshmi Bank

There are different types of Dhanlaxmi Bank fixed deposits to choose from, and these include:

  • Dhanam Abhivridhi - This is an FD plan where the invested amount will double up within a certain specified period of time.
  • Surabhi Deposit - This FD is specifically designed to minimize loss during premature withdrawal.
  • Sri Dhana Chakra Deposit - This FD plan allows for automatic renewal of the deposit on maturity. In this plan, you can also deposit at any point of time with no upper limit.
  • Cumulative Deposit Certificate - This FD returns quarterly interest that is added to the principal amount. The total amount is paid on the maturity of the deposit.
  • Tax Advantage Deposit - This FD offers tax relaxation under Sec 80C of the Income Tax Act.
  • Senior Citizens Deposit - This FD gives extra protection to senior citizens through an additional interest rate.

Nomination Facility at Dhanalakshmi Bank

  1. The Nomination facility at Dhanalakshmi Bank aims at minimising the hardships caused to the family if the depositor/s dies.
  2. The depositor can declare any individual he trusts as the nominee, be it from the family, among friends or relatives.
  3. The account holder needs to submit a duly signed application form at the Dhanalakshmi bank to complete nomination formalities.

Premature withdrawal facility

  1. You can opt-out of your FD before the expiry of the tenure by availing the premature withdrawal facility.
  2. 0.5% penalty on term deposits of less than Rs. 5 lakh upon premature closure. Applicable for domestic, NRE and NRO.
  3. 1% penalty on term deposits of Rs. 5 lakh and above. Applicable for domestic, NRE and NRO.
  4. This applies to all the FD plans offered by the bank, except the Dhanam Tax Saving Deposit plan is kept out of it.

FAQs on Dhanalakshmi Bank Fixed Deposit Rates

  • What is the minimum deposit amount for an FD?

    The minimum deposit amount for an FD is Rs. 100.

  • What is the special rate of interest for senior citizens?

    The senior citizens get an additional interest benefit of 0.50%.

  • What are the highest and lowest rate of interest on FD schemes by the Dhanalakshmi Bank?

    The highest and lowest interest rate for an FD are 6.10% and 3.25% for deposits below Rs. 2 crore.

  • Who can open FD account with Dhanalakshmi Bank?

    The facility is available for account holders and non-account holders.

  • Can a customer open an FD account online in Dhanalakshmi Bank?

    The customer can open an FD account online if they have an internet banking account.

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